+ ENMAX signed a 25 yr deal with BowValleyCollege to supply heat (for completion by 2012) from the ENMAX District Energy Centre
+ TransAlta Corporation will build a 66 megawatt wind farm facility at Richmond, Quebec; to be on stream late in 2012
+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.
Mark Kolke, Editor/Publisher
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
+ Libyan rebels continue to take control of oil assets in quest to overthrow Ghaddafi regime
+ Tuscany Energy Ltd. and Sharon Energy Ltd. agreed to combine
GOLF JOKE
My neighbour lives on her own and has set herself up as a handyperson to carry out small decorating jobs. She visited the local golf club and spoke to the manager about work. The manager decided the porch of the clubhouse could use a coat of paint and showed my neighbour where she could find paint and brushes. The manager set off for his daily round of golf but he had only reached the 4th tee when my neighbour joined him and said "I've finished the painting and even managed two coats. By the way it wasn't a porch it was a ferrari."
COMMENTARY
+ Portugal is on the ropes, looking for an EU bailout, while the entire European union is anxious about Libyan conflict, stability throughout the middle east (meaning continuity of oil supply) and over-arching concerns for GDP growth . . . which, when considered together with the shaky state of the U.S. economy, gives few reasons for a joyous outlook
+ with a Federal election looming, the Alberta Tory leadership race will be hard pressed to generate any front page headlines for a while – and expect most political types and volunteers to be similarly distracted . . . so the race to replace Ed Stelmach as Premier will just have to wait – to be fought during the Stampede breakfast and BBQ circuit with a vote in the fall . . .
+ kudos to Steve Carruthers and crew at Zeidler Partnership Architects, honoured by the Alberta Steel Design Awards of Excellence for its design of the 59-storey BOW tower
QUOTE
‘Each candidate behaved well in the hope of being judged worthy of election. However, this system was disastrous when the city had become corrupt. For then it was not the most virtuous but the most powerful who stood for election, and the weak, even if virtuous, were too frightened to run for office.’ – Niccolo Machiavelli (1469-1527)
May 17; Saskatchewan Real Estate Forum, TCU Place, Saskatoon; info/register
+ June 2; OPEC, 159th ordinary meeting , Vienna + June 2; SustainaBUILD Conference, BMO Centre, Calgaryinfo/register + June 12-15; Banff World Television Awards, info/register + July 8 – 17; Calgary Stampede, Stampede Park, Calgary - info/tickets
NEWS REVIEW Mar. 22-27
+ Anadarko Petroleum Corp. agreed to sell a 1/3rd interest in its Eagle Ford shale venture to Korea National Oil Company for $1.55 billion
+ Anadarko Petroleum Corp. acquiring Wattenburg, Colorado processing plant from BP PLC for $575.5 million
+ Canadian Pacific announced it is investing $100 million in capacity expansion in North Dakota to handle shipping needs for grain and oil from the Bakken Formation
+ ConocoPhillips announced its plan to sell $5-10 billion in non-core assets over the next two years; experts expect total to be more likely $20billion
+ Fairborne Energy Ltd. closed $125 million central and northern Alberta assets divestiture
+ Japan earthquake and tsunami damage estimated to produce $1.2 billion in insurance claims
+ Major Drilling Group International Inc. closed a US$9.73 million acquisition of Resource Drilling in Mozambique
+ Scotia Capital’s Global Energy Solutions operation is moving to Calgary from New York
+ Shaw Communications cutting 140 jobs in a corporate re-organization
+ Shawcor Ld. agreed to acquire the pipe coating business of Altus Energy Services
+ Stephen Harper’s minority government was defeated; Federal Election May 2nd
+ U.S. Treasury is trying to re-stabilize its housing finance market, with the sale in dribs and drabs of $142 billion in mortgage backed securities, in faint hope of full recovery for taxpayers
