Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Canada’s Oliver Says Investors Seek Guidance From Nexen Review

Canadian Natural Resources Minister Joe Oliver said he’s aware foreign investors are monitoring his government’s review of Cnooc Ltd.’s $15.1 billion proposed takeover of Calgary-based Nexen Inc. for guidance on future investments.

Oliver, in an interview with Bloomberg News in Tokyo, said Prime Minister Stephen Harper has pledged a policy “framework” to explain the government’s decision regarding the Nexen bid and future transactions.

“There are some prospective buyers who are looking at the decision and, in particular, the framework that the prime minster said would accompany or be published closely with” the Nexen decision, Oliver said Sept. 18. “They want to get some guidance as to whether whatever prospective investment they’d be making would be welcome.”

Oliver said Canada doesn’t have enough money domestically to finance all the natural resource projects planned over the next decade, which he said the government values at C$650 billion ($667 billion).

“The Asia Pacific market is potentially an important part of that and we welcome investment from Asia Pacific countries,” Oliver said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.