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China National Offshore Co

Growth Alone Is Not the Answer

Jeffrey Rubin | Posted 12.10.2012 | Business
Jeffrey Rubin

Why do you think Calgary-based Nexen Inc. is so eager to sell to China National Offshore Oil Corp.? While state-owned CNOOC thinks it is buying a strategic reserve, what it is really buying are huge cost overruns and production delays.

From the Commune to the Condo

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

According to Mark Saunders, president of Achelous Partners, LLC, a conspicuous Chinese entry into Corporate America is on the way. China is hungry to snare U.S. companies as a way to get access to the American market.