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FACILITYCalgary May 6/25

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 THIS WEEK'S INTERVIEW

Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Brian Plunkett , Chef & Pres. @ Blu Seafood 7 Market
 
Last week's conversation with Mike Tims , Vice-Chairman @ Matco Investments Ltd.
 

Archived conversations 



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 SHAREHOLDER MEETINGS

 

+ Apr. 29; Suncor Energy Inc., Annual Meeting, Edmonton
+ Apr. 30; Canadian Oil Sands Limited ,  Annual Meeting, Calgary
+ Apr. 30; Cenovus Energy Ltd., Annual Meeting, Calgary
+ Apr. 30; Mullen Group Ltd., Annual Meeting, Calgary
+ Apr. 30; The Empire Life Insurance Company, Annual and Special Meeting of Shareholders and Policyholders, Toronto
+ Apr. 30; Tuscany Energy Ltd. , Annual Meeting, Calgary
+ May 1; AltaGas Ltd. , Annual Meeting, Calgary
+ May 1; Bonavista Energy Corporation , Annual Meeting, Calgary
+ May 1; GMP Capital Inc., Annual Meeting of Common Shareholders, Toronto
+ May 1; Manulife Financial Corporation, Annual & Special Meeting, Toronto
+ May 1; MEG Energy Corp. , Annual Meeting, Calgary
+ May 1; Whitecap Resources Inc. , Annual Meting, Calgary
+ May 2; TransCanada Corporation , Annual Meeting, Calgary
+ May 2; Vermilion Energy Inc. , Annual Meeting, Calgary
+ May 5; First National Financial Corporation, Annual Meeting of Shareholders, Toronto
+ May 6; Brookfield Real Estate Services Inc., Annual General Meeting, Toronto
+ May 7; Emera Inc. , Annual Meeting of Shareholders, Liverpool, NS
+ May 7; Enbridge Inc., Special Meeting of Shareholders, Calgary
+ May 7; Husky Energy Inc. , Annual General Meeting, Calgary
+ May 7; Inovalis REIT , Annual Meeting of Unitholders, Toronto
+ May 7; Pason Systems Inc., Annual and Special Meeting of Shareholders, Calgary
+ May 8; SNC-Lavalin Group Inc., Annual Shareholders Meeting, Montreal
+ May 7; Summit Industrial Income REIT, Annual Unitholders Meeting, Toronto
+ May 7; Sun Life Financial Inc. , Annual Meeting, Toronto
+ May 8; Great West Life , Annual Meeting of Sharholders and Policy Holders, Winnipeg
+ May 8; Industrial Alliance and Financial Services Inc. , Quebec City
+ May 8; London Life , Annual Meeting, Winnipeg
+ May 8; SNC-Lavalin Group Inc., Annual Shareholders Meeting, Montreal
+ May 8; Telus Corp., Annual General Meeting
+ May 9; Lundin Petroleum AB, Annual General Meeting, Stokholm, Sweden
+ May 9; Middlefield Mutual Funds Limited, Special Meeting of Shareholders, Calgary
+ May 9; Pembina Pipeline Corporation, Annual and Special Meeting, Calgary
+ May 9; Trimac Transportation Inc., Annual General Meeting of Shareholders, Calgary
+ May 12; Karnalyte Resources Inc. , Annual General Meeting of Shareholders, Calgary
+ May 13; High Arctic Energy Services Inc., Annual General and Special Meeting, Calgary
+ May 13; Morneau Sheppell Inc., Annual and Special Meeting of Shareholders, Halifax
+ May 14; Crombie REIT , Annual General and Special Meeting of Unitholders, New Glasgow, NS
+ May 14; Freehold Royalties Ltd. , Annual Meeting of Shareholders
+ May 14; US Oil Sands Inc. , Annual and Special Meeting of Common Shareholders, Calgary
+ May 15; Caracal Energy Inc., Annual and Special Meeting, London, UK
+ May 15; Connacher Oil and Gas Limited, Annual General Meeting, Calgary
+ May 15; Genesis Land Development Corp., Annual General Meeting, Calgary
+ May 15; Surge Energy Inc., Annual General Meeting, Calgary
+ May 15; WPT Industrial REIT, Annual Unitholders Meeting, Toronto
+ May 21; Aurora Oil & Gas Limited, Shareholder Meeting to approve Baytex Energy Corp. takeover, Perth, Australia
+ May 22; First Capital Realty Inc. , Annual & Special Shareholders Meeting, Toronto
+ May 23; TMX Group Limited , Annual & Special Meeting of Shareholders, Toronto
+ May 27; GASFRAC Energy Services Inc., Annual Meeting, Calgary
+ May 29; LGX Oil + Gas Inc., Annual General Meeting, Calgary
+ June 10; Hawk Exploration Ltd., Annual General Meeting of Shareholders, Calgary
+ June 10; TransGlobe Energy Corporation, Annual and Special Meting of Shareholders, Calgary
+ June 18; Northern Frontier Corp., Annual General and Special Meeting of Shareholders, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ Apr. 29; Alberta Watershed Management Symposium, BMO Centre, Calgary; info/register
+ Apr. 30; Canada’s Energy Blueprint Forum & PSAC’s 2014 Canadian Drilling Activity Forecast Mid-Year Update, TELUS Convention Centre, Calgary – info/register
+ May 8; Edmonton Real Estate Forum, Shaw Convention Centre, Edmonton, register/info
+ May 9-11; All Star Weekend – support Big Brothers Big Sisters and Burris Foundation
+ May 13; 10th Annual Land & Development Conference, Metro Toronto Convention Centre; info/register
+ May 21; Breakfast of Champions in aid of Special Olympics Calgary; info/register
+ June 2-4; LNG Bunkering Summit North America, Marriot Renaissance, Vancouver, info/register
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ June 11; OPEC, 165th Ordinary Meeting, Vienna, Austria
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send event notices to:  kolke@facilitycalgary.com ]



