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China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!

 
Anonimity2012
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07/23/2012 02:25 PM
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China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
[link to www.foxbusiness.com]

If this goes through???Say goodbye to Canada as an independant and naturally self sustainable country! Selling our biggest asset to China???!
Our hydro and our water already sold but this???
What next?????
China is buying up everything.
Did u know china has 100 MILLION Members in the WOMENS Army alone!!! Youtube it...
Nostradamus i think said ww3 would be started by yellow man no?
Comments? Fellow canadians ??
This is diabolical and i fear for our future as a whole in north america
Chemtrails .. Fukushima radiation .. Foreign corporate takeovers ... Oh my
...
What can we do?:(
"No one can stop truth -eventually it finds a way to light .. Through someones eyes ears lips actions or heart...it always escapes"
Anonymous Coward
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07/23/2012 02:28 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Canada Indians are outraged that Europeans stole their land and call it canada
Anonimity2012 (OP)

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07/23/2012 02:31 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Article posted in above link copy and pasted
Expanding Canadian Presence, China's Cnooc Buys Nexen for $15B
By Matt Egan
Published July 23, 2012
FOXBusiness

Reuters
Marking one of Beijing's biggest bets in North America yet, China’s Cnooc unleashed a $15.1 billion takeover on Monday of Canadian energy company Nexen (NXY: 26.05, +8.99, +52.70%).
Cnooc, China’s largest producer of offshore crude oil and natural gas, agreed to pay $27.50 a share for Nexen, representing a healthy premium of 61% on the shares’ Friday close of $17.06.
The transaction marks the largest foreign acquisition by China and its largest play in North America, according to The Wall Street Journal.
Based in Calgary, Nexen employs more than 3,000 people and has oil and gas assets in the U.K., Gulf of Mexico and offshore West Africa. Last year the company generated revenue of $6.4 billion, and produced 207,000 barrels of oil equivalents per day.
“This is an exciting opportunity for us to build on our existing joint venture relationship with Nexen in Canada, and to acquire a leading international platform in the process,” Wang Yilin, chairman of Cnooc, said in a statement.
The pact still needs to be approved by U.S. and Canadian regulators, some of whom may express concern about China’s growing influence in the critical energy market.
Perhaps signaling worries about regulatory approval, shares of Nexen traded well below the $27.50 offer price. In recent action, Nexen was up 52.64% to $26.03. Cnooc was recently down 4.18% to $194.27.
Cnooc, officially the China National Offshore Oil Corporation, spelled out the benefits it believes the transaction will have for Canada. These apparent benefits include making Calgary Cnooc’s North and Central American headquarters, plans to keep the current management team and workforce in place and an intent to list Cnooc’s shares on the Toronto Stock Exchange.
In the U.S., Cnooc said its “investments in exploration and development” in the Gulf will be “maintained.”
“This transaction will allow for significant investment in our business and opens the door to new opportunities for our employees,” said Nexen interim CEO Kevin Reinhart.
Cnooc said it plans to pay for the acquisition through internal and external financing and if the deal is approved, Nexen will become a wholly-owned unit of Cnooc.
“This transaction delivers significant and immediate value to Nexen shareholders,” said Barry Jackson, Nexen’s chairman in a statement.
Cnooc holds investments in a slew of Canadian companies, including MEG Energy and OPTI Canada.
Citigroup (C: 25.34, -0.53, -2.05%) and BMO (BO) served as Cnooc’s financial advisors, while Nexen was advised by Goldman Sachs (GS: 92.81, -1.35, -1.43%) and RBC (RY: 52.41, -0.25, -0.47%).
Related Stocks
RY
52.41
ROYAL BANK O...
-0.25
NXY
26.05
NEXEN INC....
+8.99
C
25.36
CITIGROUP IN...
-0.51
GS
92.86
GOLDMAN SACH...
-1.30
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Read more: [link to www.foxbusiness.com]
"No one can stop truth -eventually it finds a way to light .. Through someones eyes ears lips actions or heart...it always escapes"
Anonymous Coward
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07/23/2012 02:33 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Canada Indians are outraged that Europeans stole their land and call it canada
 Quoting: Anonymous Coward 20298904


