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GasBuddy News Article

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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Ottawa approves Nexen, Progress foreign takeovers Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Points:2,435,365
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Message Posted: Dec 12, 2012 6:02:36 AM

Soon it's going to be North America, an extension of China (cynical laugh).
HailstormCA
Champion Author San Diego

Posts:10,706
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Message Posted: Dec 9, 2012 11:56:27 PM

Easy money now, but the future?
BMWer
Champion Author Calgary

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Joined:Dec 2003
Message Posted: Dec 9, 2012 2:40:18 PM

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

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Message Posted: Dec 9, 2012 1:01:44 AM

Harper wants more money from them for his election?
LocalSpyGuy
Champion Author Tampa

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Message Posted: Dec 9, 2012 12:15:50 AM

Old article.
vrossi46
Champion Author San Jose

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Message Posted: Dec 9, 2012 12:06:08 AM

watch out, you know china will buy everything out from under us
movietracker
All-Star Author Pennsylvania

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Joined:Mar 2011
Message Posted: Dec 8, 2012 11:46:53 PM

Ok
joeschmo12
Champion Author New York

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Joined:Mar 2012
Message Posted: Dec 8, 2012 11:41:28 PM

we got some countries in asia that is like pacman trying to eat up the world's resources
menagerie1013
Champion Author San Diego

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Message Posted: Dec 8, 2012 11:32:07 PM

China wants to be America's hat.
us4usa
Champion Author Missouri

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Message Posted: Dec 8, 2012 11:21:21 PM

Do you think China wants to buy Canada???
Buddy2264
Champion Author Tampa

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Message Posted: Dec 8, 2012 11:17:50 PM

Soon we will find we own nothing in North America.
Settjec
Champion Author Little Rock

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Message Posted: Dec 8, 2012 11:12:45 PM

Ok....
itzagasgasgas1
Champion Author Cincinnati

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Message Posted: Dec 8, 2012 11:09:22 PM

Hope so
NemoIL
Champion Author Illinois

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Message Posted: Dec 8, 2012 11:08:48 PM

Good for them. Smart move.
barbs24
Champion Author Virginia Beach

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Message Posted: Dec 8, 2012 11:07:54 PM

We'll see
MRHONEST
Champion Author Illinois

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Message Posted: Dec 8, 2012 11:06:47 PM

OK
gd83goldwinger
Champion Author South Bend

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Message Posted: Dec 8, 2012 11:04:52 PM

All I can say is will see what happens.
Lukus
Champion Author Halifax

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Message Posted: Dec 8, 2012 11:03:29 PM

TheThorn is correct. The execs will sell anything as long as they make big money for little work.
TheThorn
Champion Author South Carolina

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Message Posted: Dec 8, 2012 10:58:20 PM

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

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Message Posted: Dec 8, 2012 10:57:57 PM

we will see how this plays out
rasprout
Champion Author Tacoma

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Message Posted: Dec 8, 2012 10:55:42 PM

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

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Message Posted: Dec 8, 2012 10:51:35 PM

we'll see
CorvairHaven
Champion Author Cleveland

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Message Posted: Dec 8, 2012 10:51:01 PM

Protectionism.
wayoung56
Champion Author Alabama

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Message Posted: Dec 8, 2012 10:50:56 PM

Hmmm...
Discovery02
Champion Author Colorado Springs

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Message Posted: Dec 8, 2012 10:50:01 PM

Sounds like the Canadian government is making some smart decisions about keeping Canada Canadian.
Blue48
Champion Author Illinois

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Message Posted: Dec 8, 2012 10:47:52 PM

WE LOVE YOU..YOU CRAZY CANADIANS!
WIPACKERFAN
Champion Author Chicago

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Message Posted: Dec 8, 2012 10:47:49 PM

OK
sljbc475
Champion Author Tucson

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Message Posted: Dec 8, 2012 10:44:33 PM

Ok
bevmill
Champion Author Georgia

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Message Posted: Dec 8, 2012 10:43:39 PM

I will take a wait and see attitude.
flyfast
Champion Author Kansas City

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Message Posted: Dec 8, 2012 10:43:15 PM

ok
DustyHorse
Champion Author Virginia

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Message Posted: Dec 8, 2012 10:41:30 PM

Too bad.
TimTim
Champion Author Vancouver

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Message Posted: Dec 8, 2012 10:39:08 PM

let's wait & see...
DEG
Champion Author Las Vegas

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Message Posted: Dec 8, 2012 10:35:45 PM

Sounds like Canada is on the path to being owned by China as is the US.
walkingtall
Champion Author Toronto

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Message Posted: Dec 8, 2012 10:35:36 PM

Ottawa approves Nexen,Progress foreign takeovers and we'll have to wait and see what happens next.
idigau22
Champion Author Washington

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Message Posted: Dec 8, 2012 10:28:38 PM

Guess you will have to wait and see what happens!
mcmonsta
Champion Author Honolulu

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Message Posted: Dec 8, 2012 10:28:31 PM

yes, protect your assets or pay the price
BigDenOH
Champion Author Cincinnati

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Message Posted: Dec 8, 2012 10:17:17 PM

Yea, right
mrbee
Champion Author Little Rock

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Message Posted: Dec 8, 2012 10:14:53 PM

Ok.
slowpoke63
Champion Author Louisiana

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Message Posted: Dec 8, 2012 10:12:35 PM

We'll see.
Gville
Champion Author Ohio

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Message Posted: Dec 8, 2012 10:11:42 PM

But the US is supposed to let one of their companies tell us what to do?
Toppers
Champion Author Atlanta

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Message Posted: Dec 8, 2012 10:11:17 PM

Guess we'll see...
LostToo
Champion Author Illinois

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Message Posted: Dec 8, 2012 10:02:59 PM

N/A
darkknight1
Champion Author Winston-Salem

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Message Posted: Dec 8, 2012 9:56:42 PM

ok
Heltonw
Champion Author Montana

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Message Posted: Dec 8, 2012 9:54:27 PM

I hope that it will mean lower fuel cost for us.
Cableman66
Champion Author North Carolina

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Joined:May 2011
Message Posted: Dec 8, 2012 9:43:09 PM

Ok.
ricebike
Champion Author New Jersey

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Message Posted: Dec 8, 2012 9:40:23 PM

yup
TDIdave
Champion Author California

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Message Posted: Dec 8, 2012 9:34:17 PM

Okay.
ericbcire
Champion Author Nevada

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Message Posted: Dec 8, 2012 9:32:44 PM

Why not be consistent?
cwashi3324
Champion Author Cincinnati

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Message Posted: Dec 8, 2012 9:32:36 PM

Who benefits?
bart_reed
Champion Author Los Angeles

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Message Posted: Dec 8, 2012 9:31:33 PM

Local control. Nice.
iamforiu
Champion Author Indiana

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Points:1,538,915
Joined:May 2011
Message Posted: Dec 8, 2012 9:29:35 PM

Time will tell
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