FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June11/19

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in conversation with:
Mark Kolke's Interviews with interesting Calgary shakers and movers about what drives them and what they see . . .  
 
This week, my conversation with Duncan Robertson, Managing Partner at SBM Inc.
 
 
Last week's converation with Ken Chapman, Ex. Dir. , Oilsands Deveopers Group
 
 
Coming soon . . . 
 
- the interview I wanted to do with the late Harold Milavsky
 
- Graham Duncan of Musket Canada Inc. 
 

SHAKERS AND MOVERS

 

+ Andre Goffart to Pres. & CEO @ Total E & P Canada
+ Andy Mackintosh, Exec. VP Hydrocarbons & Chemicals @ SNC-Lavalin Inc., left the company
+ Clay Williams to Pres. & COO @ National Oilwells Varco
+ Darren Myers to Exec. VP & CFO @ Celestica Inc.
+ David Roberts, Exec. VP & COO @ Marathon Oil Corporation, resigned
+ Fabrizio Carinelli to Pres. @ CANA Construction
+ Jeremy Black to Sr. VP & CFO @ Whistler Blackcomb Holdings Inc.
+ Harold Milavsky (a.k.a. Mr. Calgary), retired business executive and commercial real estate visionary/genius, died
+ Lee Cutforth to Property Rights Advocate @ Government of Alberta
+ Neil Burrows to VP Finance & CFO @ Alston Energy Inc., replacing Pat Taguchi who has left the company
+ Nelson Karp to Assessment Director @ City of Calgary
+ Penny Wethner to Dean, Faculty of Kinesiology @ University of Calgary
+ Ric Sorbo to Acting Head of Hydrocarbons & Chemicals unit @ SNC-Lavalin Inc.
+ Sherry Cooper, Chief Economist @ BMO retiring Jan, 30,  2013
+ Stew Henderson to Sr. Tax Associate @ MNP LLP
+ Troy Tews to COO @ Bonnett’s Energy Corp.
+ Willaim Hatanaka to CEO @ OPSEU Pension Trust
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

FINANCINGS - proposed & closed

 

+ Birch Lake Energy Inc. closed $526,000 tranche of new equity
+ BTB REIT is on the market to raise $20 million in new equity
+ Cequence Energy Lt.d closed $16 million flow through share issue
+ Cominar REIT closed $200 million sr. unsecured debt issue
+ Cygam Energy Inc. is on the market to raise $7.5 million
+ Edge Resources Inc. closed $4,957,000 new equity issue
+ Enbridge Inc. closed $400 million preferred share issue
+ Hemisphere Energy Corp. is on the market to raise $1,6250,000
+ Killam Properties closed $30 million in new equity issue
+ Manulife Financial Services closed $200 million preferred share issue
+ MEG Energy Corp. closed $800 million equity issue
+ MEG Energy Corp. is on the market to raise $400 million in equity
+ MGM Energy Corp. closed $11,840,000 rights offering
+ Niko Resources Ltd. closed $252 million equity and sr. unsecured debt financing
+ North American REIT Income Fund closed $42.8 million over allotment of its recent equity issue
+ Northern Spirit Resources Inc closed $950 million common share & warrants issue
+ Palliser Oil & Gas Corporation is on the market to raise $2 million in flow-through share issue
+ Paramount Resources Ltd. closed $300 million sr. unsecured debt issue
+ TELUS Corporation is on the market to raise $500 million in sr. unsecured debt
+ Traverse Energy Ltd. is on the market to raise $1,820,000 in flow-through issue
+ Tricon Capital Group Inc. closed $63,255,750 equity financing

 INFRASTRUCTURE / P3 / GREEN


 

+ 7th Avenue LRT corridor $183.3 million refurbishment completed
 
+ West LRT line opened Dec. 10th
 
+ Infrastructure Ontario issued an RFQ for its St. Michael’s Hospital redevelopment; to design, build and finance a new 150,000 sq. ft. / 17 storey patient care tower in Toronto
 
+ Alberta Utilities Commission approved the Western Alberta Transmission Line; 500-kilovolt, direct-current transmission line, capital cost estimated by AltaLink at $1.5 billion
 
+ SNC-Lavalin led consortium selected to build Ottawa’s $2.1 billion Confederation Line, light rail transit
 
+ DOHA round environmental conference ended without Canada achieving its objectives of achieving consensus on emissions among countries

FEEDBACK / COMMENTS
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Or, send an e-mail to:  feedback@facilitycalgary.com

FRESH TODAY 
 December 11 / 2012 

 

+ Artis REIT closed on $44.9 million in acquisitions across Canada & agreed to acquired $47.3 million in western Canadian properties
+ Bankers Petroleum Ltd. announced its 2013 CapEx Budget of US$247 million
+ Cavendish Farms agreed to acquire Mape Leaf Potatoes including facilities in Lethbridge
+ current energy prices: live link to Bloomberg.com commodities data ; U.S. oil futures drop for 5th day in a row over U.S. and global economic worries
+ European markets shaky following resignation of Italian Prime Minister Mario Monti amid fears of Spanish economy faltering further
+ Governor of the Bank of Canada Mark Carney will speak to day of Central Bank Policy Guidance
+ HSBC deal with regulators over money laundering offences; $1.9 billion settlement while Standard Chartered must pay $327 million in penalties for violating Iran sanctions
+ Inter Pipeline Fund entered into a 5 yr. deal to transport diluetnt for Suncor Energy Inc.
+ KingSett Capital led consortium made an unsolicited $.4 billion takeover bid for Primaris Retail REIT
+ MEG Energy announced its 2013 CapEx Budget of $1.9 billion
+ OPEC holding steady on price and volume levels; projects output of 30 million barrels/day in 2013
+ Spartan Oil Corp., in process of combination with Pinecrest Energy Inc., is now subject to an unsolicited takeover bid

