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FACILITYCalgary May 26/20

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 PAST WEEK NEWS REVIEW 
 Nov. 26 - Dec. 2 

 

+ Alberta government reported $1 billion surplus on $20.3 billion in revenue for first 6 months of the fiscal year, of which $351 million has been spent on flood assistance
+ Alberta Oilsands Inc. asking $56 million in compensation for lease cancellation in connection with crown lands being made available by Alberta government for expansion of Fort McMurray boundaries
+ Anterra Energy Inc. acquiring $12 million property in Nipisi area, $12.1 million
+ Apache Corp. in talks to sell its Argentina assets
+ Argentina agreed to compensate Repsol et al for nationalization of YPF
+ ATB Financial – Daily Economic Comment
+ Birchcliff Energy Ltd. closed $59 million sale of non-core assets
+ BlackBerry Ltd. shook up its executive suite, CFO gone …
+ BP Plc completed start-up of its refinery coker at Whiting, Indiana – a $4 billion revamp to accommodated heavy Canadian oilsands crude
+ Calgary City Council rethinking how it will spend $52 million tax windfall; weighing refund, LRT fund and flood recovery …. stay tuned
+ Devon Canada Corporation to re-organize as mainly heavy oil player; plans to divest conventional oil and natural gas assets
+ Enbridge Energy Partners LP and Enbridge Inc. secured a major shipper, Marathon Petroleum Corporation, for its $2.6 billion Sandpiper Pipeline Project (Marathon will participate as an equity partner in the line)
+ Hawk Exploration Ltd. announced its 2014 CapEx Budget is $10 million
+ Ironhorse Oil & Gas Inc. closed its $7.2 million sale of Leon Lake area assets
+ Marquee Energy Ltd. announced its 2014 CapEx Budget is $45 million
+ National Energy Board pushing for hydraulic fracturing firms to disclose fluids content via http://fracfocus.ca
+ Oanda Energy Resources Inc. agreed to acquired Nigerian business of ConocoPhillips
+ Pacific Rubiales Energy Corp. closed its arrangement to acquire Petrominerales Ltd.
+ Pembina Pipeline Corporation announced its 2014 CapEx Budget is $1.5 billion
+ PetroGlobe Inc. filed for bankruptcy
+ Sinopec in talks with Apache Corp. to acquire a stake in proposed Kitimat LNG export project
+ TransCanada Corporation launched open season on Canadian Mainline natural gas pipeline, for its Triangle Region (North Bay, Toronto, Montreal)

FINANCINGS - proposed & closed

 

+ Aecon Group Inc. closed $150 million convertible debt financing
+ Aecon Group Inc. closed $22.5 million over-allotment of its convertible debt financing
+ Argent Energy Trust closed $3 million over-allotment of its debt financing
+ Artek Exploration Ltd. closed $17.1 million flow-through shares issue
+ Bri-Chem Corp. is on the market to raise $10 million in equity
+ Canadian Spirit Resources Inc. closed $17.3 million common share & warrants issues
+ Cordy Oilfield Services Inc. is on the market to secure $6 million debt financing
+ DIRTT Environmental Solutions Ltd. is on the market to raise $45 million by an IPO
+ Donnycreek Energy Inc. is on the market to raise $6 million in flow-through shares issue
+ Manulife Financial Corporation closed $250 million in sub debt financing
+ Marquee Energy Ltd. closed $8.2 million flow-through shares financing
+ Northern Frontier Corp. is on the market to raise $10,759,000 in a common shares & warrants financing
+ Northwest International Healthcare Properties REIT is on the market to raise $15 million in equity
+ Pacific Rubiales Energy Corp. closed $1.3 billion sr. unsecured debt financing
+ Power Financial Corporation closed $175 million preferred share issue
+ PRO Reit closed $11.1 million equity financing
+ Questerre Energy Corporation closed $30,147,527 equity financing
+ Slate U.S. Opportunity (No. 3) Realty Trust secured US$120 million credit facility
+ Sunshine Oilsands Ltd. closed $46.1 million common shares & warrants financing
+ Surge Energy Inc. closed $55,020,000 equity financing
+ Trinidad Drilling Ltd. is on the market to raise $150 million debt financing
+ Ultra Petroleum Corp. is on the market to raise $400 million in sr. debt

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INTERESTING REAL ESTATE NEWS OTHER PLACES

 

+ Killam Properties Inc. closed the sale of its MHC Portfolio in New Brunswick (2,308 units) for $69 million
 
+ La Caisse de dépôt et placement du Québec acquired 26.7% stake in Port of Brisbane in Australia's Queensland
 
+ Triumph Ventures II Corporation agreed to acquire Claxton Real Estate Company Ltd.
 
