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FACILITYCalgary June28/22

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 PAST WEEK NEWS REVIEW 
 Nov. 12 - 18 


 

+ Antrim Energy looking at divesting its Causeway field in the North Sea
+ ATB Financial – Daily Economic Comment
+ Baker Hughes Inc. suspended operations in Iraq, issued Force majeure notices to customers, claiming employees and facilities at risk due to local resident protests in Basrah
+ Bellatrix Exploration Ltd closed its transaction – a JV with Troika Resources Private Equity Fund; $240 million
+ Birchcliff Energy Ltd. announced its 2014 CapEx Budget is $275 million
+ CNOOC Limited/Nexen Energy ULC entered agreement with BC Government to examine viability of an LNG export facility at Grassy Point near Prince Rupert; acquired site for $12 million
+ Finance Minister Flaherty predicting federal government surplus of $3.7 billion for 2015-16
+ Government of Canada has committed $2.8 billion to contribute to flood aid in Alberta relating to June/2013 floods; Alberta was seeking $3.1 billion …. and no word on when payment will occur
+ IKEA agreed to acquired 46MW Oldman 2 Wind Farm from Mainstream Renewable Power for $90 million
+ International Energy Agency predicting U.S. self sufficiency in oil over next two decades as a result of shale oil growth
+ JPMorgan Chase agreed to a US$4.5 billion settlement with regulators over its involvement in scheme to sell shaky mortgage-backed securities (part of earlier announced $13 billion settlement)
+ Novus Energy Inc. got shareholder approval of its $320 million acquisition by Yanchang International (Canada) Limited
+ PetroChina and China National Petroleum Corp. agreed to acquire Petrobras’s Peruvian oil & gas assets for US$ 2.6 billion
+ PwC issued its 2014 outlook report – Emerging Trends in Real Estate
+ PwC issued its report – Innovation surge sparks oil sands opportunities report
+ Sears Canada Inc. agreed to a 50% JV disposition of eight Quebec properties, yielding $315 million
+ south-east ring road still not open; contractors say it will be open later this week . . .
+ Summit Industrial Income REIT secured approval to list on the Toronto Stock Exchange
+ Surge Energy Inc. closed $147 million acquisition of Steelman, SK area producing light oil assets
+ Surge Energy Inc. closed $135 million acquisition of SW Manitoba producing light oil assets
+ stock markets nervous on thin trading, fears U.S. Federal Reserve will pull back from its easy money policy sooner rather than later . . .
+ Tourmaline Oil Corp. announced its 2014 CapEx Budget is $900 million
+ TransCanada Corporation launched a binding open season for its Cushing Marketlink Pipeline to Port Arthur, Texas from Cushing, Oklahoma
+ Transocean resolved its proxy battle with Carl Ichan; trimming costs to boost margins and dividend
+ TriOil Resources Ltd. closed its arrangement to be acquired by ORLEN Upstream sp. For $183.7 million



FINANCINGS - proposed & closed

 

+ Alhambra Resources Ltd. raised $5.0 million in convertible debt
+ Cardinal Energy Ltd. is on the market to raise $250 million in an IPO
+ DeeThree Exploration Inc. is on the market to raise $35,150,000 in equity
+ Edge Resources Inc. closed $3,535,980 equity financing
+ HealthLease Properties REIT closed $50 million convertible unsecured sub. debt issue
+ Ivrnet Inc. closed $310,000 equity financing
+ Madalena Energy Inc. is on the market to raise $8,000,340 in equity
+ NuVista Energy Ltd. is on the market to raise $78.1 million in equity
+ Petroforte Intl. Inc. is on the market to raise $15 million in equity
+ Porto Energy Corp. is on the market to raise US$ 1.5 million in debt & warrants issue
+ PRO REIT is on the market to raise $11.1 million
+ PDVSA (Venezuelan state oil co.) is on the market to raise US$ 4.5 billion in debt
+ RMP Energy Inc. closed $50,020,000 equity financing
+ ShaMaran Petroleum Corp. closed $157,305,000 debt financing
+ TAG Oil Ltd. closed $25,080,000 equity financing
+ Whistler Blackcomb Holdings Inc. closed $300 million credit facility
+ Whitecap Resources Inc. closed $65 million equity financing



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Starlight U.S. Multi-Family (No. 2) Core Fund closed its acquisition of US$63.6 million portfolio of Texas multi-family properties
 
+ Amazon is leasing a fulfillment facility in Poland; largest logistics facility in Poland (95,000 sq. m.)
 
+ Savvis broke ground on co-location data center in Markham for cloud infrastructure and TR3 data centre; 100,000 sq. ft., will open summer 2014



 Mark Kolke on YouTube:

 
Mid-2013 Market Overview - Calgary Commercial Real Estate

discusses office leasing

discusses FACILITYCalgary



 coming soon for FACILITYCalgary subscribers


+ REITrag .. monthly newsletter and website archive – everything that is happening in the REIT industry, of interest to anyone investing in or doing business with REITs
 
+ OILSANDS Bulletin– monthly newsletter, website archive, employment marketplace for oilsands news, technology, employment and much more



 INFRASTRUCTURE / P3 / GREEN


 

+ Alterra Power Corp. agreed to acquired the 49% of 62MW Jimmie Creek run-of-river hydro project it did not already own agreed to sell 100% of its power to BC Hydro for 40 yrs.
 
