GasBuddy News Article

votes

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.

Read the Full Article

Submitted Jul 28, 2012 By: momsno1_taxi

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Phantom fears surround China’s Nexen deal	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

TIGERPAW46 Champion Author Florida Posts:7,126 Points:1,355,680 Joined:Mar 2004	Message Posted: Jul 28, 2012 10:15:08 PM Ignore TIGERPAW46 Report Abuse 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.
TFowler513 Champion Author Memphis Posts:3,824 Points:1,413,860 Joined:Mar 2008	Message Posted: Jul 28, 2012 9:56:57 PM Ignore TFowler513 Report Abuse It's global domination their after!!!
10k Champion Author North Carolina Posts:21,249 Points:2,254,020 Joined:May 2006	Message Posted: Jul 28, 2012 9:45:57 PM Ignore 10k Report Abuse we should be worrying more about how much of the united states china already owns..
CheeseMan Champion Author Raleigh Posts:10,740 Points:1,775,000 Joined:Mar 2005	Message Posted: Jul 28, 2012 9:38:34 PM Ignore CheeseMan Report Abuse Hey Canada... Don't do it!
ratones1 Champion Author Los Angeles Posts:2,912 Points:731,980 Joined:Mar 2011	Message Posted: Jul 28, 2012 9:38:32 PM Ignore ratones1 Report Abuse k...
Dailyrun Champion Author Kentucky Posts:1,982 Points:388,840 Joined:Apr 2012	Message Posted: Jul 28, 2012 9:37:31 PM Ignore Dailyrun Report Abuse They seem ready to buy anything that is on sale.
bowler360 Champion Author Illinois Posts:1,975 Points:499,775 Joined:Jun 2011	Message Posted: Jul 28, 2012 9:37:19 PM Ignore bowler360 Report Abuse not!
ican2step Champion Author Pittsburgh Posts:1,681 Points:426,650 Joined:Feb 2012	Message Posted: Jul 28, 2012 9:34:34 PM Ignore ican2step Report Abuse China scares me.
boatfloyd Champion Author Jacksonville Posts:1,718 Points:387,975 Joined:Mar 2012	Message Posted: Jul 28, 2012 9:33:57 PM Ignore boatfloyd Report Abuse China has the money.
cwashi3324 Champion Author Cincinnati Posts:2,802 Points:573,290 Joined:May 2009	Message Posted: Jul 28, 2012 9:32:22 PM Ignore cwashi3324 Report Abuse ok
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Jul 28, 2012 9:29:53 PM Ignore regout Report Abuse Keep that for us, Canadien.
kgbellman Champion Author Ann Arbor Posts:2,713 Points:731,840 Joined:Mar 2011	Message Posted: Jul 28, 2012 9:29:21 PM Ignore kgbellman Report Abuse I've given up trying to speculate on what and how
jferrara41 All-Star Author Pennsylvania Posts:598 Points:110,665 Joined:Apr 2012	Message Posted: Jul 28, 2012 9:28:28 PM Ignore jferrara41 Report Abuse ok
GigHarborHound Champion Author Tacoma Posts:2,532 Points:487,515 Joined:Sep 2011	Message Posted: Jul 28, 2012 9:27:29 PM Ignore GigHarborHound Report Abuse Yep!
12766 Champion Author New York Posts:2,443 Points:1,483,315 Joined:Oct 2008	Message Posted: Jul 28, 2012 9:26:39 PM Ignore 12766 Report Abuse OK
VetteFan Champion Author Indiana Posts:9,739 Points:2,028,480 Joined:Aug 2005	Message Posted: Jul 28, 2012 9:25:55 PM Ignore VetteFan Report Abuse Speculators specialize in phantom fears.
TonyPSU Champion Author Cleveland Posts:2,536 Points:693,780 Joined:May 2011	Message Posted: Jul 28, 2012 9:25:54 PM Ignore TonyPSU Report Abuse ok
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 28, 2012 9:25:33 PM Ignore Mermaan Report Abuse =\
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: Jul 28, 2012 9:25:07 PM Ignore joel27nc Report Abuse GREED!
livedream Champion Author Michigan Posts:3,680 Points:754,835 Joined:Mar 2011	Message Posted: Jul 28, 2012 9:24:11 PM Ignore livedream Report Abuse 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!
Zonk Champion Author Michigan Posts:6,481 Points:2,102,015 Joined:Oct 2005	Message Posted: Jul 28, 2012 9:23:53 PM Ignore Zonk Report Abuse The China-Canada oil deal is far from being approved.
Matt G Champion Author Boston Posts:4,533 Points:2,773,040 Joined:Jun 2004	Message Posted: Jul 28, 2012 9:21:46 PM Ignore Matt G Report Abuse Ok
CarpenterNJ Champion Author New Jersey Posts:1,237 Points:511,790 Joined:Sep 2011	Message Posted: Jul 28, 2012 9:20:58 PM Ignore CarpenterNJ Report Abuse Not sure this is a wise move for Canada...
bra0712 Champion Author Arizona Posts:3,660 Points:768,345 Joined:Nov 2008	Message Posted: Jul 28, 2012 9:20:57 PM Ignore bra0712 Report Abuse Oh
silverfoxv65 Champion Author Michigan Posts:4,480 Points:1,230,050 Joined:Sep 2009	Message Posted: Jul 28, 2012 9:20:41 PM Ignore silverfoxv65 Report Abuse Every thing is feard when it comes to china! They are out to cut our throats!
