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News Breaks | | | | November 19, 2012 | | 15:16 EDT |  | NXY, CEO | Nexen shares fall after Canadian PM comments on foreign investments
Shares of Nexen (NXY) which has been the object of a takeover bid by China's CNOOC (CEO) are trading lower after Canada's Prime Minister Stephen Harper said, as reported by Reuters, that stat-owned enterprises are different from publicly traded companies when it comes to foreign investment in the country's energy sector. CNOOC is a state owned company in China. In late afternoon trading shares of Nexen are down almost 1% to $25.39. | |
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