+ Taiga Building Products Ltd. agreed to sale/leaseback (20 yr. term) for five of its distribution facilities to Korite Capital Corporation, $20 million
 
+ Edgefront Realty Corp. will close its agreement to acquire 10 industrial properties from RTL-Western Canada Limited as a reverse takeover

 Mark Kolke on YouTube:

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

 SUGGESTIONS / COMMENTS:
feedback@facilitycalgary.com

 QUOTES

 

“Don’t play too much golf. Two rounds a day are plenty.” – Harry Vardon
 
“Believe that life is worth living and your belief will help create the fact.” – William James

FACILITYCalgary
current week data - fresh every Tuesday morning

CONVERSATIONS
Publisher 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 Doug Niwa from Martens Group
 
Last week's conversation with Steve Wuori from Enbridge Pipelines
 
 
 
 
 
 
Archived conversations 
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SHAKERS AND MOVERS

 

+ Bart Demosky to Exec. VP & CFO @ Canadian Pacific
+ Benita Warmbold to CFO @ Canada Pension Plan Investment Board
+ Bruce Leslie to Exec. Dir., Western Canada @ The Conference Board of Canada
+ Christoffer Mylde to Partner @ Sproule
+ Cynthia Paquin to VP Finances @ Innoventé Inc.
+ Danny Lee to CFO @ Canada Energy Partners Inc.
+ Deryck Helkaa to Chief Restructuring Officer @ Tuscany International Drilling Inc.
+ Ed Loven to CEO @ LoneStar Geophysical Canada
+ Gregory Fedun to CEO @ Emperor Oil Ltd.
+ Jerrard Blanchard to CFO @ Bengal Energy Ltd.
+ Matt Tymchuk to Partner @ Sproule
+ Michael Maguire to VP International @ High Arctic Energy Services Inc.   
+ Mike Hill to Sr. VP, Sales @ Detechtion Technologies
+ Nick Zelenczuk to COO @ Canada Pension Plan Investment Board
+ John Howe to VP Strategic Consulting @ Parsons Brinckerhoff Hallsall Inc.
+ Pamela McDonald to Dir. Communications and Education @ British Columbia Securities Commission
+ Stephen Mannix to Exec. VP @ Balboa Investments Ltd.
+ Stephen Wetmore to CEO @ Canadian Tire Corporation 

[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

RESIGNED, DIED or GOT THE BOOT

 

+ Brian Grassby, CFO @ Canadian Pacific Railway Limited, retiring at year end
+ John Maslanyk, VP & CIO @ Boxxer Gold Corp., resigned
+ Owen Tobert, City Manager @ City of Calgary, stepping down in January

BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Christopher Wigg, Director @ Raimount Energy Inc., resigned
+ Eldon Shomber to Director @ United Hunter Oil & Gas Corp.
+ George Reti, Chairman @ Killam Properties Inc., retired
+ Jeff Ratcliffe to Director @ United Hunter Oil & Gas Corp.
+ Jonathan Christodor to Director @ Talisman Energy Inc.
+ Kevin Dunne, Director @ Talisman Energy Inc., retiring
+ Leah Lawrence to Board Chair @ Calgary Chamber of Commerce
+ Marianne Harris to Director @ Sun Life Financial Inc.
+ Pat Nelson to Director @ PanTerra Resource Corp.
+ Richard Wigington to Director @ Rock Energy Inc.
+ Robert Kay to Non-Exec. Chairman @ Killam Properties Inc.
+ Robert Wagemakers to Director @ Citadel Drilling Ltd.
+ Samuel Merksamer to Director @ Talisman Energy Inc.

 INFRASTRUCTURE / P3 / GREEN


 
 
+ Tsuu T’ina Nation signed a deal with the Alberta Government – a Transportation and Utility Corridor Agreement that will facilitate construction of the Calgary SouthWest ring road section
+ Infrastructure Ontario/Hawkesbury & District General Hospital issued the RFP to expansion and redevelopment project
+ FortisBC announced $400 million expansion plan to expand its  Delta, BC LNG plant to power fleet vehicles
 SAVE THE DATE / upcoming events

 

+ Dec. 3 – 5; Toronto Real Estate Forum, Metro Toronto Convention Center, info/register
+ Dec. 4 – 5; 12th Annual Oil Sands Symposium, Marriot Downtown Calgary, info/register
+ Dec. 4; OPEC – 164th Ordinary Meeting, Vienna
+ 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 ]

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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NEWS TODAY 
 December 3 / 2013 

 

+ Bank of Canada interest rate announcement tomorrow – Dec. 4/10AM ET
+ current energy prices: live link to Bloomberg.com commodities data ; crude prices of but coming back on strong China and U.S. data; natural gas gains in Nov.
+ Enerplus Corporation announced its 2014 CapEx Budget is $760 million
+ First Capital Realty closed its acquisition of False Creek Village (former Olympic athlete’s village) in Vancouver, $46.1 million
+ Loonie below $ 0.94
+ McCoy Corporation opened a sales and service operation in Singapore
+ U.S. ‘black Friday’ weekend sales disappoint, down for first time in 7 years . . .
+ Zargon Oil & Gas Ltd. closed dispositions of oil & gas properties for $12 million

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 KUDOS

 

+ to Don Taylor – an awesome $15 million donation to the Calgary Stampede Foundation to create the SAM Centre, future home of Stampede archives and the Stampede School program
 
+ to Geoff Smith, President at EllisDon – for Exceptional Entrepreneurial Work, given Canada’s EY Entrepreneur of The Year Award
 
+ to Paul Grewal, Pres. @ Street Capital Financial Corporation – inducted to Canada’s Mortgage Hall of Fame
 
+ to Enform, celebrating 25th Anniversary of its Nisku training facility, received $3.7 million new investment from industry and governing bodies

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