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

NXY down for 7 straight days...

[downwithdotcom1]

..back to a $3.50 spread.....some big money goin' to be made (or lost)...dwdc

[ferret_ca]

ya, it's sure trading like somebody knows something the rest of us don't. not looking good for the deal according to the market. the only other plausible explanation imho is, hedge funds teachers etc. bailing  to buy other cheap stocks with all the tax loss selling going on. lots of good deals now, tempted to sell some nxy for other purchases. i still think the deal goes thru. also

[wdr2]

Won't be the last to bail. wdr2

[ferret_ca]

i think even if the deal doesn't go thru, you'll do ok in the long run. i think they'll break it up and sell it in pieces if this deal fails. lots of pieces should fall into place with nexen in the next year or so, long lake shold ramp up with the newer richer pods, usan is producing, north sea in good shape, and more production in gulf of mexico, plus the nat gas in ne b.c. cheers

[downwithdotcom1]

now down to new lows of the day. almost a $4 spread... BNN has been running a story that the PMO's office is writing the new rules for state owned take-overs..AND THEIR HISTORY OF KEEPING NEWS SECRET HAS BEEN A DISASTER. remember the trust issue and the sell-off shortly before the news was annouced ???  dwdc

[mrbb]

i did mention in my nov 16 post that many expected some news on the deal last week but it didn't happen.  Possibly some view this as negative outlook, got skittish and bail out. It's true past gov't negotiation have been leaky. I too ask myself have the gov't learned from past mistake? 

[mrbb]

ferret, if this deal doesnt go thru, this would suppress many other oil&gas share values, and canada as a whole is gonna lose even more than just this nexen-cnooc deal.  Many O&G juniors and weaks that are hoping for new capital infusion would be in the dump for years. U now see juniors are merging to form a bigger and dividend paying entities in order to attract new capital, to buy a

[wdr2]

Junior O AND G companies have been in the dump for the last few years,and we know what Diefenbaker said about poles,"there for dogs".Do you really want the Chinese Communist Government dictating what happens in Canada .I sure don't.Money isn't everything except for the greedy who have short, make a dime philosophy.How about made in Canada instead of make in China.   wdr2