Weekend Edition: Expect More Energy Deals in 2011

Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web.

A significant energy deal is in the works between China and the province of Saskatchewan, the managing director of Saskatchewans trade and investment representative office in Shanghai said Wednesday. The deal is expected to be closed by May.

This is not the first time China invests in Canadian energy resources such as oil sands or uranium and it certainly will not be the last. The Chinese are playing a game similar to the ‘Risk’ board game substituting military units by $ units all over the world on resource deposits.

In 2010, M&A activity in the energy sector totaled $31.9 billion in 95 transactions. The largest transaction of 2010 was Sinopec acquiring ConocoPhillip’s working interest in Syncrude Canada Ltd. for $4.7 billion.

I am expecting another strong year in M&A for 2011. If I’m lucky again, one of my holdings gets taken over just like GPX was taken out last year. The deals will continue to be oil focused until we see a turnaround in natural gas prices.

Looking at the bigger picture, I wonder: will?? the USA wake up too late to a new reality where the Chinese successfully secured massive uranium, oil and gas resources all over the world? How is the US preparing to face the energy challenge of the future? Only time will tell’

Economic roundup:

Chinas 2010 Auto Sales Top 18m Units

China warns of pressure on food supply in next 5 yrs

Why You Cant Trust the Inflation Numbers

China to create largest mega city in the world with 42 million people

Price Drop Points to Likely Double Dip in Housing Market

Weekly blog roundup:

Invest it Wisely: Are Emergency Savings Necessary?

My Journey to Millions: Cable and Satellite Companies You Can Do Better

Balance Junkie: Are Smart Meters a Dumb Idea?

Larry McDonald: The rising cost of Government means taxpayers in all brackets are better off avoiding RRSPs

Canadian Capitalist: The advantages of RRSPs over TFSAs.

Canadian Finance Blog: Five Big Flaws of Buy and Hold

DIY Investor: Want to be Warren Buffett But Too Lazy?

The Passive Income Earner: Dividend Yield: Scotia Bank (TSE:BNS)

My Own Advisor: Organized cashflow with dividends

Canadian Finance Blog: Five Big Flaws of Buy and Hold

101 Centavos: Dividend Stocks

Money Smarts: TD Waterhouse Discount Brokerage Review

I hope youre enjoying your Weekend!