+ a disruption of postal services in Canada at Christmas? ... it might happen again this year; 72-hour strike notice served on Canada Post is unsettling but it’s not the threat these disruptions used to be ...
+ Armistice Day – the agreement signed November 11, 1918 is celebrated every year; as it was yesterday; celebrated as Veterans Day in the United States – holiday in both countries
+ BOE reporting on Oct. 16 Alberta Crown Land Sale and NW Alberta speculation
+ Canadian ports troubles/impacts loom – talks in Vancouver slow, broken down in Montreal and lockouts likely; Federal Labour Minister MacKinnon has ordered Industrial Relations Board intervention to impose binding arbitration – but given previous government actions/inactions to thwart threatened strikes; (we all remember the Westjet pilots this summer?? … )
+ COP29 is underway; Canadian Minister Guilbeault is advocating for a position many Canadians and Albertans do not support
+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~ WTI @ US$68/bbl; Brent @ US$72/bbl ~ reverberations in trading prices impacted by U.S. election results and China messaging about state of their economy ...
+ eyes on COP29 – the 29th Conference of the Parties, a United Nations initiative, began yesterday in Baku; Day 1: was focused on standards for the sale of carbon credits between; the number of country leaders attending/presenting this year is down substantially
+ fire season 2024 is nearing an end, and the fire threat is low: end: 18 fires remain active in Alberta – all ‘under control’
+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday
+ FC Private Equity Realty Management Corp. and Telsec Property Corporation mini-tender offer process for units in Melcor REIT continues – and Melcor REIT punched back - tic toc … we’ll see
+ GLJ Ltd. and Energy Fuse Group LLC announced a JV for Carbon Sequestration and Enhanced Oil Recovery
+ Government of Alberta shaking up management of AIMCo – cost cutting, staff cuts, fired the CEO, fired the Board and installing an interim chair; ‘great message to send’ to the investment community about arm’s length’ from government, and political interference. Finance Minister Nate Horner will be a ‘board of 1’ until a new chair can be appointed. The Premier’s leadership of her party now secure, these actions are purely political and add to speculation about her ambitions for grabbing Alberta’s share of CPP; the politicos seem to have forgotten that AIMCo’s obligation is to the pension funds (retired and ‘to retire’ employees) – which deserve best-in-class management ...
+ Government of Canada DRAFT emissions cap released last week is drawing lots of reactions; click here to see Osler’s report
+ Mayoralty race watch – Calgary’s election is a year away: Gondek undecided on running again, Jeff Davison declared, Brian Thiessen declared; and still rumoured to be running – Sonya Sharp, Dan McLean, Joyti Gondek so far
+ Mattr Corp. agreed to acquire AmerCable for US$280.0 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
+ NuVista Energy Ltd. announced its 2025CapExBudget is $450.0 million
+ 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: steady at 585 this week; Canada: down 6 to 207 this week
+ Surge Energy Inc. announced its 2025CapExBudget is $170.0 million
+ United States election aftermath: Trump administration moves rippling through the news unsettling many; promised tariffs would impact Canadian exports of commodities and manufactured goods– and possibly different applications for oil & gas, promised mass deportations will shake U.S. labour markets and housing and concerns for Canada’s border integrity, promised by-passing of Senate confirmation of officials and much talk, lots of leaks and final counts nearly complete; and Biden lame-duck time might produce surprises
+ Waterous Energy Fund Management Corp. closed its $US$241.26 million acquisition of 43.3% of Greenfire Resources Ltd.
+ Whitecap Resources Inc. announced its 2025CapExBudget is $1.1 billion