SHAKERS AND MOVERS moving, moving up, retired, resigned, died or got the boot:

 

+ Athas Kouvaras to Regional Director @ Russell Investments Canada Limited
+ Brad Treliving to General Manager @ Calgary Flames
+ Chris Finlayson, CEO @ BG Group, resigned
+ Daniel Gilborn to Associate @ Caron & Patners LLP
+ Derek Beaulieu to Poet Laureate @ City of Calgary
+ Dr. Elizabeth Cannon, Pres. @ University of Calgary, reappointed for another 5 yr. term
+ Eugenio Ochoa, VP Exploration @ PetroNova Inc., retiring
+ Fang Zhi to CEO @ Nexen Energy ULC
+ Gerry McCaughey, CEO @ CIBC announced plans to retire
+ Jim Hotchkies to VP, Commercial/Water Division @ BluMetric Environmental Inc.
+ Joel Croteau to Pres. @ TAQA North America
+ Kevin Reinhart, CEO @ Nexen Energy ULC, got the boot
+ Mark Brown to Interim Pres. & CEO @ Big Sky Petroleum Corporation
+ Sam Nastat, Pres. & CEO @ Big Sky Petroleum Corporation, resigned
+ Winnie Wong to Interim CFO @ Big Sky Petroleum Corporation
 
[send us your appointment notices  kolke@facilitycalgary.com ]



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Brian McBeath, Director @ Century Energy Ltd., resigned
+ George Tai to Director @ Century Energy Ltd.
+ Kevin Lynch to Director @ CN
+ Laura Stein to Director @ CN
+ Robert Phillips to Director @ CN
+ Sam Nastat, Director @ Big Sky Petroleum Corporation, resigned
+ Susan MacKenzie to Director @ TransGlobe Energy Corporation



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 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary City Council approved 3 new bike lanes downtown; 8th Ave., 12th Ave., and 5th St.
+ Aecon and Dufferin Construction Company selected to build York Viva Bus Rapid Transit facility along Yonge Street in Richmond Hill and Newmarket, Ontario; project is $261 million
+ La Caisse de dépôt et placement du Québec today announced a CDN$42 million investment in the Parc des Moulins wind energy project operated by Invenergy Wind LLC
+ Alter NRG received IAIR Corporate award for Best Company for Leadership in Clean Technology.  AIR awards recognize excellence in global economy and sustainability
+ Alterra Power Corp. & Fiera Axium completed partnership deal for Jimmie Creek hydroelectric project. Alterra, 51%; Fiera Axium Infrastructure Canada II LP 49%. Jimmie Creek project is 62 MW clean power capacity, 100% sold to BC Hydro for 40 years beginning in August 2016
+ Affinity Partnerships, a JV to build Teck Acute Care Centre at the BC Children's and BC Women's Hospital + Health Centre; the P3 project going ahead. BC’s Provincial Health Services Authority signed a deal to construct and operate the 640,000 sq. ft. LEED Gold facility. Ledcor Developments will invest 30% or $6.6 million of the $21.8 million equity into the project, with Balfour Beatty investing the remaining equity



