+ ATB – daily economist’s outlook
+ Calgary Flames’ President Ken King revealed plans for NEXT; an $890 million proposed multi-building sports complex to be built on an 18-hectare site in the West Village area (currently GSL and Greyhound Bus sites) to contain a new hockey/events venue, covered football stadium and a sports fieldhouse. City Council members are divided on the projects merits, no level of government is committed to any funding and the current state of the economy only bodes well for construction costs – don’t hold your breath for anything definitive anytime soon; and the site is contaminated. The City of Calgary acquired it last year for $36.9 million without determining costs to remediate currently estimated (if you can call it an estimate) at $30 million to $100 million …
+ Canadian Tire will open an ‘urban store’ on the second floor (new building in west side of 8th Street) in First Capital’s Mount Royal Village redevelopment project/expansion
+ Ceiba Energy Services Inc. increased its 2015 CapEx Budget by $6.5 million in order to complete its Athabasca fluid disposal facility
+ Chevron cutting 1,500 jobs worldwide; cutting 950 in Houston
+ current energy prices – live link to Bloomberg energy prices ; WTI crude dipped below US$40/barrel for first time since 2009 – global glut, softening economies and absence of conflicts to blame; meanwhile the plunging Loonie makes that not such a bad number for Canadian producers
+ Eagle Energy Trust closed its $30 million Twining Field acquisition
+ Enbridge Income Fund Holdings Inc. got shareholder approval for its acquisition of Canadian liquids pipelines business and renewable energy assets from Enbridge Inc.; $13 billion transaction value
+ Encana Corporation’s U.S. subsidiary agreed to sell its Haynesville natural gas assets for US$850 million
+ global stock market sell off wiped out trillions of dollars before noon yesterday before technical trading models restored some calm; market weakness continues to threaten/signal end of long bull market; China down sharply but it’s more than just a China-correction; U.S. Markets down sharply, TSX down – concerns over oil, interest rate policy, Chinese slowdowns in manufacturing and commodities; shaky emerging markets…
+ Irving Oil scheduling $200 million maintenance project at its Saint John, NB refinery
+ Nine West stores in Canada will remain open; Nine West Holdings (U.S. company) owns the brand name and will acquired 45 stores/leases held by bankrupt Sherson Group and retain 549 employees; terms not disclosed
+ TransCanada, Enbridge, Union Gas and GazMetro have resolved Energy East shipping concerns to determine adequate supplies for local distribution companies in Ontario and Quebec via Energy East (TransCanada) and Eastern Mainline (Enbridge) projects
+ Trican Well Service Ltd. closed its US$140 million sale of its Russian pressure pumping business unit to RN Assets LLD, a Rosneft Oil Company subsidiary
+ Yardi Systems Inc. acquired MCEnergy Inc.
