![\"\"](\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/07\/CNOOC-Logo.jpeg\" "\\"CNOOC"){kind=logo}
![\"\"](\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/07\/Nexen-Inc-logo.png\" "\\"Nexen"){kind=logo}
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Dear\u00a0PGM-Capital<\/strong>\u00a0Blog readers, The purchase price, which totals approx US$ 15.1 billion<\/strong>, represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July 20, 2012.<\/p>\n Copy of CNOOC Ltd press release<\/a><\/p>\n Copy of NEXEN Inc press release<\/a><\/p>\n This CNOOC – NEXEN deal clearly shows in our opinion the long-term thinking strategy of China and its leading companies, in the sense that step by step they are positioning themselves to become the new Economic super power, by acquiring strategic and scarce natural resourses and at the same time by diversifying out of the US-Dollar, by paying for these acquisitions in cash.<\/p>\n Here below you’ll find an all-time chart of CNOOC Ltd.<\/p>\n We placed CNOOC Ltd, on our watch list early October 2008 and based on its fundamentals,\u00a0P\/E ratio of 7.92<\/span>,\u00a0dividend<\/span><\/strong>\u00a0yield of 3.20%<\/strong><\/span>\u00a0(based on its closing of Friday July 20 2012) <\/em> and Quick ratio of 1.8, we have a STRONG-BUY rating<\/strong><\/span>\u00a0on the company.<\/p>\n Last be but not least, before following any investing advice, always take your investment horizon and risk tolerance into consideration and keep in mind that the price of Commodities as well as the stocks of their producers can be very\u00a0volatile and that sharp corrections may occur in the short term.<\/p>\n Yours sincerely<\/p>\n Eric Panneflek \n","protected":false},"excerpt":{"rendered":" Dear\u00a0PGM-Capital\u00a0Blog readers, Today July 23rd 2012, China\u00a0CNOOC Ltd (NYSE: CEO, HKSE: 0883.HK) anounced that it has entered into a definitive agreement to acquire all the outstanding common shares of Canadian Oil & Gas Company NEXEN Inc (NYSE: NXY, TSX: NXY),\u00a0for US$27.50 per share in cash. The purchase price, which totals approx US$ 15.1 billion, represents[…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9,24,10,19,12,29,15,1,17,18],"tags":[],"class_list":["post-6034","post","type-post","status-publish","format-standard","hentry","category-commodities","category-emerging-markets","category-energy","category-eric-panneflek","category-financial-news","category-inflation","category-merger-acquisition","category-pgm-capital","category-uncategorized","category-us-dollar","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/6034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=6034"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/6034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=6034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=6034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=6034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nToday July 23rd 2012, China\u00a0CNOOC Ltd<\/strong> (NYSE: CEO, HKSE: 0883.HK) anounced that it has entered into a definitive agreement to acquire all the outstanding common shares of Canadian Oil & Gas Company NEXEN Inc<\/strong> (NYSE: NXY, TSX: NXY),\u00a0for US$27.50<\/strong> per share in cash.<\/p>\n![\"\"](\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2012\/07\/CNOOC-Ltd-all-time-Chart1.png\" "\\"CNOOC")
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\nChairman<\/p>\n