FINANCINGS - proposed & closed

 

+ A.I.S. Resources Limited closed $460,000 equity financing
+ AutoCanada Inc. secured $550 million
+ Canacol Energy Ltd. secured US$220 million debt facility
+ CNOOC Limited is on the market to raise US$3,963 billion in debt financings
+ Emperor Oil Ltd. is on the market to raise $2.1 million
+ Hemisphere Energy Corporation is on the market to raise $10 million in equity
+ Mooncor Oil & Gas Corp. is on the market to raise $1.5 million in flow-through financing
+ Northland Power Inc. closed $240 million equity financing
+ Petrolia Inc. closed $3 million equity financing
+ Timbercreek Mortgage Investment Corporation closed $34,945,625 equity financing
+ Westaim Corporation closed $150 million equity financing
+ Yangarra Resources Ltd. is on the market to raise $25 million in equity



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Harvard Developments Inc. & Greystone Managed Investments Inc. partnering to acquire 201 Portage Avenue in Winnipeg; 510,000 sq. ft. of A class space, Asper Tower is tallest building in Winnipeg
 
+ Starlight U.S. Multi-Family Core Fund agreed to acquire a 50% interest in Villages of Sunset Ridge, 257 unit, garden style, Class "A", apartment complex in suburban Houston



 QUOTES

 

“Comfort and prosperity have never enriched the world as much as adversity has.” – Billy Graham
 
“No one that encounters prosperity does not also encounter danger.” - Heraclitus



 KUDOS

 

+ Mac Van Wielingen given Distinguished Business Leader Award, 2014 by The Haskayne School of Business

 TODAY'S HEADLINES


Jim Prentice enters PC Leadership race |  | SINOPEC buys into Pacific NW LNG project | AIMCo replacing CEO | Brian Plunkett interview | recent appointments + new financings >>>>




NEWS TODAY 
  April 29 / 2014  


 

+ BG Group conducting an asset valuation review after abrupt resignation of its CEO
+ current energy prices: live link to Bloomberg.com commodities data ; Brent premium continues up on Ukraine worries, tempered with news Libyan port reopening, WTI steady
+ GFL Environmental Inc. agreed to acquire Contrans Group Inc. and its subsidiaries
+ Harvard Developments Inc. & Greystone Managed Investments Inc. partnering to acquire 201 Portage Avenue in Winnipeg; 510,000 sq. ft. of A class space, Asper Tower is tallest building in Winnipeg
+ Jim Prentice entered the PC party leadership race to become the next leader and Premier of Alberta; so far the only other declared candidate is MLA Ken Hughes; some have speculated that with Prentice in the race other candidates would withdraw but sources close to the PC caucus say MLA’s are concerned Prentice might be an Alison Redford with a necktie … so, political watching in Alberta will get interesting again for a while
+ National Bank Securities rebranded itself as National Bank Investments
+ Petcetera entering bankruptcy, closed 6 of 18 stores; 1 in Calgary
+ Petroamerica Oil Corp. agreed to acquired Suroco Energy Inc.
+ SINOPEC buys into Progress Energy & Pacific Northwest LNG; will take 15% of output for 20 yrs.
+ U.S. Federal Reserve expected to further reduce its monthly bond purchase next month by a further US$10 billion a month to US$45 billion
+ U.S. government issued more sanction orders on Russia and affiliates of Vladimir Putin as the Ukraine stand-off continues to unsettle European markets; Canada followed with sanctions on two small Russian banks and nine individuals



 PAST WEEK NEWS REVIEW 
  Apr. 22 - 28


 

