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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

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TIGERPAW46 Champion Author Florida Posts:7,115 Points:1,352,880 Joined:Mar 2004	Message Posted: Jul 29, 2012 1:15:08 AM 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:1,411,485 Joined:Mar 2008	Message Posted: Jul 29, 2012 12:56:57 AM Ignore TFowler513 Report Abuse It's global domination their after!!!
10k Champion Author North Carolina Posts:21,231 Points:2,252,070 Joined:May 2006	Message Posted: Jul 29, 2012 12:45:57 AM 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 29, 2012 12:38:34 AM Ignore CheeseMan Report Abuse Hey Canada... Don't do it!
ratones1 Champion Author Los Angeles Posts:2,902 Points:729,280 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:38:32 AM Ignore ratones1 Report Abuse k...
Dailyrun Champion Author Kentucky Posts:1,967 Points:385,915 Joined:Apr 2012	Message Posted: Jul 29, 2012 12:37:31 AM Ignore Dailyrun Report Abuse They seem ready to buy anything that is on sale.
bowler360 Champion Author Illinois Posts:1,960 Points:496,850 Joined:Jun 2011	Message Posted: Jul 29, 2012 12:37:19 AM Ignore bowler360 Report Abuse not!
ican2step Champion Author Pittsburgh Posts:1,676 Points:425,675 Joined:Feb 2012	Message Posted: Jul 29, 2012 12:34:34 AM Ignore ican2step Report Abuse China scares me.
boatfloyd Champion Author Jacksonville Posts:1,708 Points:386,025 Joined:Mar 2012	Message Posted: Jul 29, 2012 12:33:57 AM Ignore boatfloyd Report Abuse China has the money.
cwashi3324 Champion Author Cincinnati Posts:2,786 Points:570,265 Joined:May 2009	Message Posted: Jul 29, 2012 12:32:22 AM Ignore cwashi3324 Report Abuse ok
regout Champion Author Quebec Posts:2,940 Points:829,780 Joined:May 2010	Message Posted: Jul 29, 2012 12:29:53 AM Ignore regout Report Abuse Keep that for us, Canadien.
kgbellman Champion Author Ann Arbor Posts:2,703 Points:729,890 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:29:21 AM 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 29, 2012 12:28:28 AM Ignore jferrara41 Report Abuse ok
GigHarborHound Champion Author Tacoma Posts:2,522 Points:485,565 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:27:29 AM Ignore GigHarborHound Report Abuse Yep!
12766 Champion Author New York Posts:2,433 Points:1,481,365 Joined:Oct 2008	Message Posted: Jul 29, 2012 12:26:39 AM Ignore 12766 Report Abuse OK
VetteFan Champion Author Indiana Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Jul 29, 2012 12:25:55 AM Ignore VetteFan Report Abuse Speculators specialize in phantom fears.
TonyPSU Champion Author Cleveland Posts:2,521 Points:691,605 Joined:May 2011	Message Posted: Jul 29, 2012 12:25:54 AM Ignore TonyPSU Report Abuse ok
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 29, 2012 12:25:33 AM Ignore Mermaan Report Abuse =\
joel27nc Champion Author Raleigh Posts:10,527 Points:1,856,420 Joined:Mar 2008	Message Posted: Jul 29, 2012 12:25:07 AM Ignore joel27nc Report Abuse GREED!
livedream Champion Author Michigan Posts:3,669 Points:752,135 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:24:11 AM 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:6,471 Points:2,100,065 Joined:Oct 2005	Message Posted: Jul 29, 2012 12:23:53 AM Ignore Zonk Report Abuse The China-Canada oil deal is far from being approved.
Matt G Champion Author Boston Posts:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Jul 29, 2012 12:21:46 AM Ignore Matt G Report Abuse Ok
CarpenterNJ Champion Author New Jersey Posts:1,227 Points:509,740 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:20:58 AM Ignore CarpenterNJ Report Abuse Not sure this is a wise move for Canada...
