Investopedia: CNOOC Paying Up For An Undervalued Canadian Oil Asset
Canada and China have had an interesting relationship over recent years.
While Canada has certainly appreciated China's boundless appetite for
its ores, agricultural products and energy exports, it has not been
quite so appreciative of the efforts of Chinese companies to acquire
operating assets in the country. So while CNOOC's (NYSE:CEO) announced intention to acquire Nexen (NYSE:NXY) makes sense on many levels, it may not be a total certainty that the deal goes through.