Workday IPO and Nexen

I’m going to give the IPO game another try. I put in an indication of interest for a few shares of Workday (Ticker: WDAY). They develop cloud based software for human capital management. It looks like there’s good demand for the IPO. This is scheduled to price tonight and start trading tomorrow. The probability of getting an allocation is pretty low, but we’ll see…

I nibbled back into Nexen, Inc. (Ticker: NXY) today at $25.80. The Canadian government has extended the review for 30 days so the new deadline will be November 11. I believe the Canadian government will announce its decision during this time. I’m looking at a potential 6.60% return (~ 28.90% annualized return assuming a closing by December 31). I’ll probably start adding more aggressively on any dips.