NYSE:NXY.P.B - Post by User
Post by
prairie08sheikon Jul 23, 2012 6:06pm
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Post# 20144136
CNOOC YUAN OVER Competitors for NXY
CNOOC YUAN OVER Competitors for NXY NXY was a very attractive target for their world wide oil production areas.
Think of the all the positive things to come out of this. Another giant oil company in the oil sands which with their presence could be a limited partner in the oil pipeline to the Pacific. This purchase also puts them in America's back yard (Gulf of Mexico). There was some talk of large oil fields off Cuba. Could CNOOC now be the potential developer of them? Who knows what headlines there would be in the Miami papers-Castro ruins Florida beaches. Another positive is being in the North Sea and being a partner in the developments there rather than being an outsider looking in.
Just lookint at the oil sands region, NXY is in quite a few areas and partnerships. Jacos/Nexon; Nexon/Jacos/Suncor/Imperial-Stoney Mtn & Chard; Imperial/Nexon/Jacos-Corner.