Fitwit Champion Author Stockton Posts:6,394 Points:1,354,895 Joined:May 2009	Message Posted: Jul 28, 2012 9:19:59 PM Ignore Fitwit Report Abuse No Comment.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,230 Joined:Mar 2006	Message Posted: Jul 28, 2012 9:18:13 PM Ignore Dodge_Me Report Abuse Hmm
chuckwthompson Champion Author Charlotte Posts:3,755 Points:577,185 Joined:Sep 2011	Message Posted: Jul 28, 2012 9:17:07 PM Ignore chuckwthompson Report Abuse It is only about the money, nothing else!
carman11 Champion Author North Carolina Posts:3,337 Points:691,725 Joined:Jun 2011	Message Posted: Jul 28, 2012 9:15:27 PM Ignore carman11 Report Abuse Ok
stratlinetime Champion Author Kalamazoo Posts:2,281 Points:563,835 Joined:Feb 2011	Message Posted: Jul 28, 2012 9:13:59 PM Ignore stratlinetime Report Abuse Ok
gamalerin Champion Author Tampa Posts:4,752 Points:993,510 Joined:Jul 2010	Message Posted: Jul 28, 2012 9:12:40 PM Ignore gamalerin Report Abuse politics game.
1fulltank Champion Author Buffalo Posts:7,903 Points:1,544,310 Joined:Nov 2008	Message Posted: Jul 28, 2012 9:11:57 PM Ignore 1fulltank Report Abuse The selling of Canada continues, just like some of the USA. Sad.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 28, 2012 9:11:01 PM Ignore tedjm1 Report Abuse Think it could still happen? Could be a very generous offer.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,069,925 Joined:Mar 2004	Message Posted: Jul 28, 2012 9:11:00 PM Ignore miser709 Report Abuse Too much blame and politics.
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: Jul 28, 2012 9:10:54 PM Ignore DrLyon Report Abuse The world spins on...
Quick68 Champion Author Columbus Posts:8,223 Points:1,225,800 Joined:Dec 2009	Message Posted: Jul 28, 2012 9:10:16 PM Ignore Quick68 Report Abuse If we got this deal we would just sell it to China any way or just give it to them.
goldseeker Champion Author West Virginia Posts:19,545 Points:2,718,815 Joined:Sep 2005	Message Posted: Jul 28, 2012 9:10:05 PM Ignore goldseeker Report Abuse Really?
TheeRedRam Champion Author Hartford Posts:3,163 Points:672,635 Joined:Jun 2011	Message Posted: Jul 28, 2012 9:09:13 PM Ignore TheeRedRam Report Abuse Oh Boy
Glock26 Champion Author Dayton Posts:1,524 Points:632,385 Joined:Mar 2011	Message Posted: Jul 28, 2012 9:08:48 PM Ignore Glock26 Report Abuse Bad idea!!!
greywolves Champion Author Las Vegas Posts:8,671 Points:2,428,225 Joined:Dec 2004	Message Posted: Jul 28, 2012 5:23:29 PM Ignore greywolves Report Abuse 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.
shatesme Champion Author Long Island Posts:1,058 Points:182,920 Joined:Feb 2012	Message Posted: Jul 28, 2012 2:36:28 PM Ignore shatesme Report Abuse As long as there is a happy ending.China is know for that. See ick evans I bring cheer.
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: Jul 28, 2012 2:31:40 PM Ignore dacofa Report Abuse How dare they do that. Obamanation never approved that deal.
rick_evans Champion Author Boston Posts:3,725 Points:1,033,730 Joined:Aug 2005	Message Posted: Jul 28, 2012 2:29:28 PM Ignore rick_evans Report Abuse @shatesme Still waiting for your response to the "Phantom fears surround China’s Nexen deal". BTW, this sarcasm earned 0 points.
shatesme Champion Author Long Island Posts:1,058 Points:182,920 Joined:Feb 2012	Message Posted: Jul 28, 2012 2:18:20 PM Ignore shatesme Report Abuse 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.
shatesme Champion Author Long Island Posts:1,058 Points:182,920 Joined:Feb 2012	Message Posted: Jul 28, 2012 2:15:15 PM Ignore shatesme Report Abuse 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
rick_evans Champion Author Boston Posts:3,725 Points:1,033,730 Joined:Aug 2005	Message Posted: Jul 28, 2012 2:10:28 PM Ignore rick_evans Report Abuse @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]
shatesme Champion Author Long Island Posts:1,058 Points:182,920 Joined:Feb 2012	Message Posted: Jul 28, 2012 2:00:02 PM Ignore shatesme Report Abuse Thank You!!! INBwana I fully agree
BazooQC Champion Author Montreal Posts:9,705 Points:1,635,475 Joined:Oct 2008	Message Posted: Jul 28, 2012 1:54:04 PM Ignore BazooQC Report Abuse Ho ho ho ... changing winds of change.
REKEY Champion Author South Carolina Posts:8,579 Points:1,699,415 Joined:May 2008	Message Posted: Jul 28, 2012 1:51:32 PM Ignore REKEY Report Abuse Canada is selling out just like the US did and is still doing!
JimL1 Champion Author Phoenix Posts:8,217 Points:1,241,520 Joined:Jul 2003	Message Posted: Jul 28, 2012 1:47:44 PM Ignore JimL1 Report Abuse 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?