+ June 20; NAIOP’s June presentation: Oil & gas outlook at CAPP, info/register + June 28; NAIOP Golf Tournament, Elbow Springs Golf Club – SOLD OUT + June 29, CREB Charitable Foundation, 13th Annual Charity Golf Tournament; Valley Ridge Golf Club, Calgary, info/register:http://www.calgaryrealtorscare.org/golf/ + July 8 – 17; Calgary Stampede, Stampede Park, Calgary - info/tickets
+ Sept. 14; Canadian Apartment Investment Conference, Toronto Convention Centre, info/register
+ Oct. 26; Calgary Real Estate Forum, Telus Convention Centre, Chaired by Randy Fennessey; info/registration + Oct. 27; Calgary Leasing Conference, Telus Convention Centre, Chaired by Greg Guatto; info/registration
QUOTES
“And summer’s lease hath too short a date.” – William Shakespeare
“Like a welcome summer rain, humor may suddenly cleanse and cool the earth, the air and you.” – Langston Hughes
INFRASTRUCTURE/P3/GREEN/LEED
+ to mark the Union Gas centennial, parent company Spectra Energy awarded a $100,000 Signature Grant to the Lower Thames Valley Conservation Authority (LTVCA), to fund biodiversity education, conservation and restoration programs and an expanded community trees initiative
+ Enbridge Inc. & Renewable Energy Systems Inc. completed the 99 megawatt Talbot Wind Project … on Global Wind Day no less . .
+ the Government of Alberta is providing grants to help rebuild Slave Lake’s fire damage; $6.3 million to build 70 rental units – and a $50 million grant to the town & surrounding communities for rebuilding infrastructure
+ City of Calgary finalized its deal with the Airport Authority for the tunnel under the new runway project - $414.2 million budget (of which $27.5 million will be paid to the Airport Authority for the access rights), to be completed by August 2012 but will likely not go into service until the runway opens in 2013
+ Capital Power acquired the 50% of the Halkirk I wind project it did not already own from Greengate Power Corp. for $33 million
+ Eighth Avenue Place – Phase II (west tower) to begin construction 2nd qtr of 2012; owners announced the go-ahead, subject to market conditions at the time …. stay tuned
+ energy prices live link to Bloomberg.com commodities data; crude up for last two days on concerns over European debt crisis against concerns higher prices will stifle global economic growth
+ Eurogas Corporation changed its name to Dundee Energy Limited
+ FIRST day of summer today
+ Flint Energy Services Ltd. awarded contract to construct MEG Energy’s Christina Lake Phase II SAGD project at Conklin
+ Greek government appears to have failed to negotiate bailout from EU, facing non-confidence vote
+ Inter Pipeline Fund agreed to acquire Denmark’s DONG Energy AS terminals & pipelines for $500 million
+ Northland Properties agreed to pay $198 million for two Sutton Place hotels, one in Edmonton and one in Vancouver
+ PNC Financial Services Group Inc. agreed to buy RBC’s U.S. bank & credit card unit for $3.62 billion
+ Raimount Energy Inc. engaged advisors to solicit proposals to develop their Bakken holdings
+ Tonko Realty Advisors Ltd. acquired by Balboa Investments Inc.
+ TransCanada Corporation completed US$360 million Guadalajara pipeline project
NEWS REVIEW June 15-20
+ CN is starting to develop a $200 million 400 hectare logistics park east of Calgary in RockyViewCounty
+ Suncor Energy Inc. announced it will cease business in Libya until Gadhafi is ousted
+ TransCanada Corp.s Keystone XL bitumen pipeline continues to face hurdles for approvals by U.S. authorities; public hearings phase to start soon with a result/decision expected by Nov/2011
+ Trinidad Drilling Ltd. closed the sale of its well servicing rigs of CWC Well Services Corp. for $38 million
+ Weatherford International Inc. is on the market to dispose of up to $1 billion in non-core assets
+ kudos to Jeffrey Boyce of Sure Energy Inc; a donation of $1.5 million to University of Ontario Institute of Technology to fund the Boyce Reseach Chair in Natural Gas as an Alternative Transportation Fuel
+ kudos to Heather & Murray Edwards for their $5 million gift to the Alberta Children’s Hospital for a Level 3 Neonatal Intensive Care unit
GOLF JOKE
A pastor, a doctor and an engineer were waiting one morning for a particularly slow group of golfers. Engineer: What's with these guys? We must have been waiting for 15 minutes! Doctor: I don't know, but I've never seen such ineptitude! Pastor: Hey, here comes the greens keeper. Let's have a word with him. [dramatic pause] Hi George. Say, what's with that group ahead of us? They're rather slow, aren't they? George: Oh, yes, that's a group of blind fire fighters. They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime. The group was silent for a moment. Pastor: That's so sad. I think I will say a special prayer for them tonight. Doctor: Good idea. And I'm going to contact my ophthalmologist buddy and see if there's anything he can do for them. Engineer: Why can't these guys play at night?
