+ Government of Alberta greenhouse gas reduction rule changes were announced; large emitters expected to cut emmissions by 20% by 2017; cost of emissions exceeding allotment will rise to $30/tonne by 2017; also, and advisory panel is being established
+ Middle age is when you’re sitting at home on a Saturday night and the phone rings and you hope it isn’t for you. – Ogden Nash
+ Greece isn’t a democracy now. It’s run through a troika – three foreign officials that fly into Athens airport and tell the Greeks what they can and can’t do. – Nigel Farage
KUDOS
+ to University of Calgary Faculty of Veterinary Medicine – celebrating its 10th anniversary
+ to Calgary Flames coach Bob Hartley, named NHL Coach of the Year – won the Jack Adams Award
+ Canadian Pacific formed a joint venture with All Vision LLC; the venture called Van Horne Outdoor will market outdoor advertising infrastructure on CP’s right of way (they have 14,000 miles of that) …
+ Cenovus Energy Inc. agreed to sell its oil & gas royalty business, Heritage Royalty Limited Partnership, to Ontario Teachers’ Pension Plan for $3.3 billion
+ City of Calgary – council defeated secondary-suites initiative .. tic toc ...
+ Government of Alberta greenhouse gas reduction INTERIM rule changes were announced; large emitters expected to cut emmissions by 20% by 2017; cost of emissions exceeding allotment will rise to $30/tonne by 2017; also, and advisory panel is being established
+ Gran Tierra Energy Inc. increased its 2015 CapEx Budget by $45 million to $185 million
+ Greek crisis impacted global stock markets; Greek Banks temporarily closed, ATM’s shut-off to avoid run on banks as Greek default on debt payments is imminent – high stakes game of chicken between Greece, IMF, World Bank and Eurozone finance ministers will likely result in ‘Grexit’, an exit from the Euro, re-establishment and devaluation of Greek currency to get their economy rolling again. Nobody knows if this event will have cascading impact on other economies .. tic toc
+ Husky Energy Inc. began production on its South Wild Rose Extension
+ Imperial Oil differing plans for Beaufort Sea drilling
+ Montana Exploration Corp. agreed to acquired Gale Force Petroleum Inc.
+ Parkland Fuel Corporation closed its $377 million acquisition of Pioneer Energy assets + Pengrowth Energy Corporation shipped first Lindbergh production on Husky pipeline
+ Pengrowth Energy Corporation announced its intention to sell $600 million in non-core assets
+ Potash Corporation of Saskatchewan is negotiation a takeover of K+S Potash Corp.
+ Primeline Energy Holdings Inc. agreed to acquire Primeline Petroleum Corporation
+ Rogers Communications Inc. exercised options to acquire Shaw Communications wireless spectrum licences; cash to Shaw will be $350 million
+ Rogers Communications Inc. agreed to acquire Mobilicity for $400 million
+ Sobeys Inc. announced plans to eliminate 1,300 jobs relating to absorption of Canada Safeway operations, store closings and eliminating duplications
+ Tourmaline Oil Corp. agreed to acquire Mapan Energy Ltd. for $105.98 million
+ TransCanada Corporation announced it will cut costs by cutting 185 jobs in its major projects division (laying off 100 full-time employees and 85 contractors)
+ TransCanada Corporation announced signature of project agreemetns with six BC First Nations regarding the proposed Coastal GasLink natural gas pipeline
FINANCINGS - proposed & closed
+ Africa Hydrocarbons Inc. closed $500,000 equity financing
+ Boralex Inc. closed $18,750,000 overallotment of its recent unsecured sub. debt financing
+ Canadian Overseas Petroleum Limited is on the market to raise $7,245,000 in a common share & warrants issue
+ Canamax Energy Ltd. secured $21 million credit facility
+ Dejour Energy Inc. secured $2.5 million debt financing
+ Global Real Estate Dividend Growers Corp. is on the market to raise $150 million in an IPO
+ Manulife Financial Corporation is on the market to raise US$450 million in a Singapore IPO
+ Marksmen Energy Inc. closed $97,365 tranche of an equity financing
+ Marsa Energy Inc. closed $1,056,000 2nd tranche of its equity financing
+ Northern Aspect Resources Ltd. is on the market to raise $300,000 in equity
+ Rooster Energy Ltd. closed US$60 million sr. secured debt financing
+ Tourmaline Oil Corp. closed $195.4 million equity financing
this week in REITS
+ Allied Properties REIT closed its acquisition of 511-539 King Street West, Toronto
+ American Hotel Income Properties REIT LP closed its acquisition of a 9-property portfolio for US$53.5 million
+ Darden Restaurants (Olive Gardenm Longhorn Steakhouses) is spinning off some of its real estate into a REIT to raise US$1 billion
+ Jane Marshall to Trustee @ RioCan REIT
+ Nobel REIT closed its acquisition of 34,640 sq. ft. office building in Blainville, QC for $7,075,000
INFRASTRUCTURE / P3 / GREEN
+ Altantic Power Corporation closed sale of its wind portfolio (521 megawatts) to SunEdison Inc. for $347 million
+ Allied Properties REIT closed its acquisition of 511-539 King Street West, Toronto
+ American Hotel Income Properties REIT LP closed its acquisition of a 9-property portfolio for US$53.5 million
+ Blackstone Group is acquiring Sky View Parc (560,000 sq. ft. retail centre + 2,500 car parking facility) in Flushing/Queens, NY for US$400 million from Onex Group
+ Canada Pension Plan Investment Board entered a JV to acquire SP Infocity IT Park in Chennai for US$220 million
+ LOGOS China Investments Limited joined with Ivanhoe Cambridge and CBRE Global Investment Partners to US$400 million in logistics facility developments in China
+ Nobel REIT closed its acquisition of 34,640 sq. ft. office building in Blainville, QC for $7,075,000
OIL SANDS NEWS
+ Jin Hu to Director @ Sunshine Oilsands Ltd.
+ Kwok Ping Sun to Executive Chairman @ Sunshine Oilsands Ltd.
+ Michael Hibberd to Non-Exec. Vice-Chairman @ Sunshine Oilsands Ltd.
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