Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Energy Oil & Gas E&P


NYSE:NXY.P.B - Post by User

Nexen Inc. 7.35% Sub Notes 2043
Bullboard Posts
User Avatar Image
(7)
•••
Post by winafewon Jan 16, 2011 1:17pm
591 Views
Post# 17980294

Reasons for Price Move?

Reasons for Price Move?I've been wondering about the reasons for the uptick in prices lately  and found these:

1.  https://business.financialpost.com/2011/01/10/nexen-top-oil-pick-at-jpmorgan/

2.  A report in the Edmonton Journal, says that the price move is related to the fact that North Sea Brent hit $99/ bbl.  35% of Nexen's total production comes from the North Sea (so the report says)

3.  I had also thought it might also be related to the opening of the Chinese Sovereign Wealth fund setting up an office in Toronto.  If the Chinese are looking to buy Oil and Gas assets, Nexen has always been rumoured to be in play.

Continuing high oil price and being close to break even at Long Lake also doesn't hurt.  If oil price stay high, earnings should be pretty good for the coming qtrs.  More upside to come?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities

Stockhouse Logo
Support
Legal
Follow Us
Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. Financial Market Data powered by Refinitiv. All rights reserved. Quotes and other data delayed by 15 minutes for NYSE/AMEX/NASDAQ, 20 minutes for TSX/TSX-V unless otherwise indicated. Google Play and the Google Play logo are trademarks of Google Inc. The Apple logo and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries.