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FACILITYCalgary June28/22

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 PAST WEEK NEWS REVIEW 
 Feb. 25 - Mar. 3 


 

+ Advantage Oil & Gas Ltd. closed $194.1 sale of 19.8% inerest in Longview Oil Corp. to Surge Energy Inc. 
+ Aecon Group JV with SNC-Lavalin Constructors Pacific Inc. won contract for John Hart Generating Station project in British Columbia
+ Agrium Inc. announced it will expand its nitrogen plant in Borger, Texas; $720 million
+ ALTEN Canada acquired Consultem Inc.
+ Alterra Power Corp. closed its acquisition of Shannon wind project (202MW) in Texas
+ Apache Corp. announced its 2014 CapEx Budget is US$8.5 billion, of which US$ 600 million will be spent in Canada
+ Apache Corp. announced it will sell 50% of its stake in the Kitimat LNG project
+ ATB Financial – Daily Economic Comment
+ B.C. land sales in February fetched $25.38 million
+ BNP Resources Inc. agreed to sell its Jensen wellbores and leases for $200,000
+ Chesapeake Energy Corporation agreed to sell 437 natural gas compression unites in two deals (Access Midstream Partners LP and Exterran Partners LP) for US$ 520 million
+ Chesapeake Energy Corporation planning to sell off its oilfield services division
+ emerging markets aren’t what they used to be – Brookings Institution talks about that State of the International Order
+ Excelerate Energy has applied to the U.S. Federal Energy Regulatory Commission to build and operate a floating LNG export facility; to be offshore near Lavaca Bay, Texas planned to be operational in late 2018
+ First Capital JV with an undisclosed financial institution acquired Seton Retail Centre from Brookfield; $73 million ($576/sq. ft.), a 6.1% going in cap rate
+ Government of Alberta announced funding to flood-protect schools; 3 schools in Calgary, 5 in High River
+ Government of Alberta released its 3rd qtr. financial results
+ Government of Alberta – March 3rd Throne Speech – full text
+ Irving Oil performing scheduled maintenance at its Saint John refinery; 6 week/$60 million  turnaround
+ Keystone XL Pipeline took a ½-gossip step forward; Nebraska Governor says President Obama will make decision in a couple of months … tic-toc
+ Ledcor Group sub. Summit Helicopters agreed to acquired CC Helicopters
+ Manitok Energy agreed to sell central Alberta oil & gas assets for $22.85 million
+ Manitok Energy announced an increase in its 2014 CapEx Budget to $115.1 million
+ Marquee Energy Ltd. agreed to acquire Michichi area oil producing assets from Paramount Resources Ltd. for $11,650,000
+ Marquee Energy Ltd. announced an increase in its 2014 CapEx Budget to $46 million
+ Mooncor Oil & Gas Corp. agreed to acquire Birch Lake Eneryg Inc.
+ Neo Exploration went into receivership; MNC Ltd. is Receiver/Manager
+ Petronas agreed to sell a 25% stake in its Canadian shale gas assets to an undisclosed Indian company and Asian gas buyer
+ Petrus Resources Ltd. acquired $22.85 million foothills oil & gas assets
+ Pure Multi-Family REIT LP adopted a unitholder rights plan
+ Rogers Communications opened  ‘Calgary_DC3’, a Tier III data centre, in Calgary (85,000 sq. ft. / 900 cabinets) gives no meaning to the term ‘server hotel’ or co-location
+ Strategic Group sub. Strategic Financial acquired distressed debt of Atlantic Living Group of Companies; a de-facto take over of 939 apartments in 48 buildings in Nova Scotia, MetCap Living Management to take over as property manager
+ Sun Life Financial Inc. relocating/consolidating its Toronto headquarters at One York Street; scheduled relocation in 2017. 35 storey building, $375 million project is targeted to be a LEED Platinum project – JV is with Menkes Developments Ltd and Healthcare of Ontario Pension Plan (HOOPP). HOOPP will also be a tenant
+ Taiga Building Products Ltd. did a sale/leaseback transaction for its 5 Canadian distribution facilities with Korite Capital Corporation; $20 million purchase, 20 yr. leaseback with renewal options
+ Tim Hortons’ Inc. announced it will expand globally, adding 1,020 stores, 500 of them in Canada
+ U.S.  – Energy Information Administration report says U.S. oil output in 2013 was highest level in 25 years
+ Weatherford International Ltd. announced it will sell off 5 businesses, close another and reduce staff by 7,000
+ Western Energy Services Corp. increased its 2014 CapEx Budget to $104 million
+ Williams Partners LP is acquiring Williams Companies Inc. assets in Alberta for US$1.2 billion
+ Ziao Corporation closed its acquisition of 60% of Valuation Vision LLC, US$1.55 million



