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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:4,705 Points:1,015,760 Joined:Apr 2007	Message Posted: Mar 19, 2010 7:54:27 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 7:52:35 PM Ignore RobRD Report Abuse Good for Nexen.
Jo120 Champion Author Arizona Posts:3,344 Points:1,290,075 Joined:Mar 2005	Message Posted: Mar 19, 2010 7:44:29 PM Ignore Jo120 Report Abuse So what;the price of gas keeps going up!
Focus2 Champion Author Illinois Posts:3,917 Points:1,185,735 Joined:Mar 2006	Message Posted: Mar 19, 2010 7:40:05 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:3,627 Points:643,585 Joined:Mar 2008	Message Posted: Mar 19, 2010 7:36:01 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:4,420 Points:2,077,495 Joined:May 2003	Message Posted: Mar 19, 2010 7:33:06 PM Ignore HawaiianGuy Report Abuse I'd rather the Canucks go after it before the Russkies start drilling.
Zeke33 Champion Author New Hampshire Posts:2,735 Points:941,255 Joined:Sep 2005	Message Posted: Mar 19, 2010 7:31:59 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:10,696 Points:1,211,725 Joined:Sep 2005	Message Posted: Mar 19, 2010 7:30:34 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:1,200 Points:635,490 Joined:Sep 2005	Message Posted: Mar 19, 2010 7:20:58 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:4,503 Points:1,608,370 Joined:Sep 2005	Message Posted: Mar 19, 2010 7:17:17 PM Ignore jb107 Report Abuse Thats great but why couldn't we find it?
signwiz All-Star Author Indiana Posts:990 Points:903,505 Joined:Feb 2006	Message Posted: Mar 19, 2010 7:15:57 PM Ignore signwiz Report Abuse Ka-ching$$$
Kamakani Champion Author Hawaii Posts:1,792 Points:543,515 Joined:Oct 2008	Message Posted: Mar 19, 2010 7:13:23 PM Ignore Kamakani Report Abuse Didn't we find that first?
jay4 Champion Author Colorado Springs Posts:5,712 Points:1,310,975 Joined:Apr 2006	Message Posted: Mar 19, 2010 7:11:00 PM Ignore jay4 Report Abuse Way to go, hosers, eh?
tc316 Champion Author Twin Cities Posts:3,858 Points:748,885 Joined:Apr 2007	Message Posted: Mar 19, 2010 7:01:51 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 7:01:13 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:66,245 Joined:Feb 2010	Message Posted: Mar 19, 2010 6:42:59 PM Ignore SpaceAce5 Report Abuse if only this stock was in my portfolio
bell05 Champion Author Atlanta Posts:4,150 Points:866,580 Joined:Jun 2005	Message Posted: Mar 19, 2010 6:41:27 PM Ignore bell05 Report Abuse Bring it on.
djgunrunner Champion Author Salt Lake City Posts:4,623 Points:1,346,190 Joined:Apr 2005	Message Posted: Mar 19, 2010 6:40:31 PM Ignore djgunrunner Report Abuse Good, the more the merrier especially when it is at home.
hangupanddrive Champion Author Michigan Posts:1,816 Points:1,154,530 Joined:Aug 2005	Message Posted: Mar 19, 2010 6:25:15 PM Ignore hangupanddrive Report Abuse Nice for the discovery, but it will take years to gain it as a source.
otto_drommo All-Star Author Wichita Posts:854 Points:213,465 Joined:Jun 2005	Message Posted: Mar 19, 2010 6:22:00 PM Ignore otto_drommo Report Abuse Another reason to raise prices
TXGasPriceSpy Champion Author Fort Worth Posts:2,490 Points:465,895 Joined:Sep 2008	Message Posted: Mar 19, 2010 6:19:33 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:3,691 Points:790,265 Joined:Nov 2006	Message Posted: Mar 19, 2010 6:16:15 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:1,275 Points:721,735 Joined:Aug 2006	Message Posted: Mar 19, 2010 6:07:48 PM Ignore Hangnail309 Report Abuse but will this lower prices?
