+ a warm welcome to Incito, a new advertiser/sponsor to FACILITYCalgary; Jenn Lofgren and her team at Incito providers of executive coaching
+ Accenture published a FULL VALUE. FULL STOP. report shows Canadian businesses can leverage themselves for scaling innovation
+ Alberta government credit rating downgraded by Moody’s; to Aa2 (stable) from Aa1 (negative); the Kenny government blames the Notley government ~ while Moody’s blames lack of pipeline capacity and government deficits … tic toc
+ Altura Energy Inc. agrees to sell interest in three tranches of non-core assets for $10.0 million
+ Bank of Canada rate review announcement; rate holding steady at 1.75%
+ Baytex Energy Corp. announced its 2020CapEx Budget is $500.0 million
+ Bonavista Energy Corporation closed $53.5 million acquisition of West Central Alberta asset portfolio
+ Calgary Flames new arena deal signed; City of Calgary and Flames ownership signed a lease for a new 19,000 seat $550.0 million arena; the city share will be $290.4 million which will include demolition of the Saddledome; construction to start in 2021, puck drop Sept. 2024
+ Canadian Energy Regulator issued its report: Canada’s Energy Future 2019: Energy Supply and Demand Projections to 2040
+ Canadian Natural Resources Limited announced its 2020CapEx Budget is $4.05 billion
+ Cardinal Energy Ltd. announced its 2020CapEx Budget is $60.0 million
+ Cenovus Energy Inc. announced its 2020CapEx Budget is $1.3 billion
+ Co-op Refinery Complex in Regina continues to operate during strike … tic toc
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices moving upward on Saudi cuts and expectations OPEC countries will agree to and observe deeper output costs but tempered by concerns China’s imports will remain weak
+ Frontera Energy Corporation announced its 2020CapEx Budget is $325.0 million
+ Gibson Energy and US Development Group LLC formed a JV to build and operate a DRU (diluent recover unit) which will extract diluent from bitumen shipped by pipe at a new facility near Hardisty to reduce volumes and increase weight for rail shipments to gulf coast refineries; 50,000 bbl/day facility
+ Gibson Energy Inc. announced its 2020CapEx Budget is $300.0 million
+ Global Restoration Holdings (FirstService Corporation) acquired Perfection Property Restoration, Catastrophe Cleaning & Restoration Co., ASR Property Restoration, and JPL Disaster Recovery; will be rebranded …
+ GMP Capital Inc. closed the sale of its Capital Markets business to Stifel Financial Corp.
+ Grizzly Oil Sands ULC project to provincial government approval; 12,000 bbl/day project will be northwest of Conklin
+ Inter Pipeline Ltd. announced its 2020CapEx Budget it $1.2 billion
+ Mobiliis Strategic Advisors agreed to be acquired by and merge with MNP LLP
+ NAFTA treaty replacement – USMCA, United States-Mexico-Canada, deal is ‘nearly done’; signature by representatives of all three countries is expected within days … tic toc
+ Paramount Resources Ltd. closed $55.0 million portfolio sale of non-core west central Alberta assets
+ Petrus Resources Ltd. agreed to a sale of a Foothills non-core oil and natural gas assets for $1.8 million
+ rig activity in Canada
+ rig counts (active/working) – U.S.: down 3 to 799 this week; Canada: up 12 to 138 this week; full breakdown
+ Scotiabank closed the sale of a major stake in Thai bank; reduced from 49% to 6% ownership of Thanachart Bank Public Company Limited
+ Syncrude reported to have reduced its December production by 1.6 million barrels due to operational problems …
+ TransMountain Pipeline expansion project commenced construction
+ Trudeau government Throne Speech pleased few in Western Canada; no mention of pipelines, no mention of Alberta or Saskatchewan, no mention of oil …
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