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Nexen Inc (NXY.TO)
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Nexen Inc (NXY.TO)

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DON'T BUY

Nexen Inc(NXY.TO)

Nov 18, 2008
A lot more attractively valued. A lot of paring back in the estimates. Cash flow for 2009 and 2010 is about $4.40. Balance sheet is not too bad. Production profile looks fairly good. There are others that are more attractively valued.
Photo of Michael SprungMichael Sprung
No
Unlock Rating
$18.76

Stock price when the opinion was issued

oilgas
COMMENT

Nexen Inc(NXY.TO)

Nov 14, 2008
Fabulous assets in Canada, Gulf of Mexico, Buzzard field and the UK and part of the new tar sands project Opti. Stock is very cheap. The problem is the commodity. With $80 oil you might see $25.
Photo of Josef SchachterJosef SchachterUnlock Rating
$18.30

Stock price when the opinion was issued

oilgas
COMMENT

Nexen Inc(NXY.TO)

Nov 11, 2008
Like all the other oil companies it has been absolutely decimated. Very good company and trading at amazingly low multiples with about 2X cash flow. A lot of non-Canadian operations in the Middle East of some concern. Could be a takeover candidate here.
Photo of Laura WallaceLaura Wallace
No
Unlock Rating
$17.95

Stock price when the opinion was issued

oilgas
COMMENT

Nexen Inc(NXY.TO)

Oct 30, 2008
Makes a lot of sense to buy now if you have a 5-year time frame. Oil will be a lot higher. They have had some production issues in the past. Numbers have been a little bit weaker but they do have a good asset base. Change in management is coming shortly.
Photo of Robert FloydRobert FloydUnlock Rating
$19.57

Stock price when the opinion was issued

oilgas
PAST TOP PICK

Nexen Inc(NXY.TO)

Oct 28, 2008
(A Top Pick June 27/08. Down 62%.) Knew there would be weakness but was picked for 2009 and thinks it is still a great opportunity. Natural gas might go lower in the next little while.
Photo of Peter GibsonPeter Gibson
Owned
Unlock Rating
$16.25

Stock price when the opinion was issued

oilgas
DON'T BUY

Nexen Inc(NXY.TO)

Oct 15, 2008
Good company but issues with where production is. Prefer Suncor.
Photo of Laura WallaceLaura Wallace
No
Unlock Rating
$14.80

Stock price when the opinion was issued

oilgas
HOLD

Nexen Inc(NXY.TO)

Sep 30, 2008
Production volumes low due to hurricane. When you have mega projects you DO have mega-problems and that has to be allowed for when looking at these companies.
Photo of Gordon Higgins, CA, MBAGordon Higgins, CA, MBAUnlock Rating
$24.70

Stock price when the opinion was issued

oilgas
HOLD

Nexen Inc(NXY.TO)

Sep 26, 2008
Fundamentals are good and it is only down because of fears in the market. Good for the long-term.
Photo of David CockfieldDavid CockfieldUnlock Rating
$24.89

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Sep 23, 2008
Has a lot of positives. Montney exposure, Long Lake is starting up this month and a North Sea discovery. Prefers Encana(ECA-T) and CNQ (CNQ-T). Not a bad entry point.
Photo of Michael DecterMichael Decter
No
Unlock Rating
$26.50

Stock price when the opinion was issued

oilgas
COMMENT

Nexen Inc(NXY.TO)

Sep 09, 2008
Long-term, oil is not a bad area of the market to be in. An investment in this would offer a pretty good reward over the next 2 to 3 years. Speculation in oil on the upside has now come out. Price to cash flow is 3.5 times, which is very reasonable.
Photo of Lyle SteinLyle SteinUnlock Rating
$26.19

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Sep 02, 2008
Has a 50% interest in the Longview SAGD project with an upgrader facility. Undervalued.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
No
Unlock Rating
$30.68

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Aug 29, 2008
Loves the stock. 92% chance of outperforming the market. 37% ROE and rising at a rapid rate. Well sourced. One of only 8 companies out of 69 that have such good sourcing and profit growth. Also likes the sector.
Photo of Peter GibsonPeter Gibson
Owned
Unlock Rating
$33.28

Stock price when the opinion was issued

oilgas
BUY

Nexen Inc(NXY.TO)

Aug 29, 2008
A bit of a “show me” stock right now. They have to get the Long Lake project going. One of the cheapest oil companies in Canada. Fundamentally it is going to do really well this coming year. Excellent production growth.
Photo of Steve CarlinSteve Carlin
Owned
Unlock Rating
$33.28

Stock price when the opinion was issued

oilgas
PARTIAL BUY

Nexen Inc(NXY.TO)

Jul 23, 2008
Last quarterly report was a little disappointing. Some of their production numbers where a little weaker than expected. As well, there was a weak energy price. Think it’s getting a little bit overdone on the down side but it could still come down little bit more before it finally starts to base out. Would be tempted to add a little bit.
Photo of Robert FloydRobert FloydUnlock Rating
$30.85

Stock price when the opinion was issued

oilgas
BUY ON WEAKNESS

Nexen Inc(NXY.TO)

Jul 18, 2008
Oil driven. 50% ownership of Opti Canada (OPC-T), which is starting production and is one of the real benefits of owning it. A large part of their production comes out of the North Sea. Try to buy in the $30 range.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.Unlock Rating
$34.05

Stock price when the opinion was issued

oilgas
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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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