+ Feb. 10; Vicwest Inc., Debenture Holders Meeting, Toronto

+ Feb. 10; Bank of Nova Scotia, Annual and Special Meeting of Shareholders, Ottawa

+ Feb. 24; Crown Point Energy Inc., Shareholder Meeting/Takeover Bid, Calgary

+ Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

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

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

+ May 12; Karnalyte Resources Inc., Annual General and Special Meeting of Shareholders, Saskatoon

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

+ Andre Bourbonnais to Pres. & CEO @ Public Sector Pension Investment Board

+ Bernadita Tamura-O’Connor to Partner @ Lawson Lundell LLP

+ Bruce Graham, CEO @ Calgary Economic Development, stepping down

+ Chris McNelly to CEO @ Human Resources Institute of Alberta

+ Colin Taylor to VP, Land @ Mapan Energy Ltd.

+ Dana Coffield, Pres. & CEO @ Gran Tierra Energy, terminated

+ Daniel Zalmanowitz to Judge, Edmonton @ Provincial Court of Alberta

+ David Hancock to Of Counsel @ Dentons Canada LLP

+ David Swann to Interim Leader @ Liberal Party of Alberta

+ Duncan Nightingale to Interim Pres. & CEO @ Gran Tierra Energy

+ Jason James, VP Finance & CFO @ MATRRIX Energy Technologies, resigned

+ Larry Lindholm, Director @ GasFrac Energy Services Inc., resigned

+ Mark Williamson, Interim CEO @ GasFrac Energy Services Inc., resigned

+ Mike McGonagill, Sr. VP & COO @ Alliance Pipeline Inc. retired

+ Roger Renaud to Pres., Canada @ Manulife Asset Management

+ Shane Weimer to Partner @ BDO

+ Shirley Anthony to VP Corp. Communications @ TVI Pacific Inc.

+ Stephen Sanderson to CEO @ UK Oil & Gas

+ Thierry Vandal, Pres. & CEO @ Hydro-Quebec announce a May/2015 retirement

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

+ Greg Boland, Director @ Connacher Oil and Gas Limited, resigned

+ Jeffrey Scott to Executive Chair @ Gran Tierra Energy

+ Jerry Brennan Jr. to Director @ Hemostemix Inc.

+ Joel Dumaresq to Directore @ Parkit Enterprise Inc.

+ Joseph Rotman, Founder & Director @ Clairvest Group Inc., died

+ Mark Williamson, Chairman @ GasFrac Energy Services Inc., resigned

+ Russell Roberts, Director @ Golden Band Resources Inc., resigned

+ Patrick Downey to Director @ Claude Resources Inc.

+ Sarah Jane O’Shea to VP Asset Mgmt. @ Allied Properties REIT

+ Scott Price to Lead Independent Director @ Gran Tierra Energy

+ Tyrone Boers to VP Acquisitions @ Allied Properties REIT

+ Wayne Jacobs, Exec. VP Acquisitions & Asset Mgmt. @ Allied Properties REIT, stepping down

+ William Fatt to Director @ Scotiabank

+ Allied Properties REIT closed $86 million equity financing

+ Allied Properties REIT secured $300 million credit facility

+ BTB REIT acquired an industrial property in Ottawa (sale-leaseback) for $12.6 million

+ BTB REIT acquired a good anchored shopping centre in Delson, a Montreal suburb, for $21.5 million

+ Canadian Apartment Properties REIT closed its acquisition of 270 unit portfolio in Dublin, Ireland for €87.3 million

+ H&R REIT is on the market to raise US$125 million in sr. unsecured debt

+ InterRent REIT agreed to acquire a 280-suite high-rise on the Island of Montreal (going in Cap rate is 5.6%)

+ InterRent REIT agreed to acquire a 286-suite portfolio in Ottawa for $27.75 million (going in Cap rate is 5.6%)

+ Milestone Apartments REIT agreed to acquire Heritage on Millenia, 303-unit project in South Orlando, FL for US$40 million

+ NorthWest International Healthcare REIT completed its management internalization

