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FACILITYCalgary May 6/25

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 PAST WEEK NEWS REVIEW 
 Dec. 17 - 23 

 

+ Anterra Energy Inc. closed $12.2 million in Nipisi properties acquisition
+ Argent Energy Trust announced its 2014 CapEx Budget is US$ 45 million
+ ATB Financial – Daily Economic Comment
+ Athabasca Oil Corporation announced its 2014 CapEx Budget is $460 million
+ BP Plc finished commissioning its $4 billion upgrade (102,000 barrel/day coking unit) to its refinery at Whiting, Indiana to increase its capacity from 85,000 barrels/day to process 350,000 barrels/day of Canadian crude
+ BP Plc announced it will take $1.08 billion write-down on a failed offshore exploration well in Brazil
+ Cathedral Energy Services Ltd. announced its 2014 CapEx Budget is $24 million
+ Chinook Energy Inc. announced its 2014 CapEx Budget is $85 million
+ Crew Energy Inc. announced its 2014 CapEx Budget is $246 million
+ DeeThree Exploration Ltd. announced its 2014 CapEx Budget is $230 million
+ Encana Corporation hired SBM Offshore to operate its Deep Panuke project, now operating at full capacity
+ Government of Alberta extended deadline for applications under Alberta Flood Recovery Programs to June 30, 2014
+ Harvest Operations Corp. announced its 2014 CapEx Budget is $620 million
+ Imperial Oil Limited filed applications seeking approval for its $7 billion Aspen oilsands project planned for 45 km. northeast of Fort McMurray; project will be SAGD
+ Imperial Oil Limited now estimates its cost to develop the Mackenzie Valley Project to be $20 billion
+ International Energy Agency reported 2nd qtr. global oil demand grew; first time in 8 qtrs.
+ JIP (Joint Industry Partnership) formed by Enbridge Inc. and TransCanada Corporation to collaborate on pipeline leak detection research; funded by the companies and Alberta Ministry of Innovation and Advanced Education
+ Joint Review Panel of the National Energy Board approved Enbridge’s 1,177 km. Northern Gateway Pipeline project, subject to 209 conditions!
+ 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
+ Kinder Morgan Energy Partners and Imperial Oil announced plans to construct $270 million rail loading terminal adjacent to Imperial’s Strathcona Refinery in Edmonton; to be operational by end of 2014
+ Legacy Oil + Gas Inc. announced its 2014 CapEx Budget is $350 million
+ Lone Pine Resources filed a restructuring plan in court under its CCAA protection
+ 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.
+ Pacific Rubiales Energy Corp. announced its 2014 CapEx Budget is $2.5 billion
+ 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
+ Penn West Petroleum Ltd. closed $486 million disposition of non-core assets
+ Pine Cliff Energy Ltd. announced its 2014 CapEx Budget is $12.5 million
+ Shell Canada and Caterpiller have agreed to text LNG fuelling for mining trucks, initial testing to be in oilsands operations
+ SilverWillow Energy Corporation filed applications seeking approval for its Audet in-situ oil sands project planned for 75 km northeast of Fort McKay; project will be SAGD
+ 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
+ U.S. Federal Reserve announced it will reduce its ‘quantitative easing’ program, purchasing $75 billion/monthly in Treasury and mortgage bonds starting in January, down from $85 billion/monthly

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INTERESTING REAL ESTATE NEWS OTHER PLACES

 

+ Cominar REIT acquired Montenach Mall in Bloeil, QC for $60 million
 
+ Bentall Kennedy, on behalf of Prime Canadian Property Fund, acquired enclosed mall portfolio from Canada Pension Plan Investment Borad: White Oaks in London, ON, Hillside Centre in Victoria, BC and Eastgate Square in Hamilton, ON
 
+ NorthWest International Healthcare Properties REIT closed $205 million portfolio sale/leaseback of hospitals in Brazil

+ Oxford Properties Group Inc. agreed to buy the Queen Elizabeth I shopping plaza in London, England for $151 million

 QUOTES

 

“As you get older and fatter, good clothes can hide a lot.” – Graydon Carter
 
“Atheism is a non-prophet organization.” – George Carlin

 SHAREHOLDER MEETINGS

 

+ Jan. 6; Lone Pine Resources Inc.; Creditors Meeting
+ Jan. 10; Clarke Inc., Debenture holders meeting, Halifax
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]

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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 Andy Baxter  Leasing Manager at Yale Properties
 
Last week's conversation with Lee Rogers from Rogers Insurance
 
 
Archived conversations 

SHAKERS AND MOVERS

 

+ Bill Ptacek to CEP @ Calgary Public Library
+ Brent Osmond to VP Finance & CFO @ Mountainview Energy Ltd.
+ Evan Siddall to CEO @ Canada Mortgage & Housing Corp.
+ Mary Marshall to Interim Health Advocate @ Government of Alberta
+ Randy Pustanyk to VP & COO @ Cathedral Energy Services Ltd.
+ Scott MacFarlane to Pres. & CEO @ Cathedral Energy Services Ltd.
+ Terri Ellis to VP Market Development @ Collins Barrow National Cooperative Inc.
+ Tony Swindell to COO @ Parallel Energy Trust
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

RESIGNED, DIED or GOT THE BOOT

 

