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FACILITYCalgary May 6/25

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 PAST WEEK NEWS REVIEW 
  Mar. 4 - 10  


 

+ Alberta Budget – claimed by government to be balanced, though the math methods keep changing so it is hard to tell for sure . . .
+ Adrok, the innovative geophysical survey company is setting up its North American headquarters in Charlottetown (duhh??) … attracted by provincial government incentives; no doubt looking for tubers
+ Anadarko Petroleum Corp. announced its 2014 CapEx Budget is US$8.1 billion
+ Anthem Properties Group acquired United Communities for $200 million
+ ATB Financial – Daily Economic Comment
+ Athabasca Oil Corporation reducing staff by 15% and reviewing its capital plans
+ Bank of Canada – interest rate announcement – held overnight rate at 1.0%
+ CanElson Drilling Inc. announced an increase in its 2014 CapEx Budget to $95.5 million
+ Chesapeake Energy and Encana Corporation were charged by the State of Michigan over price-fixing in Collingwood shale region during 2010
+ Corridor Resources Inc. announced its 2014 CapEx Budget is $27.2 million
+ Enbridge Energy Partners LP announced a $7 billion mainline replacement program for its Edmonton – Superior, Wisconsin Line 3
+ Genalta Power Inc. agreed to build 12MW generating facility to serve Baytex Energy Ltd.’s Peace River field
+ Genesis Land Development Corp. closed the sale of a non-core site (121 acres in Acheson) for $14 million
+ Indian Oil Corporation Ltd. agreed to acquire 10% of Progress Energy’s gas reserves and Pacific NorthWest LNG projects
+ Kelt Exploration Ltd. increased its 2014 CapEx Budget to $250 million
+ Keystone XL politics continues; Alison Redford’s submission to U.S. State Department
+ KKR &  Co. assembled a US$ 2 billion fund to acquire unconventional oil & gas assets in North America
+ Lanesborough REIT closed its $63.2 acquisition of Parson Landing in Fort McMurray
+ manufacturing down across Canada; only up in Alberta & BC according to RBC industry survey
+ Morneau Shepell Inc. acquired ADP Canada Co.
+ National Energy Board approved (with conditions) reversal of Enbridge’s Line 9B Reversal and Line 9 Expansion project
+ Pacific NorthWest LNG submitted its Environmental Impact Statement to regulators
+ Paramount Resources Ltd. took a 14% stake in Marquee Energy Ltd. in shares-for-non-core Michiichi area assets ($11,650,000) sale
+ Petrobank Energy and Resources Ltd. and Touchstone Exploration Inc. to combine; will operate as Touchstone Exploration Inc.
+ Progress Energy Canada Ltd. got Industry Canada’s approval of its $1.5 billion acquisition of Montney assets from Talisman Energy Inc.
+ Rooster Energy Ltd. agreed to acquire Cochon Properties LLC for US$30 million
and Morrison Well Services LLC for US$ 95 million
+ Tanager Energy Inc. agreed to acquired oil & gas properties in Alberta from COGI LP and Arrow Point Oil & Gas Ltd. for $9 million
+ Tourmaline Oil Corp. agreed to acquire Santonia Energy Inc.; $198 million
+ Trident Exploration Corp. closed its acquisition of Wrangler West Energy Corp.
+ Zaio Corporation agreed to acquire Axis Appraisal Management Solutions for US$3.25 million



 SAVE THE DATE / upcoming events

 

+ Mar. 11 – 13; COSIA – 2014 Oil Sands Water Conference and Workshops, Edmonton; info/register
+ Mar. 18-19; 9th Annual BUILDEX Edmonton, Edmonton Northlands; info/register
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ Mar. 25; Green Real Estate conference, Metro Toronto Convention Centre, register/info
+ April 8 – 9; PSAC Spring Conference, Red Deer info/register
+ April 10; 2nd Annual CanTech Conference, Metro Toronto Convention Centre; register/info - full program
+ Apr. 15-16; Kindersley/2014, Municipal Infrastructure Conference, Kindersley, info/register
+ Apr. 25-26; World Economic Forum regional meeting on energy, climate change and innovation, Lake Louise [dates and go-forward in doubt .. conflicting reports from GOA]
+ May 8; Edmonton Real Estate Forum, Shaw Convention Centre, Edmonton, register/info
+ May 13; 10th Annual Land & Development Conference, Metro Toronto Convention Centre; info/register
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ June 11; OPEC, 165th Ordinary Meeting, Vienna, Austria
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 SHAREHOLDER MEETINGS

 

+ Mar. 25; Valener Inc., Annual and Special Meeting of Shareholders, Montreal
+ Mar. 26; Ecopetrol S.A., General Shareholders Meeting, Bogota
+ Apr. 10; Cargojet Inc., Annual General Meeting of Shareholders, Toronto
+ Apr. 23; Celestica Inc., Annual General Shareholders Meeting, Toronto
+ Apr. 23; CN, Annual General Meeting of Shareholders, Vancouver
+ Apr. 23; CREB Charitable Foundation, Annual General Meeting, Calgary
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary – Elbow River pedestrian bridge replacements ( bridges wiped out by last June’s floods) designs are now available for public input
 
