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FACILITYCalgary May 30/23

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 PAST WEEK NEWS REVIEW 
 Dec. 3 - 9 

 

+ AIMCo. sold its 15% interest in Precision Drilling Corp.
+ ATB Financial – Daily Economic Comment
+ Bank of Canada maintained its overnight rate target at 1.0%
+ Calfrac Well Services Ltd. announced its 2014 CapEx Budget is $120 million
+ CanElson Drilling Inc. closed its acquisition of Highkelly Drilling Ltd. for $41.5 million
+ ConocoPhillips announced its 2014 CapEx Budget is US$16.7 billion
+ Crescent Point Energy Corp. announced its 2014 CapEx Budget is $ 1.75 billion
+ Enerplus Corporation announced its 2014 CapEx Budget is $760 million
+ European Union fined a group of financial institutions $2.3 billion over LIBOR rate conspiracy scandal
+ First Capital Realty closed its acquisition of False Creek Village (former Olympic athlete’s village) in Vancouver, $46.1 million
+ HSBC looking to spin-off its British unit
+ Jackpine Mine Expansion Project - (Shell (60%), Chevron (20%), Marathon (20%) … got approval by the Federal Government
+ Marcus and Millichap Real Estate Services opened a Calgary office
+ McCoy Corporation opened a sales and service operation in Singapore
+ MEG Energy Corp. announced its 2014 CapEx Budget is $1.8 billion
+ North West Redwater Partnership revised its capital cost estimates for its project from $5.7 billion to $8.5 billion; launch date pushed from mid-2016 to Sept. 2017; Government of Alberta providing $300 million loan toward costs
+ OPEC happy with oil prices; Saudi oil minister says $110/bbl is ‘right price’ as OPEC elected to hold production at 30 million barrels/day for first half of 2014
+ PanTerra Resource Corp. completed a 9.6 km pipeline at Tomahawk
+ Rosneft and Statoil agreed to form JV to explore viability of shale oil exploration in Russia’s Samara region
+ ShawCor Ltd. agreed to sell its Brazilian JV interest for US$ 30 million
+ Suncor Energy Inc. announced plans to boost its Edmonton refinery output by 2,000 barrels/day to 142,000 barrels/day
+ Surge Energy Inc. closed $76.8 million oil asset acquisition
+ Total S.A. agreed to acquired 61% of InterOil’s natural gas fields in Papua New Guinea for $3.6 billion
+ U.S. ‘black Friday’ weekend sales disappoint, down for first time in 7 years . . .
+ Yangarra Resources Ltd. announced its 2014 CapEx Budget is $45 million
+ Zargon Oil & Gas Ltd. closed dispositions of oil & gas properties for $12 million

FINANCINGS - proposed & closed

 

+ AltaGas Ltd. is on the market to raise $150 million in a preferred share offering
+ Black Swan Energy Ltd. closed $150 million equity financing
+ Caracal Energy Inc. closed US$ 201.8 million equity financing
+ CN is on the market to raise $3 billion in new debt
+ DeeThree Exploration Ltd. closed $35 million equity financing
+ Enbridge Inc. is on the market to raise $200 million in a preferred share offering
+ Genoil Inc. closed $309,000 equity financing
+ Kelt Exploration Ltd. closed $101.6 million equity financing
+ Madalena Energy Inc. closed $12,2 million equity financing
+ Manitoba Telecom Services Inc. closed $249 million equity financing
+ Morguard Corporation is on the market to raise $135 million in sr. unsecured debt
+ Northern Spirit Resources Inc. closed $1 million flow though shares issue
+ NuVista Energy Ltd. closed $78.1 million equity financing
+ PanTerra Resource Corp. is on the market to raise $500,000 in equity
+ Paramount Resources Ltd. is on the market to raise $150 million sr. debt offering
+ Paramount Resources Ltd. is on the market to raise $150 million credit facility
+ Peyto Exploration & Development Corp. closed $120 million financing of sr. debt
+ Questerre Energy Corporation is on the market to raise $7.9 million in new equity
+ Sunshine Oilsands Ltd. closed $24.2 million tranche of its common shares and warrants issue
+ Traverse Energy Ltd. is on the market to raise $3.36 million in equity
+ Tuscany Energy Ltd. closed $2,008,650 flow-through shares issue
+ Ultra Petroleum Corp. is on the market to raise US$450 million sr. debt financing

