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Imperial Oil Ltd. Message Board

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  • pmcmurrell pmcmurrell Aug 20, 2002 11:22 AM Flag

    Safe supply!

    While IMO will likely not diverge from other oil company stocks, the principle is true.
    Longer term, it could go up while others falter.
    P is good and largely domestic, but IMO is a lot safer and close to home. It is also mostly owned by Mobil, and I think they will buy the rest (if the price is attractive). If I were CEO of Mobil, I think I would BUY the rest of IMO now.
    If trouble happens in the Middle East, and it appears ready to HATCH, then low prices on IMO are a temporary phenomenon. Stochastics are not too bad, and it looks good for further upward motion as a trading vehicle too.
    Stick with IMO, and I think you will see $30+ this year.

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