BBHybrid Champion Author Pittsburgh Posts:2,593 Points:522,205 Joined:Aug 2008	Message Posted: Mar 19, 2010 5:58:32 PM Ignore BBHybrid Report Abuse price at the pump just keeps going up
RobertSpratt All-Star Author Virginia Beach Posts:792 Points:234,245 Joined:Jul 2007	Message Posted: Mar 19, 2010 5:57:22 PM Ignore RobertSpratt Report Abuse If it lowers rices then I am all for it.
NavyStore Champion Author Seattle Posts:2,526 Points:1,148,785 Joined:Aug 2005	Message Posted: Mar 19, 2010 5:56:51 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:1,037 Points:240,705 Joined:Jun 2006	Message Posted: Mar 19, 2010 5:56:01 PM Ignore uptherefiners Report Abuse hey you canuckleheads, get out of our Gulf of Mexico...signed, the USA
rippertoo All-Star Author Tacoma Posts:608 Points:130,235 Joined:Jan 2010	Message Posted: Mar 19, 2010 5:50:23 PM Ignore rippertoo Report Abuse More totally useless oil that will not mean anything in the BIG PICTURE.
mplato Champion Author Columbia Posts:4,102 Points:988,780 Joined:Jun 2004	Message Posted: Mar 19, 2010 5:44:01 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 5:40:58 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:3,869 Points:729,870 Joined:May 2008	Message Posted: Mar 19, 2010 5:40:53 PM Ignore beachbumCA Report Abuse More good news.
heysailor Champion Author Pittsburgh Posts:4,470 Points:1,319,470 Joined:Mar 2006	Message Posted: Mar 19, 2010 5:33:13 PM Ignore heysailor Report Abuse Yeah, not from oil sands or shale. Wonder why they were looking there?
LeeFree Champion Author Pittsburgh Posts:4,205 Points:1,257,000 Joined:Jun 2005	Message Posted: Mar 19, 2010 5:27:58 PM Ignore LeeFree Report Abuse Wow! An oil discovery in the Gulf of Mexico? Who'd a guessed?
pliskin Champion Author Syracuse Posts:3,076 Points:942,705 Joined:Apr 2005	Message Posted: Mar 19, 2010 5:25:38 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:4,134 Points:784,395 Joined:Mar 2008	Message Posted: Mar 19, 2010 5:25:03 PM Ignore SSchmidty Report Abuse Great, what a special place for ... hurricanes to feast on man's folly, again and again!
methaneman All-Star Author Minnesota Posts:740 Points:768,075 Joined:May 2002	Message Posted: Mar 19, 2010 5:24:47 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:4,131 Points:836,005 Joined:Aug 2004	Message Posted: Mar 19, 2010 5:20:24 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 Veteran Author Calgary Posts:363 Points:111,065 Joined:Nov 2009	Message Posted: Mar 19, 2010 5:16:32 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:1,331 Points:151,705 Joined:Jul 2009	Message Posted: Mar 19, 2010 5:14:43 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:7,155 Points:1,691,065 Joined:Aug 2004	Message Posted: Mar 19, 2010 5:13:41 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 5:13:39 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:1,052 Points:808,005 Joined:Jun 2007	Message Posted: Mar 19, 2010 5:11:20 PM Ignore divebomber Report Abuse Bravo!
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 19, 2010 5:09:20 PM Ignore ops3 Report Abuse Good. Pump it!
lowtidedakine Sophomore Author Hawaii Posts:107 Points:55,230 Joined:Mar 2010	Message Posted: Mar 19, 2010 5:08:28 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 5:07:58 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 5:06:46 PM Ignore snofog Report Abuse Well
filcut Veteran Author Anchorage Posts:442 Points:565,895 Joined:Jun 2005	Message Posted: Mar 19, 2010 5:06:37 PM Ignore filcut Report Abuse Thar's oil in them waters... go get it!
96sc1 Champion Author El Paso Posts:5,395 Points:698,080 Joined:Mar 2008	Message Posted: Mar 19, 2010 5:05:15 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:557 Points:588,690 Joined:Oct 2006	Message Posted: Mar 19, 2010 5:04:55 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:4,681 Points:1,027,190 Joined:Aug 2005	Message Posted: Mar 19, 2010 5:04:25 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.