Nexen NXY

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    1. UPDATE 1-Trafigura to buy Nexen's third-party oil leasing business in Canada

      Headlines

      Fri, 17 Apr 2015

      CALGARY, Alberta, April 17 (Reuters) - Swiss trading firm Trafigura will buy Nexen Energy's third-party oil lease business in Western Canada, Trafigura said on Friday, but did not disclose the...

    2. Trafigura to buy Nexen's third-party oil leasing business in Canada

      Headlines

      Fri, 17 Apr 2015

      CALGARY, Alberta, April 17 (Reuters) - Swiss trading firm Trafigura will buy Nexen Energy's third-party oil lease business in Western Canada, Trafigura said on Friday but did not disclose the...

    3. 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

    4. 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

    5. 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

    6. 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

    7. 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

    8. Canadian and European Assets Shined While CNOOC's Domestic Output Struggled to Growth in 1Q

      Commentary

      Mon, 28 Apr 2014

      which showed 6.9% and 15.5% year-over-year increases in revenue and net oil and gas production, respectively. Nexen ’s Canadian and European assets contributed the majority of growth in the first quarter as CNOOC’s domestic production

    9. Higher Cost and Lower Bohai Production Dragged on CNOOC's 2013 Earnings

      Commentary

      Thu, 3 Apr 2014

      operational improvement. Our fair value estimate is unchanged. The Nexen acquisition largely disported CNOOC’s 327% reserve replacement ratio in 2013. Nevertheless, if we remove the effect of Nexen , CNOOC’s pace of replacing reserves slowed to 119% in

    10. CNOOC Reports Disappointing 2014 Production Guidance, but Long-Term Growth Profile Remains Unchanged

      Commentary

      Tue, 21 Jan 2014

      the company would miss its average annual growth target of 6%-10% for 2011-2015. Excluding production contribution from Nexen (2012 acquisition), management expects production to fall between 338 million and 348 million BOE in 2014, a mere 4.3

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