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Bullish Case: Record production and dividend hikes indicate strong operational performance. Historical mean reversion in price may signal upside potential as market undervalues earnings amid dividend boosts.


Bearish Case: Analysts' major negative revenue revisions and challenging market conditions, including declining refining margins, suggest near-term downside risk for IMO.


Potential Outcomes:

1. Pipeline repair disrupts supply: 25%, increasing prices.

2. Renewed focus on dividends draws investors: 40%.

3. Analyst sentiment overweights actual performance impact: 35%.


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April 02, 2024


Imperial Oil Forecast

IMO        Imperial Oil
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with IMO



SU Forecast + Options Trading Strategies   [SU]  Suncor Energy (0.94)


FANG Forecast + Options Trading Strategies   [FANG]  Diamondback Energy (0.93)


MPC Forecast + Options Trading Strategies   [MPC]  Marathon Petroleum (0.91)


MTRX Forecast + Options Trading Strategies   [MTRX]  Matrix Service (0.9)


CNQ Forecast + Options Trading Strategies   [CNQ]  Canadian Natural Resources (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to IMO



VLY Forecast + Options Trading Strategies   [VLY]  Valley National Bancorp (0.0)


BROS Forecast + Options Trading Strategies   [BROS]  Dutch Bros (-0.01)


UTZ Forecast + Options Trading Strategies   [UTZ]  Utz Brands (0.01)


ULTA Forecast + Options Trading Strategies   [ULTA]  Ulta Beauty (-0.01)


PEG Forecast + Options Trading Strategies   [PEG]  Public Service Enterprise (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IMO



ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.85)


AUPH Forecast + Options Trading Strategies   [AUPH]  Aurinia Pharmaceuticals (-0.85)


VRSN Forecast + Options Trading Strategies   [VRSN]  Verisign (-0.85)


LEG Forecast + Options Trading Strategies   [LEG]  Leggett & Platt (-0.86)


BCE Forecast + Options Trading Strategies   [BCE]  BCE (-0.89)





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