 NEWS REVIEW 
 Dec. 5 - 10 

 

+ Argent Energy Trust agreed to acquire US$120 million of producing assets in Texas
+ ATM Corporate Financial Services – Daily Economic Comment
+ Bank of Canada interest rate announcement – maintained overnight rate at 1%
+ Bird Construction Inc. agreed to acquire Nason Contracting Group Ltd.
+ BP plc announced its 2013 CapEx Budget of US$ 24 billion
+ Calfrac Well Services Ltd. announced its 2013 CapEx Budget of $117 million
+ Canadian Pacific Railway Ltd. announced plans to reduce staff by 4,500 jobs by 2016 in a cost cutting move
+ Canadian Natural Resources Limited announced its 2013 CapEx Budget of $6.9 billion
+ Capital Power agreed to acquire a 50% interest in the 800MW natural gas fired Shepard Energy Centre from ENMAX Corporation for $860 million
+ Cathedral Energy Services Ltd. announced its 2013 CapEx Budget of $22 million
+ Chevron Corporation announced its 2013 CapEx Budget of $36.7 billion
+ CNOOC Limited $15.1 takeover of Nexen Inc. got approval from Industry Canada, details of the approval deal negotiation not released by the government; approvals by U.S. regulators still remain as potential roadblocks to the deal
+ ConocoPhillips announced its 2013 CapEx Budget of $15.8 billion
+ Crescent Point Energy Corp. announced its 2013 CapEx Budget of $1.35 billion
+ Enbridge Income Funce Holdings Inc. and Enbridge Income Fund closed its $1.164 billion acquisition of crude storage and renewable power generation assets from Enbridge Inc.
+ Enbridge Inc. announced it has received sufficient shipper support to go forward with its $6.2 billion light oil program through expansion of several lines described as its Light Oil Market Access Program
+ Freeport McMoRan Copper & Gold Inc. entered an agreement to acquire Plains Exploration & Production Co. in $20 billion deal
+ Husky Energy Inc. announced its 2013 CapEx Budget of $4.8 billion
+ Ivanhoé Cambridge formed a JV with Callahan Capital Partners to expands its U.S. office properties portfolio
+ Lanesborough REIT closed the sale of Riverside Terrace in Saskatoon for $44 million
+ Lakeview Hotel REIT got unitholder approval for conversion to a corporate structure; will be Lakeview Hotel Investment Corp.
+ Loblaw Cos. Inc. announced they will spin off 35 million sq. ft. of stores into a REIT valued over $7 billion
+ Marathon Oil Corp. announced its 2013 CapEx Budget of $5.2 billion
+ Novus Energy Inc. engaged advisors to explore alternatives to optimize shareholder value
+ Petrobank Energy and Resources Ltd. announced its 2013 CapEx Budget of $23 million
+ PetroFrontier Corp. initiated a strategic review process that may involve recapitalization or sale
+ PETRONAS takeover of Progress Energy Resources Corp. got approval from Industry Canada, details of the approval deal negotiation not released by the government
+ Rona Inc. announced it will sell non-core assets to improve profitability
+ Target Canada agreed to acquire lands near Balzac in Rocky View Country; will build 1.3 million sq. ft. distribution centre
+ TD Bank Group agreed to acquire Epoch Investment Partners Inc. for US$ 668 million
+ Terra Energy Corp. agreed to sell its Montney assets for $78 million
+ Trican Well Service Ltd. announced its 2013 CapEx Budget of $32.3 million
+ Unified Valve ltd. agreed to acquire Western Guage and Instruments Ltd.
+ XL Foods Inc. has been re-listed by U.S. regulators, allowing beef exports to the U.S. 

 QUOTES

“It’s better to take over and build an existing business than to start a new one.” – Harold Geneen

“We hope that, when insects take over the world, they will remember with gratitude how we took them along on all our picnics.” – Bill Vaughn

FACILITYCalgary
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 SAVE THE DATE / upcoming events

 

+ Dec. 10-12; 2012 CAPP Investment Symposium, Toronto
+ Dec. 12; OPEC, 162nd Ordinary OPEC Meeting, Vienna info/register
+ Dec. 13; Gallic Energy Ltd., Shareholders and Securityholders, Calgary
+ Dec, 21; Torquay Oil Corp., Special Meeting of Shareholders, Calgary
+ Dec. 28; Alter NRG Corp., Special Meeting of Shareholders, Calgary
+ Jan. 29 & 30; 9th Annual Shale Oil & Gas Symposium, Hyatt Regency, Calgary info/register
+ Jan. 29-30; CI Energy Group’s Western Aboriginal Consultation & Negotiation Conference, Crown Plaza Chateau Lacombe, Edmonton info/register
+ Feb. 13 & 14; BUILDEX, Vancouver Convention Centre, info/register
+ Feb. 26-17; 2nd Annual Shutdowns Fort McMurray conference, Fort McMurray info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE

[send us your event notices to:  kolke@facilitycalgary.com ]

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FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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