FACILITYCalgary

+ Feb. 28; Husky Energy Inc, Calgary

+ Andrew Tankard to Partner @ GEC Architecture

+ Craig Maurice to Partner, Tax Group @ Ogilvy Renault LLP

+ Daniel Major to Pres. & CEO @ Century Mining Corporation

+ Graeme Bate to Sr. Executive, Management Consulting Calgary @ Accenture

+ Jennifer Sage to VP, Digital Advertising Sales @ Postmedia Integrated Advertising

+ Lucinda Chodan to Editor-in-chief @ Edmonton Journal

+ Nigel Write to Chief of Staff @ Prime Minister’s Office

+ Paul Sharpe to Associate @ Perlly-Robertson, Hill & McDougall LLP

+ Peter Kent to Minister of the Environment @ Government of Canada

+ Diane Ablonczy to Minster of State for Foreign Affairs @ Government of Canada

+ Federal Government agency PPP Canada may be asked to fund 3 recreation centres in SE Calgary as the City of Calgary only has funds to capitalize one . . . stay tuned

+ TransAlta Corp. has begun testing its new $1.9 billion Keephills 3 (450 megawatts) generating station

+ Mayor Nenshi really wants the airport underpass project revisited (see his Jan 7 op-ed pieces in the Calgary Herald); the closing of Barlow Trail to make way for new runway construction will cause hardships for business, hotels in particular, and changing traffic patterns will make life for everyone inconvenient. The question remains whether we can afford it and whether council will agree to fund it . . to say nothing of where the funds will come from (the Provincial and Federal Governments have already declined to help) . . .

+ Alberta highways re-opened to normal traffic following weekend storms that closed roads and disrupted flow of goods, grocery store and gas station replenishment of inventory

+ Calgary building permits for Nov 2010 were off 5% over the previous month, off 28% compared to Nov. 2009

+ Canadian Natural Resources Ltd. still unable to predict resumption of production following last week’s fire at Horizon oilsands facility – replacement equipment ordered and all but one of four injured workers have been treated and released from hospital

+ energy prices live link to Bloomberg.com commodities data

+ shutdown of Trans-Alaska pipeline due to lead disrupts supply to west coast of U.S (producers ordered to reduce production by 95%)

+ The Bank of Canada Released the Winter Issues of Business Outlook Survey and Senior Loan Officer Survey ; available downloads from their website: http://www.bankofcanada.ca

+ U.S. Federal Reserve booked a profit of $78.4 billion in 2010, up 65% over 2009

+ Wall Street dips on fears Portugal’s economy will be forced into a government will be forced into European Central Bank bailout

+ with oil prices poised to cross the $100/barrel threshold, one has to wonder whether the predicted $180 billion in oilsands over the next decade will translate to a rosier picture in Calgary – both for the economy generally and for commercial real estate values; so far, it looks like people focused on oil, not gas – focused local, are drinking the kool-aid. For those watching troubled financial circumstances in Europe and south of the 49^th are less optimistic.

+ ARC Resources Ltd. announced ARC Energy Trust completed its conversion to a div. paying corp; will operate as ARC Resources Ltd.

+ City of Calgary mailed property tax assessments; home values up average of 8%

+ Fort Chicago Energy Partners LP completed conversion to div. paying corp; will operate at Veresen Inc.

+ Foster Richmond LLP changed its name to Foster McGurk Vanin LLP

+ Freehold Royalty Trust completed its conversion to div. paying corp; will operate as Freehold Royalties Ltd.

+ Governor General David Johnston announced 54 new appointments  to the Order of Canada including Calgarians Gwyn Morgan and Christopher Wiseman

+ H & R Real Estate Investment Trust agreed to acquire Atrium On Bay in downtown

Toronto, $344.8 million; to close by April/11

+ Homburg Invest Inc. closed sale of a German property; reduced long term debt by $135million

+ KBR Inc. closed its acquisition of 45% of  M.W. Kellogg it did not already own for $165 million

+ Northland Power Income Fund completed its conversion to div. paying corp; will operate as Northland Power Inc.  

+ Peyto Energy Trust completed its conversion to div. paying corp; will operate as Peyto Exploration & Development Corp.

+ RTL Westcan acquired ECL Transportation

+ Royal Dutch Shell is reported to be considering a takeover bid for BP Plc

+ weekly economic update from ATB Financial

+ Zargon Energy Trust completed its conversion to div. paying corp; will operate as Zargon Oil & Gas Ltd.

+ Fort Chicago Energy Partners LP secured new $450 million credit facility; assigned to Veresen Inc. upon corporate re-organization

+ TransGlobe Energy Corporation is on the market to raise $75 million equity financing

+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca  . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.