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GasBuddy News Article

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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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REPLIES (newest first)
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SBlouch
Champion Author San Antonio

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Message Posted: Mar 19, 2010 7:54:27 PM

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.
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RobRD
Champion Author Alberta

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Message Posted: Mar 19, 2010 7:52:35 PM

Good for Nexen.
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Jo120
Champion Author Arizona

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Message Posted: Mar 19, 2010 7:44:29 PM

So what;the price of gas keeps going up!
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Focus2
Champion Author Illinois

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Message Posted: Mar 19, 2010 7:40:05 PM

There is lots of that nasty stuff if you can get someone to go after it.
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danreino
Champion Author Twin Cities

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Message Posted: Mar 19, 2010 7:36:01 PM

So when is a Florida based oil company going to begin drilling in the Canadian prairies ??
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HawaiianGuy
Champion Author Idaho

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Message Posted: Mar 19, 2010 7:33:06 PM

I'd rather the Canucks go after it before the Russkies start drilling.
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Zeke33
Champion Author New Hampshire

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Message Posted: Mar 19, 2010 7:31:59 PM

If we didn't have abunch of Socialists running our country we could be doing the same thing.
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Chris46
Champion Author Dayton

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Message Posted: Mar 19, 2010 7:30:34 PM

Is this International waters? I don't know what Canada is doing in the Gulf of Mexico anyway.
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OGW
Champion Author London

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Message Posted: Mar 19, 2010 7:20:58 PM

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?
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jb107
Champion Author New Jersey

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Message Posted: Mar 19, 2010 7:17:17 PM

Thats great but why couldn't we find it?
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signwiz
All-Star Author Indiana

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Message Posted: Mar 19, 2010 7:15:57 PM

Ka-ching$$$
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Kamakani
Champion Author Hawaii

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Message Posted: Mar 19, 2010 7:13:23 PM

Didn't we find that first?
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jay4
Champion Author Colorado Springs

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Message Posted: Mar 19, 2010 7:11:00 PM

Way to go, hosers, eh?
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tc316
Champion Author Twin Cities

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Message Posted: Mar 19, 2010 7:01:51 PM

More good news
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phurburger
Champion Author Atlanta

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Message Posted: Mar 19, 2010 7:01:13 PM

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.
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SpaceAce5
Veteran Author South Dakota

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Message Posted: Mar 19, 2010 6:42:59 PM

if only this stock was in my portfolio
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bell05
Champion Author Atlanta

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Message Posted: Mar 19, 2010 6:41:27 PM

Bring it on.
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Mar 19, 2010 6:40:31 PM

Good, the more the merrier especially when it is at home.
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hangupanddrive
Champion Author Michigan

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Message Posted: Mar 19, 2010 6:25:15 PM

Nice for the discovery, but it will take years to gain it as a source.
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otto_drommo
All-Star Author Wichita

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Message Posted: Mar 19, 2010 6:22:00 PM

Another reason to raise prices
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TXGasPriceSpy
Champion Author Fort Worth

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Message Posted: Mar 19, 2010 6:19:33 PM

The Gulf of Mexico is getting to be a busy place. This is not good.
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PissedCanuck
Champion Author Toronto

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Message Posted: Mar 19, 2010 6:16:15 PM

Unless everyone else decides to set-up shop in the same area, I doubt it, but every little bit helps.
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Hangnail309
Champion Author Manitoba

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Message Posted: Mar 19, 2010 6:07:48 PM

but will this lower prices?
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BBHybrid
Champion Author Pittsburgh

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Message Posted: Mar 19, 2010 5:58:32 PM

price at the pump just keeps going up
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RobertSpratt
All-Star Author Virginia Beach

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Message Posted: Mar 19, 2010 5:57:22 PM

If it lowers rices then I am all for it.
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NavyStore
Champion Author Seattle

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Message Posted: Mar 19, 2010 5:56:51 PM

Maybe you should do some research behind the article before you make comments like that...
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uptherefiners
Champion Author Chicago

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Message Posted: Mar 19, 2010 5:56:01 PM

hey you canuckleheads, get out of our Gulf of Mexico...signed, the USA
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rippertoo
All-Star Author Tacoma

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Message Posted: Mar 19, 2010 5:50:23 PM

More totally useless oil that will not mean anything in the BIG PICTURE.
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mplato
Champion Author Columbia

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Message Posted: Mar 19, 2010 5:44:01 PM

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.
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thriftymeCA
Sophomore Author Oakland

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Message Posted: Mar 19, 2010 5:40:58 PM

Who does Nexen sell their oil to? Does any come to the US to be refined and sold?
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beachbumCA
Champion Author Riverside

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Message Posted: Mar 19, 2010 5:40:53 PM

More good news.
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heysailor
Champion Author Pittsburgh

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Message Posted: Mar 19, 2010 5:33:13 PM

Yeah, not from oil sands or shale. Wonder why they were looking there?
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LeeFree
Champion Author Pittsburgh

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Message Posted: Mar 19, 2010 5:27:58 PM

Wow! An oil discovery in the Gulf of Mexico? Who'd a guessed?
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pliskin
Champion Author Syracuse

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Message Posted: Mar 19, 2010 5:25:38 PM

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.
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SSchmidty
Champion Author Illinois

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Message Posted: Mar 19, 2010 5:25:03 PM

Great, what a special place for ... hurricanes to feast on man's folly, again and again!
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methaneman
All-Star Author Minnesota

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Message Posted: Mar 19, 2010 5:24:47 PM

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.
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mvosevich
Champion Author St. Louis

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Message Posted: Mar 19, 2010 5:20:24 PM

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!!!!
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knot2swift
Veteran Author Calgary

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Message Posted: Mar 19, 2010 5:16:32 PM

Well, they got 12 years to get at it before the Atlantic starts producing high hurricane seasons again...LMAO
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texasvet
Champion Author Texas

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Message Posted: Mar 19, 2010 5:14:43 PM

These big finds just keep popping up. Makes life hard for the "end of the oil world" doomcryers.
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WilW
Champion Author Atlanta

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Message Posted: Mar 19, 2010 5:13:41 PM

Cool..but will this lower prices?
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DellMan
Champion Author Omaha

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Message Posted: Mar 19, 2010 5:13:39 PM

What is the big deal about anther oil find if the governments won't let you drill?
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divebomber
Champion Author Nebraska

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Message Posted: Mar 19, 2010 5:11:20 PM

Bravo!
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ops3
Champion Author Cincinnati

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Message Posted: Mar 19, 2010 5:09:20 PM

Good. Pump it!
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lowtidedakine
Sophomore Author Hawaii

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Message Posted: Mar 19, 2010 5:08:28 PM

Quite a greasy topic
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Savingqueen
Rookie Author Vancouver

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Message Posted: Mar 19, 2010 5:07:58 PM

Great, more money for them
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snofog
All-Star Author Seattle

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Message Posted: Mar 19, 2010 5:06:46 PM

Well
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filcut
Veteran Author Anchorage

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Message Posted: Mar 19, 2010 5:06:37 PM

Thar's oil in them waters... go get it!
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96sc1
Champion Author El Paso

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Message Posted: Mar 19, 2010 5:05:15 PM

If bad news results in negative posts, why doesn't good news result in positive posts?
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AtascaderoHound
All-Star Author California

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Message Posted: Mar 19, 2010 5:04:55 PM

The question to ask is why are we obsessed with looking for oil instead of moving beyond a limited diminishing product to alternatives?
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VetteFan
Champion Author Indiana

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Message Posted: Mar 19, 2010 5:04:25 PM

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.
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