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Ottawa approves Nexen, Progress foreign takeovers

The Globe & Mail -- Prime Minister Stephen Harper has erected new barriers to investment by state-owned companies, fencing off the oil sands from further control by foreign governments.

Mr. Harper announced Friday that his government has approved two controversial acquisitions by Asian companies of domestic oil and gas producers, but essentially barred state-owned companies from buying some of Canada’s biggest energy companies, such as Suncor Energy Inc. or Cenovus Energy Inc.

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Submitted Dec 08, 2012 By: NO_SWEAT

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Dec 12, 2012 6:02:36 AM Ignore honda0105 Report Abuse Soon it's going to be North America, an extension of China (cynical laugh).
HailstormCA Champion Author San Diego Posts:7,850 Points:1,471,045 Joined:Nov 2008	Message Posted: Dec 9, 2012 11:56:27 PM Ignore HailstormCA Report Abuse Easy money now, but the future?
BMWer Champion Author Calgary Posts:2,071 Points:1,665,345 Joined:Dec 2003	Message Posted: Dec 9, 2012 2:40:18 PM Ignore BMWer Report Abuse This deal will provide more oil for both Canada and the US. It will also open up trade with China. Yes, China needs oil and will export it to their country...but it will create jobs in the oil patch..and will benefit all of North America.
KAR120CSII Champion Author Oregon Posts:3,182 Points:620,820 Joined:Apr 2010	Message Posted: Dec 9, 2012 1:01:44 AM Ignore KAR120CSII Report Abuse Harper wants more money from them for his election?
LocalSpyGuy Champion Author Tampa Posts:7,800 Points:1,585,175 Joined:Nov 2008	Message Posted: Dec 9, 2012 12:15:50 AM Ignore LocalSpyGuy Report Abuse Old article.
vrossi46 Champion Author San Jose Posts:2,672 Points:804,920 Joined:Oct 2008	Message Posted: Dec 9, 2012 12:06:08 AM Ignore vrossi46 Report Abuse watch out, you know china will buy everything out from under us
movietracker All-Star Author Pennsylvania Posts:695 Points:162,390 Joined:Mar 2011	Message Posted: Dec 8, 2012 11:46:53 PM Ignore movietracker Report Abuse Ok
joeschmo12 Champion Author New York Posts:1,016 Points:306,240 Joined:Mar 2012	Message Posted: Dec 8, 2012 11:41:28 PM Ignore joeschmo12 Report Abuse we got some countries in asia that is like pacman trying to eat up the world's resources
menagerie1013 Champion Author San Diego Posts:2,365 Points:689,990 Joined:Apr 2011	Message Posted: Dec 8, 2012 11:32:07 PM Ignore menagerie1013 Report Abuse China wants to be America's hat.
us4usa Champion Author Missouri Posts:5,987 Points:1,112,310 Joined:May 2008	Message Posted: Dec 8, 2012 11:21:21 PM Ignore us4usa Report Abuse Do you think China wants to buy Canada???
Buddy2264 Champion Author Tampa Posts:11,654 Points:2,359,970 Joined:Oct 2005	Message Posted: Dec 8, 2012 11:17:50 PM Ignore Buddy2264 Report Abuse Soon we will find we own nothing in North America.
Settjec Champion Author Little Rock Posts:1,979 Points:687,745 Joined:May 2010	Message Posted: Dec 8, 2012 11:12:45 PM Ignore Settjec Report Abuse Ok....
itzagasgasgas1 Champion Author Cincinnati Posts:3,974 Points:1,599,495 Joined:Aug 2005	Message Posted: Dec 8, 2012 11:09:22 PM Ignore itzagasgasgas1 Report Abuse Hope so
NemoIL Champion Author Illinois Posts:3,020 Points:1,312,245 Joined:Aug 2008	Message Posted: Dec 8, 2012 11:08:48 PM Ignore NemoIL Report Abuse Good for them. Smart move.
barbs24 Champion Author Virginia Beach Posts:3,139 Points:2,040,570 Joined:Feb 2006	Message Posted: Dec 8, 2012 11:07:54 PM Ignore barbs24 Report Abuse We'll see
MRHONEST Champion Author Illinois Posts:2,212 Points:1,675,680 Joined:May 2007	Message Posted: Dec 8, 2012 11:06:47 PM Ignore MRHONEST Report Abuse OK
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,230 Joined:May 2011	Message Posted: Dec 8, 2012 11:04:52 PM Ignore gd83goldwinger Report Abuse All I can say is will see what happens.
