We all know China is massively over populated and strained for all resources. Canada should be continuing to sell that service at a premium instead of selling the ownership of the actual resource itself.
This is the foot in the door that China has desperately wanted. China has minority stakes in a handful of Canadian energy exploration companies but this is sole ownership.
CNOOC will now own and control Oilsands sites and where Nexen is abroad like Columbia, the North Sea, UK, Poland, Nigeria.
This is not good, the feds need to wake up out of their summer slumber and axe the deal. Selling the resources outright, how foolish for Canada meanwhile a Lottery ticket win for a handful of sellouts. JMO.
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