Here's Why Hold Strategy is Apt for Imperial Oil Stock Now

Imperial Oil Limited (IMO) has experienced a notable 3.3% increase in its share price over the past year, outperforming the broader oil and energy sector, which saw a decline of 7.2%. The company has also outpaced its competitors within the Canadian Oil and Gas Exploration and Production sub-industry, with Cenovus Energy Inc. (CVE) and Canadian Natural Resources Limited (CNQ) reporting declines of 32.5% and 19.8%, respectively, during the same time. Such relative strength naturally leads investors to ask: I ...