FACILITYCalgary

+ Oct. 31; CFA Society Calgary – 23^rd Annual Oil & Gas Forecast Breakfast (7:00 – 9:00 AM); Calgary Petroleum Club; info / tickets

Nov. 1; Calgary Economic Development’s 2024 Economic Outlook, TELUS Convention Centre; info / tickets

+ Nov. 1-2; Supply Change, Conference & Expo, Westin Airport, Calgary; info / register

+ Nov. 2; Sir Winston Churchill Society of Calgary – 57^th Memorial Banquet, Ranchmen’s Club, Calgary; tickets

+ Nov. 4; 31^st Annual Water For Life Gala, Hyatt Regency Hotel, Calgary; info / tickets / donate

+ Nov. 6 & 5; 2023 Decentralized Energy Forum, Fairmont Chateau Lake Louise; info / register

+ Nov. 7-8; Canadian Aerospace Summit, Shaw Centre, Ottawa; agenda / register

+ Nov. 14-15; Oilfield Electrification Technology Conference, Hyatt Houston West, Houston; register, submit abstracts

+ Nov. 15; National Philanthropy Day Luncheon, Palomino Room/BMO Centre, Stamped Park; info/tickets

+ Nov. 15-16; Fenestration Canada’s WinDoor 2023, Toronto Congress Centre, Hall D; registration

+ Nov. 29-30; Real Estate Forum, Metro Toronto Convention Centre, Toronto; info/register

+ Nov. 30 – Dec. 12; COP28 UAE, Expo City, Dubai; info

~~~

2024

+ Jan. 17;  Matco Financial Outlook 2024: The Power of Income in Volatile Markets, Telus Convention Centre Calgary; complementary/limited seating; reserve your seat

+ Jan. 18; CFA Society Calgary – 47^th Annual Forecast Dinner, TELUS Convention Centre – save the date

+ Apr. 16-17; Innovate West, Vancouver Convention Centre; info/book – save the date

+ Apr. 23-25; 2024 Canadian Hydrogen Convention, Edmonton Convention Centre - register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

[ please send your event notices and AGM notices to kolke@facilitycalgary.com ]

 THIS WEEK - NEWS SUMMARY 

 October 25 ~ 31, 2023 

 October 31, 2023 issue – includes items received before our 7:00AM MT  

+ Bank of Canada rate review announced Oct. 5 held rates steady at 5.0% but warned of potential for future hikes due to inflation

+ Canadian Tire repurchasing Scotiabank’s 20% interest in Canadian Tire Financial Services; $895.0 million transaction expected to aid growth of its rewards and credit card program

+ Clean Energy Jobs Canada was launched by the Canadian Renewable Energy Association

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$82/bbl, Brent @ US$87/bbl; forecasts of US$100/bbl are credited with being part of the pricing run-up as supply tightens while demand rises and conflict in the middle-east are pushing prices in anticipation of growing demand

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday; Calgary news focused on oil & gas, finance and the real estate industry; click here to sign up

+ Government of Alberta; the fall sitting of the legislature got underway yesterday with a throne speech focus on fights with Ottawa and the issue of leaving the CPP was conspicuously absent

+ Government of Alberta; turfed the board of the Banff Centre, installed an administrator

+ Government of Canada is revising it’s position after the Supreme Court neutered the Impact Assessment Act

+ Government of Canada is relaxing its carbon tax initiative for eastern provinces, but not the west?

+ Indigena Drilling Inc. formed to involve indigenous communities to participate in equity of oilfield services; IRC Trust established as vehicle to facilitate partnerships

+ 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

+ *Griffon Partners Operation Corp. and related and affiliated entities filed a Notice of Intention to Make a Proposal (creditor protection).  Alvarez & Marsal Canada Securities ULC have been appointed Griffon’s advisor to pursue a refinance, investment or sale of the Company’s assets. See the following link - teaser, NDA and SISP procedures:

https://www.alvarezandmarsal.com/GriffonPartners-SISP and/or email to Quinn Mosby / qmosby@alvarezandmarsal.com * this item is paid content

+ Prairie Provident Resources Inc. agreed to sell a portfolio of assets (its EVI unit) for $27.0 million

+ reader contributions: are always welcome. Please forward your comments, news items, and company appointment announcements; forward to: kolke@facilitycalgary.com

+ 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 - get on our mailing list to receive REITrag (for paid subscribers only) and MONDAY MORNING MINUTE (free or paid options with extra content – currently REITrag is free for paid Monday Morning Minute subscribers

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 1 to 625 this week; Canada: down 2 to 196 this week; full breakdown and international rig counts

+ Terra Firma Capital Corporation completed its plan of arrangement with GM Capital Corp.

+ Toole Peet, one of Calgary’s longest-running business name will vanish, rebranding as Lloyd Sadd Insurance Brokers Ltd. following their merger with Lloyd Sadd earlier this year

+ Tuktu Resources Ltd. agreed to acquire a portfolio of southern Alberta assets

+ WestJet Group completed it’s integration of Swoop operations

+ Whitecap Resources Inc. announced its 2024CapEx Budget is $1.0 billion