+ Enbridge Inc. cut its workforce 5%; 500 full-time jobs gone and long 100 jobs left unfilled; 250 of those in Alberta
+ Enbridge Inc. restarting it’s Line 9 project next month – project will reverse previous direction, will deliver western Canadian and U.S. Bakken crude to Quebec refiners
+ Encana Corporation closed its US$850 million sale of its Haynesville natural gas assets to GEP Haynesville LLC
+ Finning Internationals is closing 27 locations; reducing 1,100 jobs worldwide – 440 of those in Western Canada
+ Forent Energy Ltd. agreed to acquire a portfolio of Twinning area crude oil assets for $4 million
+ GDI Integrated Facility Services Inc. closed its acquisition of Ainsworth Inc.
+ Gear Energy Ltd. announced its 2016 CapEx Budget is $31 million
+ Gran Tierra Energy Inc. agreed to acquired PetroAmerica Oil Corp.
+ Marriott International agreed to acquire Starwood Hotels and Resorts Worldwide for US$12.d billion; deal would make Marriott the world’s largest hotelier with 1.1 million rooms
+ Oryx Petroleum Corporation Limited announced its 2016 CapEx Budget is $31.8 million
+ Painted Pony Petroleum Ltd. announced its 2016 CapEx Budget is $215 million
+ Rogers Insurance Ltd. entered the Ontario market; acquired a controlling interest in CCV Insurance & Financial Services Inc.
+ TransCanada Corporation awarded US$500 million contract to construct Tuxpan Tula natural gas pipeline in Mexico
+ TransCanada Corporation sub. NOVA Gas Transmission secured new contracts which will require expansion of its system; $570 million capital cost of expansion to be completed by 2018
+ TransGlobe Energy Corporation announced its 2016 CapEx Budget is $41 million
+ Tsawwassen First Nation announced their intention to develop and LNG export terminal at Roberts Bank, BC … tic toc …
+ Veresen Inc. announced it will build a wholly-owned ethane storage facility near Burstall, SK; capital cost expected to be $140 million
+ Whitecap Resources Inc. announced its 2016 CapEx Budget is $205 million
THIS WEEK IN FINANCINGS
- proposed & closed
+ AltaGas Ltd. is on the market to raise $200 million in a preferred share issue
+ Avigilon Corporation secured US$240 million credit facility
+ BTB REIT is on the market to raise $25 million in convertible debt
+ CGX Energy Inc. is on the market to raise US$1.5 million in convertible debt
+ Gear Energy Ltd. is on the market to raised $25.8 million in equity
+ Hydro One Limited closed $167 million overallotment of its recent IPO
+ IBI Group Inc. is on the market to raise $6,723,000 in a rights offering
+ LGX Oil + Gas Inc. secured $30 million credit facility
+ Pembina Pipeline Corporation is on the market to raise $400 million in equity
+ PetroMaroc Corporation plc closed $1.0 million debt financing
+ Strata-X Energy Ltd. closed A$ 563,000 equity financing
+ Sunshine Oilsands Ltd. closed $8.585 million equity financing
+ Teekay Corporation is on the market to raise US$200 million in sr. unsecured debt
+ Tilting Capital Corp. closed $399,000 trance of its debt financing
CLIMATE CHANGE / LEED / RENEWABLE ENERGY
+ the American National Coal Council issued a report: Leveling the playing field, addressing Carbon Capture for the coal industry
INTERESTING REAL ESTATE NEWS, other places
+ Berezan Group and Sts’ails Band JV got BC government approval for $1.5 billion expansion of Hemlock Ski Resort near Agassiz, BC
+ Blackstone Group LP agreed to buy US$3 billion in real estate fund investments from California Public Employees Retirement System (CALPERS)
+ Manulife’s sub. John Hancock acquired 5000 Birch in Newport Beach, California; 306,000 sq. ft. Class A/2 building projects for US$104.5 million
+ Marriott International agreed to acquire Starwood Hotels and Resorts Worldwide for US$12.d billion; deal would make Marriott the world’s largest hotelier with 1.1 million rooms
+ Sears Canada agreed to a sale/lease back transaction for its distribution centre north of Toronto; $100 million sale will close in 2016
this week in REITS
+ Agellan Commercial REIT announced its intention to sell its Ontario assets and focus on being an all-U.S. trust over the next year
+ BTB REIT is on the market to raise $25 million in convertible debt
KUDOS
+ to Pembina Pipeline Corporation – raised $2.6 million for United Ways, $2,326,396 for United Way of Calgary and Area
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications, a unit of PLANDflex Corporation - http://plandflex.com
- this site is maintained and updated weekly - last updated January 14th, 2023
