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Nexen, Inc. (NXY) [hlAlert]

down 30.37 %

Nexen, Inc. (NXY) rated Overweight by Lehman Brothers

Posted on: Wednesday,  May 14, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Nexen, Inc. (NYSE: NXY) on 05/14/2008, when the stock price was $39.37. Since
then, Nexen, Inc. has lost 30.38% as of 02/25/2016's recent price of $27.41.
If you would have followed this Lehman Brothers's recommendation on NXY, you would have lost 30.37% of your investment in 2843 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/14/2008 8:25 AM Buy
as of 12/24/2008
1 Week down  -0.70 %
1 Month up  15.18 %
3 Months up  36.74 %
1 YTD down  -49.70 %

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