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FACILITYCalgary May 6/25

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  FRESH NEWS TODAY - June 28, 2010  

+ energy prices – live link to Bloomberg.com commodities data

+ Global Summits draw to an end; G20 parts ways in search of lasting recovery

+ G-20 called for increase in bank capital requirements by end of 2012; final statement - plan to bring rest of world’s banks up to Canadian levels with strong capital ratios

+ Gulf of Mexico oil leak repairs continue with one eye on Gulf storm

+ tropical depression Alex moved into SW Gulf of Mexico, prompting closure of two key Mexican oil ports


  NEWS REVIEW June 22 - 27 

+ Alberta Government 2009-10 deficit $1 billion (3.7 billion less than forecast)

+ China re-opening borders to receive Alberta Beef in staged process

+ Connacher Oil and Gas Limited started production / sold first oil from Algar SAGD plant

+ Crescent Point Energy Corp. agreed to acquire Ryland Oil Corp. for $ 122 million

+ Encana Corp. agreed to partner with China National Petroleum Corp. for JV development of unconventional gas resources in BC

+ Fort Chicago Energy Partners L.P.  agreed to acquire Swift Power Corp., $8.47 million

+ Gaz Métro Limited Partnership got board approval to re-organize Gaz Métro into a new dividend-paying public corporation

+ G-8/G-20 hosting costs estimated to be in excess of $1 billion

+ Resin Systems Inc. changed name to RS Technologies Inc.

+ Sinopec acquisition of ConocoPhilips’ stake in Syncrude Canada approved by Industry Canada

+ Suncor Energy Inc. sold Sundre area natural gas properties to Taqa North for $285 million

+ Torque Energy Inc.’s Liberty Oil & Gas Ltd. agreed to sell Dover East field Natural Gas Storage Reservoir to Union Gas Limited

+ weekly economic update from ATB Financial





 sponsors of this issue of FACILITYCalgary:

http://martens-group.com
e-mail to Sharon Martens



http://trezcapital.com
e-mail to Barry Brovender



http://bhgolfdesign.com
e-mail to Gary Browning



http://plandflex.com
e-mail to Mark Kolke



http://office-space-calgary.com/
e-mail to: Mark Kolke



http://serecafire.com
e-mail: Michael Bodnar



REGUS CALGARY
e-mail to Ken Esslinger



TRUE NORTH MORTGAGE
e-mail to Dan Eisner



http://bdinsurance.com
e-mail to Dick Vaive




FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

Readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca  

FACILITYCalgary
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 SHAKERS/Movers moving

+ Alex Pourbaix, to Pres. Energy and Oil Pipelines @ TransCanada Corporation

+ Agathe Côté to Deputy Governor @ Bank of Canada, replacing retiring Pierre Duguay

+ Deborah Meyers to Superintendent & CFO @ Calgary Board of Education

+ Dennis McConaghy to Exec. VP, Corp. Dev. @ TransCanada Corporation

+ Don Marchand to Exec. VP & CFO @ TransCanada Corporation

+ Glenn Scott to Sr. VP Resources Div. @ Imperial Oil Limited

+ Graeme Bunting to VP Construction @ Devitt & Forand Contractors Inc.

+ Grant Walsh to Chair, Board of Directors @ Canada Lands Company Limited

+ Greg Lohnes to Pres. Natural Gas Pipelines @ TransCanada Corporation

+ Randy Broiles to VP Americas @ ExxonMobil Production Company

+ Rejean Levesque to Chair, Executive Council @ Canadian Bankers Association

+ Rick Andison to VP Development @ Devitt & Forand Contractors Inc.