bushfing
Of the Stars

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07/23/2012 02:33 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Not a surprise.
Ever been to Hongcouver?
“Life lived in the absence of the psychedelic experience that primordial shamanism is based on is life trivialized, life denied, life enslaved to the ego.”
Anonymous Coward
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07/23/2012 02:34 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Willing seller, Willing buyer
STARLING

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07/23/2012 02:35 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
I bet payment was in U.S. dollars.
Of the Stars

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07/23/2012 02:36 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
I bet payment was in U.S. dollars.
 Quoting: STARLING


That also wouldn't surprise me. lol
“Life lived in the absence of the psychedelic experience that primordial shamanism is based on is life trivialized, life denied, life enslaved to the ego.”
Anonymous Coward
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07/23/2012 02:36 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
China is on a buying spree lately, they can't seem to get rid of those U$Dollars fast enough.
They know that time is short.
Anonymous Coward
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07/23/2012 02:40 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Not a surprise.
Ever been to Hongcouver?
 Quoting: Of the Stars



I heard Chinese spies are stationed there too and who could ever find them in that crowd.

Time for a head hunt
canadian oldster

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07/23/2012 02:42 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Wholly ### i live in northern ontario and they had just put a 30 million bid on one of our closed sawmills. They came late but did not get it instead a firm from India did. To manufacture RAYON from our wood.
Anonymous Coward
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07/23/2012 02:47 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Canada Indians are outraged that Europeans stole their land and call it canada
 Quoting: Anonymous Coward 20298904


Canadian Indians are the most pampered and self absorbed minority on Earth incapable of cleaning their own house both figuratively and literally.
Anonymous Coward
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07/23/2012 02:47 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
First the purchased abandoned neighborhoods and started china towns, then the purchase of failing restaurants and converting them to noodle shops, then take over the rub & tug businesses, grocery stores, now Oil sands
Of the Stars

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07/23/2012 02:49 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Fthen take over the rub & tug businesses
 Quoting: Anonymous Coward 20369064


sockpuppet
“Life lived in the absence of the psychedelic experience that primordial shamanism is based on is life trivialized, life denied, life enslaved to the ego.”
Anonymous Coward
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07/23/2012 02:50 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
The Chinese have been investors in the oil sands for quite some time now. This is nothing new.
Anonymous Coward
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07/23/2012 02:50 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
wow
Anonymous Coward
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07/23/2012 02:51 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
fossil fuel will become meaningless in future
Anonymous Coward
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07/23/2012 02:52 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
I bet payment was in U.S. dollars.
 Quoting: STARLING


Prolly spending US $$ before they carsh from inflation. Inflation should take real assets such as oil higher. Win-win for Chin
northerntomcat

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07/23/2012 03:20 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
"You won't recognize Canada when i am done with it"



Steven Harper

Last Edited by northerntomcat on 07/23/2012 03:20 PM
If you cross country ski, start with a small country.
Anonymous Coward
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07/23/2012 03:23 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Ha ha canada you have been bought and sold just like america. hail to your new owner/keeper
Anonymous Coward
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07/23/2012 03:23 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
[link to www.foxbusiness.com]

If this goes through???Say goodbye to Canada as an independant and naturally self sustainable country! Selling our biggest asset to China???!
Our hydro and our water already sold but this???
What next?????
China is buying up everything.
Did u know china has 100 MILLION Members in the WOMENS Army alone!!! Youtube it...
Nostradamus i think said ww3 would be started by yellow man no?
Comments? Fellow canadians ??
This is diabolical and i fear for our future as a whole in north america
Chemtrails .. Fukushima radiation .. Foreign corporate takeovers ... Oh my
...
What can we do?:(
 Quoting: Anonimity2012


OMFG!!!!!!!!!!!!

