Nexen: A relatively undiscovered gem - Joseph Lazzaro

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Nexen: A relatively undiscovered gem
Oct 27, 2009 02:30 PM UTC

Joseph Lazzaro

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Symbol	Sentiment	Start	Return	Closed
NXY		10/27/09	+7.72%	--

Via BloggingStocks:

Filed under: Stocks to Buy

Oil and natural gas company Nexen Inc.'s (NYSE: NXY) has not progressed as much as expected when first recommended on July 26, 2009 at a price of $20.76, but given the company's business model and oil market conditions, investors should look on the NXY's relatively low price as an extended opportunity to accumulate shares, hence I'm reiterating my Buy rating.

Nexen, an independent, Canada-based global energy company, explores, develops and produces crude oil, natural gas, and related products in the U.K. North Sea, U.S. Gulf of Mexico, Western Canada, Yemen, Colombia, offshore West Africa and Norway.

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Nexen: A relatively undiscovered gem originally appeared on BloggingStocks on Tue, 27 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

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