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Nexen's Gulf find boosts shares

http://www.cbc.ca/news/ -- Calgary-based oil and gas producer Nexen Inc. said Friday it has made a "significant" oil discovery in the eastern Gulf of Mexico

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Submitted Mar 19, 2010 By: Mooseman1

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SBlouch Champion Author San Antonio Posts:6,891 Points:1,471,855 Joined:Apr 2007	Message Posted: Mar 19, 2010 8:54:27 PM Ignore SBlouch Report Abuse So there has been a "significant" oil discovery in the eastern Gulf of Mexico by Canada. I would rather have our neighbors up North to us find it than the Russians. The Obama administration isn't concerned with searching for new sources of oil as he wants to pass his Health Care Reform and other green energy reforms.
RobRD Champion Author Alberta Posts:3,828 Points:896,020 Joined:Jul 2007	Message Posted: Mar 19, 2010 8:52:35 PM Ignore RobRD Report Abuse Good for Nexen.
Jo120 Champion Author Arizona Posts:4,242 Points:1,475,330 Joined:Mar 2005	Message Posted: Mar 19, 2010 8:44:29 PM Ignore Jo120 Report Abuse So what;the price of gas keeps going up!
Focus2 Champion Author Illinois Posts:6,297 Points:1,630,480 Joined:Mar 2006	Message Posted: Mar 19, 2010 8:40:05 PM Ignore Focus2 Report Abuse There is lots of that nasty stuff if you can get someone to go after it.
danreino Champion Author Twin Cities Posts:6,275 Points:1,143,170 Joined:Mar 2008	Message Posted: Mar 19, 2010 8:36:01 PM Ignore danreino Report Abuse So when is a Florida based oil company going to begin drilling in the Canadian prairies ??
HawaiianGuy Champion Author Idaho Posts:7,176 Points:2,617,390 Joined:May 2003	Message Posted: Mar 19, 2010 8:33:06 PM Ignore HawaiianGuy Report Abuse I'd rather the Canucks go after it before the Russkies start drilling.
Zeke33 Champion Author New Hampshire Posts:3,867 Points:1,277,835 Joined:Sep 2005	Message Posted: Mar 19, 2010 8:31:59 PM Ignore Zeke33 Report Abuse If we didn't have abunch of Socialists running our country we could be doing the same thing.
Chris46 Champion Author Dayton Posts:17,130 Points:1,672,420 Joined:Sep 2005	Message Posted: Mar 19, 2010 8:30:34 PM Ignore Chris46 Report Abuse Is this International waters? I don't know what Canada is doing in the Gulf of Mexico anyway.
OGW Champion Author London Posts:3,342 Points:1,112,955 Joined:Sep 2005	Message Posted: Mar 19, 2010 8:20:58 PM Ignore OGW Report Abuse Why is it that Canadian oil companies can find oil anywhere in the world wherever they go or are they just that much better at their job than US oil companies?
jb107 Champion Author New Jersey Posts:7,213 Points:2,154,585 Joined:Sep 2005	Message Posted: Mar 19, 2010 8:17:17 PM Ignore jb107 Report Abuse Thats great but why couldn't we find it?
signwiz Champion Author Indiana Posts:1,395 Points:1,349,180 Joined:Feb 2006	Message Posted: Mar 19, 2010 8:15:57 PM Ignore signwiz Report Abuse Ka-ching$$$
Kamakani Champion Author Hawaii Posts:2,387 Points:953,325 Joined:Oct 2008	Message Posted: Mar 19, 2010 8:13:23 PM Ignore Kamakani Report Abuse Didn't we find that first?
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 19, 2010 8:11:00 PM Ignore jay4 Report Abuse Way to go, hosers, eh?
tc316 Champion Author Twin Cities Posts:7,735 Points:1,270,905 Joined:Apr 2007	Message Posted: Mar 19, 2010 8:01:51 PM Ignore tc316 Report Abuse More good news
phurburger Champion Author Atlanta Posts:2,555 Points:530,670 Joined:Oct 2005	Message Posted: Mar 19, 2010 8:01:13 PM Ignore phurburger Report Abuse Let's see, oil and gas is discovered in American waters and it's good news for Canada and Dutch companies, but not for America! Hunh.
