+ Christin Giebelhaus to Partner @ Collins Barrow Calgary LLP

+ Dana Benner, Managing Dir. Research and Energy Services @ AltaCorp. Capital Inc., resigned

+ Darcy Reynolds to VP Finance @ AKITA Drilling Ltd.

+ David Delaney, COO @ Potash Corporation of Saskatchewan Inc., retiring

+ David MacNaughton to Ambassador to the United States @ Government of Canada

+ Elaine Lajeunesse to Chief Risk Officer @ Economical Insurance

+ Greg Framke to Chief Information Officer @ Manulife Financial Corporation

+ Huibert Vigeveno to Transitional CEO @ BG Group, being acquired by Royal Dutch Shell plc

+ Ian McHoul to CEO @ Amec Foster Wheeler

+ Jennifer Hollis to Partner @ Collins Barrow Calgary LLP

+ Larry Lachance to VP Safety and Quality @ NAV Canada

+ Laura Foster to Interim CFO @ Toronto Hydro Corporation

+ Meghan Meger to Pres. Private Banking 1859, Western Canada @ National Bank of Canada

+ Murray Roth, VP Finance & CFO @ AKITA Drilling Ltd., retired

+ Peter Mann to Co-Chief Investment Officer @ Gluskin Sheff + Associates Inc.

+ Peter Zaltz to Co-Chief Investment Officer @ Gluskin Sheff + Associates Inc.

+ Rob McClean to Pres. & CEO @ Amex Bank of Canada

+ Rob McClean to Pres. & Gen. Mgr. @ Amex Canada Inc.

+ Rob Thurgur to VP Operations @ NAV Canada

+ Samir Brikho, CEO @ Amec Foster Wheeler, sacked

+ Wendy Sunderland to VP Private Banking 1859 @ National Bank of Canada

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

+ Chris Dyakowski, Director @ Renaissance Oil Corp., resigned

+ Karen Sheriff to Director @ WestJet Airlines Ltd.

+ Vadim Jivov to Director @ Renaissance Oil Corp.

+ Jan. 23; PSAC STARS & SPURS Gala, BMO Centre, Stampede Park, Calgary; tickets

+ Feb. 23; Real Capital Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Feb. 23; RICS 2^nd Annual Construction & Project Manager Seminar, U of C Downtown Campus, Calgary; info/register

+ Feb. 26-28; 2016 Calgary Home + Garden Show, BMO Centre, Stampede Park, Calgary info/register

+ Feb. 26; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Mar. 3-4; Platts 5^th Annual North American Crude Summit, Hyatt Regency Galleria, Houston info/register

+ Mar. 15-16; Canadian School of Hydrocarbon Measurement, Telus Convention Centre, Calgary info; registration

+ AEMERA launched its Online Oil Sands Monitoring report

+ Connacher Oil and Gas announced it is reducing bitumen production due to low prices

+ Nexen Energy ULC is ramping down Long Lake SAGD operations, shut down upgrader after explosion last Friday that killed one worker, seriously injured another; investigators on-site

+ Suncor Energy and Canadian Oil Sands reached agreement on terms for a Suncor takeover bid; joint memo to shareholders recommending acceptance – deal size is $6.6 billion

+ I have seen many storms in my life. Most storms have caught me by surprise, so I had to learn very quickly to look further and understand that I am not capable of controlling the weather, to exercise the art of patience and to respect the fury of nature. – Paulo Coehle

+ Be Prepared … the meaning of the motto is that a scout must prepare himself by previous thinking out and practicing how to act on any accident or emergency so that he is never taken by surprise. – Robert Baden-Powell

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+BBL – barrel

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ Brent – North Sea crude benchmark price

+ CapEx – capital expenditures

+ CAPP - Canadian Association of Petroleum Producers

+ cap rate – capitalization rate

+ CBD – Central Business District

+ CCAA – Companies’ Creditors Arrangement Act

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CREB - Calgary Real Estate Board

+ EBITDA – earnings before interest, taxes, depreciation and amortization

+ FERC – U.S. Federal Energy Regulation Commission

+ GJ - gigajoule

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ IPO – Initial Public Offering

+ JV – Joint Venture

+ KV – kilovolt (one thousand volts)

+ KW – kilowatt (one thousand watts)

