Sober is depressing

From： https://blogs.ubc.ca/jingyipeng/2012/10/25/chinese-nexen-net-profit/

This is a command of Jingyi Peng’s blog article, which is about takeover between Nexen and CNOOC.

As Jingyi illustrated, there were two major concerns from Canadian stakeholders. First one was security, Canadian stakeholders were worried about their information  about users would be investigated by Chinese company. Secondly, due to economic situation difference, it was no easy for these two stated-own company to make decision and agreement, Canadian stakeholders were worried about future uncertainty. However, China tried to understand Canada’s slow decision making speed.

The University of Alberta’s China Institute did a survey and found that  37 per cent of answerers showed an opinion that partial Chinese ownership in Alberta resources is acceptable. Meanwhile, another similar survey asked about full Chinese ownership and only 15 % of responders found it acceptable, with 64 percent against. Undeniably,  Canadian feel uncomfortable that a foreign company to control the production of oil and gas, which are their critical raw fuel. On the other hand, due to cultural difference, decision and agreement may not be easy to make between these two companies. Anyway,  if the integration succeed finally, it benefits both countries in terms of bigger market and new technology.