UPDATE 2-Canada sticks to formula on CNOOC despite CFIUS refile

Wed Nov 28, 2012 6:17pm EST
 
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* CNOOC, Petronas decision still in near future

* Withdrawal, refiling in U.S. spark concerns about delay

* Harper's remarks suggest no Canadian delay expected

* Nexen price under pressure, Progress rises

By Randall Palmer

OTTAWA, Nov 28 (Reuters) - Canada said on Wednesday it would decide soon on two big foreign takeover bids for domestic energy companies, despite possible delays in approval by U.S. regulatory authorities.

"We intend obviously to take decisions on a couple of particular matters along with some more general guidance to the marketplace. We intend to do that in the near future and that's all I'll say about that," Prime Minister Stephen Harper said.

Harper has previously spoken about deciding in the "not-too-distant future", the "very near future" and "very soon".

Harper's government is studying a $15.1 billion proposal by China's CNOOC Ltd to buy Nexen Inc and a C$5.2 billion ($5.3 billion) bid by Malaysia's Petronas for Progress Energy Resources Corp.   Continued...