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Southeast Asia Will Drive Oil PoliticsPeter Pham • Mon, Mar 18 -
PR Newswire (Feb 26, 2013)
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PR Newswire (Feb 25, 2013)
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Billionaire Paul Singer's Top Stock PicksInsider Monkey • Mon, Feb 25 -
PR Newswire (Feb 25, 2013)
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Billionaire John Paulson's Top Stock PicksInsider Monkey • Thu, Feb 21
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PR Newswire (Feb 12, 2013)
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PR Newswire (Jan 27, 2013)
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PR Newswire (Jan 4, 2013)
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Nexen Misses BadlyZacks Investment Research • Fri, Apr 29, 2011 -
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Nexen Offers Production Guidance for 2011Zacks Investment Research • Thu, Nov 18, 2010
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Nexen Beats ComfortablyZacks Investment Research • Fri, Jul 16, 2010
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Nexen Unloads Heavy Oil AssetsStreetwise Blog • Thu, May 20, 2010 -
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Nexen Plans over $2 Billion in Capital Expenses in 2010Zacks Investment Research • Thu, Dec 10, 2009
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Nexen to Shed Canexus StakeStreetwise Blog • Wed, Dec 9, 2009
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Nexen Hopes Productivity Problems Won't Affect ValuationsFP Trading Desk • Mon, Dec 1, 2008 -
Nexon: Despite Earnings Miss, News Is Not All BadFP Trading Desk • Mon, Jul 21, 2008
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Southeast Asia Will Drive Oil PoliticsPeter Pham • Mon, Mar 18
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Billionaire Paul Singer's Top Stock PicksInsider Monkey • Mon, Feb 25
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Billionaire John Paulson's Top Stock PicksInsider Monkey • Thu, Feb 21
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Nexen Management Discusses Q2 2012 Results - Earnings Call TranscriptThu, Jul 19, 2012
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Nexen CEO Discusses Q3 2010 Results - Earnings Call TranscriptFri, Oct 29, 2010
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Nexen Inc. Q2 2010 Earnings Conference CallThu, Jul 15, 2010
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Nexen Inc. Q1 2010 Earnings Conference Call TranscriptTue, Apr 27, 2010
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Nexen Inc. Q2 2008 Earnings Call TranscriptThu, Jul 17, 2008
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NEXEN INC. Q3 2007 Earnings Call TranscriptThu, Oct 25, 2007
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PR Newswire (Feb 26, 2013)
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PR Newswire (Feb 25, 2013)
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PR Newswire (Feb 25, 2013)
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at MarketWatch.com (Feb 14, 2013)
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PR Newswire (Feb 12, 2013)
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PR Newswire (Jan 27, 2013)
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PR Newswire (Jan 4, 2013)
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at MarketWatch.com (Dec 24, 2012)
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at MarketWatch.com (Dec 11, 2012)
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at MarketWatch.com (Dec 10, 2012)
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at MarketWatch.com (Dec 10, 2012)
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at CNBC.com (Dec 10, 2012)
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at MarketWatch.com (Dec 10, 2012)
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PR Newswire (Dec 8, 2012)
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at CNBC.com (Dec 7, 2012)
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at MarketWatch.com (Dec 7, 2012)
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at MarketWatch.com (Dec 7, 2012)
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PR Newswire (Dec 3, 2012)
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at MarketWatch.com (Nov 3, 2012)
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at MarketWatch.com (Oct 24, 2012)
NXY vs. ETF Alternatives
Company Description
Nexen Inc. is an independent, Canadian-based, global energy company. We were formed in Canada in 1971 as Canadian Occidental Petroleum Ltd. when Occidental Petroleum Corporation combined their Canadian crude oil, natural gas, sulphur and chemical operations into one company.