+ LEED – Leadership in Energy and Environmental Design

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ mezz – mezzanine debt

+ MOU – Memorandum of Understanding

+ MW – megawatt (1 million watts)

+ NAFTA – North American Free Trade Agreement

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ P3 – Public Private Partnership

+ PADD – U.S. Petroleum Administration for Defense Districts

+ PSAC – Petroleum Services Association of Canada

+ RECA – Real Estate Council of Alberta

+ REIT – Real Estate Investment Trust

+ RFP – request for proposals

+ RFQ – request for qualifications

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning

updated January 19, 2016

Suncor struck a deal to takeover COS | crude dipped below US$28/bbl | EVOK getting funds | new LNG export licenses | Nexen tragedy | SHAW Media sold for Corus for $2.65 billion | new transit cars arriving (great video) | Arena Watch +  Mark Olson interview | upcoming events & corp. meetings + climate change, infrastructure, oil sands, REIT news +  this week’s financings + executive and board appointments + Mark Kolke’s VIEWPOINT editorial >>>>

+ Automotive Properties REIT closed its $11.1 million of the Audi Barrie property in Barrie, ON

+ Jan. 20; Inovalis REIT, Special Meeting of Unitholders, Toronto

+ Jan. 27; Petrodorado Energy Ltd., Annual General and Special Meeting of Shareholders, Calgary

+ Jan. 28; Alberta Real Estate Association, Annual General Meeting, Edmonton

+ Feb, 11; Titanium Corporation Inc., Annual General and Special Meeting, Toronto

+ Mar. 8; Extendicare Inc., Special Meeting of Shareholders, Markham, ON

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 - 2016 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com
http://plandflex.com 
http://markmusing.com  

+ AEMERA launched its Online Oil Sands Monitoring report

+ Alberta’s first 2016 land sale produced poor results: $2.4 million … and nothing is posted through to and including next land sale March 9^th

+ Alberta Government announced it will freeze salaries for two years for managers and non-union employees working for the province

+ AltaGas DCLNG General Partner Inc. got approval of its LNG export licence

+ ATB Owl Report – daily economist’s outlook

+ Avigilon Corporation adopted a shareholder rights plan

+ Bank of Canada rate announcement and Monetary Policy Report to be announced tomorrow, Jan. 20 – will be posted on their website ; Barclays are predicting a rate cut …tic toc …

+ Bellatrix Exploration announced its First-Half 2016 CapEx Budget is $46 million

+ BP plc announced it is cutting 4,000 jobs worldwide over next 2 yrs.

+ Calgary office space negotiating in 2016; clearly a tenant's market. To get a copy of my 'Strategy Paper on negotiating leases in 2016 - Calgary/office', send a note: mark.kolke@calgaryofficespace.com with Strategy Paper in subject line

+ Canamax Energy Ltd. completed its going private transaction; amalgamated business will operate as Canamax Energy Ltd.

+ Cenovus Energy Inc. and Suncor Energy Inc. announced commitments of up to $50 million each over 10 years to fund Evok Innovations Fund; to accelerate commercialization for environmental challenges [editor’s note: not sure what that means – but that’s what they are saying] in partnership with BC Cleantech CEO Alliance

+ China injected US$8.36 billion into its banks yesterday to support short-term liquidity

+ Connacher Oil and Gas announced it is reducing bitumen production due to low prices

+ current energy prices – live link to Bloomberg energy prices ; crude up to $US29.65 yesterday after dipping below US$28/bbl earlier in the day as market reacts to Iran sanctions being lifted; and the Loonie slumped too; no industry consensus on where or when the bottom of this market will show up …

+ Energy Information Administration (U.S.) predicts crude prices will average US$40/bbl in 2016, US$50/bbl in 2017; but it is hard to see this happening soon while Saudi’s pump crude into the market month over month …

+ Emerald Oil Inc. sold a portfolio of non-operated assets in Montana and North Dakota for US$9.75 million

+ Equitable Group Inc. established a new ‘branchless’ bank in Canada: Equitable Bank

+ FACILITYCalgary’s new OP-ED page; guest articles welcome.  This week: “Is 2016 another cyclical problem, or an enormous opportunity?, by Mark Kolke - click VIEWPOINT

