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FACILITYCalgary June28/22

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 PAST WEEK NEWS REVIEW 
 Nov. 19 - 26 


 

+ AIMCo’s CEO plans to steer up to $100 million in efficient oilsands technologies in aid of reducing cost differential between Alberta bitumen and WTI
+ Alberta Government announced go-ahead on Elbow River headwaters dry dam upstream and funding to City of Calgary to study diversion tunnel under the city
+ Alberta Land Sales – Petroleum & Natural Gas - Results and Future Offerings
+ ATB Financial – Daily Economic Comment
+ Capital Power Corporation closed US$541 million sale of its 3 New England gas-fired power generation facilities to Emera Inc.
+ DeeThree Exploration Ltd. increased its 2013 CapEx Budget by $40 million to $200 million
+ Devon Energy Corp agreed to by Eagle Ford assets held by acquiring GeoSouthern Energy for $6 billion from The Blackstone Group
+ Encana Corporation began its downsizing layoffs …
+ Equal Energy Ltd. concluded its strategic alternatives process; negotiations underway with undisclosed party
+ Exxon Mobil Corp. agreed to sell its Hong Kong utility and power storage business for $3.4 billion
+ Fairfax Financial Holdings Ltd. agree to acquire 51% stake in Keg Restaurants Ltd.; David Aisenstat to retain 49% and stay on as CEO
+ Ferus Natural Gas Fuels and ENN Canada Corporation formed JV to develop and operate two LNG plants in Canada (Vancouver and Edmonton) to serve on-road trucking
+ 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
+ Hemisphere Energy Corporation closed $3.35 million acquisition of Atlee Buffalo area oil & gas assets
+ Lightstream Resources Ltd. is looking to sell $600 million in non-core assets
+ Lightstream Resources Ltd. announced its 2014 CapEx budget is $525 million
+ National Energy Board issued a report: Skyrocketing Demand For Imported Diluent
+ Morguard Investments Limited, on behalf of HOOPP and Morguard REIT, agreed to acquire portfolio of retail assets from Canada Pension Plan Investment Board for $500 million; HOOPP gets centres in Sudbury and Thunder Bay, Morguard REIT gets Pine Centre Mall in Prince George
+ Partners REIT control change; League Assets Corp. sold its 15% interest to McCowan and Associates Ltd. for $27 million
+ Peyto Exploration & Development Corp. announced its 2014 CapEx Budget is $575 million
+ Premier Alison Redford got a 77% approval by the Alberta Progressive Conservative Party in a leadership review
+ Saskatchewan Roughriders won the Grey Cup, defeating Hamilton Tiger Cats 45 – 23
+ Sky Harvest Energy Corp. agreed to sell its Saskatchewan wind power assets; buyer not disclosed
+ southeast leg of Stoney Trail opened … will take pressure of Deerfoot Trail
+ Spyglass Resources Corp. announced its 2014 CapEx Budget is $60 million
+ Starlight U.S. Multi-Family (No. 2) Core Fund closed its acquisition of US$63.6 million portfolio of Texas multi-family properties
+ Statoil announced its 2014 CapEx Budget is $3.75 billion
+ Statoil has delayed its planned ($7billion) development of UK North Sea Bressay heavy oil field; looking to simplify project to reduce costs
+ Suncor Energy Inc. announced its 2014 CapEx Budget is $7.8 billion
+ The League Group (owner of IGW REIT), filed for court protection under the Companies Creditors Arrangement Act
+ TransCanada Corp. pushed back the start date of Keystone XL project to 2016, increased budget by $100 million to $5.4 billion
+ Whitecap Resources Inc. agreed to $327.4 million acquisition of company with Viking production in the Kindersley area
+ Whitecap Resources Inc. announced its revised 2014 CapEx Budget will be $255 million
+ Yangarra Resources Ltd. announced its 2014 CapEx Budget is $45 million
+ Yoho Resources Inc. announced its 2014 CapEx Budget is $31 million
+ Zargon Oil & Gas Ltd. announced its 2014 CapEx Budget is $49 million



FINANCINGS - proposed & closed

 

