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Provider: Thomson Reuters Stock Report
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Provider: MacroRisk Analytics/EconomicInvestor
Provider: S&P Capital IQ – STARS Reports

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Canada PM Says CNOOC Ltd's Nexen Inc Bid To Be Closely Studied-Reuters

Thursday, 6 Sep 2012 06:58pm EDT 

Reuters reported that Canada will study CNOOC Ltd's $15.1 billion bid for oil producer Nexen Inc particularly closely because the deal is large and the Chinese oil company is a state-owned enterprise, Prime Minister Stephen Harper said. Under the terms of the Investment Canada Act, Ottawa must examine the bid to determine whether it is of net benefit to Canada. Some members of the Conservative government are uneasy about the idea of a Chinese firm buying Canadian assets. 

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