Nexen Inc. 7.35% Sub Notes 2043 NXY.P.B

RE: RE: Sequel to ... re: Petro Canada

[calgamilton]

mrbb

While I agree with most of your posts, you seem to have re-written history on this one - and have distorted reality. At the time of the Suncor-PetroCan merger, it was in fact PetroCan that had the better balance sheet. Suncor was hurting and this deal pulled them out of the fire. This was a successful transaction which was designed to benefit the shareholders of both Suncor and PetroCan - and succeeded. While the history of PetroCan is somewhat sordid and perhaps represented a low in Canadian Social experimentation the company eventually evolved to a well run very profitable entity.

In any event, the history of PetroCan has nothing at all to do with the Nexen deal. Although, I fail to see how you can disagree with the concept of a national oil company in Canada but be  comfortable with foreign NOCs in Canada. Why is a foreign NOC acceptable to you when a domestic one is the root of all evil? You seem to be inconsistent with your logic. If you are suggesting that, due to the fact that there are many NOCs in Canada already, NOCs are good for Canada then by extension are you secretly supportive of PetroCan the sequel - a new NOC borne and bread in this country?