+ AIMCo and PSP Investments formed JV to partner in financing opportunities
+ Cathedral Energy Service Ltd. announced it’s 2023CapEx Budget is $46.0 million
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$79/bbl, Brent @ US$84/bbl
+ FACILITYCalgary, published free every Tuesday morning; focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …
+ Genesis Land Development Corp. closed a $19.8 million sale of 40% interest in it’s Lewiston Development, 20% to MacKee Homes Ltd., 20% of Qualico Developments West Ltd.
+ High Arctic Energy Services Inc. closed the $38.2 million sale of its Canadian well servicing business
+ HOUSING TRUTH, our residential newsletter for the greater Calgary area, will continue in 2023 as a quarterly publication – our year end 20220 report will be out soon; click here to sign up
+ IFMA’s January event: save the date – January 26, facility tour/networking event will be as SAIT; click to reach the sign-up page
+ Just Transition – is a term everyone’s talking about, as a political dustup begins between Alberta and Ottawa – something announced in July/2021 but dormant/silent until recently; not being stage managed very well as Premier Smith is fanning the flames of the fire she’s trying to light – a stoking NEP memories and Trudeau bashing to defend Alberta rights, or is it an election readiness issue for the UCP government? It’s looking like some of each. The premise, the thinking, is that a transition program to help workers find new jobs is required now while the consensus in Alberta is that it is an Un-Justin-transition notion, one Alberta has no appetite for, need for, or stomach for; Alberta produces Canada’s oil and natural gas – fuels we rely on, and industry that fills Ottawa’s coffers. Beware Mr. Trudeau, the younger, Albertans have a good memory of Ottawa/PMO/Liberal meddling in our resource industries. It’s not a UPC/Smith issue, or a Trudeau issue – it’s a real and serious Alberta issue. Alberta will lead the country in growth and key economic indicators this year, and Ottawa should be bloody glad of that. As for Ms. Smith who has admitted her Sovereignty Act needs to stay in the drawer is make noise. Meanwhile, Albertans are busy working hard and no appetite for Ottawa’s false claims we aren’t concerned about the environment because we are better/cleaner producers than other counties … tic toc
+ Kensington Legion transaction; sale/leaseback of it’s new facility to Ronmor Holdings Limited for $7.5 million
+ Medline Canada acquired Stat Healthcare Corporation
+ MONDAY MORNING MINUTE, our weekly ‘100 words from Mark + a quote’, now in it’s 5th year of starting readers with a quick inspiration thought – free subscription; click here to sign up
+ Mullen Group Ltd. announced their 2023CapEx Budget is $85.0 million
+ NSTEP and Rotary are collaborating – The Veggie Plant Fundraiser – order deadline is Feb. 5th
+ Paramount Resources Ltd. closed $370.0 million disposition of Kaybob assets
+ PROPERTY LINES, our commercial/investment newsletter covering Canada-wide news, will continue in 2023 as a quarterly publication – our year end 2022 report will be out soon; click here to sign up
+ reader contributions are always welcome and help make this publication betterl; please forward comments and news items about your company/appointments etc. to kolke@facilitycalgary.com
+ rig activity in Canada
+ rig counts/utilization (active/working) – US: up 3 to 775 this week; Canada: up 38 to 227 this week; full breakdown and international rig counts
+ Ritchie Bros. closed it’s acquisition of a controlling stake in VeriTread
+ Tourmaline Oil Corp. announced its 2023CapEx Budget is $1.675 billion
+ Western Energy Services Corp. announced its 2023CapEx Budget is $30.0 million
