+ Bank of Canada in search of new Governor upon departure of Mark Carney; replacement selection process underway
+ Calgary-Centre federal by-election result: Joan Crockatt retained the seat for the PC’s
+ Calgary City Council working on 2013 budget; target property tax increase of 5.7% not sitting well with many, debate heating up to push ‘increase’ downward
+ ConocoPhillips to sell its interest in JV Kashagan project., to generate $5 billion
+ Enbridge Inc. partnering with Canopy Prospecting to create Eddystone Roald Company to develop unit-train facility and related infrastructure near Philadelphia to handle 160,000 bpd of Bakken crude by 3rd qtr 2013
+ Eurozone finance ministers and IMF reached agreement on urgently needed $56/7 billion bailout for Greece
+ IEA economist says world needs ‘every drop’ of Alberta’s oil
+ National Bank of Canada letting 48 market makers go – shifting that activity to electronic system
+ Shell’s proposed Jackpine mine expansion; Alberta Court of Appeal decision dismissed leave to appeal from First Nations groups
+ Toronto Mayor Rob Ford removed from office over conflict of interest; Calgary Mayor Nenshi to pay up his lost Grey Cup wager … Rob Ford’s weight (a lot) in food to the Toronto Food Bank
+ TSX and other markets showing nervousness over U.S. fiscal cliff negotiations, Greek bailout . . .
NEWS REVIEW Nov. 21 - 26
+ Aker Solutions agreed to acquire Thrum Energy Inc.
+ Birch Lake Energy Inc. and Veraz Petroleum Ltd. agreed to combine
+ Brookfield Renewable Energy Partners subsidiary made a takeover bit for Western Wind Energy Corp.
+ Calgary Stampeders lost 100th Grey Cup to Toronto
+ Canadian Pacific Railway reported planning to downsize head office staff and relocate its head office, to build facilities on its own Ogden area railyard lands
+ Capital Power adopted a Shareholder Rights Plan
+ Enbridge Pipelines Inc. agreed with its shippers to construct $1.8 billion expansion of its mainline between Edmonton and Hardisty
+ Government of Alberta – Energy Minister Hughes introduced amendments to the Responsible Energy Development Act prior to passage – creating a single energy regulator
+ Granite Real Estate Inc. got court approval for conversion to REIT structure
+ ING Group repaid $1.45 billion bailout to the Dutch government
+ Ivanhoe Energy Ltd. agreed to sell its Pan-China Resources Ltd .subsidiary for US$45 million
+ PETRONAS Carigali Canada Ltd. extended its condition dates for the Progress Energy Resources Corp. takeover to December 30; transaction pending Government of Canada approval
+ Peyto Exploration & Development Corp. is on the market to raise $100 million in new equity
+ Pinecrest Energy Inc. agreed to combine with Spartan Oil Corp.; combined enterprise value $1 billion
+ Pure Industrial REIT agreed to acquire $169.2 million in seven industrial properties
+ Raymond Chabot Grant Thornton acquired ECGL
+ SandRidge Energy Inc. adopted a shareholder rights plan
+ TempleREIT agreed to acquire 50% interest in Holiday Inn South, Winnipeg for $5.5 million
+ Tervita Corp. agreed to sell its drilling fluids division to Canadian Energy Services & Technology Corp.
+ TransCanada Corporation agreed to acquire BP’s 40% interest in the Crossfield Gas Storage facility and related JV corporation and assets for $210 million
QUOTES
“Votes should be weighed, not counted.” – Friedrich von Schiller
“Voters quickly forget what a man says.” – Richard M. Nixon
INFRASTRUCTURE / P3 / GREEN
+ Tsuu T’ina Nation election for Chief focusing on ring-road access to Tsuu T’ina land . . . stay tuned
+ ATCO is proposing at $700 million upgrade aging high pressure natural gas lines in Calgary and Edmonton; costs will be built into the rate base and passed along to customers
+ City of Edmonton issued a proposal call for new office space to consolidate 350,000 sq. ft. of use in one building; 15 expressions of interest submitted. Based on current construction costs – this observer expects to see renewals will win out over new development
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.
- this website is maintained and updated weekly - last updated November 30, 2023
