Cnooc (CEO) has reportedly accepted conditions set by the Canadian government as it decides...

Cnooc (CEO) has reportedly accepted conditions set by the Canadian government as it decides whether to approve the Chinese company's $15.1B acquisition of Nexen (NXY). The government adopted many of the terms requested by Alberta Premier Alison Redford, which include guarantees that at least half of Nexen’s board and management be Canadian, and that staff levels be maintained for at least five years.

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  • KingFox
    , contributor
    Comments (16) | Send Message
    In addition CBC reported last night that a reporter received a leaked "secret" government document on a change in foreign policy, that on the surface looks as though Harper et al are preparing the market for approval of such takeovers, Cnoooc/Nexen. Wouldn't be surprised if the government leaked the document themselves .....



    Seems to be getting very little follow through coverage though.
    20 Nov 2012, 09:58 AM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
    The following are recent articles from leading Canadian newspapers giving background on the Nexen-CNOOC issue. Also of relevance is an unrepentantly close fight in the upcoming Federal by-election in Calgary where the Liberal candidate might well win a seat which hitherto has been amongst the safest for the Conservatives.





    20 Nov 2012, 12:43 PM Reply Like
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