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FACILITYCalgary June28/22

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 PAST WEEK NEWS REVIEW 
 Dec. 10 - 16 


 

+ Alston Energy Inc. filed for court ordered CCAA protection
+ ATB Financial – Daily Economic Comment
+ Bank of Canada will released its Financial System Review
+ Bankers Petroleum Ltd. announced its 2014 CapEx Budget is US$ 313 million
+ Baytex Energy Corp. announced its 2014 CapEx Budget is $485 million
+ Bellatrix Exploration Ltd. completed its arrangements to acquire Angle Energy Inc. for $69.7 million
+ Bellatrix Exploration Ltd. announced its 2014 CapEx Budget of $370 million is increased t0 $610 million following closing of its Angle Energy arrangement
+ BlackBerry Ltd. shakeup continues – 3 more executives sacked
+ 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
+ Cenovus Energy Inc. announced its 2014 CapEx Budget is $2.8 billion
+ Chevron Corp. announced its 2014 CapEx Budget is US$ 39.8 billion
+ Ecopetrol S. A. and Talisman Energy Inc. announced commercial viability of its southeaster Columbian Akicias oilfield
+ Ecopetrol S. A. announced its 2014 CapEx Budget is US$10.5 million
+ Encana Corporation announced its 2014 CapEx Budget isUS $2.4 billion, focused on liquids rich plays
+ Equal Energy Ltd. agreed to be acquired by Petroflow Energy Corporation of US$230 million
+ Freehold Royalties Ltd. announced its 2014 CapEx Budget is $30 million
+ Gibson Energy Inc. announced its 2014 CapEx Budget is $410 million
+ Government of Alberta revisiting high-speed rail link (again) between Calgary and Edmonton; legislative committee studying
+ Gran Tierra Energy Inc. announced its 2014 CapEx Budget is $467 million
+ Husky Energy Inc. announced its 2014 CapEx Budget is $4.8 billion
+ Imperial Oil solds its downtown development site (1.5 acres, 500 – 6 Ave SW) for $68.95 million
+ Li Ka-shing controlled Power Assets Holdings Ltd. is planning a stock listing to free up $5.7 billion to financing acquisitions
+ Long Run Exploration Ltd. announced its 2014 CapEx Budget is $200 million
+ Longview Oil Corp. announced its 2014 CapEx Budget is $56 million
+ Marathon Oil Corporation announced its 2014 CapEx Budget is US$ 294 million for oilsands mining of a total budget of US$ 5.9 billion
+ Mexican Congress approved measures that will open up oil & gas exploration and production to foreign companies – first change since 1938 when Pemex was giving a monopoly
+ Newalta Corporation announced its 2014 CapEx Budget is $180 million
+ NuVista Energy Ltd. is selling $30.2 milion in non-core assets
+ NuVista Energy Ltd. announced its 2014 CapEx Budget is $240 million
+ Olympia Trust Company closed the sale of its Transfer Agency and Corporate Trust Assets to Computershare Trust Company of Canada for $43 million
+ Painted Pony Petroleum Ltd. announced its 2014 CapEx Budget is $149 million
+ Peru’s congress approved sale of 49% interest in Petroperu, the state owned oil firm
+ 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
+ Plazacorp Retail Properties Ltd. is converting to a REIT structure eff. Jan. 1
+ Precision Drilling Corporation announced its 2014 CapEx Budget is $504 million
+ Raging River Exploration Inc. announced its 2014 CapEx Budget is $215 million
+ Renegade Petroleum Ltd. agreed to sell non-core assets in Saskatchewan for $32.5 million
+ RMP Energy Inc. announced its 2014 CapEx Budget is $130 million
+ QEP Resources Inc. agreed to acquired US$950 million in Texas oil assets from Jana Partners
+ Secure Energy Services Inc. announced its 2014 CapEx Budget is $225 million
+ Source Energy Services Canada LP commenced operations at its new frac sand trans-loading terminal facility in Wembley
+ Southern Pacific Resource Corp. engaged advisors to review strategic alternatives for the company
+ Talisman Energy Inc. agreed to sell its 12% interest in Ocensa Pipeline for $595 million
+ The Carlyle Group committed US$ 200 million to Discover Exploration Limited, a new London based unit of Cove Energy plc
+ Torc Oil & Gas Ltd. announced its 2014 CapEx Budget is $125 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
+ Trican Well Service Ltd. announced its 2014 CapEx Budget is $32.7 million
+ US Airways takeover by American Airlines closed; AMR (American’s parent) came out of bankruptcy, now world’s largest airline
+ U.S. domestic oil production outlook to hit historic high by 2016 at 9.5 million barrels/day, highest since 1970
+ Wall Street regulators adopting Volcker Rule to rein in risk-taking
+ Western Energy Services Corp. announced its 2014 CapEx Budget is $65 million



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INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Morguard Investments Limited closed on two Edmonton properties totaling $200 million: 44 Capital Blvd. on behalf of HOOPP, and an industrial portfolio on behalf of MIL Industrial Fund II Limited Partnership and a pension fund
 
+ Morguard Investments Limited closed on three regional shopping centres on behalf of HOOPP and Morguard REIT from Canada Pension Plan Investment Board for $500 million
 
+ Killam Properties Inc. started construction of a 122 unit luxury rental apartment building in Cambridge, On.



