Nexus Energy

Nexus Energy (NXS)

Mon, 26/01/2009 - 08:21

Stock Code

NXS

Stock Exchange

Australian Securities Exchange

Nexus Energy (NXS) is an oil and gas explorer and producer. The Company holds a portfolio of quality assets located in three key regions including; the Gippsland Basin off the south east coast of Victoria; the Browse Basin, off the northwest coast of Western Australia and the Bonaparte Basin, offshore west of Darwin. Nexus Energy listed on the Australian Stock Exchange (ASX) on 13th September, 2000 and it is headquartered in Melbourne.

Nexus Energy: Winner of the Week


Nexus Energy (NXS), a company which operates in the oil and gas exploration and production industry with a market capitalisation of $293.1 million was the best performer of the 42nd week in the Australian Stock Exchange with a gain of 23.4 percent closing the week at 40 cents.

Nexus under Pressure with Longtom Project


Bank of Scottland has forced Nexus Energy (NXS) to raise its capital in order to finish its Longtom gas project in Bass Strait. The latest delay with the project has pushed the company’s $155 million worth of deal with AED oil into uncertainty. According to the deal, AED is suppose to buy half of the project. Through raising managed by Southern Cross Equities, Nexus is expected to raise about $50 to $100 million.

Transfield Services (TSE): Loser of the Week 26


Transfield Services (TSE), a company that provides services in sectors like maintenance, operations, assets and project management was the worst performer in the ASX100 index losing 13.4 percent or 36 cents in its stock price and was closed for the week at $2.31.

Best Performing Stocks Week 42


Among the best performing stocks last week (week 42) on the Australian sharemarket were a mixture of energy and mining companies: Nexus Energy (NXS), Paladin (PDN), Pan Australian Resources (PNA), AWB, Mt Gibson Iron (MGX), Sino Gold (SGX), Roc Oil (ROC) and Flight Centre (FLT). All the above best performing stocks for week 42 stocks managed more than 10 percent gain on the trading week. Nexus Energy was the overall winning stock taking in a 16 percent increase after new company takeover speculation and the recent increase in the oil price.

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