FACILITYCalgary is published from Calgary every Tuesday morning

+ west LRT route detour will delay opening till March 2013 (originally set for Dec. 2012) and cost an additional $35 million

Arthur is 90 years old.  He's played golf every day since his retirement 25 years ago. One day he arrives home looking downcast. That's it", he tells his wife. I'm giving up golf. My eyesight has got so bad ..once I've hit the ball, I can't see where it went."  His wife sympathizes. As they sit down she says, "Why don't you take my brother with you, and give it one more try". "That's no good", sighs Arthur. "Your brother is a hundred and three. He can't help". "He may be a hundred and three", says the wife, "but his eyesight is perfect". So the next day Arthur heads off to the golf course with his brother-in-law. He tees up, takes an almighty swing and squints down the fairway. He turns to the brother-in-law, "Did you see the ball?"  "Of course I did!", says the brother-in-law. "I have perfect eyesight."  "Where did it go?", says Arthur. "I don't remember."

+ Algonquin Oil & Gas Limited agreed to combine with Mondak Petroleum Inc.

+ current energy prices -  live link to Bloomberg.com commodities data , oil traded near a two-day low in New York as speculation Europe will struggle to contain its debt crisis countered signs of declining fuel stockpiles in the U.S.; Brent oil rose

+ Sinopec Group agreed to pay US$3.5 billion for 30% stake in Brazilian unit of Galp Energia

+ TMX Group Inc. opened an office in Beijing

+ TransCanada Corp. announced it will work with Nebraska state authorities to re-route the Keystone XL pipeline away from the sensitive Sandhills region

+ Twin Butte Energy Ltd. agreed to combine with/acquire Emerge Oil & Gas Inc. in $170 million deal

+ Argosy Energy Inc. is on the market to raise $11 million in new equity

+ Canadian Natural Resources Ltd. closed $501,350,000 debt financing

+ Enbridge Inc. increased its preferred share offering to $450 million

+ Forent Energy Ltd. is on the market to raise $3,500,000 in flow-through equity

+ Halliburton Co. closed $1 billion in senior debt financing

+ Hemisphere Energy Corp. closed $1,430,000 flow-through equity issue

+ Painted Pony Petroleum Ltd. closed $103,840,000 equity financing

+ ShaMaran Petroleum Corp. is on the market to raise $51 million in new equity

+ Solid Resources Ltd. is on the market to raise $1 million in new equity

+ Tourmaline Oil Corp. is on the market to raise $49,200,000 in flow-through equity

Formula for success: rise early, work hard, strike oil. – Jean Paul Getty

The first lesson of economics is scarcity: there is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. – Thomas Sowell

+ AIMCo. Agreed to acquired a 50% interest in Chilean electricity firm Grupo Saesa from Morgan Stanely infrastructure fund

+ Alberta government launched a new Oil Sands Information Portal

+ Canada is proposing to join the Trans-Pacific Partnership trade group

+ Clark Builders formed partnership with Turner Construction; Turner to hold 51%, Clark employees to hold 49%

+ Grizzly Oil Sands got approval for $200 million is situ thermal oil-sands project SW of Algar Lake near Fort McMurray; to produce 11,200 barrels/day

+ Italian debt crisis continues Eurozone woes, Silvio Berlusconi resigned – replaced by technocrat Mario Monti; French economy shaky too

+ SNC-Lavalin awarded $650 million contract for a Fort McMurray froth treatment plant

+ TransCanada Corp.’s Keystone XL Pipeline project pending approval postponed to 2013 by President Obama over concerns about route & environmental concerns (a.k.a. presidential election politics!)