Nexen, Opti Canada may become targets in oil sands deal
Reports reveal that Nexen Inc. and Opti Canada Inc. may be among Canadian oil companies targeted for takeovers as a price collapse triggers a rush by larger producers to amass holdings in the biggest crude deposits outside Saudi Arabia.
Will Lee, an analyst at CIBC World Markets Inc. in Calgary, stated:
Opti won’t be around by the end of the year.
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Mon, Apr 6, 2009
Post by Melissa Pistilli, Heavy Oil Senior Reporter