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FACILITYCalgary June28/22

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 SAVE THE DATE / SHAREHOLDER MEETINGS

+ May 31; Sharon Energy Ltd., Calgary, Special Meeting of Shareholders

+ May 31; Tuscany Energy Ltd., Calgary, Special Meeting of Shareholders

+ June 7; Nabors Industries Inc., Hamilton, Bermuda, Annual General Meeting

+ June 28; Leader Energy Services Ltd., Calgary, Annual General Meeting

+ June 30; Torque Energy Inc., London, Ont., Annual and Special General Meeting

+ July 7; Western Financial Group Inc., Special meeting Of Shareholders to Approve Amalgamation with Desjardins Financial Corporation Inc.




PEOPLE ON THE MOVE

+ Alan Fair to CEO @ Oilsands Tailings Consortium

+ Bob O’Reilly to Exec. VP @ TransForce Inc.

+ Brian Kohut to Exec. VP @ TransForce Inc.

+ Don Schroeder, CEO @ Tim Hortons Inc. resigned abruptly

+ Ed Stelmach, Premier of Alberta, submitted his resignation effective Oct. 1

+ Edmund Shimoon to Pres. & CEO @ Calvalley Petroleum Inc.

+ Glenn Taylor elected Leader @ Alberta Party

+ James Houston to Exec. VP @ TransForce Inc.

+ Jean-Francois Dodier to Exec. VP @ TransForce Inc.

+ John Wiersma to Interim Auditor General of Canada

+ Memet Kont, Pres. & COO @ Calvalley Petroleum Inc., resigned

+ Robert Blowes to CFO @ Home Capital Group Inc.

+ Rob Jennings, founder at Jennings Capital, retiring

+ Ron Esch, CEO @ Calgary Real Estate Board announced he will retire Jan/2012

+ Steve Sugianto, Pres. @ Galleon Energy Inc., resigned

 

 

[send us your firm’s appointment notices to:  research@maxcomm.ca ]




 SAVE THE DATE / upcoming events:

+ June 2; OPEC, 159th ordinary meeting , Vienna
+ June 2; SustainaBUILD Conference, BMO Centre, Calgary info/register
+ June 12-15; Banff World Television Awards, info/register
+ June 16; IFMA Luncheon, Calgary Chamber of Commerce

+ June 20; IFMA Golf Tournament, Lynx Ridge Golf Club; info/register

+ June 20; NAIOP’s June presentation: Oil & gas outlook at CAPP, info/register

+ June 28; NAIOP Golf Tournament, Elbow Springs Golf Club
+ July 8 – 17; Calgary Stampede, Stampede Park, Calgary - info/tickets
+ 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





 QUOTES

“Don’t go around saying the world owes you a living. The world owes you nothing. It was here first.” – Mark Twain


 FRESH ITEMS TODAY - May 31/2011

+ Bank of Canada will make an interest rate announcement this morning

+ energy prices live link to Bloomberg.com commodities data ; Brent crude down on concerns about further Greek bailout and EU uncertainty

+ FACILITYCalgary has changed weekly publication to TUESDAY to better serve our readers

+ fire halted work at Imperial Oil’s Kearl mine site; out-of-control wildfire is 8km. away

+ Husky Energy Inc. is looking at listing on Hong Kong stock exchange

+ postal strike likely as Canada Post – union talks stalemated

+ Shell Canada considering a west coast LNG terminal at Prince Rupert

+ Texalta Petroleum Ltd. got shareholder approval for its combination with PetroFrontier Corp.

