Have you got news our readers will want to hear? Send us your appointment (or disappointment) notices, press releases, and industry news to: kolke@facilitycalgary.com
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+ Stuart Lee, CEO @ EPCOR Utilities Inc., retiring
~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. - [ send us your appointment notices kolke@facilitycalgary.com ]
+ Imperial Oil green-lit/announced a go-forward with an expansion at it’s Strathcona Refinery in Edmonton; a renewable diesel expansion with a target production volume of 1.0 billion litres/yr. – capital cost, $720.0 million
INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE
+ Parkland County (Acheson area – west of Edmonton), are establishing West Link Business Park; JV of Pannatoni Development Co and Fiera Real Estate Investments acquired 152 acres along Highway 16A
+ Bank of Canada raised interest rates again, ¼ of 1% this time to 4.5%, but with ‘softer language from Governor Macklem about future adjustments’; this is the 8th consecutive ‘review’ involving a rate increase to control/flatten the rise in inflation – check out the overnight lending rate graph in the Globe’s story – a great etch-a-sketch/pacman drawing if I’ve ever seen one (c’mon, you gotta laugh about this, or you’ll cry)
+ Bennett Jones/David Dodge and Richard Dion published an analysis of Risks to Sustainability of the Government of Canada’s Current Fiscal Plan (37-page PDF download) …
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$77/bbl, Brent @ US$84/bbl; China demand is firming up but markets are skiddish with OPEC+ and U.S. Federal Reserve meetings coming up … tic toc …
+ 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 …
+ 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
+ Imperial Oil green-lit/announced a go-forward with an expansion at its Strathcona Refinery in Edmonton; a renewable diesel expansion with a target production volume of 1.0 billion litres/yr. – capital cost, $720.0 million
+ MONDAY MORNING MINUTE, our weekly ‘100 words from Mark + a quote’, now in 5th year of starting readers with a quick inspiration thought – free subscription; click here to sign up
+ 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. They help make our publication better; please forward comments and/or news items, and company/appointment announcements to kolke@facilitycalgary.com
*editor’s note: names companies involved in arm’s length debt and equity financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …
+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date
+ Apr. 12; Business Transitions Forum, TELUS Convention Centre, Calgary; info/register
+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated March 21, 2023