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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:7,141 Points:1,358,605 Joined:Mar 2004	Message Posted: Jul 29, 2012 12:15:08 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:1,416,485 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:56:57 PM Ignore TFowler513 Report Abuse It's global domination their after!!!
10k Champion Author North Carolina Posts:21,286 Points:2,258,020 Joined:May 2006	Message Posted: Jul 28, 2012 11:45:57 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 11:38:34 PM Ignore CheeseMan Report Abuse Hey Canada... Don't do it!
ratones1 Champion Author Los Angeles Posts:2,922 Points:734,680 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:38:32 PM Ignore ratones1 Report Abuse k...
Dailyrun Champion Author Kentucky Posts:1,997 Points:391,765 Joined:Apr 2012	Message Posted: Jul 28, 2012 11:37:31 PM Ignore Dailyrun Report Abuse They seem ready to buy anything that is on sale.
bowler360 Champion Author Illinois Posts:1,990 Points:502,700 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:37:19 PM Ignore bowler360 Report Abuse not!
ican2step Champion Author Pittsburgh Posts:1,701 Points:431,400 Joined:Feb 2012	Message Posted: Jul 28, 2012 11:34:34 PM Ignore ican2step Report Abuse China scares me.
boatfloyd Champion Author Jacksonville Posts:1,738 Points:391,975 Joined:Mar 2012	Message Posted: Jul 28, 2012 11:33:57 PM Ignore boatfloyd Report Abuse China has the money.
cwashi3324 Champion Author Cincinnati Posts:2,816 Points:576,195 Joined:May 2009	Message Posted: Jul 28, 2012 11:32:22 PM Ignore cwashi3324 Report Abuse ok
regout Champion Author Quebec Posts:2,970 Points:835,630 Joined:May 2010	Message Posted: Jul 28, 2012 11:29:53 PM Ignore regout Report Abuse Keep that for us, Canadien.
kgbellman Champion Author Ann Arbor Posts:2,733 Points:735,090 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:29:21 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 11:28:28 PM Ignore jferrara41 Report Abuse ok
GigHarborHound Champion Author Tacoma Posts:2,552 Points:491,415 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:27:29 PM Ignore GigHarborHound Report Abuse Yep!
12766 Champion Author New York Posts:2,458 Points:1,486,340 Joined:Oct 2008	Message Posted: Jul 28, 2012 11:26:39 PM Ignore 12766 Report Abuse OK
VetteFan Champion Author Indiana Posts:9,754 Points:2,031,405 Joined:Aug 2005	Message Posted: Jul 28, 2012 11:25:55 PM Ignore VetteFan Report Abuse Speculators specialize in phantom fears.
TonyPSU Champion Author Cleveland Posts:2,551 Points:697,455 Joined:May 2011	Message Posted: Jul 28, 2012 11:25:54 PM Ignore TonyPSU Report Abuse ok
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 28, 2012 11:25:33 PM Ignore Mermaan Report Abuse =\
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:25:07 PM Ignore joel27nc Report Abuse GREED!
livedream Champion Author Michigan Posts:3,702 Points:757,985 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:24:11 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:6,501 Points:2,106,015 Joined:Oct 2005	Message Posted: Jul 28, 2012 11:23:53 PM Ignore Zonk Report Abuse The China-Canada oil deal is far from being approved.
Matt G Champion Author Boston Posts:4,548 Points:2,775,965 Joined:Jun 2004	Message Posted: Jul 28, 2012 11:21:46 PM Ignore Matt G Report Abuse Ok
CarpenterNJ Champion Author New Jersey Posts:1,252 Points:514,715 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:20:58 PM Ignore CarpenterNJ Report Abuse Not sure this is a wise move for Canada...
