IMPACT: Likely neutral. Financial results beat our forecasts (better Upstream opex, lower current taxes) but missed consensus, which had already come down considerably in the past few weeks. Upstream production was slightly ahead of expectations due to strong Kearl output. 2019 capex guidance was unchanged.
01 Nov 2019
FLASH: 3Q19 financials miss consensus but beat us
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FLASH: 3Q19 financials miss consensus but beat us
Imperial Oil Limited (IMO:TSE) | 0 0 (-1.4%) | Mkt Cap: 28,420m
- Published:
01 Nov 2019 -
Author:
Michael P. Dunn -
Pages:
4
IMPACT: Likely neutral. Financial results beat our forecasts (better Upstream opex, lower current taxes) but missed consensus, which had already come down considerably in the past few weeks. Upstream production was slightly ahead of expectations due to strong Kearl output. 2019 capex guidance was unchanged.