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Dec 7 (Reuters) – Canadian ministers cleared Chinese
state-owned energy company CNOOC Ltd’s $15 billion bid
to buy Canadian oil and gas producer Nexen Inc,
allowing the largest foreign takeover by a Chinese firm to
proceed.
The following is instant reaction from investors and
analysts.
PHIL WEISS, OIL ANALYST, ARGUS RESEARCH, NEW YORK
“Every time Canada allows oil to go outside the U.S. it’s
bad for us unless you believe the EIA (U.S. Energy Information
Administration) report. To me it’s a potential negative because
it takes away our opportunity to get oil from an ally.”
(Reporting By Anna Driver in Houston)