In the 1970s, we... More
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- | On the move
- Tuesday, November 13, 2012, 3:18 PM The Chinese government is treating its role in potential takeovers (I, II) of Canadian companies Nexen (NXY) and Viterra (VTRAF.PK) separately, and is not linking them to exert pressure to approve a deal between China's Cnooc (CEO) and Nexen, Canada's agriculture minister says: "One is an investment into their country... The other is an investment into Canada." Comment! [Commodities, Energy, M&A, Global & FX]
- Tuesday, November 6, 2012, 4:52 PM A top legislator in Canada's ruling Conservative Party makes public his fierce opposition to Cnooc's (CEO) $15.1B bid for Nexen (NXY), underlining the political challenges facing the government as it studies the takeover. The comments from James Bezan, chair of the House of Commons national defense committee, are among the harshest attacks any Conservative has launched on the bid. Comment! [Energy, M&A, Global & FX]
- Sunday, November 4, 2012, 3:02 AM Canada has again lengthened its review of Cnooc's (CEO) $15.1B bid to buy Nexen (NXY) by a month, this time to December 10. The extension provides the government with extra time to formulate guidelines for dealing with foreign acquisitions of Canadian companies, which it wants to announce at the same time as its ruling on Nexen. Meanwhile, PM Stephen Harper has indicated that Canada would block foreign takeovers if other countries aren't open enough to Canadian investment. 1 Comment [Global & FX, M&A, Energy]
- Monday, October 29, 2012, 5:14 AM Petronas intends to renew its C$5.17B ($5.2B) acquisition of Progress Energy (PRQNF.PK), Reuters reports, and is assessing the steps it needs to take to assure Canada's government that the deal would provide a "net benefit" to the country. Canada blocked the deal on the grounds it wouldn't, although sources say that approving the deal would tie the government's hands over CNOOC's (CEO) $15.1B bid for Nexen (NXY). Comment! [M&A, Energy, Top Stories]
- Thursday, October 25, 2012, 5:52 AM Nexen (NXY): Q3 EPS of $0.11 misses by $0.03. Revenue of $1.5B (+7.19% Y/Y) beats by $90M. (PR) Comment! [Earnings, Energy]
- Wednesday, October 24, 2012, 11:26 AM Analysts still believe Cnooc's (CEO) deal for Nexen (NXY) will go through, Bloomberg reports, even as the Canadian government reminds foreign acquirers of its power to quash takeovers. “Canada has the resources and needs money, plus the prime minister's focus on China as "Canada’s next energy market" equals optimism that the deal gets done. 1 Comment [Energy, Global & FX]
- Tuesday, October 23, 2012, 8:29 AM Canada plans to ask China to allow several transactions in exchange for approval of Cnooc’s (CEO) $15.1B bid for Nexen (NXY), Bloomberg reports. The list of deals by Canadian companies in China underscores that reciprocity will be part of foreign investment policies PM Stephen Harper’s government will release soon. Comment! [Energy, M&A, Global & FX]
- Monday, October 22, 2012, 11:36 AM Canada’s decision to block Petronas’ bid for Progress Energy is spooking investors in Nexen (NXY -5.5%), which awaits word on the $15B bid from China’s Cnooc (CEO). But UBS still thinks NXY's chances of success are better because operating cash flow, capital expenditures and reserve base “are not entirely Canadian,” and Cnooc, unlike Petronas, is publicly traded, and thus more transparent. Comment! [Energy, M&A, Global & FX, On the Move]
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Monday, October 22, 2012, 9:10 AM
Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
Losers: OSG -50%. NXY -7%. Comment! [On the Move] - Monday, October 22, 2012, 8:04 AM Nexen (NXY) shares -10% premarket following Canada's decision to nix the Petronas/Progress Energy deal over the weekend. Opportunity? "You've got to look at each deal on its own," writes Michael Babad, suggesting the government could see the Cnoonc/Nexen takeover in a different light than other recent high-profile rejections. 2 Comments [Energy, On the Move, M&A]