 SAVE THE DATE / upcoming events

 

+ Mar. 5-7; World Heavy Oil Congress 2014, New Orleans; info/register
+ Mar. 6; Alberta 2014 Budget Speech, Legislature, Edmonton
+ 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
+ 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 ]



 KUDOS

 

+ to NGX, wholly-owned subsidiary of TMX Group Limited (who just celebrated its 20th anniversary); announced its first NGX Charity Trading Day - March 14th, 2014. NGX will donate a portion of its revenue to the Tom Baker Cancer Centre in memory of Gary Gault. Gary worked for NGX since its inception
 
+ to Stephen Ames, named to the Canadian Golf Hall of Fame ..
 
+ to David Bissett – he donated $5 million to SAIT fro a scholarship endowment program
 



 SHAREHOLDER MEETINGS

 
+ Mar. 26; Ecopetrol S.A., General Shareholders Meeting, Bogota
+ 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 ]

FACILITYCalgary
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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 Ron Ghitter, former Senator, former MLA, Director of Tennis Canada, lawyer and Principal @ Certus Developmnets
 
Last week's conversation with Kevin Ellis , Senior Director - Cost Consulting & Project Management @ Altus Group
 
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Benoit Daignault to Pres. & CEO @ Export Development Canada
+ David Ramsay to Regulator, Onshore Oil & Gas @ Government of the Northwest Territories
+ David Westlund to Director, Sales @ Canyon Technical Services Ltd.
+ Dennis Foehlich, resumes his role as Exec. VP & COO @ AltaLink
+ Graham Marjoribanks to Partner @ BDO
+ Hetal Kotecha to Partner @ BDO
+ Jeff Lutzak to Partner @ Collins Barrow Calgary
+ Jennifer Tory to Group Head, Personal & Commercial Banking @ Royal Bank of Canada
+ Joel Croteau to Pres, North American Business @ TAQA North America
+ Kevin Gibson to Pres. & CEO @ Palliser Oil & Gas Corporation
+ Michael Jones to Interim CEO @ Equity Financial Trust Company
+ Michelle McCarthy to Chief Compliance and Regulatory Affairs Officers @ The Cash Store Financial Inc.
+ Mike Woollatt to CEO @ Canadian Venture Capital and Private Equity Association
+ Mina Mawani to Pres. & CEO @ Canadian Women’s Foundation
+ Nathan Brown to Principal Financial Officer & Controller @ TC Pipelines GP Inc.
+ Peter Gregg to Pres. & CEO @ Enersource Corporation
+ Preston Swafford to Chief Nuclear Officer, Pres. & CEO Candu Energy @ SNC-Lavalin Inc.
+ Robert Baillie to Pres. & CEO @ State Street Trust Company Canada
+ Scot Thon, resumes his role of Pres. & CEO @ AltaLink
+ Steve Orr to CEO @ ShawCor Ltd.
+ Vanessa McDonald to Sr. VP and National Practice Leader, Consumer and Technology @ Weber Shandwick
+ Zey Emir to Pres. @ Revay and Associates Limited 

[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]




RESIGNED, DIED or GOT THE BOOT

 

+ Allan Carswell, Pres. & COO @ Palliser Oil & Gas Corporation, left the company
+ Bill Buckley, CEO @ ShawCor Ltd., retiring May 1
+ Edward LaFehr, Pres, North American Business @ TAQA North America, stepped down
+ Joseph Dear, CIO @ Calpers, died
+ Lou Pomerance, business man and philanthropist, died
+ Paul Smith, CEO @ Equity Financial Trust Company
+ Sandra Ryan-Robinson, Principal Financial Officer & Controller @ TC Pipelines GP Inc., stepped down