+ BNP Resources Inc. closed $9,201 common share issue
+ Cardinal Energy Ltd. is on the market to raise $225 million by 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
+ Enterprise Group Inc. secured $35 million credit facility
+ GTE Solar Inc. is on the market to raise $1.6 million in flow-through shares
+ Hemisphere Energy Corp. is on the market to raise $4,000,400
+ Imaging Dynamics Company Ltd. closed $500,000 equity financing
+ International Frontier Resources Corporation closed $260,000 common share & warrants issue
+ Keyera Corp. closed $231 million debt financing
+ Madalena Energy Inc. closed $3 million flow-through shares issue
+ Manitoba Telecom Services Inc. are on the market to raise $200 million in equity
+ Marksmen Resources Ltd. is on the market to raise $300,000
+ McCoy Corporation is on the market to raise $32.86 million in equity
+ Questerre Energy Corporation closed $30 million equity financing
+ Raging River Exploration Inc. closed $78,400,000 equity financing
+ Raging River Exploration Inc. secured $225 million credit facility
+ RMP Energy Inc. closed $50,020,000 equity financing
+ Secure Energy Services Inc. is on the market to raise $95.7 million in equity
+ ShaMaran Petroleum Corp. closed $157,205,000 debt financing
+ Storm Resources Ltd. closed $33,835,000 in new equity
+ Traverse Energy Ltd. is on the market to raise $2,016,000 in flow-through shares
+ Twin Butte Energy Ltd. is on the market to raise $85 million in convertible debt
+ Yangarra Resources Ltd. is on the market to raise $7 million



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INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Melcor REIT agreed to acquire Liberty Crossing property in Red Deer’s Gasoline Alley; 63,328 sq. ft. , $13.2 million
 
+ Bentall Kennedy agreed to acquired an Amazon.com tenanted distribution centre in Texas; 1.1 million sq. ft. from Hillwood Development Company – price not disclosed 
 
+ RioCan REIT agreed to sell its 50% interest in Dix/302 in Brossard, QC to its partner Devimco for $192.5 million
 
+ Ivanhoé Cambridge closed its acquisition of twin office buildings in the West Loop submarket of Chicago's business district; US$360 million, 100% ownership, 1.4 million ft2
 
+ American Hotel Income Properties REIT LP closed US$57.3 million Pittsburgh 4 hotel portfolio acquisition
 
+ Tricon Capital Group acquiring 2,100 acres in Conroe (north Houston) in master-planned community adjacent to The Woodlands and Exxon-Mobil’s new headquarters

FACILITYCalgary
current week data
posted every Tuesday morning




CONVERSATIONS

Publisher 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 Steve Wuori from Enbridge Pipelines
 
Last week's conversation with Ron Kurczaba from Riddell Kurczaba Architecture Engineering Interior Design Ltd.
 
 
 
 
 

Archived conversations 



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SHAKERS AND MOVERS

 

+ Alexy Romanov to Partner @ Sproule
+ Barbara Mason to Chief Human Resources Officer @ ScotiaBank
+ Blair Abernethy to Sr. Technology Research Analyst @ Cantor Fitzgerald
+ Charles Proulx to VP Coil Services North America @ Xtreme Drilling and Coil Services
+ Chris Smith to Pres. & CEO @ Detechtion Technologies
+ Dale Unruh to COO @ CEDA International Corporation
+ Derek Holst to Partner @ Sproule
+ Douglas Write to VP Engineering  & Corp. Dev. @ Strategic Oil & Gas Ltd.
+ Gerry Conroy to Sr. VP Products and Portfolio @ Detechtion Technologies
+ Jake Brace to Pres. @ Niko Resources Ltd. eff. Jan. 1/14
+ James O’Sullivan to Exec. VP Global Asset Mgmt. @ Scotiabank
+ James Yersh to CFO @ BlackBerry Ltd.
+ Mario Morroni to Exec. VP, Strategy and Capital Allocation @ Ivanhoé Cambridge eff. Jan. 13/14
+ Mark Van de Veen to Partner @ Sproule
+ Michael Zuk to VP Bus. Dev. @ Strategic Oil & Gas Ltd.
+ Rita-Rose Gagné to Exec. VP Growth Markets @ Ivanhoé Cambridge
+ Richard Havinga to Pres. & CTO @ Xtreme Drilling and Coil Services
+ Richard Holst to Partner @ Sproule
+ Vincent Hui to Partner @ Sproule
+ Vladimir Torres Hernandez to Partner @ Sproule
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Brian Bidulka, CFO @ BlackBerry Ltd., got the boot
+ Dale Tremblay, CEO @ Western Energy Services Corp., retiring, Dec. 1
+ Ed Sampson, Pres. & CEO @ Niko Resources Ltd., retiring
+ Edward Boomer, former Chief Investment Officer @ Partners REIT, got the boot
+ Frank Boulben, Chief Marketing Officers @ BlackBerry Ltd., got the boot
+ Heather Routly, former CFO @ Partners REIT, got the boot
+ Kristian Tear, COO @ BlackBerry Ltd., got the boot
+ Lou Hyndman, former Alberta Cabinet Minister and 15th Chancellor or University of Alberta, died



