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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (13890)	11/28/1998 5:43:00 AM
From: Kerm Yerman	Read Replies (4) of 15196

IN THE NEWS / Imperial Oil climbs 5 pct on Exxon-Mobil news Shares of Exxon Corp.'s (XON.N) Canadian affiliate Imperial Oil Ltd. (IMO.TO) climbed another 5 percent early on Friday after Exxon and Mobil Corp. (MOB.N) confirmed they were in talks regarding a possible megamerger. Shares fell back at the closing, but still up C$0.40 to C$27.90 on turnover of 431,500 shares in Toronto on Friday. Analysts have speculated that Imperial, 69.6-percent owned by Irving, Texas based Exxon, would buy Mobil's wholly owned Canadian affiliate for cash within the context of the larger worldwide deal.

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