+ WPT Industrial REIT closed US$46,575,000 equity financing

FACILITYCalgary
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updated ... February 3, 2015

crude oil up 2^nd day in row | CapEx budgets | Nenshi world’s #1 Mayor |NWT land auction | prime rate drops | REIT NEWS | restructurings and purges |  upcoming events & corp. meetings + financings + executive appointments + Frances Wright interview  >>>>

+ Imperial Oil Limited announced it will start production on its $8.9 billion Kearl expansion project nine months early and expects first oil from its $2 billion Nabiye project within months

+ WorleyParsonsCord landed $135 million contract for an undisclosed oil sands mining project

+ Holloway Lodging Corp. acquired the Ramada Hotel in Whitehorse, YK for $8.2 million; going in cap rate is 11.5%

+ HOOP acquired 50% interest in two Ontario malls to now hold 100%; Quinte Mall in Belleville and Devonshire Mall in Windsor

+ InnVest REIT, KingSett Capital consortium closed acquisition of 80% interest in Royal York Hotel from Ivanhoé Cambridge for $186.5 million

+ Ivanhoé Cambridge and Edmonton International Airport unveiled plans for an Outlet Centre to open in 2017; 415,000 sq. ft. project will have 100 outlet brands

+ Ivanhoé Cambridge and Veritas Investments Inc. acquired 11 multi-residential properties in San Francisco, CA

+ Wyndham Hotel Group acquired Dolce Hotels and Resorts for $57 million

“Recovery begins from the darkest moment.” – John Major

“Suffering isn’t ennobling, recovery is.” – Christiaan Barnard

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+ American Eagle Energy Corporation closed sale of non-core North Dakota assets for US$9.5 million

+ Arcan Resources Ltd. debentureholders approved a shares-for-debt deal, cancelling options and converting $86.25 million in debt to equity

+ ATB Financial – THE OWL … Daily Economic Comment

+ Bankers Petroleum Ltd. announced its 2015 CapEx Budget is US$153 million, down from US$218 million earlier announced

+ Bellatrix Exploration Ltd. announced its 2015 CapEx Budget is $200 million, revised from $300 million announced previously

+ Bonterra Energy Corp. announced its 2015 CapEx Budget is $58 million, down from $140 million in 2014

+ Candax Energy Inc. established a board committee to oversee a strategic review

+ Cenovus Energy Inc. reduced its 2015 CapEx Budget to $1.8 billion, down $700 million from earlier announcements

+ CERF Incorporated announced its 2015 CapEx Budget is $7.3 million

+ CHC Realty Capital Corp. changed its name to CHC Student Housing Corp.

+ Chevron Corp. announced its 2015 CapEx Budget is US$35 billion, down 13% over 2014

+ CNOOC announced its 2015 CapEx Budget is US$17.4 billion

+ Connacher Oil and Gas Limited announced a proposed recapitalization process, exchanging shares for debt and convertible debt

+ Connacher Oil and Gas Limited announced its 2015 CapEx Budget is $30 million

+ current energy prices: live link to Bloomberg.com commodities data ; inter-day trading saw Brent hit US$61/barrel, U.S. crude hit US$59/barrel as market is not over-sold for the first time in months on news of falling rig counts, reduced U.S. production … tic toc …

+ Edge Resources Inc. completed its Eye Hill East facility

+ EnerLink Midstream Partners LP agreed to acquire Permian Basin natural gas gathering system and processing facilities from Coronado Midstream LLC for US$600 million

+ Ensign Energy Services Inc. announced a reduction of its 2015 CapEx Budget to $220 million

+ Ikkuma Resources Corp. announced an amended 20155 CapEx Budget of $23 million, down from $46 million announced previously

+ Imperial Oil Limited is evaluating a new operating model for 500 service stations it owns as well as its On the Run brand

+ Imperial Oil Limited announced its 2015 CapEx Budget is $4 billion, down $1.65 billion from last year

+ Inter Pipeline Ltd. completed expansion projects on its Cold Lake and Polaris systems

+ Manulife Financial Corporation closed its acquisition of Canadian-based operations of Standard Life plc

+ Mattamy Group Corporation closed its $335 million acquisition of Monarch Corporation

+ MATRRIX Energy Technologies Inc. announced its 2015 CapEx Budget is zero!

