+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$72/bbl; Brent @ US$76/bbl ~ OPEC+ group agreed to maintain their production cuts into 2015 … but it’s complicated; analysts weigh-in
+ fire season 2004 is underway: Alberta wildfire concerns are well founded; 26 fires are active – 12 of them are new/2024 fires – one are out of control ~ recent rainfall has cut the fire risk and reduced threat to communities for a while but predicted drought conditions has Alberta Forest Service concerned
+ fire season 2004 – O&G production interruption/shut in announcements this week:
+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday
+ FACILITYCalgary celebrates 25 years of this newsletter – new website format, and feature rolling out as we enter our 26th year!
+ 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
~ 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 ]
REMEMBRANCE
+ Rod McLennan, K.C.; legendary brilliant legal mind, founder of McLennan Ross law firm, and leader in the Edmonton community causes and charities; 87
+ Ron Slack; central Alberta rancher, horseman, Wild Rose Stallion Station and wildlife habitat preservationist; 84
+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag
+ WeWork restructuring approved; they will exit bankruptcy – the downsized business is being acquired by a consortium of lenders and Yardi Systems
CLIMATE CHANGE + LEED + RENEWABLE ENERGY
+ Reconcilitation Energy Transition Inc. formed a JV with Sumitomo Corporation Group to develop the RETI East Calgary Region Carbon Transportation and Sequestration Hub project