Quote:
Originally Posted by Stay Golden
You don't sell ownership of your resources period. If other countries are foolish enough to do that, its on them. You maintain majority control of what are your borders resources.
Once China has the ownership of the resources they can distribute it however they want to and they will.
Simple example of ownership lease economics look no further than the Stampede board, they will retain the ownership of all their land for as long as possible. Their land is their most valuable resource.
The ownership of the energy exploration and ditribution is Nexen's raw value. If you don't think that Nexen has major rights in the Oilsands.
Drive up and see for yourself.
Long Lake, Kinosis, Hangingstone and 7% interest of Syncrude which alone provides Nexen 350,000 of capacity b/d
Nexen owns about 300,000-320,000 acres in the Oilsands.
There are other sites that Nexen has not developed that they have land holdings like Meadow Creek, Cottonwood, Leismer etc.
Far from small production and the future potential.
The Feds need to axe this deal and quickly.
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What about Shell, Statoil, Total, BP, etc? At the least Shell is operating solo in the oil sands; at most, all of them are (not sure.) Shell Canada operated as a separate organization (and separately traded, if I recall) and Royal Dutch bought them out a few years ago. This was not blocked by the feds. What is the basis of them blocking this sale then?
(I haven't formulated an opinion yet, but I'm just interested in how you view the precedents...if valid.)