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Calgary-based oil and gas firm Nexen Inc. has agreed to be acquired by China National Offshore Oil Company in a $15.1 billion US cash deal. State-owned CNOOC Ltd. will pay $27.50 per Nexen share. That price makes the deal the largest foreign transaction that Beijing has ever attempted.
I have to bump with a new link because this is huge newest. It's the largest single purchase from China ever.
Some are already saying Canada has no choice, thanks to a U.S. President whose environmental pandering threatened to kill the Keystone pipeline and plans ship bitumen to oil-hungry American states.
That’s how Republican Congressman Lee Terry sees it, and he’s hoping the deal by China serves as a serious wake-up call for Americans.
“China wants your oil, and I don’t blame Canada at all — I blame United States policy,” said Terry, Representative for Nebraska.
Something the US and Canadians were attempting to work on a deal of extracting oil from the sand and distribute to the US via the Keystone Pipeline. Hmm...did the POTUS knew about this deal ahead?
The takeover will give CNOOC full control of Nexen’s trouble-plagued oil sand operation at Long Lake. The Chinese company acquired Nexen’s partner at Long Lake, OPTI Canada, a year ago after OPTI filed for protection from its creditors.
... a country (Canada) that once championed human rights ignoring brutal oppression in the name of an easy buck.
It's not set in stone, for Canadian regulators/government still has to evaluate the "cost benefit" to the country...
China Deal Benefits Obama Donors Administration-approved takeover by Chinese oil company provides Obama backers windfall - See more at: freebeacon.com...
Obama friend, fmr. leader of Soros-funded group, receives $340 million to run ObamaCare exchanges - See more at: redflagnews.com...