Nexen

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An Oil Railway In B.C.?

OTTAWA - CN Rail, at the urging of Chinese-owned Nexen Inc., is considering shipping Alberta bitumen to Prince Rupert, B.C., by rail in quantities matching the controversial Northern Gateway pipeline,...
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CNOOC-Nexen Deal Closes

CALGARY - Chinese state-owned firm CNOOC Ltd. is now officially in control of Calgary oil and gas producer Nexen Inc. (TSX:NXY).CNOOC's $15.1 billion takeover of Nexen, first announced last July, was...
CP

2012: Winners and Losers of Canadian Politics

The jet lag has passed and the Christmas decorations (for some of us at least) are put away in storage. With 2013 stretching out before us, let's reflect on the year that was 2012 in Canadian politics. The best and worst political stories, the best and worst politicians and the biggest sellout.

The Nexen Deal Is Only the Beginning

After the Nexen deal was approved, Prime Minister Stephen Harper framed this as the "end of a trend" not the "beginning" of a buyout frenzy by more sovereign-owned enterprises (SOEs). But this is not the end. This is the beginning of the beginning. Phone calls are already being made to launch new buyouts by foreigners here.