26 October 2012

CANADA / MALAYSIA / CHINA / ENERGY : Botched Petronas Takeover Deal Stuns Investors And Kuala Lumpur.


      Observers are claiming it was China's lurking and ominous shadow from a pending and massive $15 billion CNOOC deal for Nexen...and not Malaysia's worthiness...that suddenly delayed a $5.2 Progress Energy takeover by Petronas...shocked Kuala Lumpur...and investors.
     The Harper government's demand for a delay...drove down national energy stocks...and even pressured the usually strong and stable CAD.
     In the next decade...Canada needs $660 billion to develop its energy sector...but the unexpected Petronas delay has the market questioning Harper's openness to foreign monies.