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Nexen Inc (NXY.TO)

HOLD
He owns and likes it but wait another quarter or a dollar or two down as the entry point.
COMMENT
Good company. Large global asset base. Good to own stocks with international exposure outside of Canada.
BUY
Fell off because 1st quarter was not as good as expected in the Buzzard field and 2nd quarter had delays at Long Lake with their partner Opti Canada (OPC-T). Expects very strong production growth, mainly from Buzzard, on the order of 37%-38% over the next 12 months. Trades at a significant discount to NAV.
WAIT
Oil sands stocks have suffered because of proposed Alberta increases in royalties. Until there is a definitive response by the government, there is going to be a cloud of uncertainty.
DON'T BUY
Main problem is they keep disappointing with delays at their Long Lake assets. 3X book value looks fairly expensive to him.
BUY
This one was close to being his Top Pick. His model price is $36.90, a positive 28% differential. He feels the bottom is around $27.70. Earnings estimates have been coming off but not enough to warrant any big concerns.
BUY
Present price represents very good value. It is trading as though oil was $80.
TOP PICK
Very attractive valuation. You're getting it at a discount to its net asset value. Very strong production growth, especially out of the North Sea, and expect it will continue to grow.
COMMENT
Way below the 200 day moving average. Feels it is severely oversold. Doesn't feel crude oil will do much for a long time so this may be a speculative type of purchase. Getting close to its 52-week low. When you hit your first 52-week low, you can be pretty sure you will get another one.
BUY
Has been hit hard. Likes the story. Cash flow is growing. Their Buzzard project is on. Their heavy oil project Opti is coming on next year. Could be a takeover candidate.
TOP PICK
A value stock. Cheap. Trading at about 35% discount to NAV. Good production growth in the order of 30% to 35% this year.
BUY
Trades in line with the other oil companies. Not a bad buy at this price.
BUY
Has come off during this market turmoil. Good price. Some offshore exposure, which is a good attribute.
DON'T BUY
Energy has been in a bear since 2005. If the market does become a bull in energy, he doesn't think there will be a lot of upside.
BUY
An oily international senior. Probably the most likely senior to be taken over.
Showing 151 to 165 of 294 entries