Nexen, Inc. (NY: NXY)
Last Price  /  Updated: 6:40 PM EST, Feb 26, 2013  /  Add to My Watchlist      
(NXY) Community Analysis from
Related Wikinvest articles
April 20, 2014
(, 11/9/12)
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,...(read more)
(, 10/26/12)
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...(read more)
(Penny Stock DD, 9/20/12)
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...(read more)
Nexen (NXY) Company Overview

Calgary, Alberta-based Nexen Inc. (NXY) is a major Canadian oil and gas company with exploration and production operations in Canada, the U.S. Gulf of Mexico, North Sea (U.K.), Yemen, Nigeria, and other areas. In addition to conventional oil and gas E&P operations, the company owns a 7.23% interest in the Syncrude joint venture in Northern Alberta, which develops and produces synthetic crude oil. Nexen monetized its chemical assets in 2005 through the creation and IPO of an income trust (Canexus Income Fund), in which the company still has a 61% stake. Nexen's chemical assets included the manufacturing and distribution of industrial chemicals, such as sodium chlorate and chlor-alkali products.

As of year-end 2006, Nexen had approximately 1,281 million oil-equivalent barrels (MMBOE) in proved plus probable (2P) oil and gas reserves (including bitumen), approximately 57% of which were in the proved category. Convention oil and gas reserves stood at 479 MMBOE at the end of the year, of which approximately 25% was located in Canada. The major areas where the rest of its conventional proved reserves are located include the U.K. North Sea (38% of the total), the U.S. (15%), and Yemen (14%). Nexen also had approximately 246 million barrels of bitumen reserves in its oil sands operations.

(Read more at Wikinvest )

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here