+ Jacynthe Côté to Director @ Royal Bank of Canada
+ Keith Dyke, Director @ Corsa Coal Corp, stepped down
+ Keith MacLeod, Chairjah @ Sproule International Limited, retired
+ Matt Varey to Chairman @ JDRF Canada
+ Nora Steward to Director @ Sproule
+ Stockwell Day to Director @ Pacific Future Energy Corporation
+ Verne Johnson, Director @ Gran Tierra Energy Inc., retired
INTERESTING REAL ESTATE NEWS, other places
+ Manulife Real Estate fund acquired a LEED Platinum office building (1 of 4 LEED Platinum buildings in greater Vancouver) in Burnaby; 146,537 sq. ft. building; price not disclosed
+ Slate Retail REIT closed its US$9,850,000 (US$141/sq. ft.) acquisition of East Little Creek shopping centre in Norfolk, Virginia. Farm Fresh anchored centre full leased.
+ TPG Real Estate & Ivanhoé Cambridge closed the sale of Woolgate Exchange (351,000 sq. ft office building in London’s financial district) to Cathay Life
“Always aim at complete harmony of thought and word and deed. Always aim at purifying your thoughts and everything will be well.”
“Adversity draws men together and produces beauty and harmony in life’s relationships, just as the cold of winter produces ice-flowers on the window=panes, which vanish with the warmth.” - Søren Kierkegaard
+ Bank of America reached US$16.65 billion settlement with regulators over sub-prime mortgage mis-deeds
+ British bank Standard Chartered paid US$300 million fine for money laundering activities
+ Bellatrix Exploration Ltd. being pushed by activist investor to ‘consider strategic options’, whatever that might mean ..
+ Burger King in negotiations to acquire Tim Horton’s/Wendy’s and springboard global expansion; transaction will be an inversion to make Burger King a Canadian based corporation with a U.S. subsidiary; head office will move to Toronto. Combined value to be US$18 billion
+ Calgary ranked 5th most liveable city on the planet by Economist Magazine; Vancouver and Toronto were 3rd and 4th; three Canadian cities in the top 5 is good news!
+ Chinook Energy Inc. increased its 2014 CapEx Budget to $81 million
+ Finavera Wind Energy Inc. agreed to acquired Solar Alliance of America for $4 million
+ Harvest Operations Corp. increased 2014 CapEx Budget to $235 million
+ Husky Energy Inc. announced its estimates for West White Rose construction is $2.35 billion plus $1.62 billion for drilling
+ Jackson Hole bankers conference shows up differences: Federal Reserve Chair Yellin is keeping cautious, not confident yet in employment growth in the U.S.; Bank of Canada Governor Poloz is more bullish on growth, and less inflation averse … and meanwhile Europeans are still skittish as many countries remain in financial malaise
+ Ivanhoe Energy Inc. announced it has insufficient funds to continue funding its capital expenditures; looking for a financing solution
+ Lafarge completed its $20 million upgrade to its Exshaw cement plant
+ LGX Oil + Gas Inc. announced its 2014 CapEx Budget is $18.5 million
+ Mercer report project salary increases this year highest in oil patch; 3.7% next year, 3.9% this year vs. national average of 2.9%
+ PanTerra agreed to acquire $24 million in Alberta foothills assets
+ Ricky’s All Day Grill & RG Lounges have acquired 27 ABC Country Restaurant locations in Alberta & BC
+ Rock Energy Inc. increased its 2014 CapEx Budget to $110 million
+ Saudi Aramco announced plans to invest US$40 billion/year over the next decade to expand and sustain oil production and double natural gas production
+ Sears Canada opened a 240,000 sq. ft. distribution centre in SE Calgary
+ Secure Energy Services Inc. closed its $107 million acquisition of Predator Midstream Ltd.
+ SNC-Lavalin completed its acquisition of Kentz Corporation Limited
+ Southern Pacific Resources Corp. concluded its strategic review process; no changes!
+ Talisman Energy Inc. announced it will proceed with sale of its 40% interest in Iraq/Kurdistan assets notwithstanding recent substantial discovery by its partner WesternZagros Resources Ltd.
+ WestCap Investment Corp. completed its conversion to R & R REIT
+ Whitecap Resources Inc. agreed to pay $267 million to various sellers to acquire a controlling interest in an Elnora area Nisku formation assets
INFRASTRUCTURE / P3 / GREEN
+ Mount Royal University has … after such a long long wait, has broken ground on its awesome new 16,000m2($100 million) LEED Gold library project; scheduled to open in 2017; funding of $85.8 million from the Government of Alberta, balance raised from donations. The library will be called The Riddell Library and Learning Centre, in honour of the Riddell Family Charitable Foundation, a major donor.
+ Tuscany LRT station opened!
CHARITY GOLF TOURNAMENTS
+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
+ Aug 28; 16th Annual Building Hope Charity Golf Tournament, Springbank Links, Calgary; info/register
+ Sept. 18-19; 25th Annual Peter Gzowski Invitational Golf Tournament for Literacy [gala on the 18th, golf day on the 19th), The Hamptons Golf Club, info/register
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