+ Fraser Institute – BUNKEM; did you read it? Last week the Fraser Institute issued a policy paper claiming the MAIN REASON for reduced investor confidence in Alberta’s oil & gas sector is because of a lack of pipeline policies; seems the policy wonks out there on the wet coast have never walked the sidewalks of Calgary, or Houston or Riyadh – or talked to anyone about the reality of low prices in an oversupplied commodity market …

+ GFL Environmental Inc. closed its acquisition of Anchor Shoring Group

+ Gran Tierra Energy Inc. announced its 2016 CapEx Budget is $107 million

+ Gran Tierra Energy Inc. agreed to acquire PetroGranada Colombia Limited for $19 million

+ Grant Tierra Energy Inc. closed its $68.4 million acquisition of Petroamerica Oil Corp.

+ Manitoba Telecom Services Inc. closed its sale of Allstream Inc. to Zayo Group Canada Inc. for $465 million

+ Morris Interactive acquired LPC Consulting

+ Moody’s re-affirmed Alberta’s AAA credit rating … but …assigned a ‘negative outlook’; considering how things have been going, we should feel pretty good about that and prospects for Alberta government borrowings … tic toc …

+ National Bank of Canada opened its ‘Private Banking 1859’ offices in western Canada

+ NewTimes Energy Ltd. got approval of its LNG export licence

+ Nexen Energy ULC is ramping down Long Lake SAGD operations, shut down upgrader after explosion last Friday that killed one worker, seriously injured another; investigators on-site

+ OPEC’s ‘basket price’ dropped to US$ 25/bbl

+ rig counts down; 5,394 wells drilled in 2015, down 52% from 2014

+ Shaw Communications Inc. agreed to sell Shaw Media to Corus Entertainment Inc. for $2.65 billion

+ Statoil acquired 11.93% of Lundin Petroleum for US$539.57 million

+ stock markets slumping worldwide in first two weeks of the year; $150 billion of value erosion on Canadian stocks …tic toc …

+ Suncor Energy and Canadian Oil Sands reached agreement on terms for a Suncor takeover bid; joint memo to shareholders recommending acceptance – deal size is $6.6 billion [includes $2.4 billion in assumed COS debt]

+ Total Energy Services Inc. announced its 2016 CapEx Budget is $12.1 million

+ Trican Well Service Ltd. is negotiating a sale of its U.S. pressure pumping business to Keane Group

+ Canadian Spirit Resources Inc. closed $965,000 equity financing

+ National Bank of Canada is on the market to raise $400 million by a preferred share issue

+ Pembina Pipeline Corporation closed $170 million preferred share issue

+ Perpetual Energy Inc. closed $25 million rights offering

+ Petrus Resources Ltd. closed $30 million equity financing

+ Royal Bank of Canada is on the market to raise $1.5 billion by a sub. debt issue

+ BluEarth’s Bull Creek wind facility came on stream, now generating power near Provost; 29.2MW of capacity

+ Cenovus Energy Inc. and Suncor Energy Inc. announced commitments of up to $50 million each over 10 years to fund Evok Innovations Fund; to accelerate commercialization for environmental challenges [editor’s note: not sure what that means – but that’s what they are saying] in partnership with BC Cleantech CEO Alliance

+ SunEdison is selling its three Hawaii solar energy farms for US$350 million

+ GE announced its headquarters in Fairfield, Conn. will move to Seaport District in Boston, Mass.; employees will move this summer, new 800-person HQ will be completed in stages by 2018.

+ Marriott International was announced as the hotel development partner for parqVancouver ; project will involve 466 rooms in two hotels, casino, spa, restaurants and conference space

+ ARENA WATCH: Calgary NEXT arena project watch: NHL Commissioner Bettman came to town and told the Mayor et al to get behind the project – which Mayor Nenshi rebuked; now the Municipal Affairs Minister Larivee is making some noise, ‘not ruling out funding’ for the proposed sports complex, no doubt to curry Calgary favour with the Notley government … tic toc …

+ Brookfield Asset Management of Canada led consortium agreed to acquire the Columbia’s government’s 57.6% interest in electricity producer Isagen for US$2 billion; 3,000MW portfolio

+ Calgary Transit debuted its first S200 LRT vehicle; 1^st of 63 units to be delivered by supplier Siemens – check out the 6 ½ minute video to watch one being built ….