Canada should allow China's state-owned CNOOC Ltd to purchase Canadian oil company Nexen Inc, a former central bank chief said on Wednesday, brushing aside arguments that oil is a "strategic" resource off-limits to foreigners.David Dodge, who was Bank of Canada Governor from 2001 to 2008, listed some factors to consider when reviewing the $15.1 billion bid, including the country's need for foreign financing and the hefty premium CNOOC is willing to pay for the asset."How can that not be in our interest?" Dodge said to reporters after delivering a speech in Ottawa.Dodge is now a senior adviser at law firm Bennett Jones LLP and a respected commentator on public policy issues.
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 0.26% or $0.52/share to $199.02. In the past year, the shares have traded as low as $163.32 and as high as $234.00. On average, 127165 shares of CEO exchange hands on a given day and today's volume is recorded at 71742.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 0.27% or $0.07/share to $25.64. In the past year, the shares have traded as low as $13.63 and as high as $26.21. On average, 9683880 shares of NXY exchange hands on a given day and today's volume is recorded at 2716689.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 0.64% or $0.16/share to $25.15. In the past year, the shares have traded as low as $14.20 and as high as $26.70. On average, 2784830 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 560194.
Source
