FACILITYCalgary

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

FACILITYCalgary June28/22

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CONVERSATIONS

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 Terri Snow , Account Manager Public Sector @ Gartner and also President at Calgary Council for Advanced Technology
 
Last week's conversation with Sean Flathers , Leasing and Development at Telsec Property Corporation
 

Archived conversations 



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 SHAREHOLDER MEETINGS

 

+ Aug. 6; Cannacord Genuity Group Inc., Annual General Meeting, Toronto
+ Sept. 17; Deep Well Oil & Gas Inc. , Shareholder Meeting, Edmonton
+ Sept. 24; Bengal Energy Inc. , Annual Meeting, Calgary
+ Sept. 30; Shoreline Energy Corp. , Annual Meeting, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ Sept. 9; RealREIT Conference , Metro Toronto Convention Centre, Toronto
+ Oct. 14 – 16; Oilsands Symposium, Metropolitan Centre, Calgary info/register
+ Oct. 15; Buildex Express, Vancouver Convention Centre; info/register
+ Oct. 23; Calgary Real Estate Forum , TELUS Convention Centre, Calgary
+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



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

 

+ Bob Guy, VP Production & Operations @ Spyglass Resources Corp., resigned
+ Brad Likuski to VP Production @ Spyglass Resources Corp.
+ Calvin Yau to VP Finance & CFO @ Dixie Energy Ltd. and Dixie Energy Holdings (Canada) Ltd.
+ Dave McKay to Pres. & CEO @ Royal Bank of Canada
+ Gerry McCaughey, Pres. & CEO @ CIBC, retiring
+ Glen Ross to VP of Land @ Tundra Oil & Gas Partnership
+ Gordon Nixon, Pres. & CEO @ Royal Bank of Canada, retired
+ Iain Conn to CEO @ Centrica Plc
+ Jeff Davis to General Counsel @ Ontario Teachers’ Pension Plan
+ Kevin Dumba, CFO @ Dixie Energy, resigned
+ Kristie Plaquin to Interim CFO @ K-Bro Linen Inc.
+ Mark Sylvia to Pres. & CEO @ The Empire Life Insurance Company
+ Michelle Hollins to Pres. @ Canadian Bar Association
+ Melissa Kennedy to Exec. VP & General Counsel @ Sun Life Financial
+ Phil Knoll, Pres. & CEO @ Corridor Resources Inc., stepping down
+ Russell Trace to VP Production @ Border Petroleum Limited
+ Spencer Dale to Chief Economist at BP
+ Stuart Pollon to VP Finance & CFO @ Capital Automotive Group
+ Victor Dodig to Pres. & CEO @ CIBC
 
 [send us your appointment notices  kolke@facilitycalgary.com ]



BOARDROOM changes, purges, appointments etc.

 

+ Dave McKay to Director @ Royal Bank of Canada
+ Gordon Nixon, Director @ Royal Bank of Canada, retired
+ Kish Kapoor to Director @ Richardson Financial Group Limited



INTERESTING REAL ESTATE NEWS, other places


 

+ Ivanhoé Cambridge formed partnership with Veritas Investments Inc. to acquire multi-res properties in San Francisco
 
+ Klépierre of France agreed to acquire its Dutch rival Corio to create largest owner of retail shopping centers in Europe; combined company would own 182 shopping centers worth about €21 billion in 16 countries in Europe. All-stock deal would value Corio (a REIT) at 7.2 billion euros (US$9.7 billion)
 
+ Slate Retail REIT agreed to acquire Waterbury Plaza (141,443 sq. ft. grocery-anchored shopping center) in Waterbury, Connecticut for US$27.3 million
 
+ Pure Industrial REIT closed $6.2 million sale of two industrial buildings in Vaughan, Ontario
 
+ True North Commercial REIT closed $10.5 million acquisition of two buildings; industrial building in Hamilton, Ontario apartment building in Shediac, New Brunswick
 
+ Temple Hotels Inc. acquired two Ontario hotels; Hilton Garden Inn Toronto Airport West for $25.07 million, TowePlace Suites in Sudbury for $18 million



 QUOTES

 

“You don’t have to be a genius or a visionary or even a college graduated to be successful. You just need a framework and a dream.” – Michael Dell
 
“Everything is changing. People are taking their comedians seriously and the politicians as a joke.” – Will Rogers



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FINANCINGS - proposed & closed

 

+ BNK Petroleum Inc. secured a US$100 million credit facility
+ Dixie Energy Trust secured US$13.5 million in debt financing
+ Hawk Exploration Ltd. secured $13.5 million in debt financing
+ Jadela Oil Corp. is on the market to raise $200,000 in equity
+ Manulife U.S. Regional Bank Trust closed $5.3 million overallotment of its recent equity financing
+ Mohawk Medical Growth Partners closed $2.59 million
+ PanTerra Resource Corp. closed $130 million equity financing
+ Pure Mutil-Family REIT closed US$30.2 million equity financing
+ Sunshine Oilsands Ltd. is on the market to raise US$200 million on sr. secured debt
+ Terrace Energy Corp. closed $3,002,550 million overallotment of its recent equity financing
+ Waldron Energy Corporation closed $1.8 million equity financing



