Quote:
Originally Posted by Senator Clay Davis
Royalties, eh, not really, it might accelerate the process of collecting revenues, but those revenues would get collected eventually anyways, so thats a wash to me.
|
Not true. If the world moves away from oil before we sell it, it'll stay in the ground forever. Also getting the money now and having the opportunity to invest it is better than getting the money later.
As for being taken over... Nexen's investors just got a big premium. If those investors are Canadian and re-invest their money, Canada's ownership stake in the world economy just got bigger.