With Nexen Being Reviewed, Canada Needs Oil Links to Asia

Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd. (883)’s bid for Nexen Inc. (NXY), said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister.

As quoted in market news:

Canada is right now aggressively engaged in diversifying its energy markets with an eye to Asia. Saying ‘no thanks’ to the largest new market opportunity, namely China, would be patently unwise.

Click here to read full Bloomberg article.