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FACILITYCalgary June21/22

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 PAST WEEK NEWS REVIEW 
 Feb. 4 - 10 


 

+ Alberta February land sale netted the government of Alberta $8.39 million
+ Alexander Energy Ltd. closed its $32.5 million acquisition of SE Saskatchewan properties
+ American Energy Partners closed is acquisition of 130,000 acres in the Utica Shale from Hess Corp, Exxon Mobil Corporation and Paloma Partners; price not disclosed
+ Antrim Energy Inc. agreed to sell its UK subsidiary to First Oil Expro Limited for $53 million
+ ATB Financial – Daily Economic Comment
+ ATCO Pipelines plans a $700 million urban pipelines upgrade for Calgary and Edmonton; project has been approved by Alberta Utilities Commission, will relocate high-pressure lines to utility corridors from densely developed neighbourhoods
+ Aveda Transportation and Energy Services Inc. closed its acquisition of M&K Hotshot Trucking Inc. and M&K Rig Service Inc.; US$ 38 million plus future considerations
+ Baytex Energy Corp. agreed to acquire Aurora Oil & Gas Limited US$2.4 billion
+ BC LNG – a Reality Check, by David Hughes discusses viability …
+ Calgary Economic Development, with $5 million seed funding from the Government of Alberta is supporting development of a film studio … long long long time coming, this project is expected to cost $22.8 million, scheduled to open summer 2015
+ Canada Pension Plan Investment Board is opening an office in Brazil
+ Ceiba Energy Services Inc. closed its $2.5 million acquisition of Cam-Star Resources (1990) Ltd.
+ CBRE published its 2014 Canadian Market Outlook
+ Chesapeake Energy Corp. announced its 2014 CapEx Budget is US$5.2 billion
+ CN Rail and Teamsters Union reached a tentative agreement, strike of 3,000 workers averted
+ H&R Reit, Encana and Cenovus to build a public plaza on site of old York Hotel site instead of planned 2nd tower
+ Halliburton and Newalta Corporation formed a JV to offer innovated liquid waste solutions on the Western Canadian Sedimentary Basin
+ Heenan Blaikie LLP law firm dissolving
+ High Arctic Energy Services Inc. announced its 2014 CapEx Budget is $19 million
+ Husky Energy announced it will go forward with $300 million expansion of its heavy crude processing capacity at its Lima, Ohio refinery
+ Hyperion Exploration Corp. closed its sale of non-core Chip Lake assets for $3.4 million
+ Koch Oil Sands Operating ULC filed application for a new in-situ ‘Dunkirk’ SAGD project located 76 km. west of Fort McMurray
+ Lignol Energy Corporation closed its acquisition of 45% interest in Territory Biofuels Limited to now hold 100%
+ Lone Pine Resources Inc. completed its restructuring under CCAA protection – debt reduced from $395 million to $90 million
+ Nova Scotia established a Fracturing Review Panel
+ Paul First Nation and Focus Equities Inc. developing a 1,000 Megawatt natural gas fired Great Spirit Power Project at Duffield (70 km west of Edmonton) with intent to sell power into the grid; completion scheduled for 2017
+ Perpetual Energy Inc. announced its 2014 CapEx Budget is $70 million
+ Questor Technology Inc. acquired ClearPower Systems Inc. for US$900,000
+ Renegade Petroleum Ltd. announced its 2014 CapEx Budget is $58 million
+ Saskatchewan February land sale netted the government of Saskatchewan $50.69 million (contrasted with $67.37 in all of 2013)
+ Statoil is slashing its future growth plans due to reduced earnings; set 2014 CapEx Budget at US$20 billion
+ Storm Resources Ltd. closed its acquisition of Umbach-Nig area assets in the Montney for $87.9 million
+ Sun Life Financial Inc. restructured its asset management activities – Sun Life Investment Management Inc.; currently managing over $100 billion in assets
+ Tanager Energy Inc. agreed to acquire a central Alberta portfolio of oil & gas properties for $9 million
+ Tuscany International Drilling Inc. and related companies filed for Chapter 11 Bankruptcy protection in Delaware to start a restructuring process
+ U.S. government wrestling with debt-crisis again, at risk of default by end of month  … tic toc
+ Walmart Canada will add 35 supercentre projects over next 24 months; investing $500 million in new store projects, distribution facilities and expansion of fresh food capacity including a new 500,000 sq. ft. distribution centre at Crosspointe Industrial Park – StuartOlson Dominion to construct
+ WestJet Airlines Ltd. adopted an advance notice by-law to limit shareholders nominating directors



 SHAREHOLDER MEETINGS

 
+ Feb 11; Bank of Nova Scotia, Annual Meeting of Shareholders, Kelowna
+ Feb. 19; Caspian Energy Inc., Special Meeting of Shareholders, Calgary
+ Feb. 26; Royal Bank of Canada, Annual Meetings of Common Shareholders, Toronto
+ Apr. 23; Celestica Inc., Annual General Shareholders Meeting, Toronto
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

