+ Birchcliff Energy Ltd. announced its 2024CapExBudget is $240.0 million
+ bUILDERS + bUYERS; property finding/buyer representation by Mark Kolke and colleagues at MaxWell Capital Realty – RESIDENTIAL LAND and NEW HOMES – new listings every week – free Sunday update – sign-up at the bottom of this page; or ‘use this form, give us your ‘if I could wave a magic wand’ wish list, tell us what you are looking for
+ Caisse de dépôt et placement du Québec (CDPQ) integrating its real estate subsidiaries Ivanhoé Cambridge and Otéra Capital over the next two years
+ Canadian Energy Regulator published reasons for decision on revised approach to TransMountain Pipeline variance application
+ Cadillac Fairview reported to be selling two towers; Encor Place and 635-8 Ave. SW
+ Canadian Natural Resources Limited agreed to acquire the Shell Centre (640,000 sq. ft. property at 400-4th Avenue SW from Cadillac Fairview; terms not disclosed; CNRL also reported to be leasing 276,000 sq. ft. in 400-3rd Avenue SW. - CNRL will vacate 650,000 sq. ft. currently occupied in Bankers Hall and TD Square – occupancy in their new digs is anticipated in 2025-2026
+ CatalX CTS and Catalx Management Ltd. placed in receivership; Deloitte is the receiver
+ Cryopeak LNG Solution Corporation and Ferus Natural Gas Fuels Inc. merged; now named Cryopeak Energy Solutions Corporation
+ Enerkem Inc.. is retiring it’s Enerkem Alberta Biofuels plant in Edmonton
+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$73/bbl, Brent @ US$78/bbl; tensions in Yemen impacting shipping traffic in Suez Canal and region impacting shipments and speculation in the market
+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday
+ Government of Alberta considering a long-time ‘never scenario’ – the inter-basin transfer of water; drought fears are on the agenda, license holders and irrigation districts are understandibly worried
+ Government of Alberta response to Federal Government Emissions Caps being opposed formally by Alberta – as Ottawa objectives for 2035 are seen as too aggressive for Alberta’s cooperation … as their consultations with Canadians continues
+ Government of Canada extended it’s restriction against foreign ownership of housing – which will now be extended to the beginning of 2027; the ban on foreign nationals and commercial enterprises buying residential property in Canada (there are some exceptions for international students, refugee claimants and temporary workers
+ Hemisphere Energy Corporation announced its 2024CapExBudget it $21.0 million
+ Highfield Land Management proposal for the Ascencion - 800 home mixed use community on 275 acres in the Bearspaw area application denied by Rocky View County Council
+ Indigo Books & Music Inc. looking to be taken private; founder and CEO Heather Reisman’s husband, Gerald Schwartz’s companies Trilogy Retail Holdings and Trilogy Investments L.P. have made an unsoliticed privatization proposal … tik tok
+ Lycos Energy Inc. announced its 2024CapExBudget is $61.0 million
+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ; click here for this week’s posting
+ Obsidian Energy Ltd. announced its 2024CapExBudget is $345.0 million
+ PwC Canada acquired Equitable Value Inc.
+ Questerre Energy Corporation to benefit from Quebec stay on impacts of Bill 21 … tik tok
+ Razor Energy Corp. filed a Notice of Intention to make a Proposal to creditors; Peters & Co. engaged to assist with a sale process; FTI is the proposal trustee
+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form
+ rig activity in Canada, courtesy of BOE Report
+ rig counts/utilization (active/working) – US: down 2 to 619 this week; Canada: up 2 to 232 this week
+ SECURE ENERGY Services Inc. closed its $1.075 billion sale for former Tervita Corp. assets to Waste Connections Inc. sub. R360 Environmental Solutions Canada Inc.
+ West Fraser Timber Co. Ltd completed the sale of its Hinton pulp mill to Mondi Group plc; terms not disclosed
+ WeWork withholding rents from landlords unwilling to renegotiate in support of it’s U.S. bankruptcy proceedings
