Mitsubishi buys Encana BC gas assets

This is one aspect I really HATE about where I am from, Canada is going to be friggin fracked bigtime 20-30yrs down the road, most of our resourses have & are continuing to be sold to the yanks(mostly) China & Japan, these three with all the daft clauses Cda agreed to in NAFTA etc is going to suck Cda dry.

The Cdn govt has sold Cda & my stupid countrymen/women let it happen, a world of pain is on its way!

Next of for sale on the cheap is Cdn water!

@GW: Agreed.

lol...you have no idea what you are talking about. NAFTA has proven to be a great piece of legislation for Canada. It has enabled countless numbers of people to start up new businesses and take advantage of the NA market. I once railed against NAFTA when I was an investment advisor for RBC. If you are old enough to remember, it foretold of the end of healthcare, free education, and no more social services. None of those things have happened. Harper sucks, but the things that Mulroney did that were unpopular are why Canada passed through the recent economic disaster virtually unscathed...but haters don't think about these things, they just want to imagine Shangri-la on their terms. I am not dismissing your comments, I just wish you would look at the whole picture. Encana needs this investment badly. It is a great Canadian company that has been a great investment for people who have taken charge of their own investments for a while now. I hope this enables them to hang tough.

GDemmons,

Read this & get back to us if you dare, this book is along the same vein as dogs & demons about Japan

http://www.amazon.ca/Truth-about-Canada-Important-Astonishing/dp/0771041659

The US has suckered Cda bigtime & at the sametime neutered Cda if you remember some of the lumber disputes where the US flagrantly ignored NAFTA, lost in the courts & then just gave Cda the middle finger & in the ensuing yrs Cda has sold rights to oil gas left right & centre on the cheap, even the stupid Albertans have let themselves get royally fleeced in regards to royalties, its so bad that even the US can see that Cda is going to run out or dangerously low in supply in both oil & gas in the foreseeable future & while fleecing Cda now is looking for future supplies elsewhere

Yeah, the third largest supply of oil in the world...we are running low. I worked in the business. I have seen what is happening. I chuckle when I read statements like 'selling our assets' because anyone who knows how business and govt works knows that A foreign controlling interest in a Canadian company may have the power to siphon its profits out of the country, big deal. It is a grave misunderstanding to think that that has much of an affect on our economy as a whole. Citizen Mel is a nice, well-intentioned guy, but he profits from his alarmist diatribe.

Nice time to sell your reserves--when the price for the commodity is at an all time low. You are supposed to sell when prices are high, Encana.