 

+ Feb. 11; Government of Canada – 2014 Budget Speech, Ottawa
+ Feb. 15; FRESH START Recovery Centre - BIG BAND DINNER & DANCE fundraiser - see classifieds
+ Feb. 19 & 20; BUILDEX Vancouver, Vancouver Convention Centre; register/info
+ Feb. 20; Vancouver Real Estate Forum, Vancouver Convention Centre; register/info
+ Feb. 26; Royal Bank of Canada, Annual Meetings of Common Shareholders, Toronto
+ Mar. 5-7; World Heavy Oil Congress 2014, New Orleans; info/register
+ Mar. 6; Alberta 2014 Budget Speech, Legislature, Edmonton
+ Mar. 11 – 13; COSIA – 2014 Oil Sands Water Conference and Workshops, Edmonton; info/register
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ Mar. 25; Green Real Estate conference, Metro Toronto Convention Centre, register/info
+ April 10; 2nd Annual CanTech Conference, Metro Toronto Convention Centre; register/info - full program
+ Apr. 15-16; Kindersley/2014, Municipal Infrastructure Conference, Kindersley, info/register
+ Apr. 25-26; World Economic Forum regional meeting on energy, climate change and innovation, Lake Louise
+ May 8; Edmonton Real Estate Forum, Shaw Convention Centre, Edmonton, register/info
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ June 11; OPEC, 165th Ordinary Meeting, Vienna, Austria
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 QUOTES

 

“Friendships born on the field of athletic strife are the real gold of competition. Awards become corroded, friends gather no dust.” – Jesse Owens
 
“Winning a competition in architecture is a ticket to oblivion. It’s just an idea. Ninety-nine per cent never get built.” – Daniel Libeskind 
 
“If it is not seemly, do it not; if it is not true, speak it not.” – Marcus Aurelius

FACILITYCalgary
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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 Bruce Burrell  , Fire Chief and Director of Calgary Emergency Management Agency
 
Last week's conversation with Ralph Huizinga, VP Acquisitions & Development Western Canada @ First Capital Realty Inc.
 

Archived conversations 



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 SPONSORSHIP INQUIRIES:
 
kolke@facilitycalgary.com



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SHAKERS AND MOVERS

 

+ Alec McColm to Gen. Mgr. Property Mgmt. @ OPUS Corporation
+ Ben Bernanke to Distinguished Fellow in Residence @ Brookings Institution
+ Bill Cheung to Sr. Measurement & Regulatory Advisor @ Zedi Inc.
+ Chris Plosz to Sr. VP Development @ Hopewell Residential
+ Craig Mode to Directore @ Tricon Capital Group
+ Dan Saville to Principal, Infrastructure Practice @ Arup
+ Dave Filipcuk to Pres. & COO Canadian & Australian Operations @ PCL Construction
+ David Andison to COO @ SBI Offshore Limited
+ Doug McMillan to Sr. VP Operations @ Relentless Resources Ltd.
+ Ed Cas to Chief Investment Strategist @ Canada Pension Plan Investment Board
+ Greg Hemstad to Associate, Red Deer @ Collins Barrow
+ Hugh Thomson to VP Finance & CFO @ Relentless Resources Ltd.
+ James Doody to Pres. & CEO @ BNP Resources Inc.
+ James Early to Partner @ Parlee McLaws LLP
+ Jason Munro to Pres @ GASFRAC Energy Services Inc.
+ Jim Dougan to Pres. Eastern Canadian Buildings & Civil Infrastructure @ PCL Construction
+ Jonathan Ellenzweig to Managing Dir. @ Tricon Capital Group
+ Ken Lee to COO @ Hopewell Residential
+ Kenny Watt to Sr. VP McCoy Global @ McCoy Corporation
+ Kent Davidson to Chairman @ Miller Thomson LLP
+ Luis Ventoza to COO, Civil Infrastructure @ PCL Construction
+ Lyle Wilpon to Chief, U.S. Mergers & Acquisitions Group @ Bank of Montreal
+ Kris Hildebrand to Pres., Western Canadian Buildings & Civil Infrastructure @ PCL Construction
+ Mandy Lunn to Project Mgr. @ Caltech Surveys Ltd.
+ Mark MacDonald to Project Mgr. @ Caltech Surveys Ltd.
+ Rob Holmberg to COO, Buildings @ PCL Construction
+ Ronald Peshke to Pres. @ Relentless Resources Ltd.
+ Rory Russell to CEO @ Range Resources
+ Sandy Taylor to Pres., Power Group @ SNC-Lavalin
+ Satya Nadella to CEO @ Microsoft Corp.
+ Ted Egawa to Pres. & CEO @ Canon Canada Inc.
+ Theresa Meadows to Associate @ Shores Jardine LLP
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Carlos Morales, Exploration & Production @ Pemex, resigned
+ Daniel Wilson, Pres. @ Relentless Resources Ltd., stepped down
+ Gregory Bilcox, Pres. & CEO @ BNP Resources Inc., retired
+ Jim Nowotny, Sr. VP Drilling & Completions @ McCoy Corporation, left the company
+ Pradeep Nathwani, CFO @ Relentless Resources Ltd., stepped down
+ Tim O’Rourke, COO @ GASFRAC Energy Services Inc., stepped down



