Hints and tips:
...“They had already invested in Canada through Opti....
...However, Cnooc’s acquisition of Nexen will be the most serious measure yet of how far China Inc has come in its global dealmaking ability....
...Cnooc has acquired more Canadian assets since, culminating in last year’s purchase of the bankrupt oil sands producer OPTI Canada....
...The Sinopec-Daylight deal is the largest takeover by a Chinese oil company in North America, and follows Cnooc’s $2.1bn deal this year to buy Opti Canada, which was on the verge of bankruptcy....
...companies buy businesses both in the rich world and in other emerging markets, with the Chinese leading the way: the largest Chinese overseas deal so far this year was state oil group Cnooc paying $2.1bn for Opti...
...Opti warned last month that it was unable to make interest payments totalling $71m, due on June 15. It had a one-month grace period to stave off a formal default....
...Recent deals include Sinopec’s $2.1bn takeover of Canada’s Daylight Energy earlier this month, and Cnooc’s acquisition of Opti Canada for $2.1bn in July....
...In July, Cnooc of China agreed to acquire Opti Canada, a bankrupt Calgary-based oil sands producer, for $2.1bn, including debt, and PetroChina and Sinopec have also made investments....
...The rest of the purchase price will be channelled to Opti’s creditors....
...● China’s state-owned Cnooc agreed in July to acquire Opti Canada, a bankrupt oil sands producer, for C$2.1bn....
...Cnooc , China’s biggest offshore oil producer by sales, fell 3.3 per cent on the week to HK$17.32 after agreeing to acquire OPTI Canada, the bankrupt Calgary-based oil sands producer, for $2.1bn including...
...Opti Canada was in bankruptcy and its price is just $34m cash plus $2bn in debt, raising Cnooc’s proven reserves by 5 per cent....
...Major Chinese oil deals this year include Cnooc’s $1.3bn investment in shale oil projects with Chesapeake Energy of Oklahoma, and more recently Cnooc’s $2.1bn purchase of Opti Canada, an oil sands producer...
...China Inc’s rumbling appetite for foreign companies can be heard across the globe. This is not new....
...Cnooc , China’s biggest offshore oil producer by sales, extended losses, falling 3.6 per cent to HK$16.86 after agreeing to acquire bankrupt Calgary-based oil sands producer OPTI Canada for $2.1bn including...
...retail investments - Investors risk handbagging in luxury goods - Ringfencing threatens higher loan costs - Japan halts nuclear plant clean-up - Vale venture in Argentina in limbo - Opti...
...In late 2005, Antonio Ibanez gets a $103,500 adjustable-rate mortgage loan on a Springfield, Massachusetts property from Rose Mortgage Inc....
...And, having screened the companies according to size, viability, materiality and growth, it identifies the following possible targets: On this basis, Tullow, Soco, Cairn India, OPTI (not covered), Hess,...
...Other mid-sized Canadian companies such as Encana, Canadian Natural Resources, Husky Energy and Opti Canada, suddenly find themselves facing a much larger competitor, and will be reassessing their positions...
...In recent weeks, several companies operating there, including Suncor, Petro-Canada, Nexen and Opti Canada, have delayed investment plans....
...Calgary-based Nexen and Opti Canada have pushed up the estimated cost of their Long Lake project, to C$6.1bn ($6.03bn), almost double the original estimate of C$3.4bn....
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