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Phantom fears surround China’s Nexen deal

The Globe and Mail -- At first blush, CNOOC Ltd.’s $15.1-billion bid for Nexen Inc. seemed like a sign that China is ready to go on a buying spree in Canada’s oil patch.

But on a closer look that seems far from certain. If Beijing thinks Nexen will open the door to a rash of big North American energy acquisitions by its state-controlled enterprises, it may want to think again.
For starters, Canada could still block the Nexen deal – China’s biggest ever foreign takeover bid. The proposed deal needs to be approved by quasi-independent competition authorities and the government itself, which must decide whether it provides a “net benefit” to Canada.


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Submitted Jul 28, 2012 By: momsno1_taxi
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Phantom fears surround China’s Nexen deal Back to Topics
REPLIES (newest first) Post a Reply
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TIGERPAW46
Champion Author Florida

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Message Posted: Jul 29, 2012 12:15:08 AM

Phantom it's not. China would love to take over the USA & Canada for both our resources. Which they are well on their way to doing exactly that. With their population they could deplete both nations before you knew it.
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TFowler513
Champion Author Memphis

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Message Posted: Jul 28, 2012 11:56:57 PM

It's global domination their after!!!
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10k
Champion Author North Carolina

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Message Posted: Jul 28, 2012 11:45:57 PM

we should be worrying more about how much of the united states china already owns..
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CheeseMan
Champion Author Raleigh

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Message Posted: Jul 28, 2012 11:38:34 PM

Hey Canada...

Don't do it!
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ratones1
Champion Author Los Angeles

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Message Posted: Jul 28, 2012 11:38:32 PM

k...
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Dailyrun
Champion Author Kentucky

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Message Posted: Jul 28, 2012 11:37:31 PM

They seem ready to buy anything that is on sale.
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bowler360
Champion Author Illinois

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Message Posted: Jul 28, 2012 11:37:19 PM

not!
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ican2step
Champion Author Pittsburgh

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Message Posted: Jul 28, 2012 11:34:34 PM

China scares me.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jul 28, 2012 11:33:57 PM

China has the money.
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cwashi3324
Champion Author Cincinnati

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Message Posted: Jul 28, 2012 11:32:22 PM

ok
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regout
Champion Author Quebec

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Message Posted: Jul 28, 2012 11:29:53 PM

Keep that for us, Canadien.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jul 28, 2012 11:29:21 PM

I've given up trying to speculate on what and how
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jferrara41
All-Star Author Pennsylvania

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Message Posted: Jul 28, 2012 11:28:28 PM

ok
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GigHarborHound
Champion Author Tacoma

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Message Posted: Jul 28, 2012 11:27:29 PM

Yep!
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12766
Champion Author New York

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Message Posted: Jul 28, 2012 11:26:39 PM

OK
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VetteFan
Champion Author Indiana

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Message Posted: Jul 28, 2012 11:25:55 PM

Speculators specialize in phantom fears.
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TonyPSU
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Message Posted: Jul 28, 2012 11:25:54 PM

ok
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Mermaan
Champion Author Boston

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Message Posted: Jul 28, 2012 11:25:33 PM

=\
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joel27nc
Champion Author Raleigh

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Message Posted: Jul 28, 2012 11:25:07 PM

GREED!
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livedream
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:24:11 PM

Using "Phantom fears..." in the article headline is just code for --

"Hey, we want HIGHER PROFITS!! -- Let's publicize fear-mongering b.s. so the speculators will go nuts with 'fearful uncertainty' and BID UP THE PRICES AGAIN!"

This is a crap article!
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Zonk
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:23:53 PM

The China-Canada oil deal is far from being approved.
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Matt G
Champion Author Boston

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Message Posted: Jul 28, 2012 11:21:46 PM

Ok
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CarpenterNJ
Champion Author New Jersey

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Message Posted: Jul 28, 2012 11:20:58 PM

Not sure this is a wise move for Canada...
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bra0712
Champion Author Arizona

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Message Posted: Jul 28, 2012 11:20:57 PM

Oh
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silverfoxv65
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:20:41 PM

Every thing is feard when it comes to china!

