Selling Out to State Owned Companies

[mustardman]

2 Years after the Potash debacle(WHEN CLEAR RULES WERE SUPPOSED TO BE LAID OUT) Mr. Harper has decided to let CNOOC and Petronas to Own Big chunks of OUR OIL INDUSTRY. WTF

[SASKFARMER3]

Mustard for once were on the same page not sure
where this will take us as a country!

[furrowtickler]

Agreed, this one makes me uneasy.

[Fransisco]

http://www.smalldeadanimals.com/archives/022161.html#comments

Nexen-CNOOC deal approved… que Left-wing sheep rants with no understanding of economics, the company, or the terms.
The Rant: China is taking over our resources.
The Reality: The Alberta government owns all the producing and non-producing leases that Nexen has. Nexen has maybe 1.5 billion barrels of oil equivalents, and the oil sands alone contain over 1500 billion barrels. 90 percent of Nexen's Q3 cash flow came from outside of Canada, so it's only 10 percent "Canadian" resources anyway… Not a huge deal. Anyone in the Financial markets or the Oil and Gas industry knows this is the right decision and will result in increased productivity and job production in Canada. This small stake is not a threat to national security.

The Rant: China is going to take all the jobs and move them to China.
The Reality: Not allowed under the restrictions. More jobs created in Canada due to increased Capital injections.

The Rant: The NDP or Liberals would never do this.
The Reality: No previous Governments have ever blocked a foreign takeover. The Conservatives were the first with the blocking of the Potash deal.

There is a huge amount of ignorance and uneducated opinions on this topic, which is why there is a backlash from lefty loonies. Canadians who understand the full terms and the free market economy should be happy.

The US had a monopoly on our oil and were paying $25.00 per barrel less than world prices. That will end. Maybe the yanks should have thought thru using the Keystone pipeline as a political tool to appeal to the President's anti free market base.

Elections have consequences. Canada has no intention of following the now marxist USA into the dumper. When you shit on your friends, don't be surprised when they find new friends.

[Burbert]

Wowsers, Fresno you is one smart as red
neck framer. Wes lucky ta have ya ta set
things straight. Wit all the good news
that ya posted, us Comedians can now sit
back on our kesters and enjoy the view,
hordes and hordes a yellow faces crawlin
all over Comedia, just mean wes gonna get
richer, and richer and richer. Heil
Harper!

[wilagro]

Fransisco: Reality: Harper is a friggin idiot and a !@#$% Quisling ready and willing to sell-out to the highest bidder.

Whenever Harper has a news conference he has that damned water bottle handy and is always swigging away. Its like a crutch that he uses whenever he makes an unpopular announcement or is about to tell a whole raft of LIES or EXCUSES for what he is about to do.

"Future restrictions and exceptional circumstances"...what kind of b.s. is that all about?...he could have stopped these deals but didn't...never mind the future crap.

I wish we were close to election day...this Harper clown would go down same as Mulroney did after he pulled the wool over our collective eyes.

[agstar77]

The other shoe is about to drop as marketing boards are on the table in free trade talks. Yeah, you got what you voted for. Free ride for dairy and egg farmers is over.

[wilagro]

Yes, Harper will really be sucking water when he announces the end of the marketing boards. It'll also be the end of the love affair with the farm voters...especially in Ontario and Quebec...(and more than a few in western Canada).

[rockpile]

Just to be fair China is not the only Govt owned
enterprise with investments in the tarsands.
Norway, Britain, South Korea, Japan and the
Emirates to name a few. Why is everyone upset? The
Alberta Govt has been sending missions to China to
get interest and investment for years and years.
And Harpster has been pushing hard since 2010. So
how could anyone say 'no' when the Government's
hopes and dreams came true? I don't think the
Chinese are in it for anything but the money - same
as everyone else. And they happen to have the
capital when no one else seems too. And Fresno is
right - Nexen isn't that big a player and they were
up for sale. Maybe this will excite China to purchase
more of their nutritional needs from us because in
their eyes we are fair and honourable traders. Time
will tell.

[rhoff]

The petronas takeover was 6billion. The LNG
terminal will be about 10 billion to build. I call that
a net benefit.