Quote:
Originally Posted by bizaro86
Can you provide an example of Nexen using special know-how to be more successful than any other oil company? If the Chinese just wanted knowledge they could poach 100 percent of nexens employees for a hell of a lot less money.
If we don't allow takeovers of our oil companies, the price in the market of our other oil companies will decrease, maybe to the point where they can't raise capital. If we cant raise capital, there will be no more development no matter how smart Canada's professionals are.
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My problem is with takeovers by foreign state owned companies. In effect we are allowing foreign countries to buy up and control Canadian businesses which is particularly scary when it comes to Canadian natural resources.