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Nexen Inc (NXY.TO)

DON'T BUY
Balance sheet is not as strong as some of the others. Not one of his favourites.
DON'T BUY
Currently heading down and he could see it going down to $20 quiet easily and maybe some sideways motion at that point. He would look to buy if it broke above $21 afterwards.
DON'T BUY
Has broken its long-term downtrend and is starting to move up to its resistance line. At the same time, MACD has been rolling over. This is not a favourable chart.
WAIT
Recovering form lows of the year. Wait for it to pull back. Fact that it didn’t re-test November lows in March indicates it is a very strong stock.
BUY
There is some organic growth potential. There’s no control block out there. Will more likely be acquired than make an acquisition.
TOP PICK
Likes oil and thinks it eventually goes to $75 by year-end. Company has good growth in the Gulf of Mexico and North Sea and a cheap valuation. Smaller company and by far the most likely to be taken over in M & A activity.
COMMENT
Opti Canada (OPC-T) and Nexen (NXY-T) are in partnership on an oil sands project in Alberta. Project has been bereft with problems in terms of getting production up to speed and getting costs in line. Has been a lot of speculative money coming in, particularly with Opti, in the last couple of weeks.
BUY ON WEAKNESS
(Market Call Minute.)
HOLD
Has quite a rapid ROE decline at this stage. Wouldn't be his first choice.
PARTIAL SELL
Every month or two, the next rumour comes around and she has been able to trade around this. Now getting to the point where she is slowly taking profits. Trading range is $20-$25.
BUY
(Market Call Minute.) A defensive stock for this environment.
BUY
(Market Call Minute.) Oil prices are going higher so this will too.
HOLD
Really cheap, but every 2 weeks there seems to be a takeover rumour. Hasn't really performed soul has been disappointing but hard to overlook how inexpensive it is.
COMMENT
See comments under Energy. This company is getting into that position as well.
COMMENT
Quite favourable on their sustainability activities. Have participated in reporting on their carbon emissions and taking steps to reduce it.
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