Nexen CEO Marvin Romanow

Nexen CEO Marvin Romanow

Aaron M. Sprecher/Bloomberg

Former Nexen Inc. Chief Executive Officer Marvin Romanow said at the company's investor day on Dec.1, "We looked at selling the company. We looked at selling major assets. We looked at setting up separate companies. We looked at every financial re-engineering that was done in our industry and in other industries to see if there was a way to generate some value for you sooner."