+ a Canadian is merely and unarmed American with health care. – John Wing
+ it is wonderful to feel the grandness of Canada in the raw, not because she is Canada but because she’s something sublime that you were born into, some great rugged power that you are part of. – Emily Carr
INTERESTING REAL ESTATE NEWS, other places
+ CPPIB (Canada Pension Plan Investment Board) entered JV with two companies on separate shopping mall investments; one in Germany, one in South Korea – total capital outlay $1 billion ….
+ Goldman Sachs Group Inc.’s Whitehall Street unit is selling 149 limited-service U.S. hotels to Moody National REIT Inc. for US$1.73 billion
+ Nobel REIT agreed to acquire four Montreal area investment properties; aggregate $14.1 million
+ PRO REIT agreed to acquire 7 commercial properties (Ontario & New Brunswick) for $40.5 million
+ Slate Office REIT agreed to acquire the office property portfolio (all in the Maritimes) of Fortis Inc. for $430 million
+ Aveda Transportation and Energy Services Inc. agreed to acquire Hodges Trucking Company LLC
+ British Columbia’s Clark Government signed and LNG development deal with Pacific Northwest LNG; unprecedented deal establishes cost-certainty on royalties – amid protestations from several first nations stakeholders .. tic toc..
+ Caspian Energy Inc. closed is acquisition of Aral Petroleum LLP
+ Cenovus Energy Inc. executive suite shake-up
+ Cenovus did a full fire drill, evacuated 1800+ workers from Foster Creek project and shut operations down as wildfires closed access roads, CNRL also shutting down some operations & evacuating staff … MEG Energy relocated Christina Lake staff ..
+ Husky Energy Inc. started commercial steam operattions at its 10,000 barrels/day Ruks Lake heavy oil project in Saskatchewan
+ IMF, European Central Bankers and G-7 Finance Ministers meet this week in Germany; no doubt Greece is high on their agenda as Greek debt default looms .. again/still .. tic toc .. as will discussion about Britain’s possible exit from the Eurozone after Bank of England head Mark Carney’s office accidentally leaked internal memos [Energy Minister from GP has education background, Health Minister not up to speed on Calgary Cancer Centre .. etc. .. so hopefully their briefing books will get them up the learning curve quickly]…
+ Pembina Pipeline Corporation agreed to provide terminalling services for the North West Redwater Partnership serving the lanned Sturgeon Refinery & $50 million expenditure for the Karr Lateral line to handle 30,000 barrels/day
+ province-wide fire ban went into effect; campfires/fires of any kind banned from anywhere in the Forest Protection Area (the green area); wildfire status map
+ Russel Metals Inc. closed its acquisition of Western Fiberglass Pipe Sales; terms not disclosed
+ new federal grant for the University of Calgary will provide a comprehensive training opportunity for students working on cheaper, more efficient means of capturing greenhouse gas emissions -- Chemistry professor George Shimizu was awarded a CREATE Grant from the Natural Sciences and Engineering Research Council of Canada (NSERC); $1.65 million over six years to train students to develop various carbon capture technologies for eventual industrial use
this week in REITS
+ Nobel REIT agreed to acquire four Montreal area investment properties; aggregate $14.1 million
+ PRO REIT is on the market to raise $17.5 million in equity
+ PRO REIT agreed to acquire 7 commercial properties (Ontario & New Brunswick) for $40.5 million
+ Slate Office REIT agreed to acquire the office property portfolio (all in the Maritimes) of Fortis Inc. for $430 million
+ Slate Office REIT is on the market to raise $80 million in equity
INFRASTRUCTURE / P3 / GREEN
+ Harper Government announced the ‘Canada 150’ community infrastructure program for small communities to access funds for libraries, arenas etc. – largely seen as a pre-election carrot; the ’150’ references $150 million attached to the announcement and our 150th Anniversary celebration in 2017 …
OIL SANDS NEWS
+ Cenovus did a full fire drill, evacuated 1800+ workers from Foster Creek project and shut operations down as wildfires closed access roads, CNRL also shutting down some operations & evacuating staff …
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- this site is maintained and updated weekly - last updated May 30, 2023
