Imperial Oil (IMO-T) stock dropped 6.7 per cent on Dec. 12 after the company announced that 2025 capital and exploration expenditures were expected to range from $1.9-$2.1-billion. Not helping matters was reports that Ottawa was considering a tax on U.S.-bound oil exports should a trade war erupt with Washington. Meanwhile, Imperial Oil CEO Brad Corson was buying the stock’s pullback. Between Dec. 12-13, he bought 10,000 shares at an average price of $96.90.
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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.