+ John Murray, Deputy Governor @ Bank of Canada, retiring in April/14

BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Barbara Fraser to Director @ Economical Insurance
+ Bonnie Brooks to Director @ Empire Company Limited
+ Cynthia Devine to Director @ Empire Company Limited
+ Dr. Steven Chu to Director @ Inventys Thermal Technologies
+ Helen Wong to Director @ Empire Company Limited
+ John Bowey to Board Vice-Chair @ Economical Insurance
+ John McLeod to Chairman @ Emperor Oil Ltd.
+ Ken Crowther, Director @ Palliser Oil & Gas Corporation, resigned eff. Jan. 1
+ Kevin Lynch to Director @ Empire Company Limited
+ Martine Turcotte to Director @ Empire Company Limited
+ Nizar Somji to Director @ Redline Communications Group Inc., replacing Skuli Mogensen
+ Scott MacFarlane to Director @ Cathedral Energy Services Ltd.

FINANCINGS - proposed & closed

 

+ Alexander Energy Ltd. is on the market to raise $50 million in common share & warrants issue
+ American Core Sectors Dividend Fund closed $50 million IPO
+ ATK Oilfield Transportation Ltd. closed $13 million equity financing
+ Butte Energy Inc. closed $550,000 debt financing
+ Canadian Spirit Resources closed $3.0 million secured convertible sub. debt issue
+ Canadian Spirit Resources closed $3.1 million common share & warrants issues
+ Cardinal Energy Ltd. closed $225 million IPO
+ Cypress Hills Resources Corp. is on the market to raise $200,000 in new equity
+ DeeThree Exploration Ltd. closed $5.27 million over-allotment of its recent equity financing
+ Donnycreek Energy Inc. closed $8.04 million flow-through share issue
+ Forent Energy Ltd. is on the market to raise $1 million in a flow-through shares offering
+ Imaging Dynamics Company Ltd. closed $630,000 equity financing
+ Kingsway Financial Services Inc. is on the market to raise US$6.6 million in equity
+ MRF 2014 Resource Limited Partnership is on the market to raise $75 million in equity
+ Niko Resources Ltd. closed $30 million equity financing
+ Niko Resources Ltd. secured $340 million credit facility
+ Northern Frontier Corp. closed $12.5 million common share & warrants financing
+ Northwest International Healthcare Properties REIT closed $18 million equity financing
+ Questerre Energy Corporation closed $9 million flow-through shares issue
+ Seven Generations Energy Ltd. closed $251 million equity financing
+ Temple Hotels Inc. closed $57,502,070 equity financing
+ Terrace Energy Corp. is on the market to raise $10 million in equity
+ Terra Energy Corp. secured $25 million credit facility
+ The Caldwell Partners are on the market to raise $3.4 million in equity
+ Traverse Energy Ltd. closed its final $1.35 million tranche of its equity financing
+ Ur-Energy Inc. closed US$5.18 million equity financing
+ WesternOne Inc. closed $45 million equity financing

 INFRASTRUCTURE / P3 / GREEN


 

+ Infrastructure Ontario and Casey House shortlisted six groups as qualified to build and finance the Casey House replacement project: Bird Capital Limited Partnership , Eastern Construction Company Limited , EllisDon Capital Inc. , Graham Construction and Engineering LP & Harbridge & Cross Limited, a JV, PCL Constructors Canada Inc. , WCC Construction Canada, ULC 
 
+ Government of Alberta expects to fall short on federal flood relief funds; seeking $600 million more from Ottawa to top off $2.8 billion already committed

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NEWS TODAY 
 December 24 / 2013 

 

+ Athabasca Oil Corporation closed sale of 50% interest in Kaybob area infrastructure for $145 million
+ Catch Resources Inc. agreed to acquire Ellisboro Energy Inc. for $3.5 million
+ Centrica Energy announced its 2014 CapEx budget is $237 million for development of assets acquired from Suncor
+ current energy prices: live link to Bloomberg.com commodities data
+ High North Resources Ltd. agreed to acquire 100% of crown leases recently acquired by Redhill Resources Corp.
+ Kinder Morgan Energy Partners LPO agreed to acquire two tanker companies from Blackstone Group and Cerberus Capital Management for US$962 million; involved are 9 product tankers to be delivered in 2015 & 2016. Kinder Morgan to invest a further $214 million to complete construction
+ Mexican President Enrigue Pena signed new oil and gas law – first time since the industry was nationalized in 1938 that foreign companies are welcome in Mexico for development of oil & gas resources
+ Pacific Rubiales Energy Corp. agreed to sell its interesting in OCENSA pipeline in Columbia to Oleoducto Central S.A. for $385 million
+ Penn West Petroleum Ltd. closed $486 million sale of non-core assets
+ Regency Energy Partners LP agreed to buy US$1.6 billion in pipeline assets; $1.3 billion in Texas from Eagle Rock Energy Partners and $290 million in Delware from Hoover Energy Partners
+ Toronto area ice-storm power outage continues for 3rd day ; hundreds of thousands still without power

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 On YouTube:

 
Mid-2013 Market Overview - Calgary Commercial Real Estate
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 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
+ Mar. 25; Green Real Estate conference, Metro Toronto Convention Centre, register/info
+ 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 ]
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this site last updated May 6, 2025