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 TODAY'S HEADLINES


Chevron Kitimat LNG project in jeopardy | Oando closes Nigerian acquisition | deals closing | PennWest restating financials | Centron starts Place 10 | P3 Schools |conversation with Terri Snow + new financings >>>>




NEWS SUMMARY 
  July 29 - Aug. 5  


 

+ ARC Resources Ltd. increased its 2014 CapEx Budget to $975 million
+ ATB Financial – THE OWL … Daily Economic Comment
+ Bank of America ordered to pay US$1.3 billion in fines over defective mortgage swindle
+ Bank of Canada published its schedule for release of its Monetary Policy Reports through the end of 2015
+ Baytex Energy Corp. agreed to sell its North Dakota assets to SM Energy Company for US$330.5 million
+ Border Petroleum Limited agreed to acquire North Central Alberta assets for $2.8 million
+ Cascadia Resources Inc; changed its name to Kaymus Resources Inc.
+ Canada Energy Partners Inc. closed a $15.72 million Montney rights sale
+ Cardinal Energy Ltd. agreed to acquire Wainwright area production for $165 million
+ C.D. Howe Institute issued paper on Canada’s slow-growth recovery
+ Cenovus Energy considering a royalty spin-off similar to Encan’s spinout of PrairieSky Royalty Ltd.
+ Centron Group started construction on its Place 10 project; 316,500 sq. ft. building at corner of 4St. & 10th Ave SW – 25,000 sq. ft. floor plates. Occupancy for early 2017
+ Chevron Corp. is looking for a new partner (or may kill the project) for its Kitimat LNG project after Apache Corporation announced it will complete exit the proposed project and sell its interest
+ current energy prices: live link to Bloomberg.com commodities data ; oil prices softened on oversupply and weak demand
+ Detector Exploration Ltd. closed its $2.1 million acquisition of West Pembina gas properties
+ Dixie Energy Trust closed US$8 million in Black Warrior Basin asset acquisitions
+ Euro-zone banks and governments wary –  Portuguese bank (Banco Espirito Santo)  rescue sending mild-tremors through European markets
+ Geokinetics Inc. agreed to acquire CGG’s North American Land seismic contract acquisition business
+ Gibson Energy Inc. and U.S. Development Group LLC are planning second phase of their east-central Alberta termainl
+ Gwyn Morgan speaks out on social license …
+ Harmony Beef’s Balzac meat packing planet gearing for fall re-opening
+ Hawk Exploration Ltd. agreed to acquire a portfolio of Alberta and Saskatchewan oil & natural gas assets from TriHawk Energy Ltd. for $1.2 million
+ Hess Corp. is establishing a master limited partnership to fund storage facilities and plants to serve North Dakota oil & natural gas assets
+ Madalena Energy Inc. announced its 2014 CapEx Budget is $36 million
+ Maha Energy Inc. and Palliser Oil & Gas Corporation agreed to amalgamate; will operate as Maha Energy Inc.
+ Major Drilling closed its acquisition of Taurus Drilling
+ Oando Energy Resources Inc. closed its US$1.5 billion acquisition of Nigerian assets from ConocoPhilips
+ Osum Oil Sands Corp. agreed to acquire Orion Oil Sands Project from Shell Canada for $325 million
+ Painted Pony Petroleum Ltd. closed its $100 million sale of SE Saskatchewan assets
+ PanTerra Resource Corp. closed its $120 million acquisition of natural gas assets
+ Penn West Petroleum Ltd. announced it will re-state 2012 & 2013 financial statements after internal review of accounting practices; meanwhile activist investors engaged counsel to launch class-action lawsuit
+ Powder Mountain Energy Ltd. closed its sale of non-core Wyoming properties for $1.99 million
+ PSAC increased their estimate for 2014 drilling activity; now forecasting 11,460 Canadian wells
+ Shoreline Energy Corp. agreed to sell Peace River Arch assets for $20.8 million
+ Surge Energy Inc. closed its $429 million acquisition of Longview Oil Corp.
+ Warburg Pincus investing US$600 million in Zenith Energy to construct oil & natural gas terminals
+ Western Energy Services Corp. increased its 2014 CapEx Budget to $170 million



 INFRASTRUCTURE / P3 / GREEN


 

+ Government of Alberta announced 12 new schools/P3’s schools built by the ABC Schools Partnership are now complete and will open this September
 
+ Government of Saskatchewan is planning to build 18 new schools using a P3 Structure



 CHARITY GOLF TOURNAMENTS 


 

+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
+ Aug 28; 16th Annual Building Hope Charity Golf Tournament, Springbank Links, Calgary; info/register
+ Sept. 18-19; 25th Annual Peter Gzowski Invitational Golf Tournament for Literacy [gala on the 18th, golf day on the 19th), The Hamptons Golf Club, info/register
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]



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