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Nexen Inc (NXY.TO)

Nexen Inc (NXY.TO)

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BUY

Nexen Inc(NXY.TO)

Sep 28, 2009
Classic value play. Inexpensive on cash flow metrics, etc because they typically disappoint on production and earnings guidance 3 times out of 4. They are cheap enough that you can buy but they have had some issues. Could be some weakness in the short term.
Photo of John StephensonJohn StephensonUnlock Rating
$24.75

Stock price when the opinion was issued

oilgas
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COMMENT

Nexen Inc(NXY.TO)

Sep 24, 2009
NXY Cheap stock as execution has been particularly disappointing. There have been reserved write-downs in the Gulf of Mexico and a host of other problems including an 80% cost overrun on the Long Lake asset. Would Buy on deep pullbacks and sell on the rumours of a takeout.
Photo of Mason GrangerMason Granger
No
Unlock Rating
$24.44

Stock price when the opinion was issued

oilgas
BUY ON WEAKNESS

Nexen Inc(NXY.TO)

Sep 24, 2009
Was moving in a fairly tight range of $19-$22, broke out of that with a very strong move but are now starting to see a pullback. Old high of around $22 could be its support level and could then go to $25 or so. Wait for the market correction to buy at the support level.
Photo of Keith RichardsKeith RichardsUnlock Rating
$24.44

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Sep 22, 2009
Diverse portfolio. Now is not a bad time to accumulate. You have the benefit of a lower multiple.
Photo of Jennifer StevensonJennifer StevensonUnlock Rating
$25.54

Stock price when the opinion was issued

oilgas
HOLD

Nexen Inc(NXY.TO)

Sep 14, 2009
(Market Call Minute.) Not one of her top picks but also not a bottom pick.
Photo of Joanne A. Hruska, CFAJoanne A. Hruska, CFA
Owned
Unlock Rating
$24.56

Stock price when the opinion was issued

oilgas
HOLD

Nexen Inc(NXY.TO)

Sep 02, 2009
Has always been a lot of talk about them being acquired so she hopes that one day it will be. An overhang is the start-up of the joint venture with Opti Canada (OPC-T) oil sands project. Technical issues are resolvable but taking a long time so people are soured on it.
Photo of Veronika HirschVeronika Hirsch
Owned
Unlock Rating
$20.95

Stock price when the opinion was issued

oilgas
DON'T BUY

Nexen Inc(NXY.TO)

Aug 20, 2009
(Market Call Minute.) Thinks there are better places to put your money. Longer term they have a reasonable growth prospect.
Photo of Andrew CookAndrew CookUnlock Rating
$23.05

Stock price when the opinion was issued

oilgas
DON'T BUY

Nexen Inc(NXY.TO)

Jul 24, 2009
Doesn't see a lot of action going on in the stock. A lot of consolidation around $20. If you Buy have a Stop around $21.
Photo of Jeff Parent B. Eng. FCSI CIMJeff Parent B. Eng. FCSI CIM
No
Unlock Rating
$22.59

Stock price when the opinion was issued

oilgas
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BUY

Nexen Inc(NXY.TO)

Jul 17, 2009
2nd quarter profit tumbled 95%. The worst the numbers are and the less they deliver the better it is for the eventual takeover, which is what everybody is waiting for.
Photo of Veronika HirschVeronika Hirsch
Owned
Unlock Rating
$22.10

Stock price when the opinion was issued

oilgas
PARTIAL SELL

Nexen Inc(NXY.TO)

Jun 30, 2009
The biggest question would be Long Lake because that is their future for the next year. Long Lake has had a lot of surface issues with water. Upgrader is supposed to be operating 70,000 barrels a day but they can only get 18,000 out of the ground and it will take another year to get up to 70,000. If you own, she would recommend you take some profits as the acquirer Total has backed off.
Photo of Laura LauLaura LauUnlock Rating
$25.27

Stock price when the opinion was issued

oilgas
WEAK BUY

Nexen Inc(NXY.TO)

Jun 24, 2009
This is a Buy but there are better names in this space. (See his Top Picks.) Rumoured to be the next take-out candidate. Production has been a bit spotty but is improving. Long Lake has been a very poor reservoir thus far.
Photo of John StephensonJohn StephensonUnlock Rating
$23.59

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Jun 18, 2009
Good company. Considered buying but chose Canadian Natural Resources (CNQ-T) instead.
Photo of David BaskinDavid Baskin
No
Unlock Rating
$24.48

Stock price when the opinion was issued

oilgas
HOLD

Nexen Inc(NXY.TO)

Jun 10, 2009
Speculatively, it's potentially a takeout. Very good one to hold. Fully valued unless there is an escalation in oil prices.
Photo of Michael SmedleyMichael Smedley
Owned
Unlock Rating
$27.51

Stock price when the opinion was issued

oilgas
SELL

Nexen Inc(NXY.TO)

Jun 01, 2009
Buzzard is doing really well and the Gulf of Mexico is moving up but still trying to get back to where it was before hurricane Gustav. Now has 65% of Long Lake. If looking at it for an oil-focused play, it is starting to look more expensive than its peers so consider switching to something like Canadian Natural Resources (CNQ-T). Would look for $23 before buying.
Photo of Jennifer StevensonJennifer StevensonUnlock Rating
$28.13

Stock price when the opinion was issued

oilgas
COMMENT

Nexen Inc(NXY.TO)

Jun 01, 2009
Can be quite volatile so don't go over weight in these kinds of stocks. Currently commodities are priced for a 2nd half recovery. If the 2nd half doesn't turn out to be what you hoped, this will probably retrace.
Photo of Steven ConvilleSteven Conville
No
Unlock Rating
$28.13

Stock price when the opinion was issued

oilgas
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