+ Alstom SA pled guilty to U.S. charges in bribery scandal; fined US$ 772 million
+ Argent Energy Trust announced its 2015 CapEx Budget is US$19.5 million, down US$20 million from earlier announcement
+ ATB Financial – THE OWL … Daily Economic Comment
+ BCE Inc. and Rogers Communication Inc. formed a JV for acquisition of GLENTEL Inc. (494 Canadian locations); each firm to own 50%. Rogers has withdrawn its court application to block the sale of Glentel to BCE
+ Bellatrix Exploration Ltd. announced its 2015 CapEx Budget is $300 million, down from $400 million
+ Bonavista Energy Corporation announced its 2015 CapEx Budget is $375 million, down from $525 million
+ Brookfield Asset Management increased its big for 30% of Brookfield Residential it doesn’t already own; offer values company at US$2.84 billion
+ Chevron Corp. put its plan for drilling in the Beaufort Sea on hold due to slide in oil prices
+ Chinook Energy Inc. closed the sale of its Gilby area assets for $30.8 million
+ Civea Corp., an oilsands camp operator, is laying off 2/3rds of its staff in Canada; closed two of its facilities near Fort McMurray
+ Contact Exploration Inc. and Donnycreek Energy Inc. completed their merger; now operating as Kicking Horse Energy Inc.
+ current energy prices: live link to Bloomberg.com commodities data US crude below US$54/barrel, Brent at US$57/barrel; Saudi led market over-supply and price drop for crude oil continues – so far it looks like U.S. economy is benefiting most while Canadian industry and stock markets, because we are so energy dependent have a bleaker outlook going into 2015; Russia and Venezuela hurting too. Meanwhile, Saudi Finance Ministry is facing a US$39 billion deficit … tic toc
+ Dixie Energy Trust closed its US$47.5 million asset sale to Gulf Pine Energy Partners LP; Dixie Energy Trust to be wound-up
+ Eagle Energy Trust closed $100 million acquisition of working interests in Montney assets
+ Encana Corporation announced its 2015 CapEx Budget is $2.7 billion
+ Enerplus Corporation announced its 2015 CapEx Budget is $635 million, down $195 million from 2014
+ Greek economy in trouble again/still; failure to elect president, resistance to EU, ECB and IMF austerity measures – triggered elections Jan. 25, no solution in sight … tic toc
+ Halliburton’s CEO says planning on restructuring or layoffs due to market conditions, not due to Baker Hughes acquisition
+ High Arctic Energy Services Inc. announced its 2015 CapEx Budget is $36 million
+ Horizon North Logistics Inc. announced its 2015 CapEx Budget is $25 million
+ Husky Energy Inc. announced its 2015 CapEx Budget is $3.4 billion
+ Journey Energy Inc. announced its 2015 CapEx Budget is $70 million, down from $90 million
+ Keyera Corp. agreed to acquire 60% interest in Zeta Creek gas plant being constructed by Velvet Energy; Keyera to operate the plant
+ Legacy Oil + Gas Inc. announced its 2015 CapEx Budget is $238 million, down 40% over last year
+ Mattamy Homes Ltd. agreed to acquire Monarch Corp. for $330 million
+ MEG Energy announced its 2015 CapEx Budget is $305 million, down from $1.2 billion announced earlier
+ Mexx is liquidating and closing all of its 95 retail stores across Canada (6 in Calgary) ; filed intention to Make a Proposal under the Bankruptcy Insolvency Act
+ Morgan Stanley deal to acquire oil trading and storage assets from OAO Rosneft terminated over Russian sanctions; Macquarie Group Ltd. reported eager to acquire those assets
+ Newalta Corp. agreed to sell its industrial division (950 employees) for $300 million to Birch Hill Equity Partners
+ New Brunswick’s government introduced a moratorium on hydraulic fracturing due to health, environmental, technical and First Nations concerns
+ Niko Resources Ltd. engaged advisors to pursue strategic alternatives
+ Northern Blizzard Resources Inc. announced its 2015 CapEx Budget is $130 million, down from $215 million
+ Pacific Rubiales Energy Corp agreed to sell 43% of Pacific Midstream Ltd. to International Financial Corporation for US$320 million
+ Penn West Petroleum Ltd. announced its 2015 CapEx Budget is $625 million, down from $840 million
+ Petrobras facing technical default on bode debt payments amid corruption scanda
+ PrairieSky Royalty Ltd. closed its acquisition of Range Royalty LP
+ Repsol SA’s takeover of Talisman Energy has been reported at US$8.3 billion and at US$13 billion; both are accurate – the larger figure includes Talisman debt being assumed by Repsol in its all-cash takeover bid … and now you know
+ Royal Dutch Shell agreed to sell its Norwegian downstream business to ST1 for an undisclosed sum; they will handle Norwegian aviation business as a 50-50 joint venture
+ Russian GDP shrinks, economy in trouble due to sanctions, low oil price, high interest rates and devalued Ruble .. tic toc
+ Spyglass Resources Corp. closed $100 million sale of Montney assets
+ Statoil agreed to sell its non-operated Marcellus assets to Southwestern Energy for $394 million
+ Superior Coring Systems Inc. has gone into bankruptcy proceedings
+ TORC Oil & Gas Ltd. announced its 2015 CapEx Budget is $125 million
+ Toro Oil & Gas Ltd. closed $25 million acquisition of Viking light crude assets
+ Twin Butte Energy Ltd. announced its 2015 CapEx Budget is $120 million, down $40 million
+ Veresen Inc. formed Veresen Midstream LP together with KKR to undertake $5 billion midstream expansion for Encana and Cutbank Ridge Partnership and 30-yr supply deal; Encana Corp. selling $412 million in assets into the venture
+ Whitecap Resources Inc. announced its 2015 CapEx Budget is $245 million, down from $360 million this year
+ Zargon Oil & Gas Ltd. closed $22.5 million sale of its Hamilton Lake property sale
+ Zargon Oil & Gas Ltd. announced its 2015 CapEx Budget is $46 million, down from $32 million