SpaceAce5 Veteran Author South Dakota Posts:300 Points:68,195 Joined:Feb 2010	Message Posted: Mar 19, 2010 7:42:59 PM Ignore SpaceAce5 Report Abuse if only this stock was in my portfolio
bell05 Champion Author Atlanta Posts:6,874 Points:1,408,635 Joined:Jun 2005	Message Posted: Mar 19, 2010 7:41:27 PM Ignore bell05 Report Abuse Bring it on.
djgunrunner Champion Author Salt Lake City Posts:7,591 Points:1,887,920 Joined:Apr 2005	Message Posted: Mar 19, 2010 7:40:31 PM Ignore djgunrunner Report Abuse Good, the more the merrier especially when it is at home.
hangupanddrive Champion Author Michigan Posts:2,076 Points:1,217,700 Joined:Aug 2005	Message Posted: Mar 19, 2010 7:25:15 PM Ignore hangupanddrive Report Abuse Nice for the discovery, but it will take years to gain it as a source.
ottodrommo Champion Author Wichita Posts:2,961 Points:647,235 Joined:Jun 2005	Message Posted: Mar 19, 2010 7:22:00 PM Ignore ottodrommo Report Abuse Another reason to raise prices
TXGasPriceSpy Champion Author Fort Worth Posts:5,322 Points:1,010,350 Joined:Sep 2008	Message Posted: Mar 19, 2010 7:19:33 PM Ignore TXGasPriceSpy Report Abuse The Gulf of Mexico is getting to be a busy place. This is not good.
PissedCanuck Champion Author Toronto Posts:5,138 Points:1,192,210 Joined:Nov 2006	Message Posted: Mar 19, 2010 7:16:15 PM Ignore PissedCanuck Report Abuse Unless everyone else decides to set-up shop in the same area, I doubt it, but every little bit helps.
Hangnail309 Champion Author Manitoba Posts:3,792 Points:1,230,555 Joined:Aug 2006	Message Posted: Mar 19, 2010 7:07:48 PM Ignore Hangnail309 Report Abuse but will this lower prices?
BBHybrid Champion Author Pittsburgh Posts:4,675 Points:932,235 Joined:Aug 2008	Message Posted: Mar 19, 2010 6:58:32 PM Ignore BBHybrid Report Abuse price at the pump just keeps going up
RobertSpratt Champion Author Virginia Beach Posts:2,607 Points:595,585 Joined:Jul 2007	Message Posted: Mar 19, 2010 6:57:22 PM Ignore RobertSpratt Report Abuse If it lowers rices then I am all for it.
NavyStore Champion Author Seattle Posts:3,768 Points:1,658,815 Joined:Aug 2005	Message Posted: Mar 19, 2010 6:56:51 PM Ignore NavyStore Report Abuse Maybe you should do some research behind the article before you make comments like that...
uptherefiners Champion Author Chicago Posts:3,313 Points:682,045 Joined:Jun 2006	Message Posted: Mar 19, 2010 6:56:01 PM Ignore uptherefiners Report Abuse hey you canuckleheads, get out of our Gulf of Mexico...signed, the USA
rippertoo Champion Author Tacoma Posts:3,406 Points:678,510 Joined:Jan 2010	Message Posted: Mar 19, 2010 6:50:23 PM Ignore rippertoo Report Abuse More totally useless oil that will not mean anything in the BIG PICTURE.
mplato Champion Author Columbia Posts:5,982 Points:1,364,170 Joined:Jun 2004	Message Posted: Mar 19, 2010 6:44:01 PM Ignore mplato Report Abuse everyone but American companies....because we are afraid we are going to find more than any other country. get the government out of our business.
thriftymeCA Sophomore Author Oakland Posts:127 Points:31,075 Joined:Feb 2010	Message Posted: Mar 19, 2010 6:40:58 PM Ignore thriftymeCA Report Abuse Who does Nexen sell their oil to? Does any come to the US to be refined and sold?
beachbumCA Champion Author Riverside Posts:10,459 Points:1,206,350 Joined:May 2008	Message Posted: Mar 19, 2010 6:40:53 PM Ignore beachbumCA Report Abuse More good news.
heysailor Champion Author Pittsburgh Posts:7,231 Points:1,867,135 Joined:Mar 2006	Message Posted: Mar 19, 2010 6:33:13 PM Ignore heysailor Report Abuse Yeah, not from oil sands or shale. Wonder why they were looking there?
LeeFree Champion Author Pittsburgh Posts:6,824 Points:1,783,000 Joined:Jun 2005	Message Posted: Mar 19, 2010 6:27:58 PM Ignore LeeFree Report Abuse Wow! An oil discovery in the Gulf of Mexico? Who'd a guessed?
pliskin Champion Author Syracuse Posts:4,363 Points:1,347,095 Joined:Apr 2005	Message Posted: Mar 19, 2010 6:25:38 PM Ignore pliskin Report Abuse I can't imagine this will change anything. The next paragraph is a little off this subject but to same end which is little will come from any of this for any of us when it is all said and done. Pres. Obama gave Brazil's Petrobras $2 billion + to develop their off shore drilling last year and now they can't handle that, either. Of course his friend, and his main contributor, George Soros is the main owner of the company. By the way Petrobras just happens to be the world's eighth biggest global oil company.