Lukus Champion Author Halifax Posts:8,283 Points:1,674,530 Joined:Nov 2007	Message Posted: Dec 8, 2012 11:03:29 PM Ignore Lukus Report Abuse TheThorn is correct. The execs will sell anything as long as they make big money for little work.
TheThorn All-Star Author South Carolina Posts:820 Points:784,185 Joined:Sep 2008	Message Posted: Dec 8, 2012 10:58:20 PM Ignore TheThorn Report Abuse so it's the same old story?? the 'owners/ceos' who make billions off these deals are more than willing to sell out to anyone to make a profit no matter the consequences to their own country. if you don't believe it just look at the US as a result of NAFTA. all our jobs are gone while the fat cats are dining on caviar and lobster.
BBHybrid Champion Author Pittsburgh Posts:6,469 Points:1,295,025 Joined:Aug 2008	Message Posted: Dec 8, 2012 10:57:57 PM Ignore BBHybrid Report Abuse we will see how this plays out
rasprout Champion Author Tacoma Posts:3,367 Points:1,220,785 Joined:Jun 2009	Message Posted: Dec 8, 2012 10:55:42 PM Ignore rasprout Report Abuse Nice to see other countries not allowing purchase of their resources by State owned companies (i.e. China and others)... A step in the right direction.
mazda03 Veteran Author Quebec City Posts:275 Points:1,278,710 Joined:Nov 2006	Message Posted: Dec 8, 2012 10:51:35 PM Ignore mazda03 Report Abuse we'll see
CorvairHaven Champion Author Cleveland Posts:4,354 Points:1,453,940 Joined:Sep 2008	Message Posted: Dec 8, 2012 10:51:01 PM Ignore CorvairHaven Report Abuse Protectionism.
wayoung56 Champion Author Alabama Posts:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Dec 8, 2012 10:50:56 PM Ignore wayoung56 Report Abuse Hmmm...
Discovery02 Champion Author Colorado Springs Posts:2,560 Points:310,665 Joined:May 2012	Message Posted: Dec 8, 2012 10:50:01 PM Ignore Discovery02 Report Abuse Sounds like the Canadian government is making some smart decisions about keeping Canada Canadian.
Blue48 Champion Author Illinois Posts:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: Dec 8, 2012 10:47:52 PM Ignore Blue48 Report Abuse WE LOVE YOU..YOU CRAZY CANADIANS!
WIPACKERFAN Champion Author Chicago Posts:8,804 Points:1,843,450 Joined:Aug 2005	Message Posted: Dec 8, 2012 10:47:49 PM Ignore WIPACKERFAN Report Abuse OK
sljbc475 Champion Author Tucson Posts:4,220 Points:872,375 Joined:Dec 2010	Message Posted: Dec 8, 2012 10:44:33 PM Ignore sljbc475 Report Abuse Ok
bevmill Champion Author Georgia Posts:2,577 Points:600,320 Joined:Apr 2006	Message Posted: Dec 8, 2012 10:43:39 PM Ignore bevmill Report Abuse I will take a wait and see attitude.
flyfast Champion Author Kansas City Posts:9,248 Points:1,825,810 Joined:Jan 2008	Message Posted: Dec 8, 2012 10:43:15 PM Ignore flyfast Report Abuse ok
DustyHorse Champion Author Virginia Posts:6,085 Points:1,391,805 Joined:Oct 2008	Message Posted: Dec 8, 2012 10:41:30 PM Ignore DustyHorse Report Abuse Too bad.
