Nexen Natural Gas

An important and fundamental question has recently been raised concerning the potential Nexen Natural Gas company buy out and foreign investment in general. The question Canadians are asking is where do we draw the line? To what extent do we allow foreign investment to control the natural wealth of our country? With the Chinese company, CNOOC, looking into buying out Nexen, the government must bring into question these topics and make a decision about the fate of the company. Although the proposed deal is attractive today, the whole idea of selling off companies dealing with Canadian natural resources is rather short-sighted. If the proposed deal went through, current stockholders would see a 60% increase in value upfront and the company would be bought out for $15.1 billion, while that sounds great on paper, there are many aspects of the situation that need to be considered. Our natural resources are the guaranteed wealth and future of our country, the future must be weighed carefully and important decisions must be made about the policy Canada will uphold in the given circumstances. I believe that Canada’s natural resources aren’t something that can be sold off to other countries; if they need natural gas they can get in line and buy it from us like everyone else.

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