PAST TOP PICK

(A Top Pick Oct 25/12. Up 19.61% as at Feb 28/13 when it was taken over.) Had bought this when the deal was brought into question by the government and he had felt very strongly that it was not a national asset and the government would give approval.

oil / gas

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PAST TOP PICK

(A Top Pick Nov 1/12. Up 16.7%.) Acquisition got approved and that was a big win for his investors.

oil / gas
PAST TOP PICK

(A Top Pick Oct 25/12. Up 19.61%.) Acquired.

oil / gas
HOLD

Application for a takeover by the Chinese company CNOOC has been made. Price is not at the takeover price as there could always be something happening that would affect the deal. Not very likely in this case, but the Americans did not like the deal.

oil / gas
COMMENT

CNOOC deal was approved by the government. Feels that for the net benefit of Canada, despite having become such a political issue, it was absolutely the right decision. The amount of capital requirement for oil Sands, tight oil and feedstock for West Coast LNG is absolutely humongous so we need companies like this to come in. There are some concerns that we need to pay special attention to but it was an absolutely great and proper decision for the oil patch.

oil / gas
HOLD

Still a big spread on offer vs. actual price. Deadline is Monday. He thinks it will go through and that the spread is perhaps large. Risk arbitrage is for professionals but he stays out of that game.

oil / gas
TOP PICK

This is his Special Situation pick as he didn’t buy because higher production growth or lower costs. It’s more a bet on that the deal will go through. Has recently been hurt by the rejection by the Canadian government of a takeover. Only 30% of its production is in Canada so it is not strategic to the country. It might drag out a little bit. Thinks the review will be extended.

oil / gas
COMMENT

At this level you have about $3.50 upside or $3 downside if the deal doesn’t go through. Very tough call. Would probably be aggressively buying it today if it was around $14. He probably would be more biased to the upside that the deal goes through but as each week goes on will be getting more information and better decisions can be made.

oil / gas
TOP PICK

This is reasonably risky. Expects deal will be consummated.

oil / gas
TOP PICK

Chinese are looking to acquire this and he thinks it is a reasonably high risk treasury bill. Has an annualized return of about 30% from where he bought it. It gives him US$’s which is what he wants to have in December in order to buy US equities. Doesn’t think the government is going to turn the deal down. 25% of their assets are in Canada and everything else is international.

oil / gas
SELL

CNOOC is making an offer to acquire at $27.50. If you own, he would sell this and move your money into one of his Top Picks tonight.

oil / gas
DON'T BUY

Confident deal will get done. NXY has really under performed and has not had assets that have been managed very well. Went up markedly on the news of the joint venture. You will not see much out of it for the foreseeable future.

oil / gas
BUY

(Market Call Minute) $2 in it. Thinks deal will go through.

oil / gas
WATCH
Owned in the past. Had two better quarters in a row. Wait another couple of quarters of just assuring people that new management has it right. He may take a look at it again.
oil / gas
DON'T BUY
Have had problems because on Long Lake. Yemen is over as well. Very cheap on the metrics but outside of the new project that just came on in offshore Nigeria, there is really no sexy sizzle to this story. Cheap but can always stay cheap.
oil / gas
Showing 1 to 15 of 294 entries

Nexen Inc(NXY-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Nexen Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nexen Inc(NXY-T) Frequently Asked Questions

What is Nexen Inc stock symbol?

Nexen Inc is a OTC stock, trading under the symbol NXY-T on the (). It is usually referred to as or NXY-T

Is Nexen Inc a buy or a sell?

In the last year, there was no coverage of Nexen Inc published on Stockchase.

Is Nexen Inc a good investment or a top pick?

Nexen Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Nexen Inc.

Why is Nexen Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Nexen Inc worth watching?

0 stock analysts on Stockchase covered Nexen Inc In the last year. It is a trending stock that is worth watching.

What is Nexen Inc stock price?

On , Nexen Inc (NXY-T) stock closed at a price of $.