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Author Topic: ExxonMobil's $3B bid for Calgary firm OK’d by Ottawa Back to Topics
Nicoalbum

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Ottawa

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Message Posted: Feb 20, 2013 11:07:42 PM

Celtic Exploration Ltd. says it has Ottawa's approval to be taken over by Houston energy heavyweight ExxonMobil Corp. for $3.1 billion.

The approval under the Investment Canada Act means that no further regulatory approvals are required.

The deal, announced last October, will see Exxon add lucrative natural gas liquids to its portfolio through the control of about 221,000 hectares in the Montney formation in B.C. and Alberta and 42,000 hectares in the emerging Duvernay shale in Alberta.

Separately, Imperial and ExxonMobil have discussed building a liquefied natural gas export facility on Canada's West Coast to enable the fuel to reach more lucrative Asian markets.
Visit CBC News for full article
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Feb 21, 2013 4:59:03 AM

pretty dumb... an american company buys a canadian company and ressources to export to asia!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

why not keep the stuff here and supply the north americanmarket.... answer you ask??? more profits in exports!!!!
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1momsunshine
Champion Author Ottawa

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Message Posted: Feb 21, 2013 12:32:54 AM

not yet
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Nicoalbum
Champion Author Ottawa

Posts:8,998
Points:1,791,535
Joined:Jan 2010
Message Posted: Feb 20, 2013 11:08:22 PM

Yes, more lucrative Asian markets
We will have to burn coal instead
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