They are out to cut our throats!
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Fitwit
Champion Author Stockton

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Message Posted: Jul 28, 2012 11:19:59 PM

No Comment.
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jul 28, 2012 11:18:13 PM

Hmm
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chuckwthompson
Champion Author Charlotte

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Message Posted: Jul 28, 2012 11:17:07 PM

It is only about the money, nothing else!
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carman11
Champion Author North Carolina

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Message Posted: Jul 28, 2012 11:15:27 PM

Ok
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Jul 28, 2012 11:13:59 PM

Ok
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gamalerin
Champion Author Tampa

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Message Posted: Jul 28, 2012 11:12:40 PM

politics game.
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1fulltank
Champion Author Buffalo

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Message Posted: Jul 28, 2012 11:11:57 PM

The selling of Canada continues, just like some of the USA. Sad.
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tedjm1
Champion Author New York

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Message Posted: Jul 28, 2012 11:11:01 PM

Think it could still happen? Could be a very generous offer.
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miser709
Champion Author Grand Rapids

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Message Posted: Jul 28, 2012 11:11:00 PM

Too much blame and politics.
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DrLyon
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:10:54 PM

The world spins on...
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Quick68
Champion Author Columbus

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Message Posted: Jul 28, 2012 11:10:16 PM

If we got this deal we would just sell it to China any way or just give it to them.
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goldseeker
Champion Author West Virginia

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Message Posted: Jul 28, 2012 11:10:05 PM

Really?
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TheeRedRam
Champion Author Hartford

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Message Posted: Jul 28, 2012 11:09:13 PM

Oh Boy
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Glock26
Champion Author Dayton

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Message Posted: Jul 28, 2012 11:08:48 PM

Bad idea!!!
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greywolves
Champion Author Las Vegas

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Message Posted: Jul 28, 2012 7:23:29 PM

if china's government owned cnooc is permitted to buy nexen, then there will be a guaranteed shipper of product for a very expensive trans canadien rockies pipeline to the pacific and probable investor in the same as well.

and they are buying it all with the dollars they got from your bought at walmart made in china crap.
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shatesme
Champion Author Long Island

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Message Posted: Jul 28, 2012 4:36:28 PM

As long as there is a happy ending.China is know for that. See ick evans I bring cheer.
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dacofa
Champion Author Nevada

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Message Posted: Jul 28, 2012 4:31:40 PM

How dare they do that. Obamanation never approved that deal.
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rick_evans
Champion Author Boston

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Message Posted: Jul 28, 2012 4:29:28 PM

@shatesme

Still waiting for your response to the "Phantom fears surround China’s Nexen deal". BTW, this sarcasm earned 0 points.
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shatesme
Champion Author Long Island

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Message Posted: Jul 28, 2012 4:18:20 PM

Here is how to find it:Category: Just For Fun > Topics > Topic: 100 FAST FREE POINTS . You can leave as many one word brain dead replies as you want there and still get your point.
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shatesme
Champion Author Long Island

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Message Posted: Jul 28, 2012 4:15:15 PM

No my point is there are nothing posts on the site for the one word people trying just to get points only.Do a search
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rick_evans
Champion Author Boston

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Message Posted: Jul 28, 2012 4:10:28 PM

@INBwana --"Does anyone from GassBuddy monitor these replies?"

Ok, so you ranted but never said anything about the article. At least we one word posters are efficient in our useless point earning responses.

[Edited by: rick_evans at 7/28/2012 5:14:17 PM EST]
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shatesme
Champion Author Long Island

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Message Posted: Jul 28, 2012 4:00:02 PM

Thank You!!! INBwana I fully agree
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BazooQC
Champion Author Montreal

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Message Posted: Jul 28, 2012 3:54:04 PM

Ho ho ho ... changing winds of change.
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REKEY
Champion Author South Carolina

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Message Posted: Jul 28, 2012 3:51:32 PM

Canada is selling out just like the US did and is still doing!
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JimL1
Champion Author Phoenix

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Message Posted: Jul 28, 2012 3:47:44 PM

No problem, China simply buys off those who have to approve the deal. Our politicians have all been bought off with campaign contributions, why should Canada be any different?
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