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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Imperial Oil Limited | TSX:IMO | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.05% | 95.20 | 95.17 | 95.24 | 95.90 | 94.72 | 95.24 | 46,023 | 15:06:12 |
CALGARY, March 17, 2014 /CNW/ - Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately CA$855 million. The transaction is expected to close in May.
Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split evenly between oil and gas.
About Imperial Oil Ltd:
Imperial Oil is one of Canada's largest corporations and a leading
member of the country's petroleum industry. The company is a major
producer of crude oil and natural gas, Canada's largest petroleum
refiner, a key petrochemical producer and a leading marketer with
coast-to-coast supply and service station networks.
SOURCE Imperial Oil Limited
Copyright 2014 Canada NewsWire
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