More Canadian oil assets snapped up by foreign companies
One of the larger Canadian oil and gas entities, Nexen (TSX: NXY) has been the recipient of a cash US$27.50/share takeover offer from CNOOC (NYSE: CEO), which is a Chinese state-owned corporation. A deal this size also incurs political risk – it has to be cleared by the Minister of Industry. About a quarter of … Continue reading More Canadian oil assets snapped up by foreign companies
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