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Permalink Reply by Taylor on March 15, 2010 at 4:44

Jay, Isn't Beusa part of Bridas? Not thrilled about it if they did.

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Permalink Reply by Skip Peel - Mineral Consultant on March 15, 2010 at 7:59

"Cnooc said it would fund the Bridas deal with cash on hand. Subject to conditions, including regulatory clearance in China, the companies hope to close the deal in the first half, Cnooc said."

Though the report seems to place the emphasis on Central/South America, Cnooc is probably capable of buying anywhere and from anyone they choose thanks to all those American dollars we have been sending them the last two decades or so. Jay, any idea of the amount of Chinese steel products used in the industry?

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Permalink Reply by Checkmateking on March 15, 2010 at 9:22

China has made huge moves into South America the last 25 years, oil, gas, minerals, you name it, and we bought it for them.

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Permalink Reply by Spring Branch,mineral owner on March 15, 2010 at 11:36

For Cnooc's sake (I really don't care about their sake!) I hope Bridas USA drills better wells in other parts of the globe than they do in the Haynesville.

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