Nexen Inc. 7.35% Sub Notes 2043 NXY.P.B

Done deal !!!

[valueplaysonly]

Penn   West  is next.  announcement will  be  right after   this ones is green  lighted.  Penn  West  oversold   by 30  %  for a 4  %  miss on production  .  This allows a  big  "premium"  to be offerred   .  Will  be announced before year end.   Its hard to  not allow   one deal and allow some  others.      The big boys know they have  about a  one year windwo to make offers  before political winds change.  New  leader for  Liberals,   already  brash  NDP  leader,  and  more than  likely  Harper  will  step down  a  year vefore  his term is up.  The  acquiring  interests  knowv   that deals  must be acted upon quickly.   SU, ECA and  CNQ are too hot to  handle.  Penn  West offers   long   reservelight oil assets  and  is the dominant player in 4  of the  country's  biggest plays.