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Nexen, Inc. (NXY) [hlAlert]

Rating:
Buy NXY
down 7.83 %

Nexen, Inc. (NXY) rated Buy by Canaccord Adams

Posted on: Monday,  Mar 31, 2008  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Nexen, Inc. (NYSE: NXY) on 03/31/2008, when the stock price was $29.74. Since
then, Nexen, Inc. has lost 7.83% as of 02/25/2016's recent price of $27.41.
If you would have followed this Canaccord Adams's recommendation on NXY, you would have lost 7.83% of your investment in 2887 days.

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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/31/2008 11:25 AM Buy
None
29.74
as of 12/24/2008
1 Week down  -0.70 %
1 Month up  15.18 %
3 Months up  36.74 %
1 YTD down  -33.42 %

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