Markets

Insider Trading

Hedge Funds

Retirement

Opinion

1281292 - 11759070 - 1

Is Imperial Oil Limited (IMO) A Good Stock To Buy Now?

Is IMO a good stock to buy? We came across a bullish thesis on Imperial Oil Limited on r/investing_discussion by Variant_Invest. In this article, we will summarize the bulls’ thesis on IMO. Imperial Oil Limited's share was trading at $118.98 as of June 9th. IMO’s trailing and forward P/E were 28.12 and 12.50 respectively according to Yahoo Finance.

[caption id="attachment_913879" align="aligncenter" width="750"] Pixabay/Public Domain[/caption]

IMO is positioned as one of Canada’s most durable and overlooked integrated oil companies, benefiting from a business model that...