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A fire at a Canadian Syncrude plant in March has caused the two oil companies to cut their synthetic crude production.
Canadian Minister of Natural Resources Joe Oliver says Canada welcomes SOEs in other areas so long as they pass the net-benefit test and natural security check.
Canadian Minister of Natural Resources Joe Oliver says the United States is currently Canada's only customer for gas exports and the country needs to diversify its markets.
Canadian Minister of Natural Resources Joe Oliver says the European Commission's fuel quality directive disadvantages Canada compared to European refiners, and doesn't reduce greenhouse gasses.
TheStreet Ratings group would like to highlight 5 stocks pushing the basic materials sector higher today, Feb. 12, 2013.
Nexen (NYSE:NXY) is trading at unusually high volume Tuesday with 36.2 million shares changing hands. It is currently at 3.8 times its average daily volume and trading up 55 cents (+2%).
Henry Schwartz of Trade Alert points out five stocks seeing bullish option flow, primarily in the form of unusually large opening purchases of out-of-the-money calls expiring within 90 days.
The protracted approval process for the CNOOC-Nexen deal will affect the way China acquires resource assets.
Nexen (NYSE:NXY) is trading at unusually high volume Friday with 17.8 million shares changing hands. It is currently at 2.4 times its average daily volume and trading down $3.07 (-12.2%).
The ex-dividend date for Nexen (NYSE:NXY) is tomorrow, December 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $24.57 as of 9:30 a.m., the dividend yield is 0.8%.
TheStreet Ratings group would like to highlight 5 stocks pushing the basic materials sector lower today, Dec. 4, 2012.
Nexen was a winner within the basic materials sector, rising 91 cents (3.9%) to $24.36 on average volume.
TheStreet Ratings group would like to highlight 5 stocks pushing the basic materials sector higher today, Nov. 9, 2012.
Nexen was a winner within the energy industry, rising 29 cents (1.2%) to $24.64 on light volume.
Canada blocks the Malaysian state-owned oil firm Petronas' $5.2 billion bid for gas producer Progress Energy Resources.
Against all economic sense, CNOOC's takeout offer could easily be stymied.
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