China's CNOOC to buy Canada's Nexen for $15.1 billion

[R-14Driver]

HONG KONG/CALGARY (Reuters) - State-controlled CNOOC Ltd launched one of China's richest takeover bids yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing Ottawa to decide whether national security concerns outweigh its desire for foreign investment in its energy resources.

CNOOC, China's third-largest oil company, hopes to sell the deal to shareholders and the government by offering a hefty 61 percent premium to Nexen's Friday stock price, pledging to retain all employees and promising to make Canada home base for its Western Hemisphere operations.

CNOOC is offering $27.50 cash a share for Nexen, which has oil sands operations in the Canadian province of Alberta, shale gas in the province of British Columbia and extensive exploration and production holdings in the North Sea, Gulf of Mexico and offshore West Africa.............

............ CNOOC made its first tentative Canadian investment in 2005, paying C$122 million ($120.8 million) for a 16.7 percent share of the then-private oil sand developer MEG Energy Corp.

It completed a C$2.1 billion acquisition of Opti Canada Ltd in November, giving the Chinese company its second stake in a Canadian oil sands company and giving it a share in Nexen's Long Lake oil sands development...................

China's CNOOC to buy Canada's Nexen for $15.1 billion - Yahoo! News

[Magoo]

I think the Canadians should socialize it and keep it in the family. Capitalists will sell their own mother into slavery for the right price.
Give the shareholders a Buck a share and a hardy Thank You

[Bubba74]

Here is a bunch of quotes from Papa Joe
I have put the one you will like the best first:

"When we hang the capitalists they will sell us the rope we use. "

"The death of one man is a tragedy. The death of millions is a statistic. "

"If the opposition disarms, well and good. If it refuses to disarm, we shall disarm it ourselves. "

"Education is a weapon whose effects depend on who holds it in his hands and at whom it is aimed. "

"Death is the solution to all problems. No man - no problem. "

[dcmilkwagon]

The first step must be to convince the worker that only unity will give him the means to change his existance. He must become aware of his power, of the reasons why he lives badly, and that capitalism will never solve his problems. He must realise what socialism can offer him.... ... in a word he has to be politicized. -Karl Marx

Look familiar to all of you Libs?

[Magoo]

Here is a bunch of quotes from Papa Joe
I have put the one you will like the best first:

"When we hang the capitalists they will sell us the rope we use. "

"The death of one man is a tragedy. The death of millions is a statistic. "

"If the opposition disarms, well and good. If it refuses to disarm, we shall disarm it ourselves. "

"Education is a weapon whose effects depend on who holds it in his hands and at whom it is aimed. "

"Death is the solution to all problems. No man - no problem. "

He sure did have a way with words

[Magoo]

Look familiar to all of you Libs?

It all actually applies to our daily lives too . Like if you want to appeal to somebody you have to offer them somthing meaningful
What he said could be applied to some job sites today
Its why Unions became so popular then later people got soft they didn't know what pop went through so they said We don't need no stinkin unions telling us what to do.

[dcmilkwagon]

It all actually applies to our daily lives too . Like if you want to appeal to somebody you have to offer them somthing meaningful
What he said could be applied to some job sites today
Its why Unions became so popular then later people got soft they didn't know what pop went through so they said We don't need no stinkin unions telling us what to do.

Onions are also a step to Marxism.....which we definately don't need.

[Bubba74]

He sure did have a way with words

ask anyone that disagreed with him, oh there was no one they were all shot.

[jimmy g]

Isn't this the pipeline that WOULD have gone to Houston, had Obama not vetoed it? Had it already been headed South, the Chinese wouldn't have had an interest in it. Now Ottawa has been dealing with them, and here comes the money.....We can't blame Canada- they gave us the first option, and barry sent it to China.....

[R-14Driver]

So sorry , wong company said in my best chinese language accent .

Isn't this the pipeline that WOULD have gone to Houston, had Obama not vetoed it? Had it already been headed South, the Chinese wouldn't have had an interest in it. Now Ottawa has been dealing with them, and here comes the money.....We can't blame Canada- they gave us the first option, and barry sent it to China.....