Quote:
Originally Posted by CCF
There is no way they move their head Office here. It's been said in the past that they may set up some sort of office but they'll never move their head office here. Calgary is the centre for OIl and Gas, no way a big player like Shell ever moves.
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Why are you so sure that a major oil company does not want to move their head office here. It would make a lot of sense for them to move to regina. Those companies are just doing what superstore did. Superstore moved to where they expected the city was going to have a major population increase. Shell is probably doing the same but instead for population, they are expecting oil.
''(March 31, 2007) Shell Canada has been in the news recently as their parent company, Royal Dutch Shell Plc, has attempted to buy controlling interest in the Canadian division. Royal Dutch and its affiliates now own 740,294,180 common shares of Shell Canada or approximately 89.6% of the outstanding common shares of Shell Canada.
What's more interesting is a rumour that hit the streets of Calgary this past Friday: Royal Dutch Shell intends to move Shell Canada's head office out of Calgary once the share buyout is complete, possibly to Saskatchewan (Saskatoon?).
Considering that Shell Canada currently occupies 2 or 3 dozen floors of "A class" space in downtown Calgary, and that similar space is now leasing for north of $40 per square foot, this "rumour" might have some legs to it. This could well be the first high-profile company looking to move elsewhere as the price of Calgary commercial property rivals that of Calgary luxury real estate.''
And I doubt Shell would move to saskatoon because we are the only ones who have rumoured that we are getting a new tallest.