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Catherine Davis to Director @ TC Pipelines GP Inc.
+ Ian Ekholm to Director @ Ceiba Energy Services Inc.
+ Jaffar Khan to Chairman @ Eurogas International Inc.
+ Joel Hunter to Director @ TC Pipelines GP Inc.
+ John Rak, VP Corp. Dev. @ Stetson Oil & Gas Ltd.
+ John Veihmeyer to Global Chairman @ KPMG International
+ Leah Lawrence to Director @ CO2 Solutions Inc.
+ Ned Goodman, Director @ Eurogas International Inc., resigned
+ Ned Goodman, Director @ Dundee Energy Limited
+ Neil Mackenzie to Director @ Yangarra Resources Ltd.
+ Pierre Laflamme, Director @ BLF REIT, resigned
+ Stephen Balog to Director @ Questfire Energy Corp.
+ Ted Morton to Director @ Yangarra Resources Ltd. 



FINANCINGS - proposed & closed

 

+ Artisan Energy Corporation is on the market to raise $15 million in equity
+ BlackPearl Resources Inc. is on the market to raise $70.23 million
+ Crombie REIT is on the market to raise $100 million in sr. unsecured debt
+ Manulife Financial Corporation closed $200 million preferred share issue
+ Mart Resources Inc. secured US$175 million term loan facility
+ Oanda Energy Resources Inc. closed US$50 million equity financing
+ Oncolytics Biotech Inc. closed US$1 million equity financing
+ Rogers Communications Inc. is on the market to raise $1.25 billion in sr. unsecured debt
+ Rogers Communications Inc. is on the market to raise US$75 million in sr. unsecured debt
+ Terra Energy Corp. closed $1,502,000 flow-through shares issue
+ Timbercreek Mortgage Investment Corporation closed $30 million conv. debt financing
+ Timbercreek Mortgage Investment Corporation closed $4.5 million over-allotment of its recent conv. debt financing



 INFRASTRUCTURE / P3 / GREEN


 

+ Aecon Group JV with SNC-Lavalin Constructors Pacific Inc. won contract for John Hart Generating Station project in British Columbia; sub-contractor events announced 
 
+ 3 teams shortlisted for Surrey Organics Biofuel Processing Facility
 
+ CN closed sale of rail line used by commuter trains between Deux-Montagnes and Montreal's Central Station to Agence métropolitaine de transports for $97 million



 QUOTES

 

“The only thing better than singing is more singing.” – Ella Fitzgerald
 
“There is still no cure for the common birthday.” – John Glenn



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

NEWS TODAY 
 March 4 / 2014 


 

+ Bank of Canada – interest rate announcement tomorrow, 10AM, ET
+ current energy prices: live link to Bloomberg.com commodities data ; natural gas down from recent peaks, oil up on Ukraine/Crimean peninsula crisis
+ Enbridge Energy Partners LP announced a $7 billion mainline replacement program for its Edmonton – Superior, Wisconsin Line 3
+ Genesis Land Development Corp. closed the sale of a non-core site (121 acres in Acheson) for $14 million
+ manufacturing down across Canada; only up in Alberta & BC according to RBC industry survey
+ Morneau Shepell Inc. acquired ADP Canada Co.
+ Pacific NorthWest LNG submitted its Environmental Impact Statement to regulators
+ Zaio Corporation agreed to acquire Axis Appraisal Management Solutions for US$3.25 million



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INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Taiga Building Products Ltd. did a sale/leaseback transaction for its 5 Canadain distribution facilities with Korite Capital Corporation; $20 million purchase, 20 yr. leaseback with renewal options
 
+ Sun Life Financial Inc. relocating/consolidating its Toronto headquarters at One York Street; scheduled relocation in 2017. 35 storey building, $375 million project is targeted to be a LEED Platinum project - JV of Menkes Developments Ltd and Healthcare of Ontario Pension Plan (HOOPP). HOOPP will also be a tenant
+ Slate U.S. Opportunity (No. 3) Realty Trust agreed to acquire Southgate Crossing, 160,000 sq. ft. grocery anchored retail centre in Minot, North Dakota for US$ 29,215,000, a going in cap rate of 8.1%



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