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11/9/12Taconic Capital Advisors Buys Nexen, Sells Coca-Cola & AIG (

Taconic Capital Advisors, founded by Frank Brosens, has its top five holdings in BP plc (NYSE:BP), which makes up 26.4 percent, General Motors Company (NYSE:GM) holds 13.7 percent, Nexen Inc. (NYSE:NXY) equals 10 percent, CIT Group Inc. (NYSE:CIT) has 8.2 percent, and WPX Energy Inc (NYSE:WPX) makes up 6.65 percent. The firm has huge exposure [...]

10/26/12CNOOC & Nexen To Go Through, Despite Rejection Of Petronas-Progress (

There is speculation that Canadian Oil and Gas Producer, Nexen Inc. (NYSE:NXY)'s proposed $15.1 billion takeover by China's CNOOC Limited (NYSE:CEO) is likely to fall through, amid government interference. The Canadian government is known to be very protective of the nation's interests, and recently rejected Petronas' bid for Progress Energy, citing minimal net benefits to the [...]

9/20/12CNOOC’s $15.1B Takeover Bid Gets Approval Of Nexen Shareholders (Value Investing)

About 99 percent of Nexen Inc. (NYSE:NXY) shareholders have approved the $15.1 billion takeover bid by CNOOC Limited (ADR) (NYSE:CEO), China's largest oil explorer. Nexen's takeover will be the biggest foreign acquisition by a Chinese firm. Barry Jackson, the non-executive chairman of the Calgary-based company, said that CNOOC offered to pay $27.50 per share on July [...]

9/20/12Nexen shareholders vote to approve $15.1-billion takeover offer from CNOOC (Penny Stock DD)

CALGARY - A takeover of Nexen Inc. by a Chinese company isn't the end for the Calgary-based oil and gas producer, but rather the start of a new chapter, interim chief executive Kevin Reinhart said Thursday as shareholders voted to approve the deal. Reinhart said China National Offshore Oil Company wants to [...]

7/24/12(NXY) Company News for July 24, 2012 – Corporate Summary (Stock Blog Hub)

•    Shares of Nexen Inc. (NYSE:NXY) surged 51.8% after it concluded an agreement with Cnooc Ltd as per which it will be acquired by the Chinese oil and gas company for $15.1billion in cash •    Halliburton Company (NYSE:HAL) reported second quarter earnings per share of $0.80, beating the Zacks Consensus Estimate of $0.75 •    Coca-Cola Enterprises Inc. [...]

7/23/12Europe Concerns Pummel Stock Market Today As This 50% Gainer Shines (Money Morning)

The stock market today opened with all three indexes down at least 1.5%. After what seemed like a reprieve from having the Eurozone debt crisis control the stock market, the worries have returned. Investors are selling on news that Spain might need more bailouts as its 10-year yield reaches a record high. The main concern is that bailouts will be needed not just for the banks, but for the entire nation and certain regions of the country. The yield on Spain's 10-year bond...

12/1/11(NXY) Nexen Inks Joint Venture with INPEX Corporation (Stock Blog Hub)

Canadian oil and gas company Nexen Inc. (NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets, it will still act as the operator. The divested stake [...]

5/9/112011-05-09 – puddles trades (Robert Weinstein Trading Blog)

9:56 SHORT NXY 23.56 STOP 23.66 TGT 23.36 - SPY choppy - NXY super weak - SPY started letting go so I took TGT early and split it.. bleh - out +0.16, back half b/e, dirty.. 9:58 LONG WLP 78.53 STOP 78.44 TGT 78.8 - On daily long watch - Strong from the open - out +0.26 10:11 SHORT RIMM 44.81 STOP 45.01 TGT 44.41 - Weak and at the lows - SPY bouncing [...]

