NEXEN INC (NXY)
Loading...
Symbols:
NXY Forum Topics
- All Comments on NXY
- General Discussion on NXY
- Unconventional Energy Still Attractive - UBS [view article]
- Seven Canadian Energy Stock Picks [view article]
- Wall Street Breakfast: Must-Know News [view article]
- RBC Upgrades Canadian Natural Resources; Downgrades Nexen [view article]
- An Alternative to America’s Gasoline Crisis [view article]
- Higher Oil and Natural Gas Forecasts Boost Ratings for Energy Producers [view article]
- UBS: Energy Producers to Benefit from Rising Oil Prices [view article]
- Filling Up on Natural Gas [view article]
- Under The Radar News - Friday [view article]
- Oil: Prices and Producers -- Where They're Headed [view article]
- Thursday's Energy Trader: Oil Says 'See Ya Later' [view article]
loading ...Recent NXY Articles
- Unconventional Energy Still Attractive - UBS
- Seven Canadian Energy Stock Picks
- Nexon: Despite Earnings Miss, News Is Not All Bad
- Wall Street Breakfast: Must-Know News
- RBC Upgrades Canadian Natural Resources; Downgrades Nexen
- An Alternative to America’s Gasoline Crisis
- Higher Oil and Natural Gas Forecasts Boost Ratings for Energy Producers
- UBS: Energy Producers to Benefit from Rising Oil Prices
- Filling Up on Natural Gas
- In Oil and Natural Gas, a Fed Day Can Make a Difference
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Unconventional Energy Still Attractive - UBS [view article]
AEB ... Very interesting comments ... I also checked your webpage. Nice clear and concise. I like your style of reporting. jegan Reply@yahoo.com
Unconventional Energy Still Attractive - UBS [view article]
I believe there's a big future in natural gas. What I've been waiting or, and I'm so far unaware of is a strong competitor in the methane capture market. We put enormous amounts of methane into the atmosphere and eventually a player will come to market with a series of cost-effective and readily scalable methane capture devices for municipal sewer and waste-disposal applications and when that happens that company is going to skyrocket almost as fast as Google. ReplySeven Canadian Energy Stock Picks [view article]
Right now some of the best Canadians are not listed on the NYSE. Go to the TSX and pick up a Gallieon, a Prospect Ex, an Ithaca etc. NYSE are the big caps and like toomuchgas said 'fully priced" at todays levels.The others are undervalued even today based on future production gains. Reply
Pursley
Unconventional Energy Still Attractive - UBS [view article]
Define unconventional. ReplyUnconventional Energy Still Attractive - UBS [view article]
Is that why BP has been paying billions for a 25% stake in CHK's deals. Short sided folks invest using todays numbers not taking into account what will happen when Russia cuts off Europe from fuel this winter and the growing likleyhood of Isreal dropping the mother lode on Iran. Fossil fuels are here for a long time and not getting cheaper to find and produce.On Sep 06 09:18 AM AEB wrote:
> UBS' opinion is typical of analysts who know very little about the
> reality of the oil and gas business. $9/Mcf is not valid since the
> average spot price was $7.30 (Henry Hub) this week and plunging.
> The average U.S. wellhead price fell $2.30 in August compared to
> July to $8.32/Mcf and it will be much lower for September.
>
> At these prices, none of the great shale plays are commercial. That
> is why Chesapeake has been having a fire sale on its leases in the
> Haynesville, Woodford and Fayetteville shales. Barnett Shale production
> in Q2 2008 had fallen 20% from Q3 2007 before the fall in gas prices
> because of perceived higher unit prices in Haynesville and Marcellus.
>
>
> If drilling and leasing in the shale plays declines as it should,
> gas prices may rise but it will take a few quarters before this is
> felt.
>
> As an industry insider, I like natural gas plays but there are hard
> times ahead for the companies involved in the shale plays. They paid
> too much for new leases and deals when gas prices were high (Plains
> paid $30,000/acre in the Haynesville!), and are using borrowed money
> to drill. They all have huge quarterly debt service and hedging losses
> so far in 2008 (Chesapeake's long-term debt was more than $13 billion
> before they started selling, and the company is only worth about
> $3.5 billion).
