+ May 9; All Star Weekend (May 9-11), Celebrity Golf Tournament, Springbank Links info/register – support Big Brothers Big Sisters and Burris Foundation
+ June 12; IFMA Calgary’s 21st Annual Golf Classic, Lynx Ridge, Calgary – save the date
+ June 21; 10th Annual Local 496 Plumbers & Pipefitters Charity Golf Classic, in support of Fresh Start Recovery Centre; McKenzie Meadows – register/sponsorships
+ July 10; Coast Hotels 12th Annual Golf Classic, Westwood Plateau, Coquitlam, BC info/register
+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
+ Encana Natural Gas Inc. sold most of its U.S. assets to Stabilis Energy; price not disclosed
+ Glenmore Xstrata plc agreed to acquire Caracal Energy Inc.
+ Heartbleed computer virus scare continues; websites and data compromised worldwide as vulnerable sites are exposed to risk - Canada Revenue Agency among the victims with taxpayer data compromised
+ Shaw Communications laying off 440 people in a 3% workforce consolidation; 140 job losses in Calgary
PAST WEEK NEWS REVIEW Apr. 8 - 14
+ Altus Group Limited acquired Maltais Geomatics Inc.
+ Argent Energy Trust announced a reduction in its 2014 CapEx Budget to US$55 million
+ Baker Hughes closing its Medicine Hat operations, 200-300 job losses
+ Blackbird Energy Inc. and Pennant Energy Inc. got court approval for their business combination
+ Canada Capital Energy Corporation formed a partnership with Hony Capital Management Ltd. – $500 million JV fund will pursue assets in western Canada
+ Crew Energy Inc. closed its $105 million acquisition of Montney area natural gas properties
+ Crew Energy Inc. announced an increase in its 2014 CapEx Budget to $285 million
+ Eagle Spirit Energy & Aquilini Group have proposed an alternative to the Northern Gateway Pipeline – lots of complaints about the process but haven’t published details of what they want, but they did hold their press conference at a Holiday Inn Express ..
+ Enbridge’s Northern Gateway Pipeline Project resisted some more; a Kitimat plebiscite vote rejected the project … tic toc
+ Ernst & Young published its Capital Confidence Barometer report; shows global economy confidence is up 24% in 6 months
+ High Arctic Energy Services Inc. acquired 2 new drilling rigs (US$52 million) to support a new drilling contract (US$30 million) in Papua New Guinea for InterOil Corporation
+ Ken Hughes resigned from Alberta cabinet to seek PC leadership; first out of the gate, conspicuously silent Jim Prentice is expected by many to enter race – summer BBQ/politics season ahead. McIver, Mandel, Nenshi … everybody has a name they like but nobody seems to have a sense that anyone other than Prentice could unite the right … tic toc
+ Lafarge SA and Holcim Ltd., the world’s largest cement companies, agreed to merge; subject to anti-trust review in 15 countries – to be known as LafargeHolcim – deal to close in 2015
+ Newalta Corp. engaged advisors to sell its industrial division
+ Palliser Oil & Gas Corporation engaged advisors to conduct a strategic review
+ Pembina Pipeline Corporation are building a 45,000 sq. ft. office facility in Sherwood Park
+ Quebec citizens went to the polls in a provincial election; big winners – the Liberals, led by Philippe Couillard, now the Premier Elect, will have a majority government
+ Suncor Energy Inc. started an 8 week maintenance program at its Edmonton refinery
+ The Cash Store Financial Services Inc. got CCAA protection; debtor in possession financing approved by court
+ Zargon Oil & Gas Ltd. retained advisors to sell 13 non-core properties
“Security is mostly a superstition. It does not exist in nature, nor do the children of men as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure, or nothing.” – Helen Keller
“For an occurrence to become an adventure, it is necessary and sufficient for one to recount it.” – Jean-Paul Sartre
FINANCINGS - proposed & closed
+ BlackPearl Resources Inc. closed $8.22 million overallotment of its recent equity financing
