this site is refreshed with a new issue every Tuesday
updated April 23, 2019
TODAY'S HEADLINES
HEADLINES: Alberta elects Kenny/UCP | Calgary Flames out of playoffs | crude way up! | earth day yesterday | Eau Claire project delay + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings
CONVERSATIONS
FACILITYCalgary Publisher Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:
Watch for next week's conversation with Carol Kitchen, Pres. & CEO @ UFA (United Farmers of Alberta)
A recent conversation with Les Gombik, Managing Partner Calgary, Caldwell
A recent conversation with Laureen Regan, Pres. & CEO @ BOOM Group Inc.
+ Alberta $590.0 million SuperLab project at University of Alberta Campus has been ‘paused’; Jason Kenny, while campaigning, vowed to cancel the project … tic toc
+ BC Hydro announced $289.0 million (Federal gov’t contributing $83.6 million) in funding for a new power transmission line in the Peace region
+ SNC-Lavalin JV with Holtec International (Comprehensive Decommissioning International LLD), secured $1.0 billion U.S. nuclear decommissioning contract – three nuclear reactors in Buchanan, New York
SAVE THE DATE - CHARITY GOLF TOURNAMENTS
+ May 21; MOC Summit Golf Tournament for MBI Canadian Foundation, Fairmont Banff Springs GC, Banff; info/register
+ June 9; 4th Annual Max Robinson Children’s Foundation, Crystal Ridge GC, Okotoks; info/register
+ June 20; Ambrose University 2019 Golf Classic, Glen Eagles, Cochrane; info/register
+ June 20; 26th Annual IFMA Calgary Open, Blue Devil Golf Club, Calgary; info/register
+ June 24; Special Olympics Calgary – 20th Annual Golf Classic; save the date / details coming soon
+ Alberta election watch: Jason Kenny led UCP party won 63 seats, Rachel Notley’s NCP won 24; every other party zero seats. Premier and cabinet to be sworn in April 30; senior officials have been named: Jamie Huckabay, Chief of Staff; Howard Anglin, Principal Secretary; Katy Merryfield, Exec. Dir. Communications and Planning; Christine Myatt, Director of Communications and Press Secretary; David Knight Legg, Head of Transition
+ Calgary Flames eliminated from NHL playoffs by Colorado Avalanche in five games
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices well up on supply concerns, increased Chinese demand impacting world markets and U.S. plans to rescind exemption from sanctions for buyers of Iranian oil
+ Harvard Developments have again delayed going forward with its Eau Claire market site redevelopment pending Greeline LRT routing and station locations together with the soft market …
+ Pine Cliff Energy Ltd. agreed to acquire a portfolio of oil & gas assets for $8.6 million
+ Pine Cliff Energy Ltd. announced an increase of its 2019CapEx Budget to $11.1 million
+ Return Energy Inc. engaged advisors to assist in reviewing strategic alternatives
+ rig counts – U.S.: down 10 to 1,012 this week; Canada count steady at 66 this week; full breakdown
+ Trans Mountain Pipeline Expansion Project approval date pushed back to June 18th by Federal Government because of need for more indigenous stakeholder consultation time …
THIS WEEK IN FINANCINGS
- proposed & closed
+ Bank of Montreal closed $350.0 million preferred share financing
+ CargoJet Inc. closed $100.0 million sr. unsecured debt financing
+ Dream Industrial REIT is on the market to raise $144.0 million in equity
+ Enerkem Inc. closed $76.3 million equity financing
+ Equitable Group Inc. closed $150.0 million debt financing
+ Firm Capital Property Trust is on the market to raise $26.0 million in equity
+ GFL Environmental Inc. is on the market to raise US$600.0 million in sr. debt by private placement
+ Pine Cliff Energy Ltd. is on the market to raise $3.0 million in equity by private placements
+ Surge Energy Inc. is on the market to raise $30.0 million in convertible unsecured sub debt
+ Venzee Technologies Inc. is on the market to raise $2.0 million in equity
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*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …
INTERESTING REAL ESTATE NEWS FROM OTHER PLACES
+ Hyduke Energy Services Inc. completed the sale of its head office facility and lands in Nisku, AB
+ Notre Dame cathedral in Paris to be rebuilt, expected to take five to 15 years – substantial funds (US$1.0 billion so far) are being donated by French corporations and individuals toward the reconstruction
INTERESTING TRENDS IN RETAIL REAL ESTATE
+ Mountain Equipment Co-op (MEC) are using augmented reality (AR) to economize on space at its new 35,750 sq. ft. flagship store in Toronto; without using space you can do a 360-degree view of 130 different tent models … very cool
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