+ Sean McBurney to Sr. Client Partner, Calgary @ Korn/Ferry International

+ Tracy McTaggart, City Auditor @ City of Calgary, fired





 FINANCINGS - proposed & closed

+ AltaCanada Energy Corp. closed $6,408,843 equity rights offering

+ Canadian Spirit Resources Inc. closed $4.2 million flow-through equity issue

+ Genoil Inc. closed US$ 1 million new equity issue

+ Keyera Facilities Income Fund on the market to raise $155 million in new debt

+ Smart Technologies on the market to raise $600 million through IPO

+ Yangarra Resources Ltd. on the market to raise new equity in two placements, $924,000 in common shares, $990,000 in flow-through shares







 SAVE THE DATE - upcoming events:  

+ June 29, NAIOP Annual Golf Tournament, Elbow Springs Golf Club; register
+ July 9 – 18 – Calgary Stampede – schedule and tickets
+ August 19, Calgary Enterprise Forum Golf Tournament , Elbow Springs
+ August 30, 2nd Annual Chip In For United Way Golf Tournament, SilverWing Golf Course
+ Sept. 8 , 2010 Mortgage Loans of Alberta Golf Tournament, Shaw Nee Slopes, Calgary; register, e-mail:  greg.stephanson@td.com

+ 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



VACATION RENTALS HAWAII


HOT NEWS ITEMS


TECHNOLOGY NEWS


COMMENTS / FEEDBACK WELCOMED


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Mark Kolke, Editor/Publisher




  COMMENTARY + argument 

Some dynamics I see at work in the market:

 

+ just thinkin’ - lease renewal a year or two out is not/should not be a barrier to re-working a lease.  Landlords have a lock, that’s true – with the challenges of subleasing pricey space in a flooded market, so a new deal, a relocation, a re-think – has never made more sense for a lot tenants who are studying their value-for-money issues to right-size now, rather than later.  Landlords, whose number one job is tenant retention have rarely been as receptive.

 

+ just thinkin’ - off-shore drilling is an interesting melodrama – as US authorities, drilling companies and the courts wrestle over whether it will be a week or moratorium, or moratorium lifting or flip/flopping . . . as if a clear position either way is going to foster offshore drilling rejuvenation; imagine if there will be a time when any insurance company wants to touch that risk again . . . or at least not any time soon.  Therefore, companies will drill in locations where they can insure their exposure.




 INFRASTRUCTURE / P3 / GREEN / LEED

+ Hopewell Highway Infrastructure Ltd a toll-road infrastructure company, to issue yuan-denominated corporate bonds to institutional investors, first of its kind in Hong Kong

 

+ interest in LEED certification is resulting in certification delays; in May/2010 alone, more than 2000 projects registered and more than 450 have submitted for LEED certification – which makes me wonder, are LEED designation applications effective in attracting tenants, or is the real proof in the operating costs? In other words, are developers seeking the certification out of genuine concern for smaller carbon footprints, or as a marketing tool only?




  POINTS to ponder  

Statements made:

 

June/2010 -  Timothy Geithner warned "of the risk to the fragile global recovery of withdrawing stimulus too soon." Geithner said that while the global economy was coming out of the fires of the crisis, "the scars of this crisis are still with us.  "This Summit must be fundamentally about growth," he noted, adding, "our challenge, as the G-20, is that we all need to act to strengthen the prospects for growth." He indicated that "this will require different strategies in different countries." Geithner noted that for growth to be sustainable in the future, we "need to act together to strengthen the recovery" and finish the job of repairing the damage of this crisis.

 

~~~~

 

An economist's logic: A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun. Finally he said, ' OK see that big mountain over there?'  'Yes', answered the others eagerly. 'Well, according to the map, we're standing on top of it.'

 

 

‘Economists give their predictions to a digit after the decimal point to show that they have a sense of humor.’ – unknown

 

‘Predictions is very difficult, especially if it’s about the future.’ – Niels Bohr

 

‘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

 

‘The gap in our economy is between what we have and what we think we ought to have – and that is a moral problem, not an economic one.’ – Paul Heyne

 

‘Men do not realize how great a revenue economy is.’ – Marcus Tullius Cicero

 

‘In ancient times they had no statistics, so they had to fall back on lies.’ – Stephen Leacock



 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).

  • MaxComm Realty Advisors / MaxWell South Star
  • 888 - 3rd Street SW, Suite 1000, Calgary, Alberta
  • Phone: 403-444-6939
  • e-mail: mark.kolke@office-space-calgary.com
  • Mark Kolke, Realtor, is an Associate under contract to MaxWell SouthStar Realty
  • http://office-space-calgary.com






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