Saturday, July 03, 2010

Happy Canada Day!

Today is Canada's 143rd Birthday and Danielle and I have got a great selection of meats marinating. We are all set to fire up the BBQ this afternoon to celebrate our wonderful country. Ronan has his wee pool filled and will take an icy dip to Canadianize himself.

I spent the last few days up in Fort McMurray visiting suppliers to the Suncor, CNRL and satellite oilsands projects. Many projects are gearing up for a busy Q3 and Q4 that will pick up speed in 2011. Drilling of new wells starts when the muskeg freezes up, so summer is a bit slower as projects are in the prep stage. There are 40 new wells going in South of Ft. Mac, too. 
And how about Edmonton? We're busy here with lots of development and opportunity, especially as interest rates remain low.

Moving forward I see the sweet spot (or should I say sweeter spot?) to be in niche multi-family properties. We've gradually been moving our focus towards these properties and our partners have been sharing the large cashflow rewards.

Give me a call and I'll fill you in on what we've got coming up. But for now this hot summer day beckons, have a good one eh

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