+ Brian Jean to Leader @ Wildrose Party/Leader of The Official Opposition, Alberta Legislature; says he’s pursue election in Fort McMurray/Conklin riding in next election
+ Brad Cutsey to Pres. @ InterRent REIT
+ Chris Law to CFO @ Seven Generations Energy Ltd.
+ Chris Turchansky to Pres. ATB Investor Services @ ATB Financial
+ Curt Ziemer to VP Finance & CFO @ LGX Oil + Gas Inc.
+ Doug Murphy to Pres. & CEO @ Corus Entertainment Inc.
+ Harry Cupric, CFO @ Seven Generations Energy Ltd., resigned
+ James Shockney, CFO @ Rooster Energy Ltd., died
+ John Cassaday, Pres. & CEO @ Corus Entertainment Inc., retired
+ Kevin Johnston to VP Accounting @ Seven Generations Energy Ltd.
+ Kyle Brenner to Corporate Counsel @ Seven Generations Energy Ltd.
+ Louise Gallagher to Director, Communications @ Calgary Homeless Foundation
+ Matt Janisch, VP Finance & CFO @ LGX Oil + Gas Inc., left the company
+ If a man insisted always on being serious, and never allowed himself a bit of fun and relaxation, he would go mad or become unstable without knowing it. – Herodotus
+ True relaxation, which would do me the world of good, does not exist for me. – Gustav Klimt
FACILITYCalgary current week data
this site is refreshed with a new issue every Tuesday morning
updated ... March 31, 2015
TODAY'S HEADLINES
Airport terminal delayed 1 year | ConocoPhillips selling assets | Future Shop closures | GOA Budget details | oil price down as Iranian deal deadline approaches | Prentice Watch + David Docherty interview | upcoming events & corp. meetings + financings + executive and board appointments >>>>
+ Blackstone agreed to acquire 95% interest in Times Square office building in London, UK; 380,000 sq. ft. building for US$400 million
+ Carey Watermark Investors Inc. acquired the Westin Pasadena (350 rooms) for US$142.5 million
+ Ivanhoe Cambridge and Callahan Capital Properties acquired 40% of 515 North State Street, Chicago for US$55 million’ 29-storey, 654,000 ft2
+ Pure Industrial REIT closed $11.1 million sale of 4 Ontario buildings
+ Tricon Capital Group Inc.’s sub. agreed to acquired 1,400 single-family rental homes portfolio in North Carolina, South Carolin and Texas; price not disclosed
+407 International Inc. closed $150 million debt financing
+ Best Buy closing ‘Future Shop’ branded stores, rebranding 65 as Best Buy, closing 66 altogether leaving 192 stores
+ Blackrock Inc. and First Reserve Corp. agreed to acquire 45% interest in two ‘under construction’ Mexican pipelines from Pemex; terms not disclosed
+ Calgary Airport – International Terminal completion delayed; the Calgary Airport Authority now predicts an opening in fall 2016 rather than fall 2015 as earlier announced
+ Connacher Oil and Gas Limited got shareholder and noteholder approval for its recapitalization plan
+ ConocoPhillips put 20% of its non-oilsands western Canada assets on the block; engaged advisors to market 35,000 BOE/D
+ Dow Chemical agreed to divest its chlorine business; merging with Olin Chemical nets US$5 billion to Dow
+ current energy prices: live link to Bloomberg.com commodities data; volatility in oil prices due to Iran-U.S. nuclear negotiations and Yemen conflicts possibly disrupting shipping lane activity; if Iran nuclear deal happens, oil-trade sanctions will likely be lifted, increasing supply in an already glutted market (storage in Edmonton, Hardisty & Cushing approaching all-time highs)
+ Extendicare Inc. adopted and advance notice by-law
+ Harvest International New Energy Inc. sub. agreed to acquire Alter NRG Corp. for $147 million
+ GASFRAC Energy Services Inc. got CCAA court approval for its asset purchase to continue operations under supervision of trustee
+ Genesis Land Development Corp. adopted an advanced notice by-law
+ Heinz is buying Kraft in US$75 Billion merger/takeover; seems they are now ’58 varieties’ (Heinz, 3G & Warren Buffett will have 51% of Kraft)
+ Legacy Oil + Gas Inc. announced its 2015 CapEx Budget is $182 million
+ LPI Corp. announced it will develop a 12-storey office tower on the site of the North-West Traveler’s Building (5Ave & 1st St. NE)
+ Marquee Energy Ltd. closed its acquisition of Michichi area assets
+ Marquee Energy Ltd. closed its $20 million production volume royalty sale
+ MEG Energy Corp. adopted an advanced notice by-law
+ Petromanas Energy Inc. adopted an advance notice by-law
+ Royal Dutch Shell is moving oil drilling rigs to Alaska for 2015 drilling season in anticipation of securing permits for earlier work plans stalled by environmentalist protests
+ TeraGo Inc. closed its $33 million acquisition of RackForce Networks Inc.
FINANCINGS - proposed & closed
+ Africa Energy Corp. closed US$4,223,200 equity raise
+ Air Canada closed US$1,031,390,000 debt financing
+ Bell Canada is on the market to raise $500 million in med-term debt
+ Canadian Apartment Properties REIT closed $154,706,750 equity financing
+ Ceiba Energy Services Inc. secured $15 million credit facility
+ Firm Capital Mortgage Investment Corporation closed $980,000 equity raise
+ Kivalliq Energy Corporation is on the market to raise $2.7 million in equity
+ Peyto Exploration & Development Corp. is on the market to raise $150 million in equity
+ RioCan REIT is on the market to raise $175 million in an unsecured debt financing
+ Secure Energy Services Inc. closed $198 million equity financing
+ Shaw Communications Inc. secured US$ 395 million term loan
+ ViaWest Inc. secured US$85 million credit facility
+ 407 International Inc. closed $150 million debt financing
this week in REITS
+ Brad Cutsey to Pres. @ InterRent REIT
+ Canadian Apartment Properties REIT closed $154,706,750 equity financing
+ Pure Industrial REIT closed $11.1 million sale of 4 Ontario buildings
+ RioCan REIT is on the market to raise $175 million in an unsecured debt financing
INFRASTRUCTURE / P3 / GREEN
+ Calgary Airport – international terminal completion delayed; the Calgary Airport Authority now predicts an opening in fall 2016 rather than fall 2015 as earlier announced.
+ Government of Alberta budget calls for $3.4 billion to be spend on health facilities over next five years; planning a 2-site approach for long promised Calgary Cancer Facility; South Campus & Foothills will be the sites … tic toc ..
SAVE THE DATE / GOLF TOURNAMENTS
+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course
