JUST LISTED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000; contact Mark Kolke or Jamie Giszas
FOR SALE - relax and enjoy beautiful Marina Bay at SYLVAN LAKE
FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO for VIRTUAL TOUR
+ year-round lakefront home (48 photo virtual tour) at Marina Bay, Sylvan Lake – 1,388 sq. ft., 2 bedroom, wood-burning fireplace, sauna, extraordinary – $649,900; in the owner’s words: There is something therapeutic about watching the seasons of life on a lake, the waterfowl and other birds flocking up in groups of thousands, as they are right now, and to hear their excited calls to each other as they contemplate their annual pilgrimage south. The Trumpeter swans, majestic in sound and sight in their perfect formations. The deer, who are not around the house all summer, seem to know that the neighborhood will now be quiet for months, are now in search of my crab apple tree and others, on which they will feast all winter. The variety of activity out on the lake in winter... and all viewed through that WINDOW, seated with a coffee next to a crackling fire. The morning walk along Lakeshore Drive or, to mix it up, through Norglenwold to the north, to see which old cabin is being torn down and rebuilt this time... - email me to arrange a showing: kolke@markkolke.com
+ be part of the transformation and join the Global Energy Show where technical experts from around the world present and discuss the latest technologies, processes and innovations leading the way toward zero emissions energy systems – CALL FOR ABSTRACTS
+ Incentives for Large-Scale Carbon Capture and Storage – Climate Action & Economy White Paper released by the International CCS Knowledge Centre and RSM Canada
+ Win or lose, we go shopping after the election. – Imelda Marcos
+ In our brief national history, we have shot four of our presidents, worried five of them to death, impeached one and hounded another out of office. And when all else fails, we hold an election and assassinate their character. – P.J. O’Rourke
+ Alberta COVID-19 stats: 323 deaths, 5,172 active cases of 27,664 cases to date: aggregate Alberta data – currently, 140 Albertans are in the hospital with COVID-19, and 25 of those are in intensive care units; Premier Kenny admonishes Albertans to ‘knock it off’
+ Alberta did a Stage 2 relaunch, re-opening Stage 3 remains delayed because of case/infection levels; new 15-person gathering limit set for Calgary
+ Alberta government in talks with a private Saudi company with a $5.0-10.0 billion petrochemical plant in mind, and $30.0 billion in business activity targeted … tic toc
+ Alberta introduced Bill 36: Geothermal Resource Development Act to establish infrastructure for geothermal development projects in Alberta – no details
+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board
+ Bank of Canada held its key policy interest rate at 0.25%
+ BOMA Canada 2020 National Award Winners; click for all
+ Cenovus – Husky merger gathering lots of interest; talk of 25% staff cuts, mostly expected in Calgary …
+ coal mining plans for the eastern slopes are stirring lots of discussion: ranchers and environmentalists are raising awareness/ 4 minute video
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices slumped this week on hurricane disruptions in GOM, Asian markets softening and second-wave COVID concerns/shutdowns in Europe foretelling drop in demand …
+ GFL Environmental closed its acquisition of an asset portfolio (Waste Management Inc. and Advanced Disposal Services Inc.) for US$863.5 million
+ Greenfire Oil and Gas Ltd. and Greenfire Hangingstone Operating Corporation filed a Notice of Intention filing to file for insolvency protection; Alvarez & Marsal is proposed trustee
+ rig counts (active/working) – U.S.: up 9 to 296 this week; Canada: up 3 to 86 this week; full breakdown
+ Ritchie Bros. Auctioneers agreed to acquire Rouse Services for $275.0 million
+ Rocky Mountain Dealerships Inc. (Rocky Mountain Equipment Canada Ltd. et al) entered into a $135.0 million going-private plan of arrangement with 2223890 Alberta Ltd.;
+ Schlumberger N.V. sold its North American Rod Lift Business unit to Lufkin Industries; terms not disclosed
+ Starlight Investments and KingSett Capital et al closed their $4.9 billion acquisition of Northview Apartment REIT
+ TAG Oil closed $17.0 million sale of its Australian assets and operations to Cypress Petroleum Pty Ltd.
+ TC Energy Corporation announced the Wisconsin Access project portion of the ANR Pipeline System natural gas pipeline; budget is US$2.0 billion
+ United States election day today; President, Senate Seats, House Seats and down-ballot state elections
THIS WEEK IN FINANCINGS
- proposed & closed
+ AddEnergie Technologies Inc. closed $53.0 million equity financing
+ Athabasca Minerals Inc. is on the market to raise $1.4 million in equity by private placement
+ Bragg Gaming Group Inc. is on the market to raise $18.0 million in equity
+ Brookfield Asset Management Inc. closed €1.14 billion European Core-Plus Real Estate Fund
+ Canadian Western Bank closed $175.0 million limited recourse debt financing
+ Caribbean Utilities Company Ltd. closed US$47.837 million equity financing by a rights offering
+ CB2 Insights is on the market to raise $5.0 million in equity
+ Clearford Water Systems Inc. closed US$1.0 million in debt financings
+ Datable Technology Corporation closed $1.571 million equity financing
+ Encore Energy Corp. closed $4.8 million equity financing by private placement
+ Kadestone Capital Corp. closed $14.0 million equity financing by IPO
+ Mind Medicine Inc. closed $28.75 million equity financing
+ Newtopia Inc. closed $7.5 million equity financing
+ Northview Canadian High Yield Residential Fund closed $430.0 million equity financing by IPO
+ Pivotree Inc. closed $60.0 million equity financing by IPO
+ Synaptive Medical closed $17.0 million preferred share financing
+ Timia Capital Corporation is on the market to raise $3.0 million in equity
+ TransAlta Corporation closed $400.0 million second tranche of an equity financing
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*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …
SHAREHOLDER MEETINGS
+ Nov. 13; Horizon North Logistics Inc., Special Meeting of Shareholders, Toronto
+ Nov. 25; Source Energy Services Ltd., Noteholder and Shareholders Meeting, virtual only
+ Dec. 11; Echelon Holdings Inc., Annual and Special Meeting of Shareholders, Toronto
+ Dec. 11; Rifco Inc., Annual General and Special Meeting of Shareholders, Edmonton
+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon
+ Feb. 23; Artis REIT, Special Meeting of Unitholders, Winnipeg
+ Imperial Oil started-up its new cogeneration unit at its Strathcona Refinery; expected to produce 41MW, about 75-80% of the refinery’s requirement; costs not disclosed
