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-SPDR-S&P-500-Fossil-Fuel-Free  on September 12, 2023


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Imperial Oil Not As Cheap As It Appears (NYSE:IMO) - Seeking Alpha

Imperial Oil (NYSE:IMO) has rallied 25% this year and thus it has outperformed the S&P 500 (+17%) and the Energy Select Sector SPDR Fund ETF (XLE), which has gained 9%, by a wide margin. Despite its steep rally, to a new 15-year high, Imperial Oil is trading at a forward price-to-earnings ratio of only 10.5x. This may lead some investors to think that the stock remains cheaply valued. However, the Canadian oil producer is not attractively valued from a long-term perspective.

seekingalpha.com     Sep 12, 2023