2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

-0.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cogito Ergo Sum who wrote (92832)	7/24/2012 1:10:41 PM
From: elmatador	Read Replies (1) of 217752

Created by combining two Canadian units of Occidental Petroleum in 1971, Nexen has long been plagued by falls in its production, profits and share prices. Before the takeover announcement, its shares traded at about 58 percent of their 2008 high. Last year, its profit fell 37 percent, to $697 million, over the previous year. Nexen's relationship with Cnooc initially developed because of one of its many problems. The Chinese company last year took over OPTI Canada, Nexen's bankrupt partner in an oil sands joint venture, paying $2.1 billion for its 35 percent holding. That project, at Long Lake, Alberta, has been troubled by production delays and problems. Analysts at Nomura criticized the deal as "value-destructive," pointing to potential difficulties of extracting oil from Nexen's international holdings. China bids $15B for Canada oil producer startribune.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next