Have an account? Please log in.
IMPERIAL OIL LTD. $40 earned $0.25 a share in the three
months ended June 30, 2009. That’s down 80.5% from $1.28 a
year earlier. The drop was mainly caused by falling crude-oil and
natural-gas prices. As well, its Cold Lake and 25%-owned
Syncrude oil-sands projects were closed for maintenance during
the quarter, which added to its costs. However, oil prices have
more than doubled since last February’s low of $32 U.S. a barrel.
Higher selling prices and a return to full production at its oil-sands
operations should help Imperial’s third-quarter earnings. Best Buy.
TELUS CORP. $34 continues to attract new wireless subscribers,
which helps it offset losses of traditional phone customers to cable
companies. In the second quarter of 2009, Telus added 111,000
wireless subscribers, down 36.8% from a year earlier. Still, Telus
ended the quarter with 6.3 million wireless users, or 7.8% more
than a year ago. Average spending per wireless user fell 6.6%, but
this should improve with the economy. Buy.
In today's economy, it's more important than ever to have clear investment advice that is tailored to your own personal goals. This is where Pat McKeough's conservative safe-investing philosophy comes in. Through TSI Network, you get access to reports, monthly newsletters and premium services that go beyond the daily headlines to give you all the advice and information you need to build a portfolio with long-term growth potential. Simply click on the links below to discover which service is right for you.
TSI Premium Services