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Alex MacAusland to Director @ Western Energy Services Corp.
+ Brian Taylor to Chairman of the Board @ Detechtion Technologies
+ Dale Tremblay, Chairman @ Western Energy Services Corp., retiring Dec. 1
+ Dawn McDonald to Chair of Board @ Alberta Ballet
+ Murray Mullen, director @ Western Energy Services Corp., retiring Dec. 1
+ Penelope Woolford to Chair, Board of Governors @ Canadian Tax Foundation
+ Rod Hope, Director @ Sundance Energy Corporation, resigned
+ Roger Dallara to Director @ Scotiabank
+ Roger Martin, Director @ BlackBerry Ltd., resigned
+ Ron Mathison to Director @ Western Energy Services Corp.



 Mark Kolke on YouTube:

 
Mid-2013 Market Overview - Calgary Commercial Real Estate

discusses office leasing

discusses FACILITYCalgary



 KUDOS

 

+ to Olds College – celebrated 100th Anniversary (originally Olds School of Agricultural And Home Economics) … and the raised $1,075,000 toward its Centennial Entrepreneurial Legacy Fund
 
+ to Husky Energy – donated $1.125 million to Saskatchewan Institute of Applied Science and Technology (SIAST) to support its Power Engineering program at Saskatoon campus
 
+ to Jay Westman – making a $5 million donation to Haskayne School of Business, establishing the Jay Westman Centre For Real Estate; undergad program to be on stream within 2 years
 
+ to Canadian Association of Petroleum Producers (CAPP) donated $1 million to the Canadian Museum of Civilization



 INFRASTRUCTURE / P3 / GREEN


 

+ southeast leg of Stoney Trail opened; now 70 kilometers of free flow
 
+ Alberta Government going forward with P3 process to acquired 19 new schools; Gracorp Capital Advisors Ltd. and Bird Capital Limited Partnership leading short-listed teams
 
+ University of Calgary under media scrutiny – over $8.1 million cost and process of executive offer renovations done earlier this year
 
+ Brazil privatized 2 airports – raised $9.1 billion in competitive bidding



 SAVE THE DATE / upcoming events

 

+ 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 ]

NEWS TODAY 
 November 26 / 2013 


 

+ Apache Corp. in talks to sell its Argentina assets
+ Argentina agreed to compensate Repsol et al for nationalization of YPF
+ Birchcliff Energy Ltd. closed $59 million sale of non-core assets
+ BlackBerry Ltd. shook up its executive suite, CFO gone …
+ Calgary City Council rethinking how it will spend $52 million tax windfall; weighing refund, LRT fund and flood recovery …. stay tuned
+ current energy prices: live link to Bloomberg.com commodities data ; oil lower on news of Iran peacemaking – lifting of sanctions will delay ramp-up of oil shipments from Iran
+ Enbridge Energy Partners LP and Enbridge Inc. secured a major shipper, Marathon Petroleum Corporation, for its $2.6 billion Sandpiper Pipeline Project (Marathon will participate as an equity partner in the line)
+ investors watching closely – U. S. Federal Reserve to release its stimulus program  guidance on tomorrow; Chairman Bernanke to speak tonight



 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

 

“The price of anything is the amount of life you exchange for it.” – Henry David Thoreau
 
“I buy expensive suits. They just look cheap on me.” – Warren Buffett



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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

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