+ 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
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications, a unit of PLANDflex Corporation - http://plandflex.com
- this site is maintained and updated weekly - last updated January 14th, 2023
