Friday, December 14, 2012

Sold Gardner Denver and More Nexen

I sold my Gardner Denver, Inc. (Ticker: GDI) position today at ~ $73.90 generating a net gain of 1.15% over a 3 day period. I used some of the proceeds to purchase more Nexen, Inc. (Ticker: NXY) at $26.77. This deal will go through; it’s just a question of when it will receive CFIUS approval. I really like the risk reward here with Nexen.

Edit: I bought back a smaller position in Gardner Denver, Inc. at $73.42.


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