+ yesterday was Memorial Day in the United States; markets closed




FINANCINGS - proposed & closed

+ CGGVeritas raised $600 million in new senior debt

+ Dundee REIT raised $155.2 million in new equity

+ Flint Energy Services Ltd. is on the market to raise $175 million in secured senior debt

+ H & R REIT raised $200 million in new equity

+ Habanero Resources Inc. is on the market to raise $1,630,000

+ Northern Financial Corporation closed $3.32 million equity financing

+ Pacific & Western Credit Corp. closed $16,821,000 equity financing

+ TransGlobe Apartment REIT is on the market to raise $50 million in new equity




GOLF JOKE

A pastor, a doctor and an engineer were waiting one morning for a particularly slow group of golfers.  Engineer: What's with these guys? We must have been waiting for 15 minutes!  Doctor: I don't know, but I've never seen such ineptitude!  Pastor: Hey, here comes the greens keeper. Let's have a word with him. [dramatic pause] Hi George. Say, what's with that group ahead of us? They're rather slow, aren't they?  George: Oh, yes, that's a group of blind fire fighters. They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime.  The group was silent for a moment.  Pastor: That's so sad. I think I will say a special prayer for them tonight. Doctor: Good idea. And I'm going to contact my ophthalmologist buddy and see if there's anything he can do for them. Engineer: Why can't these guys play at night?




INFRASTRUCTURE/P3/GREEN/LEED

+ Government of Alberta announced $550 million in new capital funding; will build 35 new schools across the province

 

+ the game of high-stakes chicken is over and a deal, finally, has been struck between the City of Calgary and the Airport Authority; there WILL be a tunnel under the new runway to carry traffic from NE Calgary to the terminal via 36th Street NE and Metis Trail.  The City will build 4 exchanges.  It looks like the City blinked and Airport Authority allowed the tunnel on their dictated terms and got the exchanges in the bargain.




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

FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of MaxComm Communications
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e-mail: Mark Kolke




 COMMENTARY

+ waytogo to Ian Dundas from ENERPLUS, lending his support for the Kids Cancer Foundation of Alberta event – Tour For Kids, Alberta – so, get out riding your bike or, if you aren’t up for the, sign up to sponsor Ian

 

+ kudos to Govan Brown, office interiors firm named the Canadian Business Journal ‘Company of the Year’

 

+ kudos to Bonnie Dupont, Richard Haskayne and Preston Manning – honorary degree recipients at SAIT Polytechnic




 NEWS REVIEW   May 24-30

+ Agrium Inc agreed to acquire Tetra Micronutrients

+ Blackstone Group LP & Slate Properties are selling off $900 million in Canadian office buildings (29 buildings, 3.2 million sq. ft.) including 6 in Calgary

+ Blockbuster, in receivership, is closing 140 stores in Canada, 7 in Calgary

+ BP and ConocoPhillips are reconsidering, after abandoning their Denali pipeline proposal, of taking Alaskan gas to tidewater for LNG shipping to Asian markets

+ Chinese state-owned oil firms are interested in oilsands, investing many billions more predicated on increased pipeline supply to the west coast (ie: Enbridge’s Northern Gateway project)

+ El Paso Corp. got board approval to split into two companies; one focused on pipelines, the other and E & P company

+ Enbridge Northern Gateway project is attracting lots of attention/critique in its public input process for the Joint Review Panel process

+ Government of Alberta announced $25 million in aid for southern Alberta flooding

+ Imperial Oil’s Kearl mine project budget has risen 36% to $10.9 billion on increased construction costs

+ Parkland Fuel Corp. appears likely to snare operation of 20 Shell Canada gas stations in Quebec and the Maritimes

+ Rainbow Pipeline resumed operations as wildfire risk diminished

+ Target Corp., in its $1.825 billion takeover of Zellers, has selected which leases it will assume; 6 Zellers stores in Calgary will be re-branded Target

+ The Laurentian Bank celebrated its 165th anniversary

+ Tourmaline Energy agreed to acquire Cinch Energy for $205 million

+ Union Gas celebrated its 100th anniversary

+ weekly economic update from ATB Financial




 
 


 sponsors of this issue:



INTERIOR DESIGN

http://martens-group.com
e-mail to Sharon Martens



INSURANCE AND BONDING

http://bdinsurance.com
e-mail to Dick Vaive




RESIDENTIAL MORTGAGE BROKER

TRUE NORTH MORTGAGE
e-mail to Dan Eisner



ENERGY ADVISORY

http://www.commoditycycle.com
e-mail to Duncan Robertson




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