+ Catherine Roozen to Interim Chair @ Alberta Health Services Board

+ Gerry Roe, COO @ Canadian Overseas Petroleum Limited, retired

+ Greg Maxwell to CFO Phillips 66 @ ConocoPhillips

+ Jean-Pierre Coin to Pres. @ Vantex Resources Ltd.

+ Ken Hughes, Chair @ Alberta Health Services Board, resigned

+ Pamela Strand to Exec. VP @ Firestone Ventures Inc.

+ Rick Butler, Deputy Reeve @ Rocky View County, died

+ Rob Colwell to Managing Partner, Calgary @ Read Jones Christoffersen

[send us your firm’s appointment notices to:  research@maxcomm.ca ]

+ Federal Government predicted to divest assets and foster P3 projects in 2012

+ Premier Redford’s speculative remarks about high-speed rail link between Edmonton and Calgary has officials in both cities questioning securing of funding for already planned transportation infrastructure projects . . . stay tuned . . .

+ Calgary Board of Education has its old headquarters under contract for sale; price and buyer not disclosed

I guess there is nothing that will get your mind off everything like golf. I have never been depressed enough to take up the game, but they say you get so sore at yourself you forget to hate your enemies. – Will Rogers

FACILITYCalgary
 published every Tuesday morning

+ BP filed suit for recovery of costs for 2010 Gulf of Mexico oil spill from Halliburton

+ current energy prices -  live link to Bloomberg.com commodities data

+ Iran threatening to disrupt shipping in Straits of Hormuz in response to sanctions over its nuclear program

+ PetroSands Resources (Canada) Inc. amalgamated is subs., renamed itself CanRock Energy Corp.

+ U.S. & European debt/deficit woes continue political quagmire; Paul Krugman essay suggests the focus is ALL wrong

+ ArPetrol Ltd. adopted a shareholder rights plan

+ Athabasca Oil Sands Corp. announced its 2012 CapEx Budget of $ 403 million

+ Athabasca Oil Sands Corp. announced regulatory approval of its MacKay River oil sands project

+ Bankers Petroleum Ltd. announced its 2012 CapEx Budget of US$ 215 million

+ Brookfield Office Properties Inc. is acquiring a 70% vacant Qwest Tower in Denver for $215 million

+ Cumulative Environment Management Assoc. (CEMA) released its Regional Sustainable Development Strategy Report Card RSDS – CEMA News

+ Eighth Avenue Place 2^nd tower approved to go ahead, 40 storey building to start construction this month

+ Enbridge Inc. completed its US$1.15 billion acquisition of 50% interest in Seaway Crude Pipeline System

+ Enbridge Inc. going ahead with its $1.9 billion Gulf Coast Access project to carry curde from Flanagan, Illinois to the Gulf coast via Cushing, Oklahoma

+ Encana Oil & Gas closed the sale of its North Texas natural gas properties (Barnett) for US$860 million

+ H & R REIT agreed to acquire Hess Tower in Houston for US$442.5 million

+ Holloway Lodging REIT sold 5Calgary Downtown Suites Hotel

+ Imperial Oil Limited approved $8.9 billion expansion of its $10.9 billion Kearl Oil Sands project

+ North American Petroleum Corporation USA changed its name to Petroflow Energy Corporation

+ Ridgeline Energy Services Inc. closed its acquisition of Danzik Hydrologic Sciences LLC

+ RockBridge Resources in JV with crimson energy to develop oil & gas projects

+ Supreme Court of Canada ruled against the Harper government’s initiative to create a single securities regulating body for Canada

+ Sure Energy Inc. announced its 2012 CapEx Budget of $38 million

+ Talisman Energy Inc. is seeking JV partners for development of natural gas leases in Papua New Guinea

+ TransCanada Corp.  acquiring 9 Ontario solar power projects from Canadian Solar fro $470 million

+ U.S. triple-A credit rating is vulnerable

Government’s view of the economy could be summed up in a few short phrases; if it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. – Ronald Reagan

Economics is extremely useful as a form of employment for economists. – John Kenneth Galbraith

+ Artis REIT closed $69,021,562 new equity financing

+ BNP Resources Inc. closed $170,000 tranche of equity financing

+ Boxxer Gold Corp. closed $2,265,300 flow-through equity financing

+ Canadian Spirit Resources Inc. closed $1.84 million common share & warrants issue

+ Carmen Energy Inc. closed $1,112,385 tranche of its new equity financing

+ Cominar REIT closed $137.7 million new equity financing

+ Contact Exploration Inc. closed $1,157,702 flow-through share issue

+ Delphi Energy Corp. closed $30 million new equity financing

+ FNR Energy II Limited Partnership closed a $3,575,000 IPO

+ H & R REIT closed $125 million equity financing

+ Invicta Energy Corp. closed $150,050 tranche of its new equity financing

+ Nordic Oil & Gas Ltd. closed final tranche ($112,500)of its flow-through offering

+ North Country Gold Corp. closed $12,009,600 common share and flow-through equity financing

+ Marquee Energy Ltd. closed $1 million flow-through share issue

+ Northern Spirit Resources Inc. closed $620,000 flow-through equity financing

+ Osim Oil Sands Corp. secured $500 million investment in common shares and warrants

+ Palliser Oil & Gas Corporation closed $7 million flow-through share issue

+ RedWater Energy Corp. closed $800,000 equity financing

+ Ridgeline Energy Services Inc. closed $6,736,260 equity financing

+ Strategic Oil & Gas Ltd. closed $42,329,000 in equity financings

+ Sure Energy Inc. closed $18 million new equity financing

+ Yoho Resources Inc. closed $ 2,500,000 in flow-through shares issue