+ housing starts down across the country, job losses in January are ‘disappointing’ says Prime Minister Harper but worrying considering uncertain global economic outlook
+ KEYreit established an independent committee to consider Huntingdon Capital Corp. take-over bid and adopted a Unitholder Rights Plan & repudiated the takeover bit
+ U.S. President Obama’s State of the Union speech tonight; expect clues to Keystone XL Pipeline approval, carbon tax, strong push on environmental and immigration issues
NEWS REVIEW Feb. 5 - 11
+ Advantage Oil & Gas Ltd. engaged advisors to review strategic alternatives
+ Alberta Energy Minister Hughes announced a new oil marketing strategy, focusing on export routes, new pipeline alternatives – examining new ideas
+ Primaris REIT, H& R REIT, KingSett Capital consortium proposed amended transaction for takeover of Primaris REIT that involves properties Primaris is currently acquiring
+ Royal Bank of Scotland to pay $162 million fine for LIBOR rate rigging
+ StorageMart acquired ACME Storage in Edmonton, will re-brand as StorageMart
+ Teck Resources Ltd. announced it will invest $400 million in its Frontier oilsands mine in 2013/14 as its 20% participation in Fort Hills project
+ TriOil Resources Ltd. announced its 2013 CapEx Budget of $93 million
+ TriOil Resources Ltd. struck a board committee to conduct a strategic review to enhance shareholder value
REAL ESTATE NEWS FROM OTHER PLACES
+ Brookfield Asset Management Inc. expanding in U.S., buying 5000 apartment units from Babcock & Brown for US$ 414 million
+ Dundee International REIT agreed to acquire $568 million portfolio of office properties in Germany
+ Airport Trail tunnel construction stalled – dispute with contractor over bridge deficiencies, possibility span may need to be rebuilt
+ Mayor Nenshi is chest-thumping (or is it electioneering?), whining the province isn’t moving fast enough on approving a multi-decade Calgary regional plan while Municipal Affairs Minister Griffiths claims they haven’t talked in months … both acting childish
SHAREHOLDER MEETINGS
+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton
+ Apr. 23; Celistica Inc., Annual General Shareholders Meeting, Toronto
