FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June28/22

CONVERSATIONS

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CONVERSATIONS

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. 

This week's conversation with Kim Reinhart, Soprano / Lawyer 

Last week's conversation with John Bobenic , Pres. & CEO @ Maxim Power Corp.

Click here to access the archive: archived conversations with fascinating people ...



 SHAREHOLDER MEETINGS

+ June 23; Candax Energy Inc., Annual General Meeting, Toronto

+ June 23; InterRent REIT, Annual Meeting

+ June 24; Economical Mutual Insurance Company, Annual Meeting, Kitchener

+ June 24; Sunshine Oilsands Ltd., Annugal General Meeting, Hong Kong

+ June 29; Boulevard Industrial REIT, Annual and Special Meeting, Toronto

+ June 30; Algonquin Power & Utilities Corp., Annual Meeting of Shareholders, Oakville

+ June 30; Legacy Oil + Gas Inc., Annual General Meeting, Calgary

+ June 30; Temple Hotels Inc., Annual and Special Meeting of Shareholders, Winnipeg

+ July 21; Sunshine Oilsands Ltd., Special General Meeting, Hong Kong

+ July 27; Mapan Energy Ltd., Annual and Special Meeting of Shareholders, Calgary


[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Brian Lang to Pres. @ MasterCard Canada

+ Bruce Sherley to Pres & CEO @ Dundee Energy Limited

+ Heather McCaw to VP Advancement @ University of Alberta

+ Jaffer Khan, Pres. & CEO @ Dundee Energy Limited, resigned

+ Jennifer Lundmark to Head, Real Estate Fundraising @ Manulife Asset Management Private Markets

+ Jonathan Pollack to Chief Investment Officer, Property Debt @ Blackstone Group

+ Kenneth Pogrin to Global Head, Bus. Dev. @ COO @ Manulife Asset Management Private Markets

+ Laurae Spindler to Sr. Mgr. Leasing, Western Industrial @ Dream Unlimited

+ Roberto Israel to Chief Information Officer @ CAP REIT

+ Sahezad Pardhan to Global CFO @ Manulife Asset Management Private Markets

+ Steven Dew to Provost & VP Academic @ University of Alberta

+ Terry Stein to Pres. @ Stein Group

+ Wayne Bingham, CFO @ Superior Plus Corp., retiring

+ William Meyer to Manager, Community & Stakeholder Relations @ Canadian Renewable Fuels Association




BOARDROOM changes, purges, appointments etc.

+ Brian Yaworski to Chairman @ Terra Energy Corp.

+ Cameron Bailey to Chairmna @ Calgary Homeless Foundation

+ Edward Pitniak to Chairman @ InnVest REIT

+ Francis McKeever to Director @ Seair Inc.

+ Henrik Lundin to Director @ TAG Oil Ltd.

+ Robert Barber to Director @ Urbanfund Corp.

+ Samrat Karnik to Director @ Seair Inc.

+ Tiff Macklem to Director @ Scotiabank




 SAVE THE DATE / upcoming events

+ July 3-12; Calgary Stampede 2015 - tickets now on sale

+ Sept. 28-29; 10th Annual Pipeline Development & Expansion Conference, Houston info/register

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

+ Oct. 27 – 30; 28th Annual Gastech Conference & Exhibition, Singapore info/registration

+ Oct. 29; 2015 Economic Developers Alberta - Ministry Dinner, Matrix Hotel, Edmonton, info/register

Oct. 29-30; IEDC Workforce Development Strategies, Matrix Hotel, Edmonton; info/register

+ Feb. 26/2016; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Feb. 26/16; BUILDEX Vancouver, Vancouver Convention Center, Vancouver


[send event notices to:  kolke@facilitycalgary.com ]



 OIL SANDS NEWS 

+ Imperial Oil’s Kearl oil sands $9 billion expansion project achieved ‘started production’; ahead of schedule

+ Inter Pipeline Ltd.  completed its $45 million Polaris Pipeline pumping station expansion connected with Kearl oil sands project




 SAVE THE DATE / GOLF TOURNAMENTS


+ June 25; 19th Annual Stay in School/Rotary – Calgary Connector Charity Golf Classic, Silvertip, Canmore; info/register
+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam; info/register

+ July 14-16; Willow Park Charity Golf Classic, Willow Park Golf & CC, Calgary donate/register

+ Aug. 13; 10th Annual CREW Golf Tournament, Sirocco Golf Club, Calgary; info/register

+ Aug. 17; 16th Annual Special Olympics Calgary Golf Classic, Country Hills GC .. details later

+ Aug. 20; 17th Annual CREB Charitable Foundation, Building Hope Charity Golf Tournament, Blue Devil Golf Club, Calgary


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated ... June 23, 2015




 TODAY'S HEADLINES


Aveda closed purchase | Cenovus near royalty sale | Enbridge $30 billion asset re-org | GOA hires Dodge | Imperial Oil’s Kearl expansion starts-up | Williams Cos. in play +  Kim Reinhart interview | upcoming events & corp. meetings + climate change & infrastructure news + REIT news +  financings + executive and board appointments >>>>




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 CLIMATE CHANGE / ENVIRONMENT
 IN THE NEWS 

+ the Harper government is establishing Qausuittuq Nationial Park; on Bathurst Island, Canada’s 45th National Park




