Calgary-based Nexen lost C$6 million ($5.9 million), or 2 Canadian cents a share, in the three months to December. That compared to a profit of C$43 million, or 8 Canadian cents a share, a year earlier.
Revenue was down 5% to C$1.6 billion from C$1.7 billion.
The biggest hit came from a lower estimated future North American gas prices and revisions to oilfield abandonment costs, which combined for a C$237 million non-cash impairment charge.
Nevertheless,