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FACILITYCalgary
current week data - fresh
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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 Lee Rogers from Rogers Insurance
 
This week's conversation with Sheila Nykwist from New Branch Media
 
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Audrey Gaspar to VP Investment Planning @ Ontario Teachers’ Pension Plan
+ Bilal Kabalan to Chief Information Officer @ Olympia Trust Company
+ Brian Burke to Acting Gen. Mgr. @ Calgary Flames
+ Craig Skauge to Exec. VP @ Olympia Trust Company
+ David Sealock to Interim Pres. & CEO @ Sunshine Oilsands Ltd.
+ Denis Despres to COO @ Major Drilling Group International Inc.
+ Fred Cleveland to Exec. VP Operations @ WestJet
+ James Bell to Corporate Secretary @ Olympia Trust Company
+ Larry Pisto to VP North American Operations @ Major Drilling Group International Inc.
+ Marida Chen to Leasing Coordinator @ Artis REIT
+ Peter Dugandzic to Exec. VP Corp. Services @ Newalta Corporation
+ Robert Williams to CEO @ Redline Communications Group Inc.
+ Romeo Leemrijse to VP Industrial Products, Energy & Power @ Ontario Teachers’ Pension Plan
+ Terry Anderson to COO @ ARC Resources Ltd.
+ Todd Moser to Sr. VP Industrial @ Newalta Corporation
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Chris Peirce, Chief Corporate Officer @ MTS Allstream, retiring Dec. 31
+ Doug Bailey, CFO @ Hyperion Exploration Corp., resigned
+ Jay Feaster, Gen. Mgr. @ Calgary Flames, fired
+ John Zacharcy, Pres. & CEO @ Sunshine Oilsands Ltd., resigned
+ Robert Pearce, CFO @ Sunshine Oilsands Ltd., resigned
+ Terry Donaleshen, Sr. VP @ Newalta Corporation, retiring Dec. 31



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Jim Garnett to Director @ Atikwa Resources Inc.
+ Keith Turnbull to Director @ Bellatrix Exploration Ltd.
+ Mike Stark to Director  @ Atikwa Resources Inc.
+ Robert Williams to Director @ Redline Communications Group Inc.
+ Steve May to Director @ Atikwa Resources Inc.



FINANCINGS - proposed & closed

 

+ AltaGas Ltd. closed $200 million preferred share issue
+ Boxxer Gold Corp. is on the market to raise $250,000 in equity
+ Butte Energy Inc. closed $550,000 debt financing
+ Canadian Spirit Resources Inc. closed $14.3 million flow-through share issue
+ Cardinal Energy Ltd. raised $225 million in an IPO
+ Enbridge Inc. closed $ 250 million preferred share financing
+ Firm Capital Property Trust is on the market to raise $15.9 million in equity
+ Hemisphere Energy Corporation closed $4.3 million equity financing
+ Long Run Exploration Ltd. secured a $475 million credit facility
+ Morguard Corporation closed $135 million sr. unsecured debt issue
+ NorthWest International Healthcare Properties REIT is on the market to raise $18 million in equity
+ Paramount Resources Ltd. closed $150 million sr. debt financing
+ Power Financial Corporation closed $200 million preferred share issue
+ Real Matters closed $40 million equity financing
+ Traverse Energy Ltd. closed $2.01 tranche of its equity financing
+ Trinidad Drilling Ltd. closed $172.5 million equity financing
+ True North Commercial REIT is on the market to raise $200 million in equity
+ Tuscany Energy Ltd. closed $500,000 flow-through share issue
+ TVI Pacific Inc. closed $2 million equity financing
+ Twin Butte Energy Ltd. closed $85 million convertible debt financing
+ Yangarra Resources Ltd. closed $14.5 million equity financing



 INFRASTRUCTURE / P3 / GREEN


 

+ Redford Government announced new schools – one in Calgary, one in Edmonton, and two in Fort McMurray
 
+ Forts Inc. agreed to acquire UNS Energy Corp. in Arizona for $2.5 billion



 SAVE THE DATE / upcoming events

 

+ Feb. 19 & 20; BUILDEX Vancouver, Vancouver Convention Centre; register/info
+ Feb. 20; Vancouver Real Estate Forum, Vancouver Convention Centre; register/info
+ Mar. 11 – 13; COSIA – 2014 Oil Sands Water Conference and Workshops, Edmonton; info/register
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ May 8; Edmonton Real Estate Forum, Shaw Convention Centre, Edmonton, register/info
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]

NEWS TODAY 
 December 17 / 2013 


 

+ Athabasca Oil Corporation announced its 2014 CapEx Budget is $460 million
+ current energy prices: live link to Bloomberg.com commodities data
+ Crew Energy Inc. announced its 2014 CapEx Budget is $246 million
+ Kinder Morgan’s Trans Mountain Pipeline ULC filed application with the National Energy Board to expand its capacity from 300,000 barrels/day to 890,000 barrels/day; most of the $5.4 billion project will be built in existing rights of way
+ National Energy Board approved four LNG Export Licence Applications: Prince Rupert LNG Exports Ltd, Pacific NorthWest LNG Ltd., WCC LNG Ltd., Woodfibre LNG Export Pte. Ltd.
+ Pembina Pipeline Corporation announced it will proceed with $2 billion Phase III expansion of its pipeline system (late 2016 – mid-1017 in service) feeding into Edmonton
+ Shell Canada and Caterpiller have agreed to text LNG fuelling for mining trucks, initial testing to be in oilsands operations
+ Statoil ASA Canadian division weighing investment in Newfoundland offshore ventures vs. Alberta oilsands – will make decision by Mar/14 due to parent company pressure to reduce costs



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“If all the economists were laid end to end, they’d never reach a conclusion.” – George Bernard Shaw
 
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