A Chinese takeover of Canadian oilsands producer Nexen Inc does not raise the same concerns as a foiled foreign move two years ago on Potash Corporation of Saskatchewan , Saskatchewan Premier Brad Wall said on Tuesday.But Wall, the Canadian politician whose opposition to BHP Billiton Ltd'S hostile bid for Potash helped convince Ottawa to block the deal in 2010, said there is still reason to be cautious.China's CNOOC Ltd has offered to purchase Nexen for $15.1 billion, but the deal still needs to be approved by the Canadian government.Wall, in whose province Nexen owns part of a natural gas play, has no direct say in the decision, but is well-connected to the federal Conservative government.
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 traded higher by 0.98% or $2.0/share to $206.39. In the past year, the shares have traded as low as $163.32 and as high as $234.00. On average, 125117 shares of CEO exchange hands on a given day and today's volume is recorded at 95558.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 0.47% or $0.12/share to $25.84. In the past year, the shares have traded as low as $13.63 and as high as $26.21. On average, 9758370 shares of NXY exchange hands on a given day and today's volume is recorded at 4791870.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 1.03% or $0.26/share to $25.51. In the past year, the shares have traded as low as $14.20 and as high as $26.70. On average, 2798300 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 1105581.
Potash Corporation of Saskatchewan Inc. (PCS) is an integrated fertilizer and related industrial and feed products company. Shares of POT traded higher by 0.42% or $0.17/share to $41.10. In the past year, the shares have traded as low as $38.31 and as high as $51.60. On average, 1957900 shares of POT.TO exchange hands on a given day and today's volume is recorded at 1246836.
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