+ 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
INFRASTRUCTURE/P3/GREEN/LEED
+ Tsuu T’ina Chief Sandford Big Plume is trying to revive negotiations with the City of Calgary and the province for the SW ring road route . . . but most people in the know are too skeptical to believe a deal might be finally possible. If anyone can pull it off, Chief Big Plume is the guy . . . stay tuned . . .
+ Calgary City Council is wrestling with priorities for windfall $135 million in provincial infrastructure funds toward the budget for a new central library; the library re-build project is a $250 million issue that has been put off for 20 years – and the way council is going, it will take 20 more …
GOLF JOKE
A man is lying on his hospital bed. From behind an oxygen mask the man asks, "Are my testicles black?"Embarrassed, the young nurse replies, "I don't know, Sir. I'm only here to wash your upper body and feet."He struggles to ask again, "Nurse, are my testicles black?"Concerned that he may elevate his vitals from worry about his testicles, she overcomes her embarrassment and sheepishly pulls back the covers.She raises his gown, holds his penis in one hand and his testicles in the other. Then, she takes a close look and says, "There's nothing wrong with them, Sir!"The man pulls off his oxygen mask, smiles at her and says very slowly,"Thank you very much. That was wonderful, but, listen very, very closely . . ARE-MY-TEST-RESULTS-BACK?
FRESH ITEMS TODAY - June 28/2011
+ Canada Post mail deliver resumes today; workers legislated back to work
+ European Union countries reacting to French proposal to roll Greek debt holdings for 30 yrs. as Greek parliament remains gridlocked and strike bound; meanwhile, investors watch Spain & Ireland government and bank debt carefully
+ Montana-Alberta power line project in jeopardy due to escalating costs facing Tonbridge Power Inc.; project due for completion end of 2012
+ TransForce Inc. closed its acquisition of DHL Express (Canada) Ltd. operations in Canada; will continue to operate both Loomis and DHL services domestically
+ Wrangler West Energy Corp. sold Grand Forks area oil assets for $5.3 million
NEWS REVIEW June 22-27
+ Alliance Pipeline LP announced the will build an 80 mile lateral pipeline – Tioga Lateral Project – to deliver natural gas liquids for Hess Corporation; completion July 2013
+ AltaGas Ltd.’s Gordondale gas plan got regulatory approval
+ Connacher Oil and Gas Limited engaged advisors to sell its intrest in Halfway Creek oilsands project
+ Deloitte & Touche LLP agreed to acquire AJM Petroleum Consultants; will operate as AJM Deloitte
+ Eighth Avenue Place – Phase I (east tower) had grand opening; jointly owned by SITQ, Alberta Investment Management Corporation (AIMCo) and Matco Investments Ltd, the property was pre-certified LEED Platinum the first high-rise office building in Canada and only the third in North America to earn that designation
+ Encana Corp.’s $5.4 billioni JV with PetroChina to develop Cutbank Ridge fell apart; both sides declined to disclose which elements of the deal fell apart
+ Government of Alberta signed a deal with Shell Canada Energy for the Shell Quest carbon capture and storage project; Alberta to contribute $745 million over 15 years, Government of Canada contributing $120 million
+ Ivanhoe Cambridge closed the sale of five Canadian shopping centres to Primaris Retail REIT for an undisclosed sum
+ Maple bid vs. LSE wrangle for Toronto Stock Exchange going down to the wire in battle for shareholder and regulatory approval
+ Niko Resources Ltd. consented to a judgment of $9,499,000, pleading guilty to bribery charges relating to a Bangladesh project
+ oil prices slumped on news the U.S. Government released 30 million barrels from its National Petroleum Reserve
+ Pengrowth Energy Corp. had a pipeline leak & explosion at JudyCreek facility near Swan Hills; line is shut pending repairs & investigation of cause
+ Petrominerales Ltd. is acquiring a $281 million interest in Columbia’s Ocensa crude oil pipeline
+ Tuscany International Drilling Inc. is acquiring Caroil SAS for $202 million
+ U.S. gridlock over debt-ceiling seems insoluble as parties are dug in with Aug. 2nd deadline looming
+ WalMart Canada Corp. is taking over 39 Zellers store leases that Target doesn’t want
“Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one's ideas, to take a calculated risk - and to act.” – Andre Malraux
“Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success, that is way great spiritual giants are produced.”- Swami Vivekananda
FACILITYCalgary is published from Calgary every Tuesday morning
