+ Enbridge Energy Partners and Enbridge Income Fund completed their Bakken Pipeline Expansion Project that increased capacity to 145,000 barrels/day, of which 100,000 barrels/day is committed by shippers
+ First Capital Realty completed a joint acquisition of former Molson Brewery site in Edmonton with Sun Life Assurance Company; 14.3 acres for $32.3 million
+ Hess Corporation announced it will sell its retail, refining and processing business to shake up its business and stave off activist investors
+ NewNorth Projects Ltd. agreed to sell its interest in Kinniburgh South Limited Partnership for $3.5 million
NEWS REVIEW Feb. 26 - Mar. 4
+ Advantage Oil & Gas Ltd. engaged advisors to consider strategic alternatives to enhance and maximize value for shareholders
+ Celtic Exploration Ltd. closed its takeover arrangement that had ExxonMobil Canada Ltd. acquired all the shares of Celtic
+ CN and LBC Tank Terminals teamed up to increase northern Alberta crude oil shipments to the Gulf of Mexico coast, expanding Sunshine terminal in Geismar, LA
+ Desjardins Investments Inc. changed its name to Desjardins Global Real Estate Fund and adjusted its investment plans
+ Dixie Energy Trust and VisionSky Corp. completed their arrangement whereby Dixie acquired VisionSky
+ ExxonMobil Canada Ltd. sold 50% interest in Celtic Exploration Ltd. to Imperial Oil Limited
+ Homburg International Group closed sale of Homburg Insurance Company Limited
+ Homburg Invest Inc. secured an extension of its CCAA protection to April 26, 2013
+ Huntingdon Capital Corp. is amending its takeover bid for KEYreit to $99 million; KEYreit urging unitholders not to accept . . . stay tuned
+ Olympia Trust Company expanding, got authority to operate in Nova Scotia, applied for license in New Brunswick
+ Pacific Rubiales Energy Corp. agreed to invest $35 million to acquire control of CGX Energy Inc.
+ Royal Dutch Shell PLC cancelled its 2013 Arctic/Alaska offshore drilling program due to equipment issues . . . without commenting on price ??
+ Shaw Communications are renovating and expanding Shaw Court – 2 tower development will be 540,000 sq. ft. office/residential development across the street
+ Temple Hotels Inc. agreed to acquire three Nova Scotia hotels, $87.5 million
+ Terra Energy Corp. closed a sale of an additional $20 million in Montney assets to Crew Energy Inc.
+ Toscana Energy Income Corporation agreed to acquire $12 million in light crude oil production
+ TransCanada Corporation got encouragement for its Keystone XL Pipeline – U.S. Department of State released its Draft Supplemental Environmental Impact Statement, one more step in the approval process . . .
+ True North REIT closed acquisition of four multi-family properties in Ontario for $25.7 million
+ ENMAX Corporation closed Capital Power Corporation's purchase of an initial 25% interest in a JV to build and operate the Shepard Energy Centre (800MW natural gas fired electricity generation facility to open first quarter 2015). Capital Power and ENMAX agreed to financially close the second 25% tranche no later than first quarter of 2014
+ Alberta Government announced plans for a new $1.3 billion southern Alberta Cancer Center for Calgary to replace the Tom Baker Center as a joint adventure with the Alberta Cancer Foundation; to be built on Foothills Medical Centre grounds in 2015/16; probably a P3 (Public Private Partnership) because the province has committed $181 million while it struggles with a large deficit. Alberta Cancer Foundation has committed to raising $200 million . . .
+ Alderman Shane Keating is proposing a new funding scheme to accelerate construction of the SouthEast LRT line . . . with little hope – but, it is an election year! I suppose he is seeking re-election
+ St. Patrick’s Island bridge ($25 million – opening in October/2013) under construction as part of island redevelopment – on time, on schedule – full design details of the $45 million master plan to be made public by mid-March
+ Mayor Nenshi making peace Canadian Home Builders Association’s Calgary Pres. – war of words may be over . . . stay tuned
QUOTES
“It is a sad thing when men have neither the wit to speak well nor the judgment to hold their tongues.” – Jean de la Bruyere
“Self-esteem isn’t everything; it’s just that there’s nothing without it.” – Gloria Steinem
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