>
> So I hope UBS is right, but it's hard to see what they based their
> positive opinion on. Does anyone think there might be something in
> it for them if a lot of people buy gas company stocks through them
> based on their advice???? Reply
Unconventional Energy Still Attractive - UBS [view article]
AEB makes excellent points, but even with gas trying to hold in the 7's on the Hub (or bottoming at in the 6's), alot of companies earnings projections are based on an average of 8, so I wouldn't take the $7.30 last week as dispositive, plus not all E&P companies will end up hedging ineffectively as may be the case with CHK. That said, I think AEB is dead on with respect to the overpayment for leases/deals. So kudos to AEB for a great post on a rather weak article. ReplyUnconventional Energy Still Attractive - UBS [view article]
UBS' opinion is typical of analysts who know very little about the reality of the oil and gas business. $9/Mcf is not valid since the average spot price was $7.30 (Henry Hub) this week and plunging. The average U.S. wellhead price fell $2.30 in August compared to July to $8.32/Mcf and it will be much lower for September.At these prices, none of the great shale plays are commercial. That is why Chesapeake has been having a fire sale on its leases in the Haynesville, Woodford and Fayetteville shales. Barnett Shale production in Q2 2008 had fallen 20% from Q3 2007 before the fall in gas prices because of perceived higher unit prices in Haynesville and Marcellus.
If drilling and leasing in the shale plays declines as it should, gas prices may rise but it will take a few quarters before this is felt.
As an industry insider, I like natural gas plays but there are hard times ahead for the companies involved in the shale plays. They paid too much for new leases and deals when gas prices were high (Plains paid $30,000/acre in the Haynesville!), and are using borrowed money to drill. They all have huge quarterly debt service and hedging losses so far in 2008 (Chesapeake's long-term debt was more than $13 billion before they started selling, and the company is only worth about $3.5 billion).
So I hope UBS is right, but it's hard to see what they based their positive opinion on. Does anyone think there might be something in it for them if a lot of people buy gas company stocks through them based on their advice???? Reply
Seven Canadian Energy Stock Picks [view article]
listen to t. boone. "oil will be $200/bbl. at end of year" big new markets for oil and coal in china,india,etc. alternative energy a long way off and many road blocks. ReplySeven Canadian Energy Stock Picks [view article]
New downside target: WTI@$93-95.Further economic woes, CHIJ, hurricane losses will drive GDP into negative territory in 3rd qtr. This means further Demand Destruction ergo lower oil.
One thing to remember, International Sales may continue because of long lead times But International products and services are not priced in dollars overseas. Conversion to dollars will decimate these earnings. Lower commodity prices will hammer earnings in those sectors as well.
The weakness in the previously strong and really only supporting sectors of the S&P earnings forecasts has not yet started to be factored into future prospects.
See any more cockroaches? Open a few more lights. Reply
Seven Canadian Energy Stock Picks [view article]
I don't know why this site posts things twice! sorry! ReplySeven Canadian Energy Stock Picks [view article]
Own the Canroys to play Canada, large divs, proven production and reserves etc. I have owned since they Oct 06 massacre when SIFT crap started. HTE, AAV, PWE, PGH, recently added PVX w debt paydown from US asset sales and also own in my IRA OGF.UN, Brompton's manulife-managed basket of these. So I lose a little on the 15% tax in the IRA, bot at 5.62 US in 1/08 and it's paying .07/month or .84 yr.Bottom line, these are safe country assets with low transportation costs to hungry US markets. SUV sales are up with gas down, it's fall, people will be driving etc.
Canada is best play on oil. If these Canroys go down more or stay flat, will be take-over targets for sure by CN or US cos.
Reply
Seven Canadian Energy Stock Picks [view article]
Own the Canroys to play Canada, large divs, proven production and reserves etc. I have owned since they Oct 06 massacre when SIFT crap started. HTE, AAV, PWE, PGH, recently added PVX w debt paydown from US asset sales and also own in my IRA OGF.UN, Brompton's manulife-managed basket of these. So I lose a little on the 15% tax in the IRA, bot at 5.62 US in 1/08 and it's paying .07/month or .84 yr.Bottom line, these are safe country assets with low transportation costs to hungry US markets. SUV sales are up with gas down, it's fall, people will be driving etc.
Canada is best play on oil. If these Canroys go down more or stay flat, will be take-over targets for sure by CN or US cos.
Reply
Seven Canadian Energy Stock Picks [view article]
With the barrel of oil going down, I would think the "tar sands" would cut back on their dividend payout. I still have a lot invested in Canadian Oil, and I belive we cannot cut ourselves off of it. I'm glad to see the U.S. manufactors trying to produce more fuel efficent cars for our needs, and oil will always be a major player in whatever we produce in the U.S.. ReplySeven Canadian Energy Stock Picks [view article]
Check out BQI aka Oilsands Quest. Majorly undervalued and beaten by the shorts. One day it will come back like a beast. ReplySeven Canadian Energy Stock Picks [view article]
PCZ and HUSKF are undervalued, the rest are fairly valued at current oil and gas prices. Reply