TimTim All-Star Author Vancouver Posts:568 Points:1,444,750 Joined:Aug 2004	Message Posted: Dec 8, 2012 10:39:08 PM Ignore TimTim Report Abuse let's wait & see...
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Dec 8, 2012 10:35:45 PM Ignore DEG Report Abuse Sounds like Canada is on the path to being owned by China as is the US.
walkingtall Champion Author Toronto Posts:3,994 Points:1,120,705 Joined:Nov 2004	Message Posted: Dec 8, 2012 10:35:36 PM Ignore walkingtall Report Abuse Ottawa approves Nexen,Progress foreign takeovers and we'll have to wait and see what happens next.
idigau22 Champion Author Washington Posts:23,405 Points:3,201,010 Joined:Apr 2003	Message Posted: Dec 8, 2012 10:28:38 PM Ignore idigau22 Report Abuse Guess you will have to wait and see what happens!
mcmonsta Champion Author Honolulu Posts:3,227 Points:817,795 Joined:Sep 2009	Message Posted: Dec 8, 2012 10:28:31 PM Ignore mcmonsta Report Abuse yes, protect your assets or pay the price
BigDenOH Champion Author Cincinnati Posts:2,354 Points:579,325 Joined:May 2011	Message Posted: Dec 8, 2012 10:17:17 PM Ignore BigDenOH Report Abuse Yea, right
mrbee Champion Author Little Rock Posts:3,754 Points:2,465,980 Joined:Oct 2005	Message Posted: Dec 8, 2012 10:14:53 PM Ignore mrbee Report Abuse Ok.
slowpoke63 Champion Author Louisiana Posts:2,737 Points:886,390 Joined:Jul 2009	Message Posted: Dec 8, 2012 10:12:35 PM Ignore slowpoke63 Report Abuse We'll see.
Gville Champion Author Ohio Posts:1,321 Points:1,123,325 Joined:Dec 2006	Message Posted: Dec 8, 2012 10:11:42 PM Ignore Gville Report Abuse But the US is supposed to let one of their companies tell us what to do?
Toppers Champion Author Atlanta Posts:9,012 Points:2,470,695 Joined:Mar 2005	Message Posted: Dec 8, 2012 10:11:17 PM Ignore Toppers Report Abuse Guess we'll see...
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Dec 8, 2012 10:02:59 PM Ignore LostToo Report Abuse N/A
darkknight1 Champion Author Winston-Salem Posts:4,335 Points:895,835 Joined:Nov 2010	Message Posted: Dec 8, 2012 9:56:42 PM Ignore darkknight1 Report Abuse ok
Heltonw Champion Author Montana Posts:3,309 Points:1,659,365 Joined:Dec 2007	Message Posted: Dec 8, 2012 9:54:27 PM Ignore Heltonw Report Abuse I hope that it will mean lower fuel cost for us.
Cableman66 Champion Author North Carolina Posts:2,110 Points:490,695 Joined:May 2011	Message Posted: Dec 8, 2012 9:43:09 PM Ignore Cableman66 Report Abuse Ok.
ricebike Champion Author New Jersey Posts:10,032 Points:1,855,720 Joined:Oct 2005	Message Posted: Dec 8, 2012 9:40:23 PM Ignore ricebike Report Abuse yup
TDIdave Champion Author California Posts:5,058 Points:1,224,740 Joined:May 2006	Message Posted: Dec 8, 2012 9:34:17 PM Ignore TDIdave Report Abuse Okay.
ericbcire Champion Author Nevada Posts:4,520 Points:1,267,235 Joined:Aug 2009	Message Posted: Dec 8, 2012 9:32:44 PM Ignore ericbcire Report Abuse Why not be consistent?
cwashi3324 Champion Author Cincinnati Posts:2,802 Points:573,290 Joined:May 2009	Message Posted: Dec 8, 2012 9:32:36 PM Ignore cwashi3324 Report Abuse Who benefits?
bart_reed Champion Author Los Angeles Posts:3,974 Points:785,630 Joined:Mar 2011	Message Posted: Dec 8, 2012 9:31:33 PM Ignore bart_reed Report Abuse Local control. Nice.