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Innovative International Oil and Gas Stock
Name: Nexen Inc.
Location: Calgary, Alberta
Website: www.nexeninc.com
Symbol: nxy.to
Description: 

Nexen is a Canadian-based, global energy company on a mission to grow value responsibly. Nexen is strategically positioned in some of the world's most exciting regions: the North Sea, deep-water Gulf of Mexico, Middle East, offshore West Africa and the Canadian Athabasca oil sands.

Nexen has approximately 5 billion barrels of bitumen resource on 214,000 net acres in the Athasbasca region, and plans to continue acquiring more acreage. In 2004, they sanctioned commercial development of Phase 1, at Long Lake, which is expected to develop approximately 10% of their total bitumen resource. They expect SAGD production on stream in late 2006 and upgrader start-up in 2007.

Nexen has begun planning Phase 2 and are looking ahead to future phases. Phase 2 will develop the southern portion of the Long Lake lease, known as Kinosis. Phases 3 and 4 are planned to develop jointly held lands at Cottonwood and Leismer. Each subsequent phase will leverage the knowledge and experience gained from successfully developing Long Lake and be similar in size and design to Long Lake. In total, Nexen expects to produce 120,000 bbls/d, net to us, of synthetic crude by 2016.

 

52 Week High: 68.10
52 Week Low: 29.53
P/E Ratio: 12.97
Earnings/Share (trailing 12 months): 4.43
Shares Outstanding: 261
Dividend Yield (%): 0.30
ANNUAL FINANCIALS(In $millions)Dec 31,2005
12 Months
C$
Dec 31,2004
12 Months
C$
Dec 31,2003
12 Months
C$
3 Yr. Growth Change
Revenue4,846,0003,670,0003,442,00017.27
EBIT1,044,0001,170,000848,00011.26
Net Income(loss)1,152,000793,000578,00036.59
EPS4.433.082.3438.43
Assets14,590,00012,383,0007,717,00030.53
Dividend/Share0.20.20.16
ROE (%)33.5132.0931.25
Employees3,2823,2472,875
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