FACILITYCalgary current week data posted every Tuesday morning
CONVERSATIONS
Mark Kolke visits with interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future - and shares what caught his attention.
This week's conversation with Scot Caithness, Leasing Manager - Canada, WorleyParsons
Last week's conversation with Rod Thomas, Gen. Mgr., Calgary Petroleum Club
+ CN Canadian Women’s Open tournament in Edmonton raised $2.7 million for the Stollery Children’s Hospital Foundation ..
NEWS TODAY August 27 / 2013
+ Alterra Power Corp. closed its 10% purchase of 50MW ABW Solar Facility and will manage it for the ownership consortium
+ Chevron Canada buying Duvernay assets (67,900 acres) from Alta Energy Luxembourg, price not disclosed
+ current energy prices: live link to Bloomberg.com commodities data; middle east concerns have been roiling markets, threat of ‘tapering by the Fed’ continues to concern investors and economists
+ Goldman Sachs Group lost 10s of millions over a computer glitch flooding the market with erroneous options trades last week
+ Macquarie Global Investments Canada Ltd. planning an IPO
+ U.S. Treasury Secretary called on congressional leaders to increase the U.S. debt ceiling to stave off default on fears they will run out of funds by mid-October
PAST WEEK
NEWS REVIEW August 20 - 26
+ Alberta Government released its independent review on pipeline safety; found river and stream rules inadequate, recommendations under review
+ Axia NetMedia Corporation sub. agreed to sell its 70% interest in OpenNet Pte. Ltd. for $31 million
+ BHP Billiton Ltd. announced it will invest a further US$ 2.6 million in its Jensen potash project
+ BLF REIT completes its transition to REIT status; formerly Capital BLF Inc.
+ Canada’s inflation rate up, little rate pressure seen by Bank of Canada
+ C.D. Howe Institute Published its report on Alberta’s best schools; public, catholic and charter school results for Calgary, Edmonton and rural regions
+ CNOOC Ltd. planning to list on Toronto Stock Exchange
+ Equal Energy Ltd. rejected the takeover offer brought by Montclair Energy LLC
+ flood damage cost forecast to exceed $5 billion … and counting
+ Greece on verge of ‘renegotiating’ its bailout loans; they need 10 billion euros more
+ Penn West Petroleum Ltd. announced further reductions to its workforce; now under 1,600 FTE, down 30% over the last year. Penn West will book a $25 million charge in association with the layoffs
+ PIMCO makes their case that bonds are back, or will be . . .
+ Ridgeline Energy Services Inc. changed its name to RDX Technologies Corporation
+ Senator Mac Harb resigned, paid back $231,000 of inappropriate expense claims
+ Sinopec (China Petrochemical Corporation) announced 24% jump in profits for first half of 2013
+ University of Calgary cutting 19 programs to meet provincial budget cuts
+ 2700 southern Albertans remain out of their homes; provincial regulators keep changing the rules on a weekly basis, so uncertainty about what will or won’t be funded, who will be relocated, which floodway houses will be bought by the province in some places (ie: Bragg Cree), not in others - subject of considerable protests amid mixed messages and poorly orchestrated Redford photo ops
+ Renewable Energy Developers Inc. closed its acquisition of 4 Ontario wind projects (50 megawatts) from Wind Works Power corp. group
+ Alberta Government has authorized Drumheller and Fort McMurray to continue to develop in floodways however residents will NOT be entitled to compensation from future relocation compensation
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ Blackstone Group real estate group is raising funds; $5 billion for a new fund focused on acquiring distressed European assets
“Waste is worse than loss. The Time is coming when every person who lays claim to ability whill keep the question of waste before him constantly. The scope of thrift is limitless.” – Thomas A. Edison
“A journey is like marriage. The certain way to be wrong is to think you control it.” – John Steinbeck
FACILITYCalgary current week data posted every Tuesday morning
