+ Facebook settled its privacy violations dispute with the U.S. Federal Trade Commission; they are pledging new privacy guarantees and paying US$5.0 billion settlement
QUOTES
+ Be content with what you have; rejoice in the way things are. When you realize there is nothing lacking, the whole world belongs to you. – Lao Tzu
+ Creativity doesn’t wait for that perfect moment. It fashions its own perfect moments out of ordinary one. – Bruce Garrabrandt
+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register
+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets
+ Government of Canada is putting up $1.16 billion for cleaning up contaminated sites and renewed the Federal Contaminated Sites Action Plan
weekly newsletter
Est. July, 1999
TODAY'S HEADLINES
HEADLINES: Calgary Council considering project delays | Cuda sale | Enbridge Line 5 trouble | NEB ruling on Coast GasLink | Pipestone new pipeline to GOM | Teck greenlight on Frontier mine | West Coast Olefins plant plan | WestJet sale gets OK’d + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings
current week data
this site is refreshed with a new issue every Tuesday
updated July 30, 2019
Editor/Publisher: Mark Kolke
CONVERSATIONS
FACILITYCalgary Publisher Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:
Last week's conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network
A recent conversation with Neil Camarta, Pres. & CEO @ Field Upgrading and former Sr. VP Oilsands @ Suncor and Royal Dutch Shell
+ Calgary City Council juggling timing/public opinion and fractious council over timing of decisions; pausing GreenLine LRT construction and go-ahead, or not, on new arena deal … tic toc
+ Cuda Oil and Gas Inc. agreed to sell all its Quebec assets for $10.59 million
+ Enbridge Inc. facing action by Bad River Band regarding its Line 5; Enbridge reported to be considering a rerouting notwithstanding long term right-of-way … tic toc
+ GOA’s review of power generation market concluded; no change at this time decision sends ‘steady as she goes’ message to industry
+ GOA reduced its crude oil curtailment quotas for September
+ Halliburton is cutting fac jobs and equipment in North America; 8% workforce cut planned for Canada and the U.S.
+ NEB ruling on Coastal GasLink 670 km. pipeline project from Dawson Creek to LNG facility at Kitimat determined jurisdiction stays solely with BC regulators – no NEB role
+ Pipestone Energy Corp. entered into a midstream transaction with Tidewater Midstream and Infrastructure Ltd.; 10-yr. take-or-pay supply deal involves Tidewater acquiring batter assets for $14.0 million and funding $16.0 million in asset expansion
+ rig counts – U.S.: down 8 to 946 this week; Canada: up 9 to 127 this week; full breakdown
+ Teck Resources Ltd. got a favourable ruling on its Frontier mine from NEB – public interest outweighed concerns; $20.6 billion / 260,000/bbl/day facility expected to be in production by 2026; full 1,325 page report
+ West Coast Olefins announced it will build $5.6 billion petrochemical plan on a 300 acre site in the BCR Industrial Site in Prince George, BC
+ WestJet Airlines Ltd. got shareholder and court approval for Onex Corporation’s $3.5 billion takeover of WestJet
+ Tidewater Midstream and Infrastructure Ltd. is on the market to raise $75.0 million convertible debt financing
+ UrtheCast Corp. secured US$1.5 million debt financing
+ WELL Health Technologies Corp. is on the market to raise $15.0 million in equity
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*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …
+ Calgary City Council and Calgary Flames ownership’s deal for a new arena – the ‘mock photos’ look fantastic and many feel the deal is great, guarantees the Flames will stay for 35 yrs. (which will quell rumours of a move to Seattle or Houston); city will bear $12.4 million cost to demolish the Saddledome. Also, Calgary Sports and Entertainment Corp. will have options to acquire adjacent eas-village sites from the City of Calgary
+ Suffield Solar and Direct Energy Business singed a long term deal to supply 23MW from its Suffield facility – will be online in 2020
+ Tahltan Nation purchased a 5% stake in Norwest British Columbia Hydro Electric Facilities from Axium Infrastructure Canada and Manulife Financial Corporation for $124.3 million
+ Premium Fire Protection Ltd. hit with 65 charges involving the company and 10 employees; unqualified or uncertified employees installing fire alarm and related equipment … tic toc
+ NorthWest Healthcare Properties REIT closed its $61.5 million acquisition office building in Germany
INTERESTING REAL ESTATE NEWS FROM OTHER PLACES
+ Blackstone is on the market to sell a 10-city portfolio of 4,500 apartments in Japan; expected to yield US$1.5 billion
+ in Montreal, Kevric Real Estate Corporation JV agreed to acquire the National Bank Building (28-storey / 710,000 sq. ft.); price and partner not disclosed
+ WeWork agreed to acquire a San Francisco office building (358,691 sq. ft.) from Bentall Kennedy for US$330.0 million; WeWork currently occupies 73,000 sq. ft. of 600 California Street
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