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
May 1st., 2013
Volume 14, Issue 6
Dear Friends and Partners,
As we dip into Q2 its like a touch of spring optimism with the occasional chill of winter caution. You can see some interesting developments in Northern BC and Western Alberta in regards to Suncore's sale of their conventional gas play to two U.K. based companies. I see this as a very positive sign for Suncore to redeploy this capital (along with the cancelled Voyageur upgrader) to the proposed Kitimat LNG port.
I also think that Centrica and Qatar will be keen to develop (and export) their newly acquired fields. Gas has taken a beating the past few years peaking at $14 BTU and wallowing at $2 BTU but is trading near $4.20 at the time of writing. Although most drillers want to see north of $6 to drill more, we're heading in the right direction.
Many of the economic drivers we research are lined up. Where the market seems to waiver is in confidence of which direction the global market will turn. Overall - we're sailing with a strong wind behind us.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable River Valley.
Purchase price: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% or 12% per year
These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
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Centrica, Qatar Buy Suncor's Gas Fields for $1 Billion
By Brian Swint and Nidaa Bakhsh, Bloomberg, April 15th 2013
Centrica Plc (CNA) and state-run Qatar Petroleum agreed to buy natural gas fields from Canada’s Suncor Energy Inc. (SU) for C$1 billion ($981 million) as the largest U.K. household-energy company seeks added supplies for North American customers.
The assets, mostly in southern and central Alberta, will be operated by Centrica and produce about 250 million cubic feet of gas a day this year, the company said in a statement today. Centrica will own 60 percent and Qatar Petroleum International 40 percent. The deal is Qatar Petroleum’s first investment in an overseas gas field and the first by the two companies under a cooperation accord signed in December 2011.
“The acquisition provides attractive returns in a region we know well, and significantly increases the size and quality of our portfolio,” Sam Laidlaw, chief executive officer of Windsor-based Centrica, said in the statement. With the prospect to develop another 1 million acres, it has “the potential to improve returns further.” FOLLOW THIS ARTICLE
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Will Eastern Oil Pipelines Lead to Lower Prices at the Pump for Canadians?
By Lauren Krugel, Globe and Mail, April 19th 2013
The Conservatives in Ottawa are staunch supporters, the New Democrats have called it a “win-win-win” and the premiers of Alberta and New Brunswick have loudly touted the benefits of an oil pipeline from west to east.
But the degree to which Eastern consumers will benefit at the pump is unclear, as it’s up to the pipeline’s customers – oil producers at one end and refineries at the other – to determine which barrels go where.
“One thing that I’ve learned over the years is the market will do what the market will do and it’s difficult to predict beforehand,” said Geoff Hill, oil and gas sector leader at Deloitte Canada.
The crude could flow to Eastern refineries clamoring for cheaper domestic supplies. Or, offshore buyers may drink it up. Most likely, it will be a combination of both. READ MORE HERE
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Energy Firms Want More Oil and Natural Gas Processing in Alberta
More oil and natural gas processing in Alberta could bring in an extra $600 million
By Beacon Reporter, Beacon News, April 17th 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
A new report says Alberta could take in an extra $600 million in annual revenue if there was more oil and natural gas processing in Alberta.
The report says processing locally instead of shipping raw to other jurisdictions could increase the province’s gross domestic product (GDP) by $6 billion a year, creating 18,000 new jobs that pay $1.8 billion a year in salaries.
The paper by a University of Calgary economist was commissioned by municipalities and energy companies in the Edmonton region known as Alberta’s Industrial Heartland Association. GRAB THIS STORY
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Your success continues EVERYDAY, let me help you build for tomorrow.
"It's never crowded along the extra mile." -Wayne Dyer
Warm Regards,
Todd and Danielle Millar
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