+ Naheed Nenshi named World's #1 Mayor by City Mayors Foundation

+ Northwest Territories are launching their first energy exploration rights auction since securing rights to do so last April; auction closes June 2

+ Pan Orient Energy Corp. sold a 50% interest in its Pan Orient Energy (Siam) Ltd. to Sea Oil Public Company Limited for US$42.5 million

+ Platino Energy Corp. announced its 2015 CapEx Budget is US$6 million

+ Prentice watch: Premier Prentice and his cabinet members took a voluntary 5% pay cut; trying to persuade all MLA’s to take a similar cut

+ prime rate reductions – reduction by 15 basis points to 2.85% from 3.0%: B2B Bank, CIBC, Desjardins Group, Laurentian Bank of Canada, National Bank of Canada, RBC Royal Bank, Scotiabank, TD Canada Trust

+ PSAC predicts 2015 drilling will decline 24%; forecast is for 7,650 wells in Canada for 2015

+ Royal Dutch Shell announced a three-year, US$15 billion spending cut due to recent low crude prices

+ Royal Dutch Shell announced it is reviving its plans for drilling in the Arctic Ocean in Alaska’s Chukchi Sea

+ Sonde Resources Corp. made an assignment in bankruptcy; FTI Consulting Canada Inc. appointed as Trustee in Bankruptcy

+ Tamarack Valley Energy Ltd. announced its 2015 CapEx Budget is $47 million

+ Whitecap Resources Inc. announced a revised 2015 CapEx Budget of $200 million

+ Woodside Energy Holdings Pty Ltd. got its 25-year LNG export licence approved by the NEB; licence is for Grassy Point project near Prince Rupert, BC

+ WorleyParsonsCord landed $135 million contract for an undisclosed oil sands mining project

+ Allied Properties REIT closed $86 million equity financing

+ Allied Properties REIT secured $300 million credit facility

+ ARC Resources Ltd. closed $52 million overallotment of its recent equity financing

+ Boralex Inc. closed $13,467,600 overallotment of its recent equity financing

+ Brompton Oil Split Corp. is on the market to raise $150 million in equity

+ Canadian Pacific Railway Limited is on the market to raise US$700 million in debt

+ Canadian Real Estate Investment Trust is on the market to raise $100 million in sr. unsecured debt

+ Choice Properties REIT is on the market to raise $250 million in sr. unsecured debt

+ GasFrac Energy Services Inc. secured $39.5 million credit facility under CCAA protection

+ Gaz Metro secured $800 million credit facility

+ H&R REIT is on the market to raise US$125 million in sr. unsecured debt

+ NCE Diversified Flow-Through (15) LP is on the market to raise $50 million in equity

+ Northland Power Inc. closed $7.5 million overallotment of its recent convertible debt financing

+ Pembina Pipeline Corporation closed $600 million in unsecured debt

+ Robix Alternative Fuels Inc. closed $1,706,675 common share & warrants issue

+ Royal Bank of Canada closed $600 million preferred share issue

+ Synergy Resources Corporation closed US$190.7 million equity financing

+ WPT Industrial REIT closed US$46,575,000 equity financing

+ Alterra Power Corp. closed US$8.5 million sale of its Soda Lake geothermal facility in Fallon, Nevada to Cryq Energy Inc.

+ Porter Aviation Holdings Inc. sold Bill Bishop Toronto City Airport passenger terminal to Nieuport Aviation Infrastructure Partners

+ Infrastructure Ontario selected Blackbird Infrastructure Group [Holcim, Dufferin Construction, Urban Systems, AIA Engineers and Louis Berger Group] to design, build, finance and maintain Highway 407 East Phase 2 Project 

+ Infrastructure Ontario awarded $301 million contract to design, build and finance St. Michael’s Hospital’s 150,000 sq. ft. renovation and new 17-storey patient care tower to Bondfield Construction