UPDATE: Nexen (NXY) Drops on Chatter CNOOC Deal; Canadian Govt to Make Announcement

December 7, 2012 3:31 PM EST
(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.

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