SSchmidty Champion Author Illinois Posts:6,953 Points:1,323,635 Joined:Mar 2008	Message Posted: Mar 19, 2010 6:25:03 PM Ignore SSchmidty Report Abuse Great, what a special place for ... hurricanes to feast on man's folly, again and again!
methaneman Champion Author Minnesota Posts:1,787 Points:1,093,050 Joined:May 2002	Message Posted: Mar 19, 2010 6:24:47 PM Ignore methaneman Report Abuse We should get to pumping oil from our region and not worry about opec. Prices should come down for all of us and it will keep the money in North America.
mvosevich Champion Author St. Louis Posts:5,453 Points:1,108,165 Joined:Aug 2004	Message Posted: Mar 19, 2010 6:20:24 PM Ignore mvosevich Report Abuse Bad news for OPEC. Amazing how positive news like this has no effect on prices but any negative rumor or speculation sends the prices through the roof. Total BS!!!!
knot2swift Champion Author Calgary Posts:2,433 Points:413,335 Joined:Nov 2009	Message Posted: Mar 19, 2010 6:16:32 PM Ignore knot2swift Report Abuse Well, they got 12 years to get at it before the Atlantic starts producing high hurricane seasons again...LMAO
texasvet Champion Author Texas Posts:2,315 Points:261,900 Joined:Jul 2009	Message Posted: Mar 19, 2010 6:14:43 PM Ignore texasvet Report Abuse These big finds just keep popping up. Makes life hard for the "end of the oil world" doomcryers.
WilW Champion Author Atlanta Posts:9,859 Points:2,210,785 Joined:Aug 2004	Message Posted: Mar 19, 2010 6:13:41 PM Ignore WilW Report Abuse Cool..but will this lower prices?
DellMan Champion Author Omaha Posts:1,917 Points:442,925 Joined:Apr 2008	Message Posted: Mar 19, 2010 6:13:39 PM Ignore DellMan Report Abuse What is the big deal about anther oil find if the governments won't let you drill?
divebomber Champion Author Nebraska Posts:3,709 Points:1,344,340 Joined:Jun 2007	Message Posted: Mar 19, 2010 6:11:20 PM Ignore divebomber Report Abuse Bravo!
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 19, 2010 6:09:20 PM Ignore ops3 Report Abuse Good. Pump it!
lowtidedakine Sophomore Author Hawaii Posts:114 Points:64,920 Joined:Mar 2010	Message Posted: Mar 19, 2010 6:08:28 PM Ignore lowtidedakine Report Abuse Quite a greasy topic
Savingqueen Rookie Author Vancouver Posts:10 Points:3,915 Joined:Mar 2010	Message Posted: Mar 19, 2010 6:07:58 PM Ignore Savingqueen Report Abuse Great, more money for them
snofog All-Star Author Seattle Posts:623 Points:92,655 Joined:Jan 2010	Message Posted: Mar 19, 2010 6:06:46 PM Ignore snofog Report Abuse Well
filcut All-Star Author Anchorage Posts:840 Points:985,005 Joined:Jun 2005	Message Posted: Mar 19, 2010 6:06:37 PM Ignore filcut Report Abuse Thar's oil in them waters... go get it!
96sc1 Champion Author El Paso Posts:7,440 Points:1,142,330 Joined:Mar 2008	Message Posted: Mar 19, 2010 6:05:15 PM Ignore 96sc1 Report Abuse If bad news results in negative posts, why doesn't good news result in positive posts?
AtascaderoHound All-Star Author California Posts:558 Points:588,935 Joined:Oct 2006	Message Posted: Mar 19, 2010 6:04:55 PM Ignore AtascaderoHound Report Abuse The question to ask is why are we obsessed with looking for oil instead of moving beyond a limited diminishing product to alternatives?
VetteFan Champion Author Indiana Posts:7,399 Points:1,566,580 Joined:Aug 2005	Message Posted: Mar 19, 2010 6:04:25 PM Ignore VetteFan Report Abuse Just how big a find will it actually be? It will take years to begin pumping and the price will have to be at least what it is now per barrel to make the effort worth while. Bring on a GOOD alternative to fossil fuels.