Imperial Oil Profit soars 70%
Imperial oil said that its Q3 profit soared 70 %, helped by higher oil and natural-gas prices and improved refining margins.
Randy Ollenberger, analyst at BMO Capital Markets in Calgary, said:
On a year-over-year basis, they benefited from much higher prices. Where they did particularly well was refining, because of higher margins.
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Fri, Oct 31, 2008
Post by Melissa Pistilli, Heavy Oil Senior Reporter