Nexen NXY

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    1. CNOOC’s Strong 2014 Earnings Reaffirm Our Narrow Moat Rating

      Commentary

      Fri, 27 Mar 2015

      market, reducing costs remains essential to any positive earnings revisions going forward. With its ill-timed acquisition of Nexen , a high-cost Canadian oil sands producer purchased in 2013, we expect CNOOC to focus aggressively on cutting overhead expenses

    2. Alberta to pick new oil marketers by end-May after Nexen trading shutdown

      Headlines

      Tue, 24 Mar 2015

      CALGARY, Alberta, March 24 (Reuters) - The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman said on...

    3. CNOOC's Nexen closing down crude oil trading division - sources

      Headlines

      Mon, 23 Mar 2015

      CALGARY/NEW YORK (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.

    4. UPDATE 1-CNOOC's Nexen closing down crude oil trading division - sources

      Headlines

      Mon, 23 Mar 2015

      CALGARY/NEW YORK, March 23 (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, is closing its crude oil trading division following a round of job cuts announced last week, four...

    5. UPDATE 2-China-owned Nexen to cut 400 jobs in North America, UK

      Headlines

      Tue, 17 Mar 2015

      CALGARY, Alberta, March 17 (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices.

    6. BRIEF-Canada industry ministry says reviewing CNOOC Nexen job cuts

      Headlines

      Tue, 17 Mar 2015

      March 17 (Reuters) - Canada industry ministry says reviewing job cuts announced by CNOOC Ltd Nexen unit to ensure compliance with commitments made at takeover Further company coverage: (Reporting...

    7. Lower Midcycle Energy Prices Dent CNOOC's Prospects; Fair Value Lowered to HKD 12 Per Share

      Commentary

      Fri, 13 Mar 2015

      States, our expectation of rig activity, and our projection of future gas consumption. While CNOOC's ill time purchase of Nexen will result in costly asset writedowns in the near term, its long-run prospects remain bright as it has a monopoly over China

    8. Higher Estate Taxes: Bad Idea

      Headlines

      Tue, 3 Mar 2015

      Pharmaceuticals ANPI ANP $5.58 Fairfax Financial Holdings FFH FFH $180.00 Compton Petroleum CMZ CMT $9.69 Nexen NXY NXY $26.19 Talisman Energy TLM TLM $16.37 Enbridge ENB ENB $32.38

    9. CNOOC Plans to Slash Capex by 30% but Still Expects 10%-15% Production Growth in 2015

      Commentary

      Wed, 4 Feb 2015

      three structural trends that underpin CNOOC's future operating strategy. First, because of the pricey 2013 acquisition of Nexen (a higher-cost Canadian oil sands producer), the company's asset quality, debt servicing capacity, and liquidity have

    10. CNOOC's 1H Results a Mixed Bag, But Overall Oil and Gas Production Tracking Ahead of Guidance

      Commentary

      Fri, 29 Aug 2014

      progress at the overseas operations, where its Canadian unit Nexen is on track to deliver midteen production growth compared with ..... Because incremental oil and gas production will come from Nexen and other overseas operations, where production costs are higher

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