Imperial Oil is very safety conscious. We're talking about some crazy low temperatures in Alberta right now. Better to be patient here.
"Jan 22 (Reuters) - Imperial Oil Ltd said on Tuesday that the start up of its new 110,000-barrel-per-day Kearl oil sands mine has been delayed by cold temperatures in northern Alberta but the company still expects production to begin in early 2013.
Pius Rolheiser, a spokesman for the company, said Imperial is still working to begin production at the C$10.9 billion ($11 billion) project, but believes its still has weeks of work ahead of it.
"We still anticipate first production in early 2013," he said. "Exactly when that will be will depend on how well we do in the coming weeks.""
So, they dismissed the CEO, maybe the new guy can get the guys out of the control room and start up the plant. Geeez. you invest 10 Zillion bucks, and you sit on the plant cause its cold outside? Really? This stock price is not keeping up with its peers because these guys cant finish.