- Saturday, October 20, 2012, 9:42 AM The Canadian government late last night blocked Malaysia's Petronas' $5.2B bid for Progress Energy Resources (PRQNF.PK), raising doubts over the fate of Cnooc's (CEO) acquisition of Nexen (NXY). Most had originally expected smooth sailing for the Petronas bid, but after the Cnooc move (and now Exxon/Celtic), perhaps the government has to at least say "no" to one. 9 Comments [Energy, M&A, Global & FX, Top Stories]
- Friday, October 19, 2012, 2:59 PM The Canadian government’s deadline for reviewing the proposed $6B takeover of Progress Energy Resources (PRQNF.PK) by Malaysia’s Petronas ends today. Observers will be looking for signals about the government’s thinking on Chinese firm Cnooc’s (CEO) much larger - and much more controversial - deal to buy Nexen (NXY). Comment! [Energy, Global & FX]
- Thursday, October 11, 2012, 10:53 AM The Canadian government extends its review of Cnooc’s (CEO +3.4%) planned takeover of Nexen (NXY +0.6%) by 30 days and suggests another extension may follow. PM Stephen Harper’s government is reviewing the bid under Canada’s foreign takeover law, which specifies transactions must have a "net benefit" for the country in order to win approval. Comment! [Energy, M&A, On the Move]
- Friday, October 5, 2012, 4:16 AM Canadian PM Stephen Harper yesterday said Cnooc's (CEO) $15.1B bid for Nexen (NXY) "raises a range of difficult policy questions," but noted that "Canada is a significant investor in other parts of the world." Harper's comments come after the opposition New Democratic Party urged the government to block the deal. Comment! [Top Stories, M&A, Energy]
- Thursday, October 4, 2012, 3:46 PM Canada's main opposition party calls for the rejection of Cnooc's (CEO) planned takeover of Nexen (NXY), saying the nature of the review process offers no assurances the deal would benefit Canada. The New Democratic Party lacks the power to block the deal, but an aggressive opposition campaign could have an impact; until now, the NDP has stopped short of opposing the deal outright. 2 Comments [Energy, M&A]
- Wednesday, October 3, 2012, 11:34 AM Alberta Premier Alison Redford reportedly has asked Canada's federal government to impose tougher conditions on management makeup and workforce levels in Cnooc's (CEO) proposed takeover of Nexen (NXY) before approving the transaction. Alberta’s push may be an attempt to shield the province should a slump in energy prices encourage Cnooc to change its plans. Comment! [Energy, M&A, Global & FX]
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Seraphim Blentzas
Jan 2012: Canadian Natural leads all CDN oil gas companies in reserves and production http://bit.ly/wAlDdw CNQ SU IMO HUSKF.PK TLM NXY - View all 1 replies
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Alex Rasmussen
I'm looking at some natural gas plays - Nexen (NXY) has a favourable mix and trades at gas valuations - View all 2 replies
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Seraphim Blentzas
Cenovus (CVE), Talisman (TLM), Nexen (NXY), (ECA). Valuation decline doesn't match growth in revenue, production http://bit.ly/wn6xIX - View all 0 replies
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Seraphim Blentzas
Talisman (TLM) Nexen (NXY) may be takeover targets due to low valuation affected by 26-month low natural gas prices http://bit.ly/A1dhE2 - View all 0 replies
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The Wall Street Transcript
An Overall Ratings Upgrade for Oil & Gas Equities; Analyst Discusses $NBL, $NFX, $NXY, $OXY,$PBR, $PXD, $TLM, $XOM - http://su.pr/2c60Xc - View all 0 replies
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Oil and Gas Investments Bulletin
Nexen (NXY-T, NXY-NYSE) trades the lowest cash flow multiple for the senior producers-at 5.6x and 4.5x for 2011 and 2012-MACQUARIE - View all 0 replies
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Joe Kunkle
Nexen ($NXY) traded a 3,000 contract bull call spread, June $22.50/$25 for $0.80, betting on a 10% move higher in shares. $CALL - View all 0 replies
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David White
NXY owns 20% (Shell 80%) of big new oil discovery in the Eastern Gulf of Mexico. 425ft of oil play. - View all 0 replies
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