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INTERESTING REAL ESTATE NEWS OTHER PLACES

 

+ Ivanhoé Cambridge and Edmonton International Airport signed a conditional agreement to lease 45 acres to develop "The Outlet Collection at EIA" 
 
+ Starlight Investments Ltd. acquired 840,000 sq. ft. LEED Gold office complex in Toronto; 3250 and 3300 Bloor Street West – 3 tower office and retail complex at the Mississauga transit hub
 
+ Dundee International REIT closed its acquisition of $107.7 million office project in Düsseldorf, Germany 

+ Shea Properties and Ivanhoé Cambridge started construction on ASCENT, 650-unit luxury apartment community (more than US$ 200 million) to open in San José, California by spring 2015

 Mark Kolke on YouTube:

 
Mid-2013 Market Overview - Calgary Commercial Real Estate
discusses office leasing
discusses FACILITYCalgary

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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FACILITYCalgary
current week data - fresh every Tuesday morning

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 Sheila Nykwist from New Branch Media
 
Last week's conversation with Doug Niwa from Martens Group
 
 
 
 
 
Archived conversations 
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SHAKERS AND MOVERS

 

+ Allan Gagne to Gen. Mgr., Stakeholder Relations @ Vertex Resource Group Ltd.
+ Brian Sugden to Mgr., Calgary @ + Marcus and Millichap Real Estate Services
+ Christian Bayle to Pres. & CEO @ Inter Pipeline Ltd. eff. Jan 1        
+ Damon Harmon to Managing Partner @ Cresa Calgary
+ Dave Wicks to Mgr. Sales and Contracts @ Citadel Drilling Ltd.
+ David Hancock to Deputy Premier @ Government of Alberta
+ David McKay to Pres. @ Royal Bank of Canada eff. Feb 2014
+ Denise Amyot to Pres. & CEO @ Association of Canadian Comminity Colleges
+ Diana McQueen to Energy Minister @ Government of Alberta
+ Guy Laurence to CEO @ Rogers Communications Inc.
+ Jacqueline Schaffter to Judge, Edmonton Region @ Provincial Court of Alberta
+ James Christie to Exec. VP @ Canadian Tire Corporation
+ Jim McEvoy to Partner, U.S. Tax @ Collins Barrow Calgary
+ John Howe to VP Strategic Consulting @ Parsons Brinckerhoff Halsall Inc.
+ Ken Hughes to Minister of Municipal Affairs @ Government of Alberta
+ Marc Marois, VP Investment and Asset Mgmt. @ BPF REIT, left the bompany
+ Mike Bellefeuille to Mgr. Land Services – Southern Alberta @ Vertex Resource Group Ltd.
+ Newman Park to Interim CFO @ Hyperion Exploration Corp.
+ Norm Sabapathy to Exec. VP, People @ The Cadillac Fairview Corporation Limited
+ Raymonde Legault-Smith to VP Management Liability @ Gallagher Energy Risk Services
+ Rob Dawson to CFO @ Canadian Oil Sands Ltd.
+ Roger Foster to CFO @ Karoo Exploration Corp.
+ Ryan Kubk to Pres. & CEO @ Canadian Oil Sands Ltd.
+ Steve Alikakos to Pres., Canada @ RKF Group Canada Realty
+ Steve Reynish to Interim CFO @ Suncor Energy
+ Tiff Maclem to Dean, Rotman School of Management @ University of Toronto
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

RESIGNED, DIED or GOT THE BOOT

 

+ Allison Earl, Director @ Questor Technology Inc., resigned
+ Brian Grassby, CFO @ Canadian Pacific Railway Limited, retiring at year end
+ David Fesyk, Pres. & CEO @ Inter Pipeline Ltd., stepping down Jan. 1
+ Doug Bailey, CFO @ Hyperion Exploration Corp., left the company
+ Garry Topolnitsky, CFO @ Atikwa Resources Inc.
+ Gordon Nixon, Pres. & CEO to retire Aug. 2014
+ John Maslanyk, VP & CIO @ Boxxer Gold Corp., resigned
+ Marcel Coutu, Pres. & CEO @ Canadian Oil Sands Ltd., retiring Jan. 1
+ Michael West, Director @ Questor Technology Inc., resigned
+ Owen Tobert, City Manager @ City of Calgary, stepping down in Jan.

BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Bruce Kuwabara to Chair of Trustees @ Canadian Centre for Architecture
+ David Kepler to Director @ TD Bank Group
+ John Driscoll, Chairman @ Inter Pipeline Ltd., retiring Jan. 1
+ Mathieu Duguay to Chairman @ BLF REIT, replacing Claude Blanchet
+ Moray Tawse to Director @ BLF REIT
+ Pascal Node-Langlois to Director @ Deep Well Oil & Gas Inc.
+ Richard Shaw to Chairman @ Inter Pipeline Ltd.
+ Richard Wigington to Director @ Rock Energy Inc.

 INFRASTRUCTURE / P3 / GREEN


 

+ the Government of Alberta started another twinning project on Highway 63; the 27 km. section (from south of Horse Creek to north of the Hangingstone River) will cost $130 million
 
+ Government of Alberta is providing $170 million to NorQuest College in Edmonton for renovations plus a new 22,500 sq. metres four-storey building – the North Learning Centre component will open in 2017
 
+ Alter NRG Corp. signed an agreement to sell Waste2Tricity International (Thailand) Limited an exclusive license for the Thailand market. Waste2Tricity is a UK based developer that is actively developing projects in the UK and Thailand using the Westinghouse Plasma Gasification Technology owned by Alter NRG

 QUOTES

 

“Art, in itself, is an attempt to bring order out of chaos.”  – Stephen Sondheim
 
“When the water starts boiling it is foolish to turn off the heat.” – Nelson Mandela

 SAVE THE DATE / upcoming events

 

+ Dec. 12; IFMA Calgary Chapter – Holiday Social – info/register
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]

NEWS TODAY 
 December 10 / 2013 

 

+ Alston Energy Inc. filed for court ordered CCAA protection
+ Bank of Canada will release its Financial System Review today – Dec. 10, 10:30AM ET
+ Canada laying claim to North Pole real estate (don’t tell Santa!); Foreign Minister John Baird filing submission with United Nations commission
+ Canadian Oil Sands Ltd. announced its 2014 CapEx Budget is $1.1 billion
+ Ceiba Energy Services Inc. agreed to acquire Cam-Star Resources (1990) Ltd., for $2.8 million
+ City of Edmonton Council to determine next steps on its Valley Line LRT P3 project Dec. 11th
+ Ecopetrol and Talisman Energy Inc. announced commercial viability of its southeaster Columbian Akicias oilfield
+ current energy prices: live link to Bloomberg.com commodities data ; natural gas prices up  to 6-month high on demand/cold weather
+ Equal Energy Ltd. agreed to be acquired by Petroflow Energy Corporation of US$230 million
+ Government of Alberta revisiting high-speed rail link (again) between Calgary and Edmonton; legislative committee studying
+ Petronas, Progress Energy Canada Ltd. and Pacific Northwest LNG Ltd. signed an agreement whereby PetroleumBRUNEI will acquire 3% of Pacific Northwest LNG Ltd. proposed export facility, and PetroleumBRUNEI committed to a 20 yr. contract to buy 3% of the LNG from that facility
+ QEP Resources Inc. agreed to acquired US$950 million in Texas oil assets from Jana Partners
+ Talisman Energy Inc. agreed to sell its 12% interest in Ocensa Pipeline for $595 million
+ TransCanada Corporation started filling its 700,000 barrels/day Gulf Coast pipeline (southern leg of Keystone-XL), to be in service by mid-January
+ TransGlobe Energy Corporation announced its 2014 CapEx Budget is $100 million
+ US Airways takeover by American Airlines closed; AMR (American’s parent) came out of bankruptcy, now world’s largest airline
+ Wall Street regulators voting today on Volcker Rule to rein in risk-taking

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