 QUOTES

+ Don’t bunt. Aim out of the park. Aim for the company of immortals. – David Ogilvy

+ No, you never get any fun out the things you haven’t done. – Ogden Nash




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NEWS SUMMARY 
 June 16 - 23 


+ Americas Petrogas Inc. agreed to US$63 million sale of subsidiary assets to Tecpetrol International

+ ATB – daily economist’s outlook

+ Aveda Transportation and Energy Services Inc. closed its US$42 million acquisition of Hodges Trucking Company LLC

+ CD Capital Developments rebranded; now known as Capital Developments

+ Cenovus Energy Inc. confirmed a royalty lands sale deal is in the works but will not release details; reports indicate likely buyer is Ontario Teachers’ Pension Plan with a purchase price of $2.5 - $3.0 billion

+ Cequence Energy Ltd. closed $54 million Simonette facilities acquisition from Kanata Energy Group Ltd.

+ Counsel Corporation changed its name to Street Capital Group Inc.

+ current energy prices – live link to Bloomberg energy prices; OPEC oversupply has pushed speculative traders aside

+ Enbridge Income Fund agreed to acquire Canadian liquids pipeline business & renewable energy assets from Enbridge Inc. for $30.4 billion; asset shuffle signals parent co. on acquisition hunt

+ Government of Alberta engaged David Dodge, former Governor of the Bank of Canada to develop a plan for financing Alberta’s infrastructure needs …

+ Greek financial crisis continues to occupy/agitate Euro zone markets; deadlines passing but Greece is still negotiating, tabling new proposals to IMF and World bank ..tic toc..

+ Imperial Oil’s Kearl oil sands $9 billion expansion project achieved ‘started production’; ahead of schedule

+ Inter Pipeline Ltd.  completed its $45 million Polaris Pipeline pumping station expansion connected with Kearl oil sands project

+ LNG Canada (led by Royal Dutch Shell) got its conditional environmental go-ahead from both federal and BC governments

+ Northern Aspect Resources Ltd. agreed to acquire Blockchain Tech. Inc.

+ Ottawa shift ~~ Harper government approved Australia’s Paladin Energy Ltd.’s takeover of a Nfld. Michelin Uranium mine ~ a thaw of the frozen welcome mat to foreign resource investment .. tic toc..

+ Pekarsky Stein rebranded as Pekarsky & Co.

+ Retrocom REIT is changing its name to OneREIT

+ Sequa Petroleum NV agreed to acquired Tellus Petroleum AS for US$602 million

+ Striker Exploration Corp. closed its $3.875 millioin acquisition of Willow Creek area assets

+ Toscana Energy Income Corporation closed a $9 million oil & gas assets acquisition

+ Vantage Drilling Company engaged advisors to advise on strategic opportunities

+ Williams Cos. rejected a US$48 billion takeover bid by Energy Transfer




FINANCINGS - proposed & closed

+ Arsenal Energy Inc. is on the market to raise $4,016,750 in equity

+ Boralex Inc. closed $125 million convertible debt financing

+ Boralex Inc. secured $75 million credit facility

+ Cresent Point Energy Corp. closed $660 million equity financing

+ Horizon North Logistics Inc. is on the market to raise $80.5 million in equity

+ Husky Energy Inc. closed $150 million preferred share issue

+ Hydro One Inc. is on the market to raise $2.25 billion by IPO for 15% of Hydro One

+ Innergex Renewable Energy Inc. closed $197.2 million debt financing

+ Manitok Energy Inc. closed $6.6 million final tranche of its equity financing

+ Marksmen Energy Inc. closed $500,000 debt & warrants financing

+ Pembina Pipeline Corporation closed $600 million sr. unsecured debt financing

+ Tidewater Midstream and Infrastructure Ltd. closed $210,001,950 equity financing

+ Toronto-Dominion Bank is on the market to raise $1.5 billion in sub. debt

+ Yoho Resources Inc. closed $17,575,864 equity financing




 this week in REITS 


+ Edward Pitniak to Chairman @ InnVest REIT

+ Lone Star Funds struck a $7.6 billion deal to acquire Home Properties REIT and take it private

+ Mohawk Medical Properties REIT acquired the Brantford Medical Centre; 100% leased, purchase terms not disclosed

+ Retrocom REIT is changing its name to OneREIT

+ Roberto Israel to Chief Information Officer @ CAP REIT

+ Slate Retail REIT agreed to acquire two food anchored shopping centres in Atlanta; US$10.08 million and US$9.43 million




 INFRASTRUCTURE / P3 / GREEN


+ Government of Alberta engaged David Dodge, former Governor of the Bank of Canada to develop a plan for financing Alberta’s infrastructure needs … 

+ Government of Alberta re-visiting flood prevention measures for southern Alberta; Springbank plans, tunnel .. all under review by Notely government

+ Saint-Laurent Group (SNC-Lavalin is 50%) awarded contract to design, build, finance and maintain the New Champlain Bridge Corridor project; $2.15 billion project included operations and maintenance though to 2049




INTERESTING REAL ESTATE NEWS, other places


+ Mohawk Medical Properties REIT acquired the Brantford Medical Centre; 100% leased, purchase terms not disclosed

+ Slate Retail REIT agreed to acquire two food anchored shopping centres in Atlanta; US$10.08 million and US$9.43 million


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FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com