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(Mu Sen/THE CANADIAN PRESS)

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Fears of state-owned energy acquirers misplaced

People like Prime Minister Stephen Harper may be worrying too much about foreign state-controlled companies buying homegrown companies. Mr. Harper, who is mulling CNOOC’s $15.1-billion bid for oil company Nexen, is skeptical. The fear is the motives of such companies are more than commercial. But evidence from a recent study suggests that if state buyers have a hidden agenda, they aren’t paying for it.