FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP

 PAST WEEK NEWS REVIEW 
 Jan. 7 - 13 


 

+ Alberta’s first land sale of 2014 netted $22.51 million for the Government of Alberta
+ ATB Financial – Daily Economic Comment
+ Arsenal Energy Inc. announced its 2014 CapEx Budget is $37.7 million
+ Baker Hughes rig counts show natural gas rigs in action dropped by 15 to 357
+ Bank of Canada released its Winter Issues of the Business Outlook Survey and Loan Officer Survey
+ Canadian Natural Resources Limited announced it is withdrawing its Montney assets from the market due to insufficient interest
+ Carbon Copy Digital celebrating 35 yrs. in business; trips and prizes - details/website
+ CIBC completed its acquisition of Atlantic Trust Private Wealth Management for US$ 210 million
+ CNR trail derailed in New Brunswick; brake failure reported as cause of crash and fire involving crude and propane carrying cars; fire extinguished on Friday
+ CWC Well Services Corp. announced its 2014 CapEx Budget is $10.3 billion
+ EmberClear Corp. defaulted on its senior convertible unsecured debentures due Dec. 31
+ Enbridge Inc. investing US$ 200 million in new 110MW Keechi Wind Project in Texas; 100% of power production under 20 yr. contract to supply Microsoft
+ GFL Environmental Inc. acquired The Garbage Company Inc.
+ Government of Alberta committed to invest up to a further $1 billion in the $8.5 billion Sturgeon Refinery – JV with Northwest Upgrading and CNRL
+ Husky Energy Inc. confirmed it will go forward with two new heavy oil thermal projects in Saskatchewan; SAGD projects at Adam East and Vawn are each expected to produce 10,000 barrels/day
+ Industrial and Commercial Bank of China, world’s largest bank, opened a branch in Calgary
+ Janet Yellen’s appointment as the first woman to Chair the U.S. Federal Reserve got U.S. Senate confirmation
+ JPMorgan Chase & Co. agreed with prosecutors to pay US$1.7 billion to victims for its criminal responsibility in the Bernard Madoff ponzi scheme case
+ Keyera Corp. announced a $220 million expansion plan for its C3+ fractionation operation at Fort Saskatchewan
+ Kohlberg Kravis & Roberts Company opened its first Canadian office in Calgary, to focus on energy investments
+ Lone Pine Resources Inc. got court approval for its restructuring plan under CCAA
+ Lundin Petroleum AB announced its 2014 CapEx Budget is US$2.1 billion
+ Melrose Café and Bar, a 17th Avenue institution, closed after 23 yrs. in business
+ Parkland Fuel corp. closed its $113 million acquisition of SPF Energy Inc.
+ PBF Energy announced plans to double its crude-by-rail capacity in 2014, from 40,000 barrels/day to 80,000 barrels/day
+ Plaza Retail Properties Ltd. completed its conversion to a REIT; now known as Plaza Retail REIT
+ Rogers Oil & Gas Inc. sanctioned by Alberta Securities Commission – decision
+ Rutter Inc. announced it has an unsolicited take-over bit by an insider group
+ SandRidge Energy Inc. agreed to sell its Gulf of Mexico assets to Fieldwood Energy for $750 million
+ Sandvik agreed to acquire Varel International Energy Services for US$740 million
+ Strad Energy Services Ltd. announced its first-half 2014 CapEx Budget is $17 million
+ Temple Hotels Inc. closed its acquisition of Nova Court hotel in Yellowknife from Lanesborough REIT for $21.68 million
+ TransCanada Corporation announces its 700,000 barrels/day Gulf Cost crude oil pipeline (southern leg of Keystone XL) project will start up with 10 days
+ U.S. cold snap is good for Canadian business: natural gas prices up, Bakken-Texas production slowdowns due to brutally cold weather
+ U.S. President Obama ordered a review of U.S. energy infrastructure in the face of pressure to approve Keystone XL and reviews of crude export bans; observers wonder if significant decisions will be delayed until after Nov./14 mid-term elections
+ Whitecap Resources Inc. closed its $2.8 million acquisition of Viking light oil access
+ 2013 well licenses across Canada declined to 15,866 in 2013, down 4.67% from 16,644 in 2012



 QUOTES

 

