The views expressed are his own : Gumpak, Mochilas autónomas para la eliminación de chicles (Distribuidor exclusivo para España y Portugal)

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canada goose deals Clyde Canada Goose online Russell is a Reuters market analyst. The views expressed are his own. canada goose deals

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canada goose coats on sale SINGAPORE, Oct 23 (Reuters) Petronas and other state owned companies from nations not necessarily friendly to the West are going to have to learn to play a smarter game if they want to acquire strategic canada goose coats on sale assets such as oil reserves. canada goose coats on sale

canada goose store The real lesson from the surprise rejection of the Malaysian national oil company takeover of Progress Energy Resources Corp isn that Canada is closed for business; it that the traditional model of capitalist mergers and acquisitions canada goose factory sale is changing in Western democracies. canada goose store

While canada goose uk shop Petronas and Progress Energy are trying to work out ways uk canada goose outlet to salvage the $5.2 billion deal, concern has been raised that Canada may also nix the $15.1 cheap Canada Goose billion takeover of Nexen Inc by China state controlled CNOOC Ltd.

What both these deals have in common is that they are full acquisitions of energy assets, a sector that is strategic, and probably more easily subject to national interest and resource nationalism arguments.

There seems to be a recent trend of Western, capitalist cheap canada goose uk countries rejecting full takeovers of such assets, with Australia another example.

canada goose But, while full takeovers valued in billions of dollars appear to be struggling, joint venture investments seem to be flourishing. canada goose

Petronas successfully bought into the Gladstone liquefied natural gas project in Australia Queensland state canada goose uk outlet in 2008, paying $2.5 billion for a 40 percent stake. The project is operated by Santos, an Australian oil Canada Goose sale and gas producer.

Gladstone is one of four coal seam gas to LNG plants under development in Queensland, and two of the others boast Chinese companies as equity partners.

canada goose coats PetroChina is in a 50 50 venture with Royal Dutch Shell in the $26 billion Arrow LNG project, while Sinopec has 25 percent of the Asia Canada Goose Outlet Pacific LNG development, with ConocoPhillips and Australia Origin Energy splitting the rest. canada goose coats

These haven been overly controversial investments, and they give the Malaysian and Chinese partners significant shares in projects that will make Australia the world biggest LNG exporter.

Canada Goose Parka In contrast, Rio Tinto was forced into an embarrassing U turn in canada goose its proposed sale of 18 percent of itself to Chinese state owned Chinalco for $19.5 billion in 2008. Canada Goose Parka

canada goose clearance sale Even though this wasn a full takeover, many of Rio biggest shareholders believed that it was wrong to sell a major stake in the company to a customer. canada goose clearance sale

Canada Goose sale In effect, Rio was forced to cancel the deal and undertake a $15 billion rights issue which ensured that while existing shareholders had canada goose clearance to bail out the world second largest iron ore miner, they kept control of the company. Canada Goose sale

Canada Goose Outlet Like Australia, Canada can provide enough capital to develop energy projects, with up to C$630 billion needed Canada Goose Coats On Sale in the next decade. Canada Goose Outlet

buy canada goose jacket cheap But there appears to be a reluctance to allow control of uk canada goose the assets to pass into foreign hands, especially if those hands belong to state controlled companies canada goose london in countries whose governments are not always friends with Canada and its allies. buy canada goose jacket cheap

MAHATHIR 9/11 MADNESS It is all too easy for politicians in Western democracies to canada goose uk black friday drum up popular dissent against foreign investments if 100 percent of the asset is going to canada goose clearance sale overseas interests.

All a wily politician would have to do is to point out that Malaysia former prime minister, Mahathir Mohamad, said in 2010 that the Sept. 11, 2001, attacks in the Canada Goose Parka United States were canada goose black friday sale staged by the Americans as an excuse to Canada Goose Online wage war on Muslims.

buy canada goose jacket While Malaysia is in reality a moderate Muslim majority country, buy canada goose jacket it would be easy enough to use Mahathir offensive comments canada goose store as a wedge to advance a domestic political agenda. buy canada goose jacket

canadian goose jacket It far less easy to do this Canada Goose Jackets if one of your own companies is involved in the deal, and thus there is a local business and community that has an interest in seeing the foreign canada goose coats investment is successfully made. canadian goose jacket

canada goose black friday sale It may be ironic, but developing resources seems to have come full circle. canada goose black friday sale

It used to be that Western corporations went into developing nations to own and exploit resources.

Canada Goose online Then as those nations gained in confidence and experience, they either kicked out the Western companies, as in much of the Middle East, or reduced them to junior partners, as in Malaysia. Canada Goose online

Now many of the new resource provinces that can be exploited are in Western nations such as Canada and Australia, but the buy canada goose jacket cheap available capital belongs to the developing world.

Canada Goose Jackets You canadian goose jacket would expect public outrage in the West if resources were to pass into foreign hands. But if Western nations want the capital to exploit the reserves, then they need to do business with companies like Petronas and CNOOC Canada Goose Jackets.

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