Canadian Deals

Corporate Counsel

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Cnooc
Nexen

The frenetic M&A action in Canada's energy sector shows no signs of cooling off, as demonstrated by the $15 billion offer that China National Offshore Oil Corporation (CNOOC) made on July 23 for Calgary-based Nexen Inc., a major player in Alberta's oil sands. What may be cooling off is the Canadian government's enthusiasm for foreign ownership in the sector.

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