+ 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
+ Donneycreek Energy Inc. announced its amended 2014 CapEx Budget is $49.2 million
+ European Central Bank to hold interests steady, no need for further cuts
+ Heartland Transmission line is now energized: 66 km. EPCOR line connects south Edmonton to Heartland industrial area north of Edmonton
+ High North Resources Ltd. agreed to acquire 100% of crown leases recently acquired by Redhill Resources Corp.
+ Kelt Exploration Ltd. closed its $191.96 million Grande Cache area oil & gas assets
+ 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
KUDOS
+ Denise Clarke of One Yellow Rabbit, named to Order of Canada
+ Bob McPhee, CEO @ Calgary Opera, named to Order of Canada
+ Joan Snyder, philanthropist, named to Order of Canada
+ Mary Hofstetter from the Banff Centre, named to Order of Canada
QUOTES
“Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.” – Daniel Kahnemann, Nobel Laureate in Economics
“Never make predictions, especially about the future.” – Case Stengel
SHAREHOLDER MEETINGS
+ Jan. 6; Lone Pine Resources Inc.; Creditors Meeting
+ Jan. 6; Edgefront Realty Corp, Annual and Special Meeting of Shareholders, Toronto
+ Enbridge Inc. published its 2013 Corporate Social Responsibility Report
+ European outlook still dodgy; France appears to have narrowly avoided dipping back into recession at the same time as it is imposing 75% tax on high income earners
+ Federated Co-operatives Limited will announce today its anticipated production impact from its Regina refinery blast last week
+ Kitsault Energy Ltd. applied for permits to operate a west coast LNG export facility at Kitsault, BC, a ghost town the company owns even though the company has no natural gas assets or contracts . . . really??
+ Loonie rallied yesterday, recovering recent losses though the market appears bearish for the Loonie, which could be good news for 2014
+ rail crash/derailment near Fargo, North Dakota – 8 oil filled tanker cars exploded, 2 engines destroyed … 56 cars in the BNSF train are in danger while 50 are separated and safe
+ Toronto area power outages continue; now only 290 Ontarions are without power, down from 300,000 during last week’s ice storm
+ TransForce Inc. agreed to acquire Vitran Corporation for US$136 million
+ Vanguard Natural Resources LLC agreed to buy US$581 million in Wyoming natural gas and oil properties from Anadarko Petroleum Corp.
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com
