Goldman buys Nexen’s N. America natgas trading book

NEW YORK, May 14 (BestGrowthStock) – Goldman Sachs (GS.N: ) recently
purchased the North American natural gas trading book from
Calgary-based Nexen Inc (NXY.TO: ), industry sources told Reuters
on Friday.

“I can confirm that Goldman Sachs purchased Nexen’s North
American natural gas trading book,” a source familiar with the
transaction told Reuters, noting the operation would become
part of J. Aron, Goldman’s commodity trading arm.

He declined to comment on the cost of the purchase or
whether any Nexen traders would be transferred to J. Aron.

Stock Market Report

(Reporting by Joe Silha)

Goldman buys Nexen’s N. America natgas trading book