+ Bob Thompson to Pres. & Chair @ Calgary Stampede Board, replacing Michael Casey
+ Dave Winston to Managing Partner, Industrial Practice @ The Caldwell Partners International Inc.
+ David French to Pres. & CEO @ Bankers Petroleum Ltd., replacing Abdel Badwi who retired
+ David Lawrence, Exec. VP responsible of Alaska offshore program @ Royal Dutch Shell PLC, leaving the company
+ David Stevens to CEO @ Epcor, replacing Don Lowry who retired
+ Doug Eyford to Special Representative on West Coast Energy Infrastructure @ Government of Canada
+ Dwight Duncan to Sr. Strategic Advisor @ McMillan LLP
+ Galen Gower to VP Business Dev. @ Carfinco Financial Group Inc.
+ Gregory Lohnes stepped down as General Partner and Board Chair @ TC Pipelines LP, but will remain as Exec VP Operations and Major Projets @ Transcanada Pipelines Limited
+ Ian Dundas to Pres. & CEO @ Enerplus Corporation, replacing Gordon Kerr who is retiring
+ Jacqueline Anderson to VP Account Acquisition @ Carfinco Financial Group Inc.
+ Karl Johannson to General Partner and Board Chair @ TC Pipelines LP and will continue as Exec. VP and Pres, Natural Gas Pipelines @ TransCanada Corporation
+ Mark Trepp to Sr. VP Office Properties @ DTZ Vancouver Real Estate Ltd.
+ Murray Cunningham to COO @ Scott Builders Inc.
+ Patrick James to Partner @ Linnel Taylor Lipman & Associates Ltd.
+ Randy Toone to New Zealand Country Manager @ TAG Oil Ltd.
+ Scott Tannis, Pres. & CEO @ Western Financial Group to Senator @ Parliament of Canada, representing Alberta, replacing Bert Brown who retired
+ Tamen Stuve to Corp. Client Service Mgr. @ United Protection Security Group Inc.
+ Tony Comper to Chair @ PPP Canada
+ Tricia Frost to VP Account Management @ Carfinco Financial Group Inc.
+ Wilfred Vos to Pres. @ ROI Capital, replacing David Sharpe who left the firm
+ Cyprus banks remain closed to avoid run on deposits; seem to have staved off failure and major EU catastrophe with a bail-in (not a bail-out) by forcing large depositors to rescue them . . . tic/toc for other EU countries/banks on the brink looking at new solutions to avoid banking system collapse
+ KEYreit and Plazacorp Retail Properties Ltd. reached a deal valued at $320 million for a takeover by Plazacorp of 100% of KEYreit
+ Plazacorp Retail Properties Ltd. got a positive ruling from Canada Revenue Agency with respect to converting to a REIT
+ Sinopec Corp. to form JV and acquire $3 billion in oil & gas assets from its parent PetroChina Co. Ltd.
NEWS REVIEW Mar. 19 - 25
+ Alberta agriculture programs to get $406 million boost from federal budget, part of $3 billion Growing Forward program
+ Enbridge Inc. to invest $100 million to construct 50 km, 16” diameter pipeline to connect Haningstone project to Cheecham Terminal in agreement with Athabasca Oil Corporation
+ Equal Energy Ltd. engaged advisors and formed Special Committee to respond to unsolicited takeover proposal from Montclair Energy LLC
+ Federal Finance Minister Jim Flaherty tabled a budget that extended prediction for a balanced budget to 2015, offering stimulus and cutbacks, infrastructure support and balance that has left just about every organization in the country a little bit happy and not unhappy enough to complain – all in the face of a slightly-slumping economy and down housing market across the country, in attempts to soften impact of slowdown in the economy and recession fears
+ Government of Alberta cuts its $500 million bioenergy program
+ Ivanhoe Energy Inc. and SBM Offshore formed an alliance to develop offshore heavy oil resources
+ Halliburton Canada closing its oilfield service facility in Medicine Hat
+ IROC Energy Services Corp’s Eagle Well Servicing sub. and O’Chiese First Nation formed joint venture service rig construction
+ Montana Exploration Corp. completed its restructuring
+ Montclair Energy LLC made a takeover bid to acquire Equal Energy Ltd.
+ ShawCor Ltd. completed its arrangement eliminating its dual class share structure
+ University of Calgary froze executive salaries
INFRASTRUCTURE / P3 / GREEN
+ new Edmonton Remand Centre opened; 60,000 sq. m. facility cost $580 million project, LEED Silver
+ 1,981 room Hilton hotel in Midtown Manhattan has a new arrival on its green roof; developed by Anaergia Inc., 1,750KW cogeneration plan reducing its carbon footprint by 30%
+ 2013 Federal Budget - $53 billion targeted at infrastructure support for municipalities
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ La Capitale Financial Group opened its new LEED Gold headquarters facility in Quebec City
+ Ivanhoé Cambridge closed on its investment US$ 400 million, together with partners TPG and DivoWest to acquire a portfolio of 73 office buildings in California’s Silicon Valley from Mission West Properties Inc., a publicly traded REIT
+ Slate U.S. Opportunity (No. 2) Realty Trust closed $12 million acquisition of Kroger anchored property in Douglasville, Georgia (8.3% going in cap rate)
+ Golden GateBridge in San Francisco eliminated toll taking staff, all automated now
+ CN is spending US$141 million to rehab and add to its Kirk Yard facility in Chicago after relocating/contracting out its forest products transload operation
QUOTES
“All wish to possess knowledge, but few, comparatively speaking, are willing to pay the price.” - unknown
“Make sure you have finished speaking before your audience has finished listening.” – Dorothy Sarnoff
