A lot of fuss is being made over CNOC\u2019s attempt to acquire Nexen. On the surface, this looks like the same, same-old. After all, some truly historical Canadian companies have been absorbed by international concerns. The once mighty Gulf Canada was purchased by ConocoPhillips. Dome, another solid Alberta outfit ended up with Amoco, which was purchased by BP. I have no idea who purchased Norcen (they gave me a scholarship when I was an undergrad)\u2026 maybe Husky? But then, Husky is Canadian (majority owned by a Hong Kong resident). \u00a0What about Canadian Hunter? They were one of the most innovative Canadian oil and gas producers of the last 50 years! They were gobbled up by Devon. So\u2026 what is the difference?<\/p>\n
Well, as a Canadian, I can go purchase shares of ANY of the companies that own the above assets. I can still participate in their economic success. I can go to shareholder meetings and hold them accountable! Try and do that with CNOC. You will be disappointed. Do not ignore this issue. Write your MP and let them know that selling off Canadian companies and putting them out of reach of Canadian investors is absolutely unacceptable.<\/p>\n","protected":false},"excerpt":{"rendered":"
A lot of fuss is being made over CNOC\u2019s attempt to acquire Nexen. On the surface, this looks like the same, same-old. After all, some truly historical Canadian companies have been absorbed by international concerns. The once mighty Gulf Canada was purchased by ConocoPhillips. Dome, another solid Alberta outfit ended up with Amoco, which was … Continue reading Leave Nexen Alone?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/posts\/52","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":1,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/posts\/52\/revisions"}],"predecessor-version":[{"id":137,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/posts\/52\/revisions\/137"}],"wp:attachment":[{"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/media?parent=52"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/categories?post=52"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.eas.ualberta.ca\/gingras\/wp-json\/wp\/v2\/tags?post=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}