- Imperial Oil (IMO +2.2%) opens higher after a weekend Barron's report touts the company as a "hidden gem," overlooked by investors because it is 70% owned by Exxon Mobil (XOM) but with potential stock price appreciation on strong production growth.
- IMO represents 6%-7% of XOM's production, but should account for two-thirds of its production growth over the next five years, the report says, yet the stock, which once traded at a premium to XOM shares, now trades at a slight discount.
- IMO does the opposite of what others do to boost their stocks, Barron's writes: It doesn't have earnings conference calls, doesn't make many investor presentations, doesn't pay a dividend it can't afford, and exploits investment opportunities with double-digit returns.
From other sites
at CNBC.com (Apr 6, 2014)
at CNBC.com (Jan 20, 2014)
at CNBC.com (Jan 31, 2011)
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