The expenses are racking up, cost blowouts, delays, dry holes at...

The expenses are racking up, cost blowouts, delays, dry holes at Grayling and Sidestep, ill advised takeovers, credit crunch, and riskier development scenario per well compared to CBM ( which is the new darling of the energy sector)etc. have contributed to Nexus' woes (plus all the offshore oil and gas companies being less favoured in this current environment).

This stock is doing much better than BPT or AZA even though they aren't even producing yet. The market seems to be quite tollerant with Nexus in comparison, they must still think it has good longer term prospects.