+ Aecon and Dufferin Construction Company selected to build York Viva Bus Rapid Transit facility along Yonge Street in Richmond Hill and Newmarket, Ontario; project is $261 million
+ Affinity Partnerships, a JV to build Teck Acute Care Centre at the BC Children's and BC Women's Hospital & Health Centre; the P3 project going ahead. BC’s Provincial Health Services Authority signed a deal to construct and operate the 640,000 sq. ft. LEED Gold facility. Ledcor Developments will invest 30% or $6.6 million of the $21.8 million equity into the project, with Balfour Beatty investing the remaining equity
+ AIMCo (Alberta Investment Management Corp.) is on the hunt for a new CEO to replace Leo de Bever who will stay on until a successor is recruited
+ Alter NRG received IAIR Corporate award for Best Company for Leadership in Clean Technology.  AIR awards recognize excellence in global economy and sustainability
+ Alterra Power Corp. & Fiera Axium completed partnership deal for Jimmie Creek hydroelectric project. Alterra, 51%; Fiera Axium Infrastructure Canada II LP 49%. Jimmie Creek project is 62 MW clean power capacity, 100% sold to BC Hydro for 40 years beginning in August 2016
+ Antrim Energy Inc. closed the sale of its UK subsidiary
+ ATB Financial – THE OWL … Daily Economic Comment
+ BC Land Sales drew $10.38 million, most of it on Montney parcels
+ BG Group signed a Memorandum of Understanding with CNOOC with respect to its planed Prince Rupert LNG plant JV with Spectra Energy Corp.
+ BP plc agreed to sell 4 north-slope Alaska assets to Hilcorp Energy; price not disclosed
+ Century Energy Ltd. agreed to sell SE Saskatchewan assets for $475,000
+ CIBC negotiating to acquired U.S. money manager Russell Investments; US$3 billion deal
+ Crescent Point Energy Corp. agree to acquire CanEra Energy Corp., for $1.1 billion
+ Enbridge Inc. got federal government approval for its planned new 570,000 bpd pipeline from Edmonton to Hardisty; $844 million budget
+ Exxon Mobil Corporation announced its Baton Rouge refinery is back on line after two-month planned maintenance shutdown
+ Ferus Natural Gas Fuels Inc. closed its acquisition of 50% interest in Elmworth field from Encana Corporation
+ Gear Energy Ltd. acquired $85 million in producing heavy oil assets (2,000 bpd)
+ General Electric in pursuit of US$13 billion takeover of Alstom’s energy business; Siemens also in that hunt . . .
+ Hess Corp. agreed to sell its Thailand assets to PTT Exploration and Production Pcl for US$ 1 billion
+ La Caisse de dépôt et placement du Québec today announced a CDN$42 million investment in the Parc des Moulins wind energy project operated by Invenergy Wind LLC
+ Magnum Hunter Resources Corporation agreed to sell 100% of its Canadian subsidiary for $75 million
+ NexGen Energy Ltd. adopted a shareholder rights plan
+ OfficeMax Grand & Toy closing 19 retail stores in favour of e-commerce and direct sales

+ PetroChina announced it will increase its 2014 CapEx Budget for shale gas to US$1.6 billion

+ Precision Drilling Corporation announced an increase in its 2014 CapEx Budget to $833 million

+ Redhill Resources Corp. sold leases to High North Resources Ltd. for $2.16 million

+ Revera Inc. closed its investment to acquire 76% of Sunrise Senior Living Management Company; Heath Care REIT taking the remainder

+ Santonia Energy Inc. got shareholder and court approval for its deal to be acquired by Tourmaline Oil Corp.

+ Stantec Inc. agreed to acquire JBR Environmental Consultants of Salt Lake City; 140 employees in 12 locations added – price not disclosed

+ Starlight U.S. Multi-Family Core Fund agreed to acquire a 50% interest in Villages of Sunset Ridge, 257 unit, garden style, Class "A", apartment complex in suburban Houston

+ Suncor Energy Inc. began a 4-week planned maintenance shutdown at its Montreal refinery

+ Tourmaline Oil Corp. announced an increase in its 2014 CapEx Budget to $1.1 billion

+ Willams Partners LP planning US$300 million natural gas pipeline expansion to supply natural gas to the Sabine LNG export facility under construction in Louisiana

+ 3 Eau Claire Developments Inc. filed for bankruptcy protection; its 2-tower development in Eau Claire to house Shaw Communications in doubt under $38 million in debt claims

 


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