+ Agatha, first named storm of the 2010 Pacific hurricane season kills 86 Guatemala
+ BP plans to cap well: top-kill method failed; plan to use diamond-rimmed saws operated by under-sea robots to cut off a pipe over well - install containment device to siphon leaking oil and gas to a ship on surface
+ BP – U.S. Government tension grows over failure to resolve Gulf of Mexico blowout well that continues to leak crude
+ Ethiopia rejected claim by rebel group it has taken control of an Ogaden region gas fieldbeing explored by Petronas and Vancouver-based Africa Oil Corporation
+ Memorial Day Holiday in United States; financial markets closed
+ rumors swirl after dismissal of Canadian commander in Afghanistan (Bridadier-General Daniel Ménard was relieved)
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+ ATB Financial reported 2009-10 net income of$127.5 million + BP investigation of Gulf of Mexico spill focused on control mechanisms + Canada’s Finance Minister announced plans to establish a single securities regulator for the country in the face of strong opposition from Alberta, Quebec and Manitoba who claim jurisdiction and do not believe the system broke, so aren’t supportive of a fix; before introduction in parliament, the proposed Canadian Securities Act will be reviewed by the Supreme Court of Canada to be sure the move squares with the constitution .. stay tuned + Connacher Oil and Gas Limited commissioned its SAGD central processing and steam generating plant at the Algar (80 km southeast of Fort McMurray) + Enbridge Northern Gateway Pipeline Project; Joint Review Panel beginning assessment ofproposed project: two 1,170 kilometres pipelines (20” diameter inside a 36” diameter) and construction/operation of Kitimat Marine Terminal + Medican Group of Companies applied for court protection from its creditors while they reorganize + Nordic Oil and Gas Ltd. agreed to sell 50% interest in Lloydminster area heavy oil properties to Western Plains Petroleum for $2.2 million + Royal Bank of Canada reported net income of $1,329,000 for 2nd qtr. ended April 30 + Royal Dutch Shell PLC agreed to buy US$4.7 billion in shale gas assets from East Resources Inc. + Suncor Energy Inc. plans to sell its Dutch subsidiary, to raise $500 million + The Churchill Corp. acquiring Seacliff Construction Corp., $390 million + U.S. Government suspended drilling on 33 rigs in an offshore drilling safety crackdown + women's marathoner, Ellie Greenwood, breaks course record by over 10 minutes at Scotiabank Calgary Marathon; race results atwww.calgarymarathon.com + Whiterock REIT buying $147 million portfolio of office/industrial properties in greater Toronto area
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
+ the Stelmach government adjusted royalty rates for the oil & gas industry, again, in efforts to stimulate exploration investment in response to ongoing industry lobbying for the changes. With 277 or 550 rigs operating in Alberta today it appears to be a right-headed move. Dubbed the Emerging Resource and Technologies Initiative, it will be reviewed in 2014
+ Fed Chairman Ben Bernanke continues to paint a rosy picture of an American economy recovering without European meltdown; the Fed is predicting U.S. GDP growth of 3.2-3.7% this year.Markets aren’t agreeing with him as investors flee stocks for government bonds and gold. Employment indicators (down) suggest that the market, once again, has a better handle on the economy than the Fed Chair
+ kudos to Jamie Kureluk who shot a world professional record 9 hole score of 25 enroute to winning the RBC Alberta Open held at Carnmoney
+ the Government of Canada is under fire for its plan to spend $930 million on security for upcoming G-8 and G-20 conferences being held at two locations in Ontario at nearly the same time; rightly so, Auditor General Sheila Fraser will have a look after she’s done examining MPs expenses but, sadly, all that cash will be spent before we get to find out what it’s been spent on
INFRASTRUCTURE / P3
+ Aecon awarded $19-million contract to widen 407 ETR (Ontario)
+ City of Calgary opened $450 million Pine Creek waste water treatment facility
+ construction underway on next section of Highway 63 twinning north of Wandering River; 18 kilometres of work- $17.8 million scheduled to be completed by fall 2011
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).
- “Success is not the result of spontaneous combustion. You must first set yourself on fire.” – Fred Shero
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-“The United States is like giant boiler. Once the fire is lighted under it, there is no limit to the power it can generate.” – Winston Churchill ~~
- “The fire you kindle for your enemy often burns yourself more than them”. – Chinese Proverb ~~
- “When soldiers have been baptized in the fire of a battle-field, they have all one rank in my eyes.” – Napoleon Bonaparte ~~
- MacDonald was aged 80 when, for he first time in his life, he walked into his golf club bar and ordered drinks for everyone. “What's the occasion, mon?" enquired the stunned bartender. "Hole in one?" "No," the old highlander replied, "I've just married a bonnie lass!" It was seven months later when MacDonald again strode into the bar and again ordered drinks all round. "And what are we celebrating this time?" asked the amazed bartender."Tis the wife, lad, she's just presented me with a baby boy." "But you've only been married seven months!" "Tis true, 'tis true! Imagine it - two under par and me with a whippy shaft!"
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
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