China Knows Best When it Comes to Investing in the Canadian Energy Sector
November 14, 2013 at 15:47 PM EST
Since 2008, the Chinese have been investing in the North American oil sector at a rate of almost $1 billion a month. Much of those funds have been directed into the Canadian oil and natural gas industry, such as the $11 billion purchase of Nexen by CNOOC (NYSE: