PAST WEEK NEWS REVIEW Mar. 11 - 17
+ Alberta land sale brought in $71.4 million for the Government of Alberta
+ Bank of creating a COO position, re-fining role of #2 officer and recruiting to fill the post Canada
+ Brion Energy Corporation got approval for development of its Commercial Project – a 250,000 barrel/day SAGD project to be operated by Brion for a JV of Athabasca Oil Corporation and Phoenix Energy Holdings Limited Dover
+ EmberClear Corp. formed a 50/50 partnership with Tyr Energy Inc. to develop natural gas fired power plants
+ Enbridge Western Access Inc. acquired a 64 hectare parcel of land for a proposed LNG plant at Grassy Point for $20 million
+ Energy XXI Ltd. agreed to acquire EPL Oil & Gas Inc. for US$1.53 billion
+ Great Prairie Energy Services Inc. closed its $3.8 million acquisition of Green Dawg Inc.
+ Hanwei Energy Services Corp. agreed to acquire $1.8 million in central oil & gas interests Alberta
+ Home Depot is developing a distribution centre in Dufferin North in SE Calgary; 650,000 sq. ft. facility will be operational in late 2015
+ Linde Canada Ltd. acquired Cen-Alta Welding Supplies Ltd.
+ Stephen Harper went to to solidify free-trade agreement South Korea
+ Talisman Energy Inc. closed its $1.5 billion sale of Montney assets to Progress Energy Canada Ltd.
+ TransCanada Pipelines announced its sub. Coastal GasLink Pipeline Ltd. submitted its application for its Environmental Assessment Certificate to the BC government
SAVE THE DATE / upcoming events
+ Mar. 18-19; 9 th Annual BUILDEX Edmonton, Northlands; Edmonton info/register
+ Mar. 25; Green Real Estate conference, Metro Toronto Convention Centre, register/info
+ 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; 10 th Annual Land & Development Conference, Metro Convention Centre; Toronto info/register
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ June 11; OPEC, 165 th Ordinary Meeting, Vienna, Austria
+ July 4 – 13, 2014 – Calgary Stampede – save the date!
+ Mar. 25; Valener Inc., Annual and Special Meeting of Shareholders, Montreal
+ Apr. 10; Cargojet Inc., Annual General Meeting of Shareholders, Toronto
+ Apr. 23; Celestica Inc., Annual General Shareholders Meeting, Toronto
+ Apr. 23; Annual General Meeting of Shareholders, Vancouver CN,
INFRASTRUCTURE / P3 / GREEN
+ Ottawa light rail transit project [financed by National Bank Financial and Sun Life Financial] – the Confederation Line – won North American Public Private Parternship ‘deal of the year’ recognition by Project Finance Magazine
+ Government of Alberta provided a commitment of $250 million in funding, $150 million in matching funds and $200 million in loans to fund ’s Valley Line LRT Edmonton
+ to Cenovus Energy Inc. donated $600,000 to Grasslands School Division No. 6 for literacy programs in 20 schools in southeastern Alberta
+ to RBC’s Janice Fukakusa, named ’s CFO of the Year for 2014 Canada
+ to Agrium – for its donation of $1 million to the Prostate Cancer Centre, to fund the Mike Wilson Active Surveillance Clinic
Encana selling >>>> field | Whitecap acquisition from Imperial Oil | Lucy Miller interview | appointments + financings >>>> Wyoming
FACILITYCalgary current week data
refreshed every Tuesday morning
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 Lucy Miller , Pres. & CEO @ United Way of Calgary and Area
Last week's conversation with Art Price , CEO @ AXIA Netmedia, Chairman @ Sunterra Group
+ Brian Hahn to Pres. @ ATCO Pipelines
+ Lou Doiron to CE@ Rapid Rod Services Ltd. and to VP @ Pelican Energy Partners
+ Min Kun Kim to Pres. & CEO @ Kia Canada Inc.
+ to Vice-Chair @ British Columbia Securities Commission Nigel Cave
+ Patrick Creaghan to Pres. @ ATCO Energy Solutions
+ Paul Bernards to CFO @ Discovery Air Inc.
+ Sean Guest to CEO @ Bukit Energy Inc.
+ Stephen Sigurdson to Sr. Exec. VP, Corp. Affairs and General Counsel @ Manulife Financial
+ Teri McKibbon to CEO @ Aecon Group Inc.
+ Vickie Kaminski to Pres. & CEO @ Health Services Alberta
+ Wayne Chodzicki to Pres. @ Mertex Canada Inc.
RESIGNED, DIED or GOT THE BOOT
+ Clem Gerwing, founder of Alberta Boot Company, died
+ Jean-Paul Bisnaire, Sr. Exec. VP, Corp. Affairs and General Counsel @ Manulife Financial, retiring
+ Thomas Kloet, CEO @ TMX Group Limited, retiring
BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.
+ Bill Gallagher, Founder, Director and Chairman @ Athabasca Oil Corp,, stepped down
+ Gary Guidry, Director @ TransGlobe Energy Corporation, resigned
+ John Beck to Executive Chairman @ Aecon Group Inc.
+ John Veihmeyer to Global Chairman @ KPMG International
+ Karine Macindoe to Director @ Killam Properties Inc.
+ Kristine Delkus to Authority Director @ Calgary Airport
+ Lise Rivard to Director @ Metro Inc.
+ Michael Kelly to Director @ STEP Energy Services
+ Peter Sametz to Director @ Athabasca Oil Corporation
+ Rick LeLacheur to Chairman @ Travel Alberta
+ Robert Heinemann to Director @ Crescent Point Energy Corp.
+ Thomas Buchanan, Director @ Hawk Exploration Ltd., resigned
+ Thomas Buchanan to Chairman @ Athabasca Oil Corporation
FINANCINGS - proposed & closed
+ Enbridge Inc. closed $275 million redeemable preferred share issue
+ Husky Energy is on the market to raise US$750 million in sr. unsecured debt
+ Inter Pipeline Ltd. is on the market to raise $300 million in equity
+ Leader Energy Services Ltd. secured $5 million revolving credit facility
+ Marksmen Energy Inc. is on the market to raise $2.24 million in common shares & warrants offering
+ Mohave Oil and Gas Corporation is on the market to raise US$15 million in convertible debt
+ Northland Power Inc. closed $3,750,000 over-allotment of its recent debt financing
+ Strategic Oil & Gas Ltd. is on the market to raise $50 million in equity
+ Terra Energy Corp. closed $498,000
+ Traverse Energy Ltd. closed $11.5 million equity financing
“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.” – Anaïs Nin
“Risk comes from not knowing what you’re doing.” – Warren Buffett
NEWS TODAY March 18 / 2014
+ Caracal Energy Inc. and TransGlobe Energy Corporation agreed to merge; combined market cap. of US$1.8 billion
+ Chesapeake Energy Corp. announced it will sell its oilfield services division
+ CHS Inc. agreed to acquire 16 retail facilities in Alberta and Saskatchewan from Agrium Inc.; price not disclosed
+ Donna Kennedy-Glans, Government of Associate Minister for Electricity and Renewable energy, resigned from Cabinet and left the PC caucus to sit as an independent MLA Alberta
+ Encana Corporation in talks to sell its Jonah Field project in Wyoming to Carlyle Group LP and NGP Energy Capital Management LLC for $2 billion
+ Keyera Corp. agreed to acquire several gas plant facilities in west-central Alberta from Whitecap Resources Inc. for $113 million
+ SilverWillow Energy Corporation engaged advisors for a review of strategic alternatives to enhance shareholder value
+ Whitecap Resources Inc. agreed to acquire a portfolio of and BC oil & gas assets from Imperial Oil Limited for $855 million Alberta
sponsors of this week's issue:
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ American Hotel Income Properties REIT LP closed its acquisition of four hotel properties located in Virginia for US$37.1 million; 403 rooms in Virginia – 3 Hampton Inns, 1 Fairfield Inn & Suites