+ Harvest Operation Corp, subsidiary of state-owned South Korea National Oil Corporation (KNOC) says it has order to build $310 million oil sands plant
+ Cenovus Energy Inc. obtained regulatory approval for test well at Grand Rapids oil sands project
+ Compton Petroleum Corporation closed $35 million sale of assets
+ Equal Energy Ltd. closed $24.3 million sale of non-core assets
+ Keyera Facilities Income Fund closed acquisition of $50 million in natural gas facilities
+ Pembina Pipeline Corporation got approval for Nipisi and Mitsui heavy oil pipeline projects
+ Pengrowth Energy Trust agreed to acquire the 82% of Monterey Exploration Ltd. it does not already own for $336 million
+ Terra Energy Corp. agreed to acquire the oil & gas properties of Fortress Energy Inc., including 100% of theSquare Creek gas field
+The Churchill Corporation completed acquisition of Seacliff Construction Corp. for $394 million; re-branded Dominion Construction as Stuart Olson Dominion Construction Ltd.
+ TransForce Inc.agreed to acquire an equity interest in EnQuest Energy Services Corp. and substantially all of the oilfield transportation assets of EnQuest's operating subsidiaries, including Speedy Heavy Hauling Inc.
+ Sept. 15, Canadian Apartment Investment Conference,Metro Toronto Convention Centre, NorthBuildingregister
+ Oct. 20 – Calgary Real Estate Forum, TELUS Convention Centre, Calgary + Oct. 21 – Calgary Real Estate Leasing Conference, TELUS Convention Centre, Calgary +Nov. 3-4 – 11th Annual BUILDEX Calgary, BMO Centre, Calgary
+ Nov. 22 & 23; P3 2010 SHIFTING INTO HIGH GEAR, Toronto; register
SHAKERS/Movers moving
+ Al Miller to Pres. @ Canem Systems Ltd.
+ Claus Karl Willi Thietke QC to Judge, Peace River @ Provincial Court of Alberta
+ David Blewden to CFO @ Sterling Resources Ltd. replacing Ian Hornby-Smith who retired
+ David Carmony to VP Environmental, Health & Safety @ Apache Corp.
+ David LeMay to Pres. @ Laird Electric Inc.
+ Don Pearson to Pres. & COO @ Stuart Olson Dominion Construction Ltd.
+ Doug Strong to Pres, Completion & Production Services @ Precision Drilling Corp.
+ Dr. Jodi Abbott to Pres. &CEO@NorQuestCollege
+ Gord Broda to Pres. @ Broda Group of Companies
+ Jeff Davis to VP & Associate General Counsel @ Ontario Teachers' Pension Plan
+ Jim Houck to Pres. @ CEO @ The Churchill Corporation
+ Peter Grosskopf to Pres. & CEO @ Quest Capital Corp.
+ Robert Breckon to Senior Advisor, Teachers’ Private Capital @ Ontario Teachers' Pension Plan
+ Robert McNally to CFO @ Precision Drilling Corp.
+ Ron Martineau to Pres. @ Insulation Holdings Inc.
+ Tim Talbott to Pres. & CEO @ Bird Construction Company
FINANCINGS - proposed & closed
+ First Capital Realty Inc. closed $52.9 million over-allotment of its common share issue
+ First Capital Realty Inc. closed $50 million unsecured debt issue
+ Smart Technologies closed $660 million IPO equity issue
COMMENTARY + argument
+ the BP well in the Gulf of Mexico appears shut, for the moment, after 85 days of leaking oil but the plot, if not the oil, thickens; the US government is pushing for a resumption of taking off oil once testing of the cap is resolved, the seepage detected at the cap has prompted the order from Gen. Thad Allen to continue testing and to resume siphoning off oil while BP seem determined to keep it closed, close it off after the relief well is completed . . . one must wonder what roles the lawyers and accountants on each side are playing in this ongoing public relations nightmare as the cleanup and lawsuits will no doubt go on for decades but it seems the politics will focus on the run-up to November mid-term elections in the U.S. .. .. stay tuned, there will definitely be lots more
INFRASTRUCTURE / P3 / GREEN / LEED
+ McGill University Health Centre signed partnership agreement with McGill Health Infrastructure Group, composed of SNC-Lavalin and Innisfree Ltd - 34-year public-private partnership (PPP) the MHIG will design, build, finance and maintain the MUHC's new Glen Campus. Once completed in Oct/2014 MHIG will maintain the campus for the next 30 years + the City of Toronto is expanding its underground building connection system, PATH, but adding a $65 million, 300 metre tunnel from Union Station to an artery at Wellington street + Canada Pension Plan Investment Board made a $3.2 billion bid for Austrailia’s Intoll Group (Intoll holds a 30% stake in Ontario’s highway 407) + City of Calgary studying a $ 248 million, bus-only road for 17 Avenue SE to ease traffic congestion
OFFICE & INDUSTRIAL LEASING
Mark Kolke, President of MaxComm Realty Advisors, MaxComm Communications and Plandflex Corporation, has been working in real estate finance, management, leasing, sales and consulting work in Alberta for twenty-eight years. His license to practice real estate in Alberta is sponsored by MaxWell South Star Realty where he is an Associate dealing in commercial, residential and agricultural properties. He moved back to Calgary eleven years ago after twenty- seven years in Edmonton. He advises tenants, buyers, developers and institutional clients on issues involving residential developments, commercial real estate and public private partnerships (P3s).
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
