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Showing results for tags 'Nexen'.
My family has been in the oil and gas business for almost 80 years and neither my father nor uncles think the Nexen deal was a good one for Canada. They say if China was so desperate for oil they would have settled for 49% and Canada was dead erong to give controlling interest to the Chinese. Would we have made the same deal with the Russians? So why would take such a risk with China? This basically gave Canada's self-sufficiency a bullet to the head because in 20 years or so Canadian oil will be going to China and we'll be importing American oil! Canada should never be dependent on foreign