NO WAY! I can't believe this.

But what do you expect. Canada offered the pipeline to the US and the US turned it down.

So this is what happens.
Anonymous Coward
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07/23/2012 03:23 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
OUTRAGEOUS!! WTF are you talking about.

Westeners robbed chinese for the gold and silver for nothing. They robbed middle eastener's oil for nothing. Are you OUTRAGED? I don' think so.
Anonymous Coward
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07/23/2012 03:30 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
"You won't recognize Canada when i am done with it"



Steven Harper
 Quoting: northerntomcat


That low-life, beady eyed, scumbag, Harper. I knew from day 1, that we could not trust him. He is on par with Obama, serves the same agenda. Canadians need to fire this creep.
Epic Beard Guy
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07/23/2012 03:33 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
That could make the pipeline question a little easier. If all their oil goes to communist China, they wont need a pipeline to Texas.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
CrazyMama73

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07/23/2012 03:34 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
China is on a buying spree lately, they can't seem to get rid of those U$Dollars fast enough.
They know that time is short.
 Quoting: Anonymous Coward 20361564


That is a very good point!
CrazyMama73
Anonimity2012 (OP)

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07/23/2012 03:36 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
"You won't recognize Canada when i am done with it"



Steven Harper
 Quoting: northerntomcat


That low-life, beady eyed, scumbag, Harper. I knew from day 1, that we could not trust him. He is on par with Obama, serves the same agenda. Canadians need to fire this creep.
 Quoting: ohhappydays


"You won't recognize Canada when i am done with it"



Steven Harper
 Quoting: northerntomcat


That low-life, beady eyed, scumbag, Harper. I knew from day 1, that we could not trust him. He is on par with Obama, serves the same agenda. Canadians need to fire this creep.
 Quoting: ohhappydays


In FACT Harper was INELIGIBLE to re run for prime minister ... He was held in contempt of parliment and therefore ineligible ... He RIGGED out last election w robocalls confusing voters.. And has continued his "agenda" unrelenting... I think Jack Layton was given cancer on purpose as Hugo chavez accuses USA of doing to South american leaders!!!
Who will rescue canada when we are in illegal wars and make depleted uranium for NATO????:(

Last Edited by Annonymous User on 07/23/2012 03:38 PM
"No one can stop truth -eventually it finds a way to light .. Through someones eyes ears lips actions or heart...it always escapes"
Anubis
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07/23/2012 03:40 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
how is Nexen "our biggest asset" ?
Anonimity2012 (OP)

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07/23/2012 03:44 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
how is Nexen "our biggest asset" ?
 Quoting: Anubis


OIL. Is our biggest asset- we already sold the rest Wood-to china,-hydro, and water -To the united states-
Cana-DuH
"No one can stop truth -eventually it finds a way to light .. Through someones eyes ears lips actions or heart...it always escapes"
Anubis
§†€ªmþüñk

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07/23/2012 03:48 PM

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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
how is Nexen "our biggest asset" ?
 Quoting: Anubis


OIL. Is our biggest asset- we already sold the rest Wood-to china,-hydro, and water -To the united states-
Cana-DuH
 Quoting: Anonimity2012


ok but nexen is just one small player. 15B is not very much money.
The Venture Bros.

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07/23/2012 03:49 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
$15 billion in one company in one sector does not make or break a nation.
Anonymous Coward
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07/23/2012 03:50 PM
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Re: China buys Canadian Oil company Nexen for 15 Billion CASH! Hostile corporate takeover of canada? OUTRAGEOUS!!
Wholly ### i live in northern ontario and they had just put a 30 million bid on one of our closed sawmills. They came late but did not get it instead a firm from India did. To manufacture RAYON from our wood.
 Quoting: canadian oldster


Must be Indian spies, time to go dot head hunting.

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