+ Aecon Group Inc/ACS Dragados Canada Inc. JV awarded $177 million contract for Eglinton Crosstwon LRT project in Toronto
 
+ IKEA agreed to acquired 46MW Oldman 2 Wind Farm from Mainstream Renewable Power for $90 million
 
+ Calgary Homeless Foundation planning 30 unit building in the Beltline; also pursuing acquisition of two other sites
 
+ Infrastructure Ontario and Cambridge Memorial Hospital issued an RFP – to build and finance hospital and redevelopment project

FACILITYCalgary
current week data
posted every Tuesday morning




CONVERSATIONS

FACILITYCalgary Publisher Mark Kolke visits with interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future - and shares what caught his attention.  
 
This week's conversation with Ron Kurczaba from Riddell Kurczaba Architecture Engineering Interior Design Ltd.
 
Last week's conversation with Cathy Martin from Hampson-Russell Software
 
 
 
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Alex Macdonald to Chief Investment Officer @ OP Trust
+ Anca Drexler to Sr. VP Risk Management @ OP Trust
+ Andrew Wiacek to Pres. @ TriOil Resources Ltd.
+ Bruce Cawson to VP Engineering @ TriOil Resources Ltd.
+ Bruce Ross to Global Head, Technology and Operations @ Royal Bank of Canada
+ Dan Beaulieu to COO, Canada @ High Arctic Energy Services Inc.
+ Dennis Sykora to Interim CEO @ High Arctic Energy Services Inc.
+ Geoffrey Holub to Partner @ Stikeman Elliott
+ Louis Gagnon to Pres., Service and Distribution @ Intact Financial Corporation
+ Louise Marcott to Sr. VP & CFO @ Intact Financial Corporation
+ Magda Manosalva to CFO @ Ecopetrol S.A.
+ Mark Tullis to Exec. VP Governance and Capital Management @ Intact Financial Corporation
+ Mary Lou Maher to Chief Diversity Officer @ KPMG LLP
+ Rick Brace, Pres. Specialty Channels @ CTV, retiring at end of Dec.
+ Roger Woeller to co-CEO @ BluMetric Environmental Inc.
+ Sami Iskander to COO @ BG Group
+ Shaun Wyzykoski to VP Exploration @ TriOil Resources Ltd.
+ Ted Menzies to Pres. & CEO @ CropLife Canada
+ Timothy Geithner to Pres. @ Warburg Pincus 

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




RESIGNED, DIED or GOT THE BOOT

+ Bruce Thiessen, CEO @ High Arctic Energy Services Inc., retiring
+ Martin Houston, COO @ BG Group, stepped down
+ Russell Tripp, Pres. & CEO @ TriOil Resources Ltd., retired



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Dr. Michael Hession to Director @ InterOil Corporation
+ Martin Hall to Director @ Karnalyte Resources Inc.
+ Russell Tripp to Chairman @ TriOil Resources Ltd.
+ Wesley Clark to Director @ Petromanas Energy Inc.



 SUGGESTIONS / COMMENTS:

feedback@facilitycalgary.com



 KUDOS

+ to Murray Edwards – won the International Horatio Alger Award for 2014



 SAVE THE DATE / upcoming events

 

+ Nov. 19; CMHC’s Calgary Housing Outlook Conference, BMO Centre, Calgary - register
+ Nov. 20; IFMA Calgary Annual Silent Auction and 25th Yr. Celebration, Alloy Restaurant info/register
+ Nov. 22; North America’s Energy Future (Dr. Steven Chu & Jim Prentice), TELUS Convention Centre, Calgary -  info/tickets
+ Dec. 3 – 5; Toronto Real Estate Forum, Metro Toronto Convention Center, info/register
+ Dec. 4 – 5; 12th Annual Oil Sands Symposium, Marriot Downtown Calgary, info/register
+ Dec. 4; OPEC – 164th Ordinary Meeting, Vienna
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 SHAREHOLDER MEETINGS

 

+ Nov. 29; Novus Energy Inc., Annual and Special Shareholder Meeting, Calgary
+ Nov. 29; Trez Capital Mortgage Investment Corporation, Special Meeting of Shareholders, Toronto
+ Nov. 29; Trez Capital Senior Mortgage Investment Corporation, Special Meeting of Shareholders, Toronto
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of MaxComm Communications
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NEWS TODAY 
 November 19 / 2013 


 

+ current energy prices: live link to Bloomberg.com commodities data
+ Dow Jones Industrial Average hit record high yesterday – closed at 15,976.02
+ Equal Energy Ltd. concluded its strategic alternatives process; negotiations underway with undisclosed party
+ Fairfax Financial Holdings Ltd. agree to acquire 51% stake in Keg Restaurants Ltd.; David Aisenstat to retain 49% and stay on as CEO
+ Fraser Institute report issued – its Global Petroleum Survey ; authored by Alana Wilson, Gerry Angevine and Miguel Cervantes
+ Gear Energy Ltd. announced its 2014 CapEx Budget is $70 million
+ investors watching closely – U. S. Federal Reserve to release its stimulus program  guidance on Wednesday and Chairman Bernanke to speak tonight …
+ OECD predicts Bank of Canada will raise interest rates to 2.25% by end of 2015
+ Sky Harvest Energy Corp. agreed to sell its Saskatchewan windpower assets; buyer not disclosed
+ Starlight U.S. Multi-Family (No. 2) Core Fund closed its acquisition of US$63.6 million portfolio of Texas multi-family properties
+ … today is the 150th anniversary of Abraham Lincoln’s Gettysburg Address

 coming soon . . . a new sponsor


 

+ joining us very soon, a new sponsor - Premiere Van Lines  - OFFICE MOVERS



 sponsors of this week's issue:

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 QUOTES

 

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“A man may die, nations may rise and fall, but an idea lives on.” – John F. Kennedy



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