“There is no bullet-proof vest in my size.” – Ariel Sharon
 
“Humour is one of the best ingredients in survival.” – Aung San Suu Kyi



 KUDOS

 

+ to WestJet – named 2014 Value Airline of the Year by Air Transport World
 
+ to Scott Land & Lease Ltd. – top buyer of Crown land for 2013; $352.55 million (of which $271.47 million was for Alberta acreage)



 SHAREHOLDER MEETINGS

 

+ Jan. 23; Ecopetrol S.A., Extraordinary Shareholders Meeting, Bogota
+ Jan. 30; Alberta Real Estate Association, Annual General Meeting, Leduc
+ Feb. 19; Caspian Energy Inc., Special Meeting of Shareholders, Calgary
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary Board of Education committed to rebuild flood damaged Elbow Park School; cost will be $14 million+ … some historical features to be retained; Government of Alberta has already funded $5 million for portable classrooms
 
+ Ontario government gave green light to long-awaited new hospital near Niagara Falls;  –five hospitals in Southern Ontario will permanently close their doors and be replaced with a new acute-care centre for the Niagara Health System. The province is providing funding of $26.2-million



CLASSIFIED ADS ... coming soon

FACILITYCalgary
current week data - fresh
 every Tuesday morning


CONVERSATIONS

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 Tony Militano  , President, CarbonCopy Digital
 
Last  week's conversation with Kirk Bacon , Deputy Executive-Director, Real Estate Council of Alberta
 

Archived conversations 



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



Please Join Our Mailing List
» sign up to get FACILITYCALGARY weekly by email
For Email Marketing you can trust



SHAKERS AND MOVERS

 

+ Andy Inglis to CEO @ Kosmos Energy
+ Bill Gerber to VP Drilling @ Questerre Energy Corporation
+ Brent Heagy to CFO @ Inter Pipeline Ltd.
+ Brian Recatto to Pres. U.S. Operations @ Gibson Energy Inc.
+ Chris Dambrowitz to Assoc. VP Research & Innovation @ NAIT
+ Domenic Vivolo to Exec. VP Content Sales @ Bell Media
+ Donald Raymond to Hedge Fund Mgr. @ Alignvest Management Corp.
+ Doug Wilkins to Chief Commercial Officer @ Gibson Energy Inc.
+ Eric Geppert to VP Exploitation @ Questerre Energy Corporation
+ Frank Walsh to COO @ Questerre Energy Corporation
+ Greg Harper to Pres., Gas Pipelines & Processing @ Enbridge Inc.
+ Jason Anderson to Sr. VP Marketing @ The Cadillac Fairview Corporation Limited
+ John Hammond to Exec. Compensation Leader @ Towers Watson
+ Karl Wilberg to to Judge, Edmonton Region @ Provincial Court of Alberta
+ Kevan Gorrie to Co-CEO @ Pure Industrial REIT
+ Kim Anderson to CFO @ Athabasca Oil Corporation
+ Michael Strople, COO @ MTS Allstream to Pres.
+ Queenie Lung to Partner @ GEC Architecture
+ Rob Wenarchuck to Partner @ GEC Architecture
+ Richard Mindus to VP Facilities & Field Operations @ Questerre Energy Corporation
+ Rick Wise to COO @ Gibson Energy Inc.
+ Sean Durfy to Pres. & Chief Dev. Officer @ Northland Power Inc.
+ Steven Bilodeau to Jusge, Criminal Court Edmonton @ Provincial Court of Alberta
+ Sue Lemon to CEO @ CFA Society of Toronto
+ Tom Reikman to COO @ Economical Insurance 

[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]




RESIGNED, DIED or GOT THE BOOT

 

+ Brian Jean, MP for Fort McMurray-Athabasca, resigned his seat
+ Dean Prevost, Pres. @ MTS Allstream, stepped down
+ John Rook, CEO @ Calgary Homeless Foundation, stepped down
+ Rob Morrison, COO @ Questerre Energy Corporation, resigned



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Gary Bugeaud to Director @ Raging River Exploration Inc.
+ Grant Fagerheim, Director @ Sintana Energy Inc., resigned
+ Malik Youyou to Vice-Chairman @ Deep Well Oil & Gas Inc.
+ Richard Pinder to Director @ Questor Technology Inc.



