Nexen Inc

$16.24 Outperform
Target: C$23.50
SymbolNXY.TO
ExchangeToronto
Trade Date-
Last Trade16.24
Change+0.18 - +1.12%
52-week Range14.20 - 23.67
Market Cap8.565B
Volume636322
Dividend Yield1.25
Price/Sales1.30
P/E Ratio10.02
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NXY: 4Q Results on Track; Moving to Outperform 2012-02-17
NXY: 2012 Production Guidance & NE BC Joint Venture - First Glance 2011-11-29
NXY: Nexen Gets a New Long Lake Dance Partner 2011-07-20
NXY: Reiterating Target and Rating Post 2Q Report 2011-07-15
NXY: Better than Expected Q2...but Guiding Down 2011-07-14
Nexen Inc. (Nexen) is an independent, Canada-based global energy company. It operates in two segments: Oil and Gas, and Energy Marketing. Nexen’s oil sands investments include interests in the Long Lake project and the Syncrude joint venture. The Company explores for, develops and produces crude oil, natural gas and related products worldwide.

In 2010, the Company added 101 million barrels of oil equivalent of proved reserves (107 after royalties), sold 36 million barrels of oil equivalent (30 after royalties) associated with its heavy oil properties and produced 89 million barrels of oil equivalent. In February 2011, the Company disposed of 62.7% investment in Canexus Limited Partnership and its subsidiaries (Canexus), which consisted of the Company’s Chemical business.
Nexen Halts Operations at Kakuna
Zacks.com - May 10, 2012
Calgary-based oil and gas producer Nexen Inc. (NXY - Analyst Report) has abandoned drilling operations in the Kakuna sub-salt exploration well situated on Green Canyon block 504 in the deepwater Gulf of Mexico.
Analysts turn bullish on Talisman, Nexen
Globe and Mail - May 10, 2012
Talisman Energy Inc. TLM-T shares sunk to fresh three-year lows this week, not an entirely surprising development given the miserable state of natural gas prices.
Nexen Says Buzzard Field Operates at 180000 Barrels a Day
BusinessWeek - May 10, 2012
By Aaron Clark on May 10, 2012 Nexen Inc. (NXY) is nearing full production levels at its Buzzard field in the UK North Sea after an unscheduled shutdown.
NEXEN INC : OIL FUTURES : Crude Edges Lower In Wake Of Inventory Data
4-traders - May 9, 2012
By Dan Strumpf Of US crude futures edged lower Wednesday, recovering from much steeper losses earlier in the day, in the wake of a mixed report on US oil inventories.
OIL FUTURES: Crude Edges Lower In Wake Of Inventory Data - Wall Street Journal
Canadian Stocks Drop for Fifth Day on Falling Commodities
BusinessWeek - May 8, 2012
By Joseph Ciolli on May 08, 2012 Canadian stocks fell for a fifth day after material and energy producers declined as Greece's political leaders struggled to form a government, fueling concern that austerity efforts in Europe will be derailed.
Cenovus Gives Safest Oil Sands Returns on Low-Cost Growth
Bloomberg - May 8, 2012
Cenovus Energy Inc. (CVE) had the best risk- adjusted returns among Canadian oil sands producers since it started trading 29 months ago, as the company controlled costs while expanding crude production.
US HOT STOCKS: EA, Rackspace, Mako Active In Late Trading
Wall Street Journal - May 7, 2012
US stocks were mixed Monday as the Dow Jones Industrial Average slipped 30 points to 13009, the Standard & Poor's 500-stock index edged up 0.5 point to 1370 and the Nasdaq Composite gained 1.4 points to 2958.
US HOT STOCKS: Vertex, AIG, Cognizant, Georgia Gulf
Wall Street Journal - May 7, 2012
US stocks traded mixed Monday as the Dow Jones Industrial Average recently slipped 11 points to 13027, the Standard & Poor's 500-stock index rose 2.3 points to 1371, and the Nasdaq Composite gained 6 points to 2962.
Canada hot stocks: Inmet, Thompson Creek, NuVista
MarketWatch - May 7, 2012
Among the companies whose shares are making notable moves in Monday's session are Inmet Mining Corp. IMN.T, Thompson Creek Metals Co.
Nexen Shares Enter Oversold Territory
Forbes - May 7, 2012
In trading on Monday, shares of Nexen Inc. (NYSE: NXY) entered into oversold territory, changing hands as low as $17.32 per share.