+ 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.
