Friday, February 01, 2013

Derailing the Pipeline

Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com   email: info@glennsimoninc.com


February 1st., 2013
Volume 13, Issue 10

Dear Friends and Partners,

Lots of news in the market these past few weeks. The arena deal finally approved, a proposed upgrade to host world Triathlon event, the $3B+ budget deficit and a newly discovered potential Australian oil play. What to make of it all?

One idea to get the province of Alberta on track is adding a sales tax. We have it pretty good here and are provincially well positioned to add a balancing income from spending. Just one way to do it.  As I've said before, no matter how diversified we are in Alberta, we still are driven by Oil and Gas. We need routes to get it out of the province and it doesn't look like it's going to be via the Northern Gateway; its much more likely to be on a CN rail track.  A train track should be a heck of a lot faster than developing a speculative oil-play in Australia too.

In fact, getting this oil out of Alberta will help the budget too not just with the obvious new market, but with an increase in jobs, industry and 360 degrees back to diversification of the province. Whether you're for or against the arena deal, you've got to admit that in 10 years from now we should have a pretty cool city centre; arena, new airport development and Hawrelak Park.

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Natural Gas Fuels New Growth in Industrial Heartland


By Dave Cooper, Edmonton Journal, January 25th 2013

EDMONTON - Years of doom and gloom appear to be over for the Industrial Heartland region northeast of Edmonton, Canada’s largest centre of oil, natural gas and petrochemical processing.
“In the past year we are seeing companies making investments; they see this area as where the future is going,” said Neil Shelly, executive director of Alberta’s Industrial Heartland Association. “The key opportunities in natural gas  are a long way from when we were called Upgrader Alley.”

Speaking at the association’s annual stakeholder event on Thursday, Shelly said it feels again like the busy days before oil prices collapsed and caused the cancellation or shelving of all the planned upgrader projects in 2008. 

“This is like the gas bubble we had 10 or 15 years back, which brought in a lot of petrochemical development. But now the companies are saying we are going to have these low gas prices for an extended period of time.”
GRAB THIS STORY

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Alberta Economy - Five Trends to Watch in 2013

Commentary: By Todd Hirsch, St. Albert Gazette, January 15th 2013

The start of the year is a good time to look forward and make predictions about what’s coming up. And as always, Alberta’s economy has some thrilling and chilling events in store. Here’s a Top Five list of trends to watch:
5. Improvements in the forestry sector. It’s been a miserable run of it for Alberta’s forestry producers over the last decade or so. If it wasn’t a high Canadian dollar, it was Mountain Pine Beetles, forest fires, trade disputes with the Americans, or sluggish prices.

But the industry started to turn around last year, and 2013 is poised to bring even better days. Spurred on by a gradually recovering U.S. housing market, lumber prices are finally seeing some lofty highs. And most of Alberta’s modern, efficient lumber and pulp mills are now well adjusted to the strong loonie.  FOLLOW THIS ARTICLE


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Alberta Economy to Ease in 2013

But 2.7% Growth Remains Near Top of Canadian Leaderboard

By Mario Toneguzzi, Calgary Herald, January 17th 2013
CALGARY — Alberta’s economy is expected to ease in 2013 but will remain near the top of the Canadian leaderboard, says BMO Economics as it released its Provincial Monitor report on Thursday.

BMO also said economic performance across the country continues to vary widely by region but the “gaping divide” between growth rates in Western Canada and the rest of Canada appears to be on a narrowing trajectory.

The report said Real GDP growth in Alberta of 2.7 per cent will be second in the country behind only Newfoundland & Labrador’s 4.5 per cent cent.

But Alberta’s growth is behind the 5.1 per cent it registered in 2011 and the estimated 3.4 per cent in 2012. READ MORE HERE

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I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.

"The big picture doesn't just come from distance;  it also comes from time."  -Simon Sinek

Warm Regards,

Todd and Danielle Millar



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