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Nexen, Inc. (NXY) [hlAlert]

Rating:
Neutral NXY

Nexen, Inc. (NXY) rated Neutral by JP Morgan

Posted on: Tuesday,  Jan 15, 2013  8:25 AM ET by JP Morgan

Nexen, Inc. (NYSE:
NXY) rated Neutral by JP Morgan.

Nexen Inc. (Nexen) is an independent, Canadian-based, global energy company. Nexen operates in four segments: oil and gas, syncrude, energy marketing and chemicals. The Company owns 7.23% of the Syncrude Joint Venture. Energy marketing includes its crude oil, natural gas, natural gas liquids and power marketing business in North America, Europe and Asia. Chemicals include operations in North America and Brazil that manufacture, market and distribute sodium chlorate, caustic soda and chlorine through the Canexus Limited Partnership. Nexen has oil and gas operations in the United Kingdom North Sea, United States Gulf of Mexico, Yemen and other international (Colombia, offshore West Africa and Norway). Nexen has a 7.23% participating interest in Syncrude. The Company?s marketing group sells third-party natural gas, crude oil, natural gas liquids and power in certain regional global markets. Nexen manufactures sodium chlorate and chlor-alkali products in Canada and Brazil.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2013 8:25 AM Hold
None
26.91
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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