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FACILITYCalgary June28/22

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 PAST WEEK NEWS REVIEW 
 Dec. 31 - Jan. 6 


 

+ Artisan Energy Corporation agreed to acquire a $5.6 million stake in light oil properties from Magnum Energy Inc.
+ ATB Financial – Daily Economic Comment
+ Canadian economy grew more than expected in 2013 according to a Statistics Canada report
+ Canadian Pacific agrees to sell the west end of its Dakota, Minnesota & Eastern line to Genesee & Wyoming for US$ 210 million
+ Enbridge Inc. published its 2013 Corporate Social Responsibility Report
+ European outlook still dodgy; France appears to have narrowly avoided dipping back into recession at the same time as it is imposing 75% tax on high income earners
+ Federated Co-operatives Limited’s Regina refinery to function at ½ capacity while repairs from last week’s explosion are made
+ Great Prairie Energy Services Inc. is the new name for DevCorp Capital Inc.
+ Hibernia offshore crude platform has a leaking  valve leaking; output reduced pending repairs
+ Kitsault Energy Ltd. applied for permits to operate a west coast LNG export facility at Kisault, a ghost town the company owns even though the company has no natural gas assets or contracts . . . really??
+ LGX Oil + Gas Inc. commenced legal action to vary the Federal Environment Minister’s Emergency Order for the Protection of the Sage-Grouse. LGX has activities on affected Crown lands
+ Lone Pine Resources Inc. filed its CCAA restructuring plan with Court of Queen’s Bench
+ Loonie rallied yesterday, recovering recent losses though the market appears bearish for the Loonie, which could be good news for 2014
+ Manulife Financial Corporation closed the sale of its Taiwan life insurance operations
+ Marquee Energy Ltd. closed its acquisition of Michichi area assets in a shares and cash deal from Sonde Resources Corp.
+ PekarskyStein opened an Edmonton office
+ Petroforte International Ltd. is changing its name to Canamax Energy Ltd.
+ PwC reported that the IPO market in Canada was $2.7 billion in 2013, stronger than expected (2012 was $1.7 billion)
+ rail crash/derailment near Fargo, North Dakota – 8 oil filled tanker cars exploded, 2 engines destroyed … 56 cars in the BNSF train are in danger while 50 are separated and safe
+ Royal Dutch Shell closed its $5.4 billion acquisition of Repsol’s LNG business outside North America
+ Toronto area power outages continue; now only 3,000 Ontarions without power, down from 300,000 during last week’s ice storm
+ TransCanada Corporation acquired Mississippi Mills solar energy facility from Canadian Solar Solutions Inc.; fourth property in a nine facilities deal – 86MW/$500 million with 20 yr. agreements in place with Ontario Power Authority
+ TransForce Inc. agreed to acquire Vitran Corporation for US$136 million
+ Vanguard Natural Resources LLC agreed to buy US$581 million in Wyoming natural gas and oil properties from Anadarko Petroleum Corp.



 QUOTES

 

“Nothing astonishes men so much as common sense and plain dealing.” – Ralph Waldo Emerson
 
“Age appears to be best in four things: old wood best to burn, old wine to drink, old friends to trust and old authors to read.” – Francis Bacon



 KUDOS

 

+ congrats – Carbon Copy Digital celebrating 35 yrs. in business, celebrating by giving trips and prizes away - details/website



 SHAREHOLDER MEETINGS

 

+ Jan. 10; Clarke Inc., Debenture holders meeting, Halifax
+ Jan. 30; Alberta Real Estate Association, Annual General Meeting, Leduc
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 On YouTube:

 
Mid-2013 Market Overview - Calgary Commercial Real Estate

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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 Kirk Bacon , Deputy Executive-Director, Real Estate Council of Alberta
 
Last week's conversation with Shelley Goldbeck of Whole Real Food
 
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Christiano Melcher to Pres. & CEO @ MBAC Fertilizer Corp.
+ Edwin Tam to Interim Pres. & CEO @ Petrox Capital Corp.
+ Kent Parlee to Regional VP, Private Banking @ Royal Bank of Canada
+ lots of lawyers can now add QC after their name; honours list
+ Lucy Collin to VP Marketing and Innovation @ Bell Media
+ Rick Vogel to Managing Dir., Edmonton @ PekarskyStein
+ Ron Mock to Pres. & CEO @ Ontario Teachers’ Pension Plan

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




RESIGNED, DIED or GOT THE BOOT

 

+ Bill Dirks, Pres. & CEO @ Sonde Reources Corp,, resigned
+ Glen Cartier, Pres. & CEO @ Petrox Capital Corp., left the company
+ Jim Leech, Pres. & CEO @ Ontario Teachers’ Pension Plan, retired



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Edward Thompson, Director @ Stratabound Minerals Corp., resigned
+ Frank Turner to Director @ Jura Energy Corporation
+ Glen Garner, Director @ Jura Energy Corporation, resigned
+ Greg Turnbull to Director @ Marquee Energy Ltd.
+ James Riddell to Director @ Marquee Energy Ltd.
+ Thomas O’Connor to Director @ Keyera Corp.
+ Toufic Nassif to Pres. & CEO @ Sonde Resources Corp.
+ William Roach to Director @ Marquee Energy Ltd.



FINANCINGS - proposed & closed

 

+ Bri-Chem Corp. closed $10 million equity financing
+ Canadian Spirit Resources Inc. closed $3 million flow-through shares financing
+ Ceiba Energy Services Inc. closed $2.6 million common shares & warrants financing
+ Contact Exploration Inc. closed $2 million flow-through shares issue
+ Forent Energy Ltd. closed $605,000 flow-through shares issue
+ Nordic Oil & Gas Ltd. closed $26,420 tranche of its flow-through shares issue
+ Northern Spirit Resources Inc. closed $549,995 flow-through shares issue
+ North Sea Energy Inc. closed $84,000 equity financing
+ Quattro Explorations and Production Ltd. closed $500 million convertible debt issue
+ Waldron Energy Corporation is on the market to raise $4.3 million in flow-through shares offering



 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 ]



 INFRASTRUCTURE / P3 / GREEN


 

+ TransCanada Corporation acquired Mississippi Mills solar energy facility from Canadian Solar Solutions Inc.; fourth property in a nine facilities deal – 86MW/$500 million with 20 yr. agreements in place with Ontario Power Authority
 
+ 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

NEWS TODAY 
 January 7 / 2014 


 

+ Arsenal Energy Inc. announced its 2014 CapEx Budget is $37.7 million
+ CIBC completed its acquisition of Atlantic Trust Private Wealth Management for US$ 210 million
+ congrats – Carbon Copy Digital celebrating 35 yrs. in business, celebrating by giving trips and prizes away - details/website
+ current energy prices: live link to Bloomberg.com commodities data ; Canadian heavy crudes are up, natural gas spot prices up too due to cold snap in U.S.
+ 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.
+ Janet Yellen’s appointment as the first woman to Chair the U.S. Federal Reserve got U.S. Senate confirmation
+ Plaza Retail Properties Ltd. completed its conversion to a REIT; now known as Plaza Retail REIT
+ Temple Hotels Inc. closed its acquisition of Nova Court hotel in Yellowknife from Lanesborough REIT for $21.68 million
+ U.S. cold snap is good for Canadian business: natural gas prices up, Bakken-Texas production slowdowns due to brutally cold weather
+ Whitecap Resources Inc. closed its $2.8 million acquisition of Viking light oil access



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