+ Dec. 3; Kodiak Oil & Gas Corp., Special Meeting of Securityholders, Denver

+ Dec. 10; Donnebrook Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Dec. 12; Sterling Resources Inc., Bondholder Meeting, Calgary

+ Dec. 18; First Asset Pipes & Power Income Fund,  Special Unitholder Meeting, Toronto

+ Jan. 14/15; Nav Canada, Annual Meeting of Members, Ottawa

+ Apr. 23; CIBC, Annual General Meeting, Calgary

+ May 7; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

[send event notices to:  kolke@facilitycalgary.com ]

+ Allan Fogwill to Pres. & CEO @ Canadian Energy Research Institute

+ Anglelique Saweczko to University Registrar @ University of Calgary

+ David Bush to VP Business Processes @ Polaris Transportation Group

+ David Paterson to VP Corporate and Environmental Affairs @ General Motors of Canada Limited

+ Greg Lepp to Judge, Edmonton @ Provincial Court of Alberta

+ Hugh O’Reilly to Pres. & CEO @ OPTrust

+ Jack Mintz, Director, School of Public Policy @ University of Calgary, stepping down

+ Jack Mintz to President’s Fellow, School of Public Policy @ University of Calgary

+ Jo Taylor to Managing Dir. Europe, Middle East & Africa @ Ontario Teachers’ Pension Plan

+ Jody Bellefleur to CFO @ Lakeland Resources Inc.

+ Jorden Dawson to Director, Industrial Development @ Beedie Development Group

+ Kristin Faerovik to Managing Dir. Norway @ Lundin Petroleum

+ Peter Howard, Pres. & CEO @ Canadian Energy Research Institute, retired

+ Torstein Samness, Managing Dir. Norway @ Lundin Petroleum, retiring

+ Trevor Winkler to Regional Managing Partner, Calgary @ MNP LLP

[send us your appointment notices  kolke@facilitycalgary.com]

+ Bill Chinery to Director @ Ontario Teachers’ Pension Plan

+ Hubert Lau to Director @ Alberta Council of Technologies Society

+ Jeffrey Saponja, Director @ Pallier Oil & Gas Corporation, resigned

+ Joan Dunne to Directore @ Tundra Oil & Gas Limited

+ John Manley to Chair @ CIBC

+ John Murray to Director @ Ontario Teachers’ Pension Plan

+ Kelly Kerr to Director @ Palliser Oil & Gas Corporation

+ Luis Zapata to Director @ Montan Capital Corp.

+ Mark Strawn to Director @ Enhanced Oil Resources Inc.

+ Mary Jo Haddad to Director @ TD Bank Group

+ Stephen Zink to Director @ Alberta Council of Technologies Society

+ Ted Roberts to Director @ Questerre Energy Corporation

+ Toos Daruvala to Director @ Royal Bank of Canada

+ Blackstone Group agreed to sell IndCor properties (117 million sq. ft. industrial portfolio)  for Singapore’s sovereign wealth fund for US$8.1 billion

+ Blackstone Group agreed to sell a portfolio of northern California office buildings to Hudson Pacific Properties for US$3.5 billion

+ Brookfield Asset Management Inc. and Qatar Investment Authority JV upped its bid to acquire London’s Canaary Wharf project to US$4.6 billion

+ Ivanhoé Cambridge acquired Stonecutter Court (150,000 square-foot Class A office building) in Central London from Hines Global REIT for £112 million

FACILITYCalgary
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December 9, 2014 issue

+ Canadian Oil Sands Limited announced its 2015 CapEx Budget is $564 million

+ Imperial Oil Limited resumed production at its Kearl facility

+ MEG Energy Corp. announced its 2015 CapEx Budget is $1.2 billion

+ Cominar REIT closed $200 million debt financing

+ Crestpoint Real Estate Investments Ltd. JV with PSP Investments, agreed to acquire 50% interest in Canadian industrial properties and 49.5% of U.S. industrial properties owned by H & R REIT for $731 million

+ FAM REIT got unitholder approval for its acquisition of seven office property from Slate GTA Suburban Office for $190 million

+ Nobel REIT acquired office building in Dorval, sale/leaseback from Dicom Transporation Group for $13,850,000

+ to Dominic Mercuri from TD Bank Group, named Canada’s Marketer of the Year by the Canadian Marketing Association

+ to Dave Robson who donated $10 million to the University of Calgary to establish the Dave and Val Robson Fund – to study DNA at the Robson DNA Science Centre

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+ Alberta Government introduced Bill 9, The Condominium Property Amendment Act; more than 50 changes will impact owners, buyers, sellers, property managers and real estate agents – link to access PDF view of Bill 9

+ Anderson Energy Ltd. announced it will reorganize its business, further rationalize its shallow gas assets and raise money under a court supervised plan of arrangement; new company will be Anderson Energy Inc.

