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Why China Is Targeting Canadian Energy
Earlier this week, news broke that China’s biggest offshore producer, CNOOC (CEO), purchased Canadian energy firm Nexen (NXY) for $27.50 a share … a whopping 66 percent premium to Nexen’s 20-day average price. . . . → Read More: Why China Is Targeting Canadian Energy
Tom Essaye

Earlier this week, news broke that China’s biggest offshore producer, CNOOC (CEO), purchased Canadian energy firm Nexen (NXY) for $27.50 a share … a whopping 66 percent premium to Nexen’s 20-day average price.

While this is just one merger, it underscores a trend I’ve been watching and discussing for some time: Chinese … [visit site to read more]

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