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China's CNOOC buys NEXEN, Canadian Oil & Gas.....LIP
I was actually going to post this as well. It's a pretty large purchase and shows China's continued push towards buying real assets around the world, especially in Canada and Africa, it seems. I would be surprised if it wasn't approved, as other recent actions by various Chinese interests in Canada have been approved.
I think this is also kinda interesting: "8:44 AM ET Cnooc CEO: Seeks To Be Listed At Toronto Stock Exchange After Acquisition Of NexenDow Jones"
CNOOC's pink-sheet foreign ordinary shares are $2. (CEOHF.PK) it also pays a pretty decent dividend.
I believe this trend lend itself to the consideration of the fund, TOLSX, (DWS RREEF Global Infrastructure S) which I came across this past week. It is a well diversified global infrastructure fund.
Reply to @bee: I started a mild position in an infrastructure stock on Friday, but I would definitely wait before adding further to anything. I think some infrastructure sectors are particularly interesting, but I would also look for ones that offer a very nice dividend.
Comments
I think this is also kinda interesting: "8:44 AM ET Cnooc CEO: Seeks To Be Listed At Toronto Stock Exchange After Acquisition Of NexenDow Jones"
CNOOC's pink-sheet foreign ordinary shares are $2. (CEOHF.PK) it also pays a pretty decent dividend.
More detailed article: http://www.bloomberg.com/news/2012-07-23/cnooc-to-buy-canada-s-nexen-for-15-1-billion-to-expand-overseas.html
TOLSX
Fund Mojo:
http://www.fundmojo.com/mutualfund/fund_report/mutualfund/TOLSX
(Sinopec = China Petroleum & Chemical Co)
Sinopec buys Talisman North Sea stake for $1.5 bln
55 min ago - Steve Gelsi
Sinopec buying Talisman assets for $1.5 bln
8:12 a.m. Today - Steve Gelsi