Daal, here's some color from the Canadian POV (yes I'm a Canuck). The Conservatives off the press are very friendly with China, even with the human rights criticisms. This is not BHP and POT awhile back. NXY is simply a player in Alberta where there are multiple major players operating. If CNOOC were to buy out Husky or PetroCan, this may be a different story, but they are not. OPTI and NXY were involved primarily in developing the oilsands, and OPTI with it's debt problem refinanced with pretty much selling itself to NXY. My take is CNOOC is simply finishing off the pie. If the Canadian regulators didn't say no to OPTI, what reasoning are you offering that they would block NXY?
You obviously have to do your own DD and see if any policies CNOOC are implementing will lead to job cuts at NXY, hence the net benefit that the PM's office is reviewing. I would argue the real wildcard here is how much sway US influence will have on the decision. I would read up on Keystone and the Enbridge pipeline to get a feel for the climate of where Ottawa is leaning.
BTW, when you make statements like you feel the Canadian govt isn't gonna let this pass because this is a bigger asset, you really have to quantify (because you are posting this publicly) what that means. If you were to make a call on say mkt action, nobody would call you out for it, but saying you are able to observe political machinations on a small sample size is a different ballgame. Other people on this thread have called you out multiple times for that.
You obviously have to do your own DD and see if any policies CNOOC are implementing will lead to job cuts at NXY, hence the net benefit that the PM's office is reviewing. I would argue the real wildcard here is how much sway US influence will have on the decision. I would read up on Keystone and the Enbridge pipeline to get a feel for the climate of where Ottawa is leaning.
BTW, when you make statements like you feel the Canadian govt isn't gonna let this pass because this is a bigger asset, you really have to quantify (because you are posting this publicly) what that means. If you were to make a call on say mkt action, nobody would call you out for it, but saying you are able to observe political machinations on a small sample size is a different ballgame. Other people on this thread have called you out multiple times for that.