+ Fraser Berril to Director @ Pure Multi-Family REIT
+ Joe Monroe to Director @ Ceres Global Ag. Corp.
+ Kevin Pennington to Director @ Morneau Shepell
+ Leo Womack to Director @ Rockdale Resources Corporation
+ Martin Belanger to Director @ Petrolia Inc.
+ Murray Hinz, Director @ Arcan Resources Ltd., resigned
+ Vern Siemens, Director @ Birchcliff Energy Ltd., died
KUDOS
+ to CIBC, named World's Best Investment Bank, Oil & Gas Sector, for 2015 by Global Finance magazine
+ to Dean McCann, Exec. VP & CFO @ Canadian Tire Corporation, named Canada’s CFO of the Year for 2105 by PriceWaterhouseCoopers
+ to Sharon Robertson (Volunteer Award), Gabriel Chen (Front-line Employee Award) and Boys and Girls Clubs of Calgary Infinity Project Team (Outstanding Team Award) - winners of 2014 Arthur R. Smith Awards
+ Retrocom REIT commenced a $30 million redevelopment of Golden Mile Shopping Centre in Regina
+ Blackstone Group in talks to buy the Willis Tower(formerly the Sears Tower) for US$1.4 billion
+ Patina Rail LLP (Caisse de dépôt et placement du Québec and Hermes Infrastructure) agreed to acquire 40% of Eurostar International Limited (operator of high speed passenger rail service connecting London, Paris and Brussels through the Chunnel) from the UK Government; price not disclosed
SAVE THE DATE / GOLF TOURNAMENTS
+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course
QUOTES
+ The biggest risk is not taking any risk … In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks. – Mark Zuckerberg
+ Only those who will risk going too far can possibly find out how far one can go. – T.S. Eliot
+ CYGAM Energy Inc. ceased its operations in Tunisia
+ Enbridge Inc. is reducing scope of its Regional Oil Sands System (Athabasca Twin Project and Wood Buffalo Extension Project) to save $400 million in capital costs
+ Loblaw Companies Ltd. (Loblaws, No Frills, Fortinos, Shoppers Drug) announced it will build 50 new stores, renovated 100 existing stores in 2015; capital cost is $1.2 billion
+ Mapan Energy Ltd. adopted and advance notice by-law
+ Marshall Toner, Ryan Haney, Katie Proud and assistants left the CBRE shop; joined JLL
+ MENA Hydrocarbons Inc. closed $14 million sale of its Lagia project in Egypt
+ Paramount Resources Ltd. announced its 2015 CapEx Budget is $400 million
+ Prentice watch: he’s undertaken to meet with union leaders on public sector wage issues; media releases indicate March 26 budget will call for significant spending cuts and financial restructuring to address $7 billion potential budget shortfall; announced $400 million to assist municipalities with infrastructure commitments; social media storm attacking him for his comments about the cause of financial troubles – that Albertans should look in the mirror
+ Santander Holding Canada Inc. closed its acquisition of Carfinco Financial Group Inc.
+ Simon Property Group made a hostile US$22.4 billion bid to acquire Macerich Company
+ Titanium Transportation Group Inc. acquired Muskoka Transport Limited
+ Total SA withdrew its Joslyn North Mine amendment application
+ Virginia Hills Oil Corp. and Pinecrest Energy Inc. have agreed to amalgamate; will operate as Virginia Hills
FINANCINGS - proposed & closed
+ Brookfield Infrastructure Partners LP is on the market to raise $450 million in unsecured med-term debt
+ Brookfield Infrastructure is on the market to raised $125 million in equity units
+ Brookfield Renewable Energy Partners LP is on the market to raised $400 million in unsecured med-term debt
+ CRH Medical Corporation is on the market to raise $27.37 million in equity
+ Encana Corporation is on the market to raise $1.25 billion in equity
+ GFL Environmental Inc. is on the market to raise US$250 million in sr. unsecured debt
+ Husky Energy Inc. is on the market to raise $200 million by a preferred share issue
+ Husky Energy Inc. is on the market to raise $750 million in unsecured debt
+ Kelt Exploration Ltd. is on the market to raise $33.4 million in flow-through share issue
+ Manulife Financial Corporation is on the market to raise $750 million in subordinated debt
+ Northland Power Inc. closed $281 million in equity financings
+ Rock Energy Inc. closed $1.974 million overallotment of its recent equity financing
+ Royal Bank of Canada is on the market to raised $300 million by a preferred share issue
+ Secure Energy Services Inc. is on the market to raise $180 million in equity
+ Toronto Hydro Corporation is on the market to raise $200 million in sr. unsecured debt
+ Whitecap Resources Inc. secured $1.2 billion credit facility
INFRASTRUCTURE / P3 / GREEN
+ Government of Alberta launched ‘large projects’ tracking website: http://majorprojects.alberta.ca/to track public and private sector projects [currently 705 projects valued at over $182 billion!]
+ Morgan Stanley Infrastructure Partners agreed to sell Montreal Gateway Terminals to a consortium, Fiera Axium Infrastructure: Desjardins, via its insurance subsidiaries and its Pension Plan, Fonds de solidarite des Travailleurs du Quebec, and Industrial Alliance, Manulife Financial Corporation
this week in REITS
+ Retrocom REIT commenced a $30 million redevelopment of Golden Mile Shopping Centre in Regina
OIL SANDS NEWS
+ Canadian Natural Resources Ltd. planning a royalty sale/spin-off this year
+ Enbridge Inc. is reducing scope of its Regional Oil Sands System (Athabasca Twin Project and Wood Buffalo Extension Project) to save $400 million in capital costs
+ Strata Oil & Gas Inc. got approval to proceed with its oil sands exploration plan on its Cadotte/Cadotte-West land blocks in the Peace River area
+ Total SA withdrew its Joslyn North Mine amendment application
