Nexen: One and Done
December 10, 2012 at 15:17 PM EST
The Canadian government's decision to approve China's government-owned energy company, Cnooc's (NYSE: CEO ) takeover of Nexen (NYSE: NXY ) puts an end to vague policies regarding the acquisition of Canada's strategic assets by foreign governments. Canadian Prime Minister Stephen Harper approved both the Cnooc takeover of Nexen