Analysts still believe Cnooc's (CEO) deal for Nexen (NXY) will go through, Bloomberg reports,...

|By:, SA News Editor

Analysts still believe Cnooc's (CEO) deal for Nexen (NXY) will go through, Bloomberg reports, even as the Canadian government reminds foreign acquirers of its power to quash takeovers. “Canada has the resources and needs money, plus the prime minister's focus on China as "Canada’s next energy market" equals optimism that the deal gets done.