bra0712 Champion Author Arizona Posts:3,680 Points:771,495 Joined:Nov 2008	Message Posted: Jul 28, 2012 11:20:57 PM Ignore bra0712 Report Abuse Oh
silverfoxv65 Champion Author Michigan Posts:4,500 Points:1,234,050 Joined:Sep 2009	Message Posted: Jul 28, 2012 11:20:41 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:6,414 Points:1,358,045 Joined:May 2009	Message Posted: Jul 28, 2012 11:19:59 PM Ignore Fitwit Report Abuse No Comment.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:558,480 Joined:Mar 2006	Message Posted: Jul 28, 2012 11:18:13 PM Ignore Dodge_Me Report Abuse Hmm
chuckwthompson Champion Author Charlotte Posts:3,770 Points:580,110 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:17:07 PM Ignore chuckwthompson Report Abuse It is only about the money, nothing else!
carman11 Champion Author North Carolina Posts:3,358 Points:695,725 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:15:27 PM Ignore carman11 Report Abuse Ok
stratlinetime Champion Author Kalamazoo Posts:2,296 Points:566,760 Joined:Feb 2011	Message Posted: Jul 28, 2012 11:13:59 PM Ignore stratlinetime Report Abuse Ok
gamalerin Champion Author Tampa Posts:4,767 Points:996,435 Joined:Jul 2010	Message Posted: Jul 28, 2012 11:12:40 PM Ignore gamalerin Report Abuse politics game.
1fulltank Champion Author Buffalo Posts:7,918 Points:1,547,235 Joined:Nov 2008	Message Posted: Jul 28, 2012 11:11:57 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 11:11:01 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:1,073,525 Joined:Mar 2004	Message Posted: Jul 28, 2012 11:11:00 PM Ignore miser709 Report Abuse Too much blame and politics.
DrLyon Champion Author Michigan Posts:6,665 Points:1,214,755 Joined:May 2006	Message Posted: Jul 28, 2012 11:10:54 PM Ignore DrLyon Report Abuse The world spins on...
Quick68 Champion Author Columbus Posts:8,268 Points:1,229,570 Joined:Dec 2009	Message Posted: Jul 28, 2012 11:10:16 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:19,573 Points:2,721,740 Joined:Sep 2005	Message Posted: Jul 28, 2012 11:10:05 PM Ignore goldseeker Report Abuse Really?
TheeRedRam Champion Author Hartford Posts:3,178 Points:675,560 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:09:13 PM Ignore TheeRedRam Report Abuse Oh Boy
Glock26 Champion Author Dayton Posts:1,544 Points:636,385 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:08:48 PM Ignore Glock26 Report Abuse Bad idea!!!
greywolves Champion Author Las Vegas Posts:8,686 Points:2,431,150 Joined:Dec 2004	Message Posted: Jul 28, 2012 7:23:29 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:183,020 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:36:28 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:5,375 Points:1,151,485 Joined:Jan 2010	Message Posted: Jul 28, 2012 4:31:40 PM Ignore dacofa Report Abuse How dare they do that. Obamanation never approved that deal.
rick_evans Champion Author Boston Posts:3,739 Points:1,036,635 Joined:Aug 2005	Message Posted: Jul 28, 2012 4:29:28 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:183,020 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:18:20 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:183,020 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:15:15 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:3,739 Points:1,036,635 Joined:Aug 2005	Message Posted: Jul 28, 2012 4:10:28 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:183,020 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:00:02 PM Ignore shatesme Report Abuse Thank You!!! INBwana I fully agree
BazooQC Champion Author Montreal Posts:9,720 Points:1,638,400 Joined:Oct 2008	Message Posted: Jul 28, 2012 3:54:04 PM Ignore BazooQC Report Abuse Ho ho ho ... changing winds of change.
REKEY Champion Author South Carolina Posts:8,594 Points:1,702,340 Joined:May 2008	Message Posted: Jul 28, 2012 3:51:32 PM Ignore REKEY Report Abuse Canada is selling out just like the US did and is still doing!
JimL1 Champion Author Phoenix Posts:8,222 Points:1,243,395 Joined:Jul 2003	Message Posted: Jul 28, 2012 3:47:44 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?