IMPERIAL OIL $41.46

IMPERIAL OIL $41.46 (Toronto symbol IMO; Shares outstanding: 847.6 million; Market cap: $35.1 billion; TSINetwork Rating: Average; Dividend yield: 1.5%; www.imperialoil.ca) gets about 75% of its crude oil from its Kearl and Cold Lake oil sands projects in northern Alberta.

Kearl (about 70 kilometres north of Fort McMurray) and Cold Lake (163 kilometres to the south) were away from the fire zone. As a precaution, Kearl operated with minimal staff but maintained its output. Cold Lake continued to operate normally.

Imperial’s shares trade at 13.6 times its projected 2016 cash flow of $3.05 a share. However, rising output could drive that to $4.72 in 2017—even if oil stays low. The shares trade at 8.8 times that forecast.

Imperial Oil is still a buy.

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