Barclays Reiterates an 'Overweight' on Imperial Oil Limited (IMO); Overlooked Attractive Oil Sands Play

Barclays reiterates an 'Overweight' on Imperial Oil Limited (NYSE: IMO).

Barclays analyst says, "We reiterate our rating on Imperial Oil as we believe the market has overlooked this attractive oil sands play. We expect Imperial Oil to deliver the highest adjusted per share production growth of 9.2% p.a. over 2011-15, primarily reflecting the start-up of Kearl Phase 1 & 2 at the end of 2012 and 2015, respectively, as well as Nabiye in 2015."

For an analyst ratings summary and ratings history on Imperial Oil Limited click here. For more ratings news on Imperial Oil Limited click here.

Shares of Imperial Oil Limited closed at $43.44 yesterday.

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