NYSE:NXY.P.B - Post by User
Post by
syncrudeon Feb 02, 2006 2:09pm
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Post# 10296480
CIBC says $2.64 Cashflow Q4
CIBC says $2.64 Cashflow Q4"For Nexen, our $85.00 per share target is in line with our NAV and
represents 8.4x estimated 2006 CFPS of $10.13"
to me, NXY needs to complete Syncrude Stage 3 expansion (Q2), Buzzard (Q3-Q4), Long Lake Oilsand (2007) & maybe announce a second well offsetting their Gulf of Mexico Discovery (600 feet net pay; 25% w.i.) Cashflow in Q4 will be whatever... but hopefully, CIBC will err on the low side? I just want to hear Black Horse was successful (North Sea) & development has the green light (it could come down to Dry Holes versus Discoveries)