Heavy Oil Investing News » Nexen, Opti Canada may become targets in oil sands deal

Nexen, Opti Canada may become targets in oil sands deal

April 6, 2009 @ 12:11 pm In Heavy Oil Company News

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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