Nexen Inc Second Most Active on TSX, no News Today

By Staff,

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Nexen Inc (NXY.TO) is the second most active on the TSX at midday, with more than 3.3 million shares changing hands.

The company announced no news today, but last week reported that it had reached two significant milestones in its plan to fill the Long Lake upgrader to capacity. "We recently began steaming pad 12 on the Long Lake lease. Additionally, we have received the necessary regulatory approvals to proceed with the development of pads 14 and 15 at Long Lake and the Kinosis 1A area. The wells on these pads are located in high-quality resource areas."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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