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Abby Badwi, Director @ MENA Hydrocarbons Inc., resigned
+ Ann Giardini to Director @ Sustainable Forestry Initiative
+ David Parry to Director @ MENA Hydrocarbons Inc.
+ Gregory Bilcox, Director @ BNP Resources Inc., retired
+ Guirguis Ropheal to Director @ MENA Hydrocarbons Inc.
+ Gren Schoch, Director @ Aurora Oil & Gas Limited, resigned
+ Jason Bednar, Director @ MENA Hydrocarbons Inc., resigned
+ Kevin Grayston to Director @ Northern Property REIT
+ Mark Ross to Director @ MENA Hydrocarbons Inc.
+ Merfyn Roberts to Director @ MENA Hydrocarbons Inc., resigned
+ Ronald Peshke to Director @ Relentless Resources Ltd. 



FINANCINGS - proposed & closed

 

+ Alhambra Resources Ltd. is on the market to raise $5.0 million in equity
+ Alter NRG Corp. closed $5 million in equity financing
+ Baytex Energy Corp. is on the market to raise $1.3 billion in equity
+ Blackline GPS Corp. is on the market to raise $3 million in equity
+ Cardinal Energy Ltd. closed 28 million equity financing
+ Choice Properties REIT closed $450 million sr. unsecured debt financing
+ Elkwater Resources Ltd. secured $4.1 million sr. credit facility
+ Firm Capital Property Trust closed $7.3 million final tranche of its equity financing
+ Holloway Lodging Corporation secured $17 million credit facility
+ Intermap Technologies Corporation closed US$5 million convertible debt financing
+ Hyperion Exploration Corp. secured $40 million credit facility
+ Kensington Power Income Fund L.P> closed $41 million equity financing
+ Peyto Exploration & Development Corp. closed $160 million equity financing
+ Seven Generations Energy Ltd. closed US$ 321 million senior debt financing
+ Sunshine Oilsands Ltd. closed $10.9 million common shares & warrants issue
+ Surge Energy Inc. closed $70,005,600 equity financing



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NEWS TODAY 
 February 11 / 2014 


 

+ Alberta’s top 65 Employers for 2014
+ BA Energy Inc. filed regulatory application to amend Heartland Upgrader Project planned product mix, to produce lighter crude
+ current energy prices: live link to Bloomberg.com commodities data ; oil about US$100/barrel for first time this year, spot prices for natural gas spiking due to extremely cold weather in U.S.
+ Euro-zone … 15 yrs. on; Brookings Institution outlook for future of Euro
+ Government of Alberta announced more new schools projects; 10 new schools and one modernization in Calgary, four new schools for Edmonton – full details
+ Government of Canada – Finance Minister Flaherty’s budget speech tonight
+ Homburg Invest Inc. restructuring continues to drag on; CCAA protection extended to March 11th
+ Longview Oil Corp. engaged advisors to deal with an unsolicited takeover bid
+ Longview Oil Corp. adopted a shareholders rights plan
+ REALpac Real Estate Investment Forum/IPD Canada Annual Property Index presentation, Glen Gould Studio, CBC Toronto



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 INFRASTRUCTURE / P3 / GREEN


 

+ Paul First Nation and Focus Equities Inc. developing a 1,000 Megawatt natural gas fired Great Spirit Power Project at Duffield(70 km west of Edmonton) with intent to sell power
 
+ high speed rail link between Calgary and Edmonton getting lots of press ink – again; project seems to surface every time proponents sense the government might have some funds for it as opinion seems widespread, from $5 billion to $20 billion, from brilliant to boondoggle, all while the province hasn’t yet paid for the flood damage … so lets say a combination of lousy timing, strange politics and ongoing lobbying by Seimens, Bombardier and every other supplier of technology and making donations to the Van Horne institute
 
+ Government of Alberta announced more new schools projects; 10 new schools and one modernization in Calgary, four new schools for Edmonton – full details



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Space for Life Architectural Competitions – 3 major LEED-measured projects for Montreal’s 375th anniversary in 2017; Stage 1 Call For Proposals due March 20, 2014
 
+ Panama Canal expansion work halted – Spanish-led (Sacyr) consortium as talks broke down over responsibility for funding the projected US$1.6 billion cost overrun



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