+ to Bentall Kennedy (Canada) LP’s Calgary team, winners at BOMA International Conference in Los Angeles – Outstanding Building of the Year Award (TOBY) in the Industrial Office Building Category, won for Rangewinds Business Park
+ Black Swan Energy Ltd. closed its $200 million acquisition of Carmel Bay Exploration Ltd.
+ BP agreed to a final settlement with U.S. regulators of US$18.7 billion, which brings its total pain on the 2011 Gulf of Mexico Deepwater Horizon project to US$53.8 billion
+ Calgary Stampede is in full swing .. yahoo! … yippee … and endless pancake breakfasts as Calgarians dress western and party like there was something to party about; rodeo, chuckwagon races, Western Showcase Art, animal exhibits and too much to mention it all here, and entertainment everywhere …
+ Calloway REIT changed its name to SMARTREIT
+ Canada in recession according to TD Bank
+ Chevron Canada Ltd. is restructuring; likely loss of 130 jobs in Calgary
+ Crescent Point Energy Corp. agreed to acquire Coral Hill Energy Ltd. for $258 million
+ Crescent Point Energy Corp. closed its $1.53 billion acquisition of Legacy Oil + Gas Inc.
+ Cross Country Pipleine Supply Co. Inc. acquired Sideline Specialty Equipment
+ current energy prices – live link to Bloomberg energy prices ; crude prices down 8% yesterday on convergence of worry factors: Iran, slowing Chinese demand, Greek crisis and buoyant supply numbers …
+ Endurance Energy Ltd. agreed to acquire StonePoint Energy Inc.
+ First Asset Canadian REIT Income Fund is converting to an exchange traded fund
+ Greek economic crisis continues to loom large on European markets; a referendum NO vote by Greek citizens signals a likely exit from the Euro, but does not signal an easy road for a bankrupt country … a long row to hoe, and potential domino effect for other struggling economies, banks, European Union … tic toc
+ Husky Energy is shutting down its Lloydminster Upgrader for maintenance, estimated to be six-eight weeks
+ Iona Energy Inc. agreed to sell its interest in Esmond Transportation System for US$2.0 million
+ Magellan Petroleum Corporation engaged advisors to explore stratetgic alternatives
+ Murphy Oil was ordered to shut down 16 wells by the Alberta Energy Regulator due to infractions in handling gas which was not adequately being captured and/or flared; further inspections identified problems at 17 more wells .. tic toc ..
+ Order of Canada; on July 1st, 100 new appointees to the order – five of them Calgarians: Blake Brooker, Wayne Chiu, Jim Dinning, Kathryn Hannah, Jack Mintz, Mary Rozsa de Coquet
+ Quicksilver Resources Canada Inc. got NEB approval for its LNG export licence (733 billion cubic metres/25 yrs)
+ SilverWillow Energy Corporation has agreed to be acquired by Value Creation Inc.
+ Veresen Inc.’s Jordan Cove LNG export facility to be delayed by up to a year by U.S. regulatory delays
+ VINCI Park acquired WestPark Calgary
FINANCINGS - proposed & closed
+ Bayshore Petroleum Corp. closed $259,200 tranche of its equity financing
+ Forent Energy Ltd. closed $2.2 million equity financing
+ Georox Resources Inc. closed $374,500 common share & warrants issue
+ Great Prairie Energy Services Inc. is on the market to raise $5 million in unsecured debt
+ InnVest REIT is on the market to raised $42 million in equity
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