+ Artek Exploration Ltd. agreed to sell non-core Peace River Arch properties for $21.85 million

+ ATB Financial – THE OWL … Daily Economic Comment

+ Athabasca Oil Corporation announced its 2015 CapEx Budget is $266 million, down from $450 million for 2014

+ Bank of Canada maintained its overnight rate target of 1.0%

+ Bentall Kennedy’s Prime Canadian Property Fund acquired failed ‘3 Eau Claire’ project in court supervised sale; $39.6 million purchase

+ Burger King Worldwide Inc.’s $12.5 billion acquisition of Tim Horton’s Inc. got Industry Canada approval

+ Calgary housing starts down in November; building permit values still on the rise …

+ Canadian Oil Sands Limited announced its 2015 CapEx Budget is $564 million

+ Chinook Energy Inc. agreed to sell its Gilby and Karr area properties for $72 million

+ Colliers issued Q3 industrial report

+ Crestpoint Real Estate Investments Ltd. JV with PSP Investments, agreed to acquire 50% interest in Canadian industrial properties and 49.5% of U.S. industrial properties owned by H & R REIT for $731 million

+ current energy prices: live link to Bloomberg.com commodities data ; crude below US$63/barrel on global oversupply

+ Enbridge Inc. adopted an advance notice bylaw and intentions to reorganize assets

+ Ensign Energy Services Inc. ‘paused’ its 34 high-tech rig purchase program; cut in half to 17 rigs

+ Ensign Energy Services Inc. announced its 2015 CapEx Budget is $340 million

+ EOG Resources Inc. has closed its Calgary headquarters; 150 out of work

+ EOG Resources Inc. sold most of its Canadian assets to CNRL and Tundra Oil & Gas Ltd. .. details not available

+ FAM REIT got unitholder approval for its acquisition of seven office property from Slate GTA Suburban Office for $190 million

+ forecasting agency predicts US$150 billion in oil projects will face the axe in 2015, as Reuters reports it …

+ Hyduke Energy Services Inc. closed its acquisition of Thunder & Lightning Welding Ltd.

+ Imperial Oil Limited resumed production at its Kearl facility

+ Keyera Corp. agreed to acquire 35% interest in Deep-Cut Gas Plant from Bellatrix Exploration Ltd. for $230 million

+ MEG Energy Corp. announced its 2015 CapEx Budget is $1.2 billion

+ Pacific Rubiales Energy Corp. formed a JV with Alfa S.A.B de C.V. to develop Mexican projects

+ Pacific Rubiales Energy Corp. announced its 2015 CapEx Budget is $1.5 billion

+ Petronas announced it’s plans have changed for its Pacific NorthWest LNG; engineering work to be sent offshore to keep costs down

+ Precision Drilling Corp. reduced its 2014 CapEx Budget by $23 million; set 2015 CapEx Budget is $493 million

+ Precision Drilling Corp. agreed to sell its U.S. coil tubing operations for $44 million

+ Southern Pacific Resource Corp. engaged advisors to explore strategic alternatives

+ Statoil deferred its decision to invest YUS$5.74 billion to enhance production from Norwegian Sea projects under profitability pressures

+ The Italian Centre Shop is entering the Calgary market; taking over the former Sobey’s location at Fairmount Place shopping centre

+ Trilogy Energy Corp. announced its 2015 CapEx Budget is $250 million

+ TSX suffered biggest drop in 18 months yesterday on energy selloff…

+ Vermilion Energy Inc. announced its 2015 CapEx Budget is $525 million

+ Waldron Energy Corporation engaged advisors to undertake sale of assets to realize shareholder value

+ Algonquin Power & Utilities Corp. commenced operations at its 24MW wind project at St. Damase, Quebec; capital cost $49 million

+ Boralex Inc. and its partners commissioned its 68MW Phase II Seigneurie de Beaupré Wind Farms

+ Arsenal Energy Inc. closed $9,083,852 equity financing

+ Chemtrade Logistics Income Fund closed $115,126,500 equity financing

+ CIBC is on the market to raise $250 million by a preferred share issue

+ Cominar REIT closed $200 million debt financing

+ Firm Capital Property Trust closed $840,485 tranche of an equity financing

+ Holloway Lodging Corporation secured $25.0 million credit facility

+ Lakeland Resources Inc. closed $1,885,008 equity financing

+ Manulife Financial Corporation closed $250 million preferred share issue

+ Nobel REIT closed $6.5 million first tranche of its equity financing

+ Painted Pony Petroleum Ltd. closed $63,300,600 equity financing

+ Paramount Resources Ltd. secured $900 million revolving bank credit facility

+ Toronto-Dominion Bank is on the market to raise $500 million by a preferred share issue

+ Tuscany Energy Ltd. is on the market to raise $1.0 million in flow-through share issue