10/25/10Puts Purchased on Nexen Inc. (NXY) (Benzinga)

Shares of Nexen Inc. (NYSE: NXY) are higher on the session by 1.47%, currently trading at $22.02. The stock has been moving largely lower over the past six months, but recently bounced off of $18.00 and has now rallied above the 200-day moving average. Options traders are buying puts on NXY today. A short while ago the December $20.00 put was purchased 1,600 times, on the offer, on open interest of 5,125 contracts. The Dec and March 2011 $17.50 puts are also active. Overall put volume...

9/20/10Puts Purchased on Nexen (NXY) (Benzinga)

Shares of Nexen Inc. (NYSE: NXY) are higher on the session by 0.86%, currently trading at $19.95. The stock has been moving solely lower over the past six months, off from recent highs near $26.50. Options traders are buying puts on the name today as well, perhaps as a hedge to long shares. A short while ago the December $20.00 put was purchased 1,200 times, on the offer, on open interest of 1,091 contracts. This signals new positioning on the NXY. Put volume is now running at 8.11x the...

5/23/10(NXY) Nexen to Sell Oil Assets in Western Canada to Northern Blizzard Resources (Stock Blog Hub)

Nexen Inc. (NXY) intends to sell non-core heavy oil properties in Western Canada to Northern Blizzard Resources Inc. The consideration for this transaction is approximately $975 million, before some adjustments. The properties in the question had proved reserves of 39 million barrels of oil equivalent (BOE) and produced an average of 16.1 thousand barrels of oil [...]

2/10/10(NXY) Nexen Updates as Long Lake Output Rises (Stock Blog Hub)

Nexen Inc. (NXY), a major Canadian oil and gas company, has provided its Long Lake projects update. Following the turnaround, which was completed late last year, steam production ramped up at an all time high of more than 105,000 barrels per day (bpd). As a result, the company is injecting more steam into more wells [...]

12/10/09(NXY) Nexen Inc Provides 2010 Outlook (Stock Blog Hub)

Nexen Inc. (NXY) plans to spend approximately C$2.5 billion (US$2.4 billion) on capital programs in 2010. Of this total, 72% will go towards its conventional development and exploration, 16% for the development of oil sands, 8% towards exploration and appraisal opportunities in shale gas and the rest 4% aims corporate, chemicals and others. Out of C$1.8 [...]

11/10/09(NXY) Nexen’s Earnings Report Falls Short of Estimates (Stock Blog Hub)

Nexen Inc. (NXY) reported third-quarter recurring earnings of 21 cents (23 Canadian cents) per share, below the Zacks Consensus Estimate of 27 cents and lasts year’s earnings of $1.62 (C$1.68). Production during the quarter, before royalties, averaged 214 thousand barrels of oil equivalent per day (MBOE/d), or 184 MBOE/d net of royalties, comprising 83% crude oil [...]

9/23/09(NXY) Nexen Inc Completes Drilling Program (Stock Blog Hub)

Alberta-based Nexen Inc. (NXY) recently completed three well drilling programs in the Dilly Creek area of the Horn River shale gas property. Following the success of its drilling program in the last two winters, the company now has five wells in this area. These wells currently produce 15 million to 20 million cubic feet per [...]

9/5/09(NXY) Nexen Starts Up New Production (Stock Blog Hub)

Alberta-based Nexen Inc. (NXY) is well-positioned for a solid growth as it continues with major developments in the U.K. North Sea, announcing the discovery of substantial additional resource and the start-up of new production. Following the successful development of the Buzzard project in 2007, Nexen’s Golden Eagle area in the U.K. North Sea is shaping up [...]

8/20/09(NXY) Nexen Oil Field Comes Online – debt-heavy balance sheet and substantial capital needs (Stock Blog Hub)

Nexen Inc. (NXY) has commenced its first oil production from the Ettrick field in Blocks 20/2a and 20/3a in the U.K. North Sea. In July 2006, U.K. authorities approved the Ettrick field development. Subsequently, six wells were drilled in this field. The field is being produced via Bluewater floating production, storage and offloading vessel (FPSO) Aoka [...]

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