+ Alberta Budget 2014 – Capital Investment; $6.6 billion this year / $19.2 billion over 3 years; breakdown of spending and financing
 
+ Infrastructure Ontario and Mackenzie Health issued an RFQ for the new Mackenzie Vaughan Hospital
 
+ in Edmonton, former Federal Building refurbishment nearing completion of renovation to house MLA and staff offices running over budget; will now cost $375 million; upon completion it will replace the Legislature Annex and Terrace Building (both Manning era antiques long overdue for the wrecking ball)

 TODAY'S HEADLINES


Home Depot distribution facility | Enbridge $7 billion mainline rebuild | Anthem buys United Communities | Alberta 2014 Budget | Art Price interview | appointments + financings >>>>


FACILITYCalgary
current week data

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 THIS WEEK'S INTERVIEW

Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Art Price , CEO @ AXIA Netmedia, Chairman @ Sunterra Group
 
Last week's conversation with Ron Ghitter, former Senator, former MLA, Director of Tennis Canada, lawyer and Principal @ Certus Developmnets
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Barry Holizki to COO & VP Engineering @ Detector Exploration Ltd.
+ Bart Becker to VP Facilities @ University of Alberta
+ Bryan Schmode to COO @ Avigilon Corporation
+ Colin Bowrdige to CEO @ TrinCan Capital Corp.
+ Dan Sears to Partner, Financial Services Group @ Borden Ladner Gervais LLP
+ Eric Carlson to CEO @ United Communities
+ Evan Dixon to Partner @ Burnet, Duckworth & Palmer LLP
+ Jeff Lutzak to Partner @ Collins Barrow Calgary
+ Jim Prentice to First Nations Advisor @ Northern Gateway Pipeline project
+ John Chambers to CEO @ FirstEnergy Capital Corp.
+ John Wilson to CEP @ Sprott Asset Management LP
+ Jonathan Simmons to Exec. VP & CFO @ OMERS
+ Mark Gordon to Leasing Mgr. @ OPUS Corporation
+ Mark Waldon to VP Bus. Dev. @ Cranson Capital
+ Mark Ward to CEO @ Syncrude Canada Ltd.
+ Patrick Crowley to Exec. VP & COO @ OMERS
+ Pesh Patel to Partner, SRED Advisory Services @ BDO
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Burkhard Franz, CEO @ TrinCan Capital Corp., stepped down
+ Don Douglas, CEO @ United Communities, stepped down
+ Susan Showers, Mgr. Investor Relations @ PetroFrontier Corp, resigned



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Charles Pellerin to Director @ TerraVest Capital Inc.
+ Dale Tremblay to Director @ ATK Oilfield Transportation Inc.
+ David Patterson, Director @ Donnycreek Energy Inc., resigned
+ Jeffrey McCaig to Director @ MEG Energy Corp.
+ Ken Mullen to Director @ Canyon Services Group Inc.
+ Lorraine McVean, Director @ TrinCan Capital Corp, resigned
+ Rebecca Hudson to Director @ TrinCan Capital Corp.
+ Sarah Raiss to Director @ Vermilion Energy Inc.

FINANCINGS - proposed & closed

 

+ Algonquin Power & Utilities Corp. closed $100 million preferred share issue
+ Alhambra Resources Ld. closed $5 million convertible debt financing
+ Axia NetMedia Corporation secured $20.0 million credit facility
+ Cominar REIT closed $100 million debenture financing
+ Enbridge Inc. is on the market to raise $275 million by a preferred share issue
+ Enterprise Group Inc. is on the market to raise $12 million in equity
+ ENTREC Corporation secured $240 million credit facility
+ Jadela Oil Corp. closed $361,200 equity financing
+ Kelt Exploration Ltd. is on the market to raise $122.2 million in equity
+ Northland Power Inc. secured $600 million credit facility
+ Northland Power Inc. closed $208 million equity financings
+ Potash Corporation of Saskatchewan is on the market to raise US$750 million in debt
+ Rogers Communications Inc. closed $2.1 billion in equity financings



 QUOTES

 

“Do not fear death so much but rather the inadequate life.” – Bertolt Brecht 
 
“Any idiot can face a crisis – it’s day to day living that wears you out.” – Anton Chekhov



 SUGGESTIONS / COMMENTS:
 
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NEWS TODAY 
  March 11 / 2014  


 

+ current energy prices: live link to Bloomberg.com commodities data ; oil slumping due to end of heating season and concerns the Chinese economy is slumping
+ Hanwei Energy Services Corp. agreed to $1.8 million in central Alberta oil & gas interests
+ Home Depot is developing a distribution centre in Dufferin North in SE Calgary; 650,000 sq. ft. facility will be operational in late 2015
+ Stephen Harper in South Korea to solidify free-trade agreement



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INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ GTA(greater Toronto area) housing prices remain strong, but condo market is slumping in both sales and price due to oversupply – lenders financing developers are getting nervous
 
+ Lanesborough REIT closed its $63.2 acquisition of Parson Landing in Fort McMurray



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