+ a Canadian is someone who knows how to make love in a canoe. – Pierre Burton
+ our government is committed to reducing greenhouse gas emissions and providing clear air for Canadians while keeping the economy strong. – Leona Aglukkaq, Minster of the Environment, Canada
+ ATCO announced it will construst a new facility in Lincoln Park near Mount Royal University; two four-storey office buildings will house ATCO group businesses
+ Calgary’s economy expected to shrink in 2015 – Metropolitan Outlook from Conference Board of Canada
+ Calvalley Petroleum Inc. completed its restructuring and liquidation of sub. Calvalley Energy Limited; shareholders to receive US$48.1 million
+ current energy prices – live link to Bloomberg energy prices ; WTI @US$59+, Brent @ US$66 .. prices down on stronger U.S. dollar and ample supply offsetting Mideast turmoil
+ DeeThree Explorarion and Boulder Energy Ltd. completed their organization; DeeThree changed its name to Granite Oil Corp.
+ Economical Mutual Insurance Company adopted an advance notice by-law
+ Government of Alberta; Jim Prentice met with Premier-designate Rachel Notley – still no date on swearing-in of Notley, naming a cabinet, throne speech or legistlative sesson .. tic toc ..
+ Greek financial crisis continues to make European markets jumpy in cash-for-reforms tug-o-war among Eurozone heavyweights .. tic toc ..
+ Lowe’s is buying 13 Target Canada leases for $151 million (2 Calgary locations in the package)
+ Noble Energy Inc. agreed to acquire Rosetta Resources Inc. for US$2 billion
+ NorthWest Healthcare Properties REIT and NorthWest International Healthcare Properties REIT completed their combination; will operate as NorthWest Healthcare Properties REIT
+ Petronas LNG project hit a speedbump; Lax Kw’alaams Band members voted-down the proposed $1.15 billion deal over fish habitat concerns and, of course, money .. tic toc..
+ Russia is feeling the heat, or maybe the cold, of the downturn – Rosneft is seeking shareholder approval to raise 10 trillion roubles (that’s US$203.5 billion) in debt
+ Southern Pacific Resource Corp. to hibernate its STP-McKay SAGD facility for up to three years due to funding issues; it hasn’t found a buyer, remains under CCAA protection
+ Striker Exploration Corp. agreed to acquire Wilson Creek area oil & gas assets for $3.875 million
+ Tamarack Valley Energy Ltd. agreed to acquire Wilson Creek area assets for $54 million; plans to launch drilling program
+ Trican Well Service Ltd. cut its dividend, reduced workforce by 2,000 and is negotiating to sell its Russian and Kakakhstan pressure pumping business
+ WPT Industrial REIT formed a Special Committee of Trustees to explore strategic alternatives
+ Bellatrix Exploration Ltd. is on the market to raise $250 million in sr. unsecured debt
+ CHC Student Housing Corp. is on the market to raise $92.5 million in equity
+ Emerald Oil Inc. is on the market to raise US$150 million in equity
+ Highbank Resources Ltd. is on the market to raise $900,000 in debt
+ Marsa Energy Inc. is on the market to raise $2.5 million in equity
+ OneRoof Energy Gorup Inc. closed US$3,155,551 convertible debt financing
+ Painted Pony Petroleum Ltd. secured $325 million credit facility
+ Paramount Resources Ltd. is on the market to raise US$400 million in sr. unsecured debt
+ Tamarack Valley Energy Ltd. is on the market to raise $9.1 million in an equity issue
+ Tamarack Valley Energy Ltd. is on the market to raise $70 million in an equity issue
+ Tethys Petroleum Limited secured US$7.5 million convertible debt financing
CLIMATE CHANGE IN THE NEWS
+ Leona Aglukkaq, Minster of the Environment, Canada is attending climate change talks in Berlin this week: G7 Climate Ministers as well as Petersburg Climate Dailogue. She also announced new 2030 Emissions Targets – that Canada plans to reduce its greenhouse gas emissions by 30% below 2005 levels by 2030 … new regulations announced as intentions
+ NorthWest Healthcare Properties REIT and NorthWest International Healthcare Properties REIT completed their combination; will operate as NorthWest Healthcare Properties REIT
+ Steve Evans, Co-CEO @ Pure Industrial REIT, stepped down
+ WPT Industrial REIT formed a Special Committee of Trustees to explore strategic alternatives
INFRASTRUCTURE / P3 / GREEN
+ Calgary city council are calling for a study on feasibility and costs to extend a CTrain spur line to Mount Royal University
+ Calgary S.W. ring road land swap between Government of Alberta and Tsuu T’ina Nation was approved by federal government; now on a 7-yr. time clock to get it built …
+ Ontario Government decision to sell off 60% of Hydro One to help pay for infrastructure invesments is facing political and public opposition .. tic toc ..
OIL SANDS NEWS
+ Southern Pacific Resource Corp. to hibernate its STP-McKay SAGD facility for up to three years due to funding issues; it hasn’t found a buyer, remains under CCAA protection
