12:01 PM EST - Nexen Inc. : shares were lower after the company said it is planning to invest $2.9 billion in 2007 and is forecasting a 50 percent jump in production, partly on the strength of its Buzzard operation which comes onstream within weeks. The Calgary-based company said it expects production to grow to between 230,000 and 260,000 barrels of oil equivalent per day net of royalties. Nexen Inc.
shares T.NXY are trading down 30 cents at $61.90.
