Nexen deal called dangerous precedent

[Hopperbin]

Reminds me of the poor student working at the Tim Hortons one day. Everyone was speaking a language he did not understand. Can someone at least teach these ass holes to speak English first so we know what the hell is going on?

[mustardman]

coleville I'm not saying we should have state controlled oil
I am saying we should not allow companies to be sold to Foreign COUNTRIES
Why Do you suppose they are offering a 50 % premium for the shares?
Because they are not another publicy traded company, they are a COUNTRY

[ASRG]

mustard: Maybe we should have state owned oil? Seems to work for Norway, Saudi Arabia, Venuzuala?
All of these countries own the oil and the big oil companies are just the hired help working for a fee?
Even Danny Williams cut a deal where Newfoundland gets an equity position in the wells?
Consider this: If we had taken the initial money in the Heritage Trust Fund and invested it in our own resources, and hired the oil companies to do the work, how much better off would we be?
Norway has a smaller oil field than Alberta and has saved up over $500 billion? Where is our $500 Billion.....in some oil company's pocket?

[wilagro]

ASRG: And perhaps in a number of politicians pockets as well. Brown paper envelopes slipped under doors comes to mind.

The oil industry in Alberta should NEVER have been dominated by outside interests...we have no one to blame but our stupid politicos no matter what their stripe.

[wilagro]

ASRG: And perhaps in a number of politicians pockets as well. Brown paper envelopes slipped under doors comes to mind.

The oil industry in Alberta should NEVER have been dominated by outside interests...we have no one to blame but our stupid politicos no matter what their stripe.

[wilagro]

Someone had better attend to the software as we are getting LOTS of duplicated or repeated postings.

Hey Joe, where are you?

[mustardman]

ASRG and Wilagro I have to agree with you but we'd have to go slow with this the bunch on this site.
They don't think there is anything wrong with China owning everything here... but if our own government owns it then its bolshevism

[nicolaas]

I do not think this deal will go through. I think cooler heads will prevail. Heard on the radio that the U.S. has strong objections to giving subsidized oil to China. Seems that some of Nexen's Gulf wells have close to zero royalties on them as well. Repubs and Dems are up in arms with this potential deal. I never thought that the american politicians had more brains than ours...