RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: yes an There's no arguing with those who believe. The reality is that free trade only exists as a theory and in the minds of a few of the faithful who prefer nice sounding doctrine over reality. It actually doesn't exist anywhere in the world (look it up, it's easy with the google) so those who foolishly leave their competitve assets unprotected will always lose their competitive advantage to more powerful countries and companies on the world stage. In Canada there are many recent examples of doctrine goggles getting in the way of reality. A recent one ..We had a firm called Electro-motive which Caterpillar bot and then simply closed to rid itself of the competition. 500 lost jobs and lifelong loss of huge tax revenues. Free traders here deem sales of companies like these are a net benefit to Canada. Beauty eh!
Nexen's a whole 'nuther kettle of fish because it will introduce another foreign influence in addition to the American and British heavy weights currently weighing in as the biggest foreign interests in Canada's oilpatch. The U.S. gov't is also making noises about the possibility of spies and undue influence that concern them in a Nexen sale. Makes one think that the American and British co's are doing what they can through their embassy's to keep the competition at bay in Canada, and why not? It's the minimum of what everyone in the world does to stay competitive.
Expecting OYL's price to bounce around unevenly based on rumour until news comes out.
dyod
knowsjack