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The shares of oil/natural gas company Nexen Inc. (NXY), first discussed here on June 26, 2010 at a price of $20.76, have broken out of a trading range, and appear to be headed for higher ground.
Oil/natural gas company Nexen Inc.'s (NXY) is a play that's not for the squeamish; with the aforementioned publicized, I'm reiterating my buy rating for the company's shares, first recommended on July 26, 2009 at a price of $20.76. Oil and natural gas company Nexen Inc.'s (NYSE: NXY) has not progressed as much as expected when first recommended on July 26, 2009 at a price of $20.76, but given the company's business model and oil market conditions, investors should look on the NXY's relatively low price as an extended opportunity to accumulate shares, hence I'm reiterating my Buy rating.
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