bra0712 Champion Author Arizona Posts:3,655 Points:765,870 Joined:Nov 2008	Message Posted: Jul 29, 2012 12:20:57 AM Ignore bra0712 Report Abuse Oh
silverfoxv65 Champion Author Michigan Posts:4,465 Points:1,227,125 Joined:Sep 2009	Message Posted: Jul 29, 2012 12:20:41 AM 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:6,387 Points:1,353,780 Joined:May 2009	Message Posted: Jul 29, 2012 12:19:59 AM Ignore Fitwit Report Abuse No Comment.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,980 Joined:Mar 2006	Message Posted: Jul 29, 2012 12:18:13 AM Ignore Dodge_Me Report Abuse Hmm
chuckwthompson Champion Author Charlotte Posts:3,745 Points:575,235 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:17:07 AM Ignore chuckwthompson Report Abuse It is only about the money, nothing else!
carman11 Champion Author North Carolina Posts:3,319 Points:688,800 Joined:Jun 2011	Message Posted: Jul 29, 2012 12:15:27 AM Ignore carman11 Report Abuse Ok
stratlinetime Champion Author Kalamazoo Posts:2,266 Points:560,910 Joined:Feb 2011	Message Posted: Jul 29, 2012 12:13:59 AM Ignore stratlinetime Report Abuse Ok
gamalerin Champion Author Tampa Posts:4,737 Points:990,585 Joined:Jul 2010	Message Posted: Jul 29, 2012 12:12:40 AM Ignore gamalerin Report Abuse politics game.
1fulltank Champion Author Buffalo Posts:7,893 Points:1,542,360 Joined:Nov 2008	Message Posted: Jul 29, 2012 12:11:57 AM 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 29, 2012 12:11:01 AM Ignore tedjm1 Report Abuse Think it could still happen? Could be a very generous offer.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,068,175 Joined:Mar 2004	Message Posted: Jul 29, 2012 12:11:00 AM Ignore miser709 Report Abuse Too much blame and politics.
DrLyon Champion Author Michigan Posts:6,640 Points:1,209,955 Joined:May 2006	Message Posted: Jul 29, 2012 12:10:54 AM Ignore DrLyon Report Abuse The world spins on...
Quick68 Champion Author Columbus Posts:8,195 Points:1,223,850 Joined:Dec 2009	Message Posted: Jul 29, 2012 12:10:16 AM 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:19,530 Points:2,716,865 Joined:Sep 2005	Message Posted: Jul 29, 2012 12:10:05 AM Ignore goldseeker Report Abuse Really?
TheeRedRam Champion Author Hartford Posts:3,153 Points:670,685 Joined:Jun 2011	Message Posted: Jul 29, 2012 12:09:13 AM Ignore TheeRedRam Report Abuse Oh Boy
Glock26 Champion Author Dayton Posts:1,514 Points:630,435 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:08:48 AM Ignore Glock26 Report Abuse Bad idea!!!
greywolves Champion Author Las Vegas Posts:8,655 Points:2,425,200 Joined:Dec 2004	Message Posted: Jul 28, 2012 8:23:29 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:182,720 Joined:Feb 2012	Message Posted: Jul 28, 2012 5:36:28 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:5,371 Points:1,147,030 Joined:Jan 2010	Message Posted: Jul 28, 2012 5:31:40 PM Ignore dacofa Report Abuse How dare they do that. Obamanation never approved that deal.
rick_evans Champion Author Boston Posts:3,709 Points:1,030,805 Joined:Aug 2005	Message Posted: Jul 28, 2012 5:29:28 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:182,720 Joined:Feb 2012	Message Posted: Jul 28, 2012 5:18:20 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:182,720 Joined:Feb 2012	Message Posted: Jul 28, 2012 5:15:15 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:3,709 Points:1,030,805 Joined:Aug 2005	Message Posted: Jul 28, 2012 5:10:28 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:182,720 Joined:Feb 2012	Message Posted: Jul 28, 2012 5:00:02 PM Ignore shatesme Report Abuse Thank You!!! INBwana I fully agree
BazooQC Champion Author Montreal Posts:9,690 Points:1,632,550 Joined:Oct 2008	Message Posted: Jul 28, 2012 4:54:04 PM Ignore BazooQC Report Abuse Ho ho ho ... changing winds of change.
REKEY Champion Author South Carolina Posts:8,564 Points:1,696,490 Joined:May 2008	Message Posted: Jul 28, 2012 4:51:32 PM Ignore REKEY Report Abuse Canada is selling out just like the US did and is still doing!
JimL1 Champion Author Phoenix Posts:8,207 Points:1,240,320 Joined:Jul 2003	Message Posted: Jul 28, 2012 4:47:44 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?