This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nexen Management Discusses Q2 2012 Results - Earnings Call Transcript

Nexen (NXY)

Q2 2012 Earnings Call

July 19, 2012 9:00 am ET


Janet Craig - Vice President of Investor Relations

Kevin J. Reinhart - Chief Executive Officer, Interim President and Director

Una M. Power - Interim Chief Financial Officer and Senior Vice President of Corporate Planning & Business Development


George Toriola - UBS Investment Bank, Research Division

Katherine Lucas Minyard - JP Morgan Chase & Co, Research Division

Menno Hulshof - TD Securities Equity Research

Philip R. Skolnick - Canaccord Genuity, Research Division

Arjun N. Murti - Goldman Sachs Group Inc., Research Division

Greg M. Pardy - RBC Capital Markets, LLC, Research Division

Andrew Potter - CIBC World Markets Inc., Research Division

Robert Bellinski - Morningstar Inc., Research Division

Kam S. Sandhar - Peters & Co. Limited, Research Division

Mark Polak - Scotiabank Global Banking and Market, Research Division

Kyle Preston - National Bank Financial, Inc., Research Division



Good morning, ladies and gentlemen. Welcome to Nexen's Second Quarter 2012 Conference Call. I would now like to turn the meeting over to Janet Craig, Nexen's Vice President of Investor Relations. Please go ahead, Ms. Craig.

Janet Craig

Thank you, Sarah. As a reminder, some of our comments today will be forward-looking in nature. Our earnings release provides more information about these statements and our AIF describes our various risk factors. We have a few slides that supplement our disclosure again this quarter. They are available on our website. You do not require them to follow our remarks this morning.

In a moment, I'm going to turn the call over to Kevin Reinhart, Nexen's Interim President and CEO. Joining him is Una Power, our Interim CFO. Kevin will provide an update on our operation results and progress against our strategic priorities, and then Una will provide some comments on the financial results. Kevin and Una will then be available to answer questions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs