"Depressed stock prices are always attractive to investors willing to take risks.
And many Canadian energy firms’ stocks are in the doldrums, fueling talk of takeover bids, which leave many in Ottawa wondering if Chinese venture capitalists, flush with cash, will add to their Great White North portfolios.
Analysts are now speculating that three Calgary energy firms – Encana Corp., Talisman Energy Inc. and Nexen Inc. – are most likely to be in investors’ sights as ripe for takeover, due to a perfect storm of operational setbacks, inept management decisions and plummeting natural gas prices, all of which have depressed their stocks despite oil prices soaring above $100 a barrel.
Chinese-Canadian trade is booming, but as with the U.S., China enjoys a significant trade surplus. In 2010 Canada imported $44.4 billion in Chinese goods but Canadian exports to China were a relatively modest $12.9 billion.
What a difference a mere half decade makes – during the period 2006-2009, there were no major Chinese investments in Canada, while between 2001 and 2010 overall trade between the countries tripled even as Canada actually declined in terms of its overall percentage of China’s foreign trade during the decade..."
at http://247wallst.com/2012/01/20/chinas-next-big-energy-playing-field-canada/#ixzz1kDfZPRPr
And many Canadian energy firms’ stocks are in the doldrums, fueling talk of takeover bids, which leave many in Ottawa wondering if Chinese venture capitalists, flush with cash, will add to their Great White North portfolios.
Analysts are now speculating that three Calgary energy firms – Encana Corp., Talisman Energy Inc. and Nexen Inc. – are most likely to be in investors’ sights as ripe for takeover, due to a perfect storm of operational setbacks, inept management decisions and plummeting natural gas prices, all of which have depressed their stocks despite oil prices soaring above $100 a barrel.
Chinese-Canadian trade is booming, but as with the U.S., China enjoys a significant trade surplus. In 2010 Canada imported $44.4 billion in Chinese goods but Canadian exports to China were a relatively modest $12.9 billion.
What a difference a mere half decade makes – during the period 2006-2009, there were no major Chinese investments in Canada, while between 2001 and 2010 overall trade between the countries tripled even as Canada actually declined in terms of its overall percentage of China’s foreign trade during the decade..."
at http://247wallst.com/2012/01/20/chinas-next-big-energy-playing-field-canada/#ixzz1kDfZPRPr
