Gimme Credit: Nexen Has Good Growth Potential [View article]
I agree. I don't own it but there's a lot to like about NXY. First, I think production will really ramp up in the second half of the year due to completion of a lot of projects. American investors seem to have forgotten what a growth company looks like. $1.5bn is a pittance for a company of this size. In America, when a company borrows money like that for a share buy back, nobody bats an eye but God help you if you borrow it to EXPAND PRODUCTION! haha
Also, of the CA producers, IMO NXY is the most likely to be like an Exxon. They have a pretty diverse asset base. I think I just talked myself into buying it.
Gimme Credit: Nexen Has Good Growth Potential [View article]
Also, of the CA producers, IMO NXY is the most likely to be like an Exxon. They have a pretty diverse asset base. I think I just talked myself into buying it.