10:01 AM EST - Nexen Inc. : is scaling back its capital investment program by a third in 2008 due in part to uncertainty around royalties in Alberta and says it will miss its 2007 production guidance by about nine percent due to delays at some of its projects. The oil producer said it is planning to spend $2.4 billion on capital projects in 2008, about $1.2 billion less than in 2007. Nexen Inc.
shares T.NXY are trading down 44 cents at $28.45.
