Nexen Inc should have an easy time getting its shareholders to approve the $15.1 billion takeover of the Canadian oil and gas producer by China's CNOOC Ltd.The biggest risks to the deal come from politicians and bureaucrats in Canada and the United States as they agonize over how much of the continent's energy assets should be absorbed by a Chinese state-owned enterprise.Nexen shareholders vote on CNOOC's $27.50-a-share offer at a meeting at a Calgary conference center on Thursday morning, and the transaction is expected to get their blessing easily."Unless anybody wants to give back 61 percent, I would think, yeah, the shareholders should be pretty happy with that premium," Morningstar analyst Robert Bellinski said.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO fell by 0.13% or $-0.26/share to $204.64. In the past year, the shares have traded as low as $141.27 and as high as $234.00. On average, 141295 shares of CEO exchange hands on a given day and today's volume is recorded at 181116.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.28% or $-0.07/share to $25.32. In the past year, the shares have traded as low as $13.63 and as high as $26.21. On average, 9283450 shares of NXY exchange hands on a given day and today's volume is recorded at 6338471.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.32% or $-0.08/share to $24.67. In the past year, the shares have traded as low as $14.20 and as high as $26.70. On average, 2847790 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 1691462.
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