The Calgary-based global energy company said yesterday that it would review strategic alternatives for its natural gas and power marketing arms, which may include a sale of all or part of these businesses. Marvin Romanow, Nexen's president and chief executive officer, said the company's crude oil and shale gas businesses would not be included in the review.
On July 16, Nexen announced its net income had dropped to $20 million in quarter two, from $135 million in the first quarter of 2009. Blaming
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