FINANCINGS - proposed & closed

 

+ AltaGas Ltd. closed $300 million sr. unsecured debt financing
+ Chemtrade Logistics Income Fund is on the market to raise $300 million
+ Cominar REIT is on the market to raise $100 million in sr. unsecured debt
+ Long Run Exploration Ltd. is on the market to raise $75 million in convertible unsecured debt
+ Passport Energy Ltd. is on the market to raise $30 million in equity
+ Pembina Pipeline Corporation is on the market to raise $250 million in a preferred share offering
+ Petrolympic Ltd. closed $945,000 financing
+ Sunshine Oilsands Ltd. closed $10.8 million common share & warrants issue
+ Surge Energy Inc. is on the market to raise $70 million in equity
+ TransCanada is on the market to raise $450 million by a preferred share issue



 SAVE THE DATE / upcoming events

 

+ Feb. 19 & 20; BUILDEX Vancouver, Vancouver Convention Centre; register/info
+ Feb. 20; Vancouver Real Estate Forum, Vancouver Convention Centre; register/info
+ 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
+ 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 ]



FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2014 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:
http://maxcomm.co
http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  


NEWS TODAY 
 January 14 / 2014 


 

+ AMEC agreed to acquire Foster Wheeler for US$3.2 billion
+ Calgary City Council approved rezoning to permit construction of TELUS Sky project; 58 storey building office/apartment mix to be built on Art Central site; 750,000 sq. ft. building to be complete by fall 2017
+ Canada’s Office of the Superintendent of Financial Institutions to oversee banks participating in CDOR (Canadian Dealer Offer Rate) in wake of LIBOR scandal
+ Canadian Oil Sands Ltd. announced its turnaround plans for its upgrader (coker 8-2) will occur in the 2nd qtr 2014; project will take 3 months
+ CFFBank is the new name for MonCana Bank of Canada
+ current energy prices: live link to Bloomberg.com commodities data ; natural gas futures up 4% on cold weather forecasts, Brent down sharply, U.S. crude down $1 on two news items: resumption of production from North Sea Buzzard field (Nexen) AND news of Iran’s deal to curb its nuclear program which will in turn lift sanctions
+ Finance Minister Flaherty says 45,900 Canadian job losses in Dec. indicate economic recovery is still frail
+ Government of Alberta signed a trade agreement with State of Punjab, India; meanwhile stories out of India indicate India is shopping for long term oil supply contract . . . tic toc
+ Husky Energy Inc. refinery in Lima, Ohio suspended operations after power outage and chemical release
+ Lignol Energy Corporation agreed to acquire the 45% of Territory Biofuels Limited it did not already own to control 100%
+ nominations are open for Alberta Order of Excellence; nominate someone worthy
+ Richardson GMP Limited agreed with Dundee Goodman Private Wealth for 60 investment advisors and support to staff to transfer to Dundee Goodman
+ Surge Energy Inc. agreed to acquire $109 million in SE Saskatchewan light oil assets
+ Surge Energy Inc. increased its 2014 CapEx Budget to $116 million
+ Total SA confirmed it has taken a 40% interest in two UK shale gas exploration plays; first major to invest in UK shale
+ TransCanada Corporation and State of Alaska looking to partner in an LNG export project; capital cost to be US$65 billion
+ U.S. House-Senate negotiators rolled out a US$1.1 trillion spending bill to entrench its budget negotiations in law and calm financial markets
+ Valard Construction awared contract to install transmission infrastructure in Christina Lake Area Development (Conklin and Lac La Biche); 62 miles of 240-kilovolt transmission lines to be completed 1st qtr. 2015



 SPONSORSHIP INQUIRIES:
 
kolke@facilitycalgary.com



 sponsors of this week's issue:

CONTACT PIVOTAL
 
PROJECT MANAGEMENT




CONTACT REGUS
 
BUSINESS CENTERS



CONTACT PREMIERE VAN LINES
 
OFFICE MOVERS



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONNECT WITH SERVPRO
JANITORIAL SERVICES



Pekarsky Stein, Alberta's Leading Boutique Search Firm
 
info@pekarskystein.com
 
SEARCH FIRM



CONTACT OMICRON
 
ARCHITECTS



PLANDflex CORPORATION
PROJECT MANAGER / P3 / PUBLISHER

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025