UPDATE: Nexen (NXY) Drops on Chatter CNOOC Deal; Canadian Govt to Make Announcement
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(Updated - December 7, 2012 3:33 PM EST)
Nexen, Inc. (NYSE: NXY) shares are dropping today. The company is being pursued by CNOOC (NYSE: CEO), though CNOOC has had trouble clearing the deal with the Canadian government.
UPDATE - The Canadian Government is said to make an announcement this afternoon.
Shares are now down 6.5 percent Friday. The stock is halted on the Toronto Stock Exchange.
Nexen, Inc. (NYSE: NXY) shares are dropping today. The company is being pursued by CNOOC (NYSE: CEO), though CNOOC has had trouble clearing the deal with the Canadian government.
UPDATE - The Canadian Government is said to make an announcement this afternoon.
Shares are now down 6.5 percent Friday. The stock is halted on the Toronto Stock Exchange.
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