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FACILITYCalgary May 6/25

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 SHAREHOLDER MEETINGS

+ Nov. 24; Eagle Energy Trust, Special Meeting of Unitholders, to approve Canadian asset acquisitions, Calgary

+ Dec. 3; Kodiak Oil & Gas Corp., Special Meeting of Securityholders, Denver

+ Dec. 10; Donnebrook Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Jan. 14/15; Nav Canada, Annual Meeting of Members, Ottawa

+ May 7/15; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

[send event notices to:  kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ Nov. 3-4: 2014 Canadian Heavy Oil Conference, Calgary; info/register
+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
+ Nov. 17 – 19; The Oil & Gas IP Summit, North America, Calgary info/registration
+ Nov. 25-26; 2nd Annual Canadian NGL Markets, Infrastructure & LPG Exports, Calgary; info/registration
+ Nov. 27; OPEC 116th Ordinary Meeting, Vienna, Austria
+ Dec. 3-4; Real Estate Forum, Metro Toronto Convention Centre; info/registration

+ Dec. 9-10; Facilities Design SAGD2014, BMO Centre, Calgary; info/register

+ Dec. 9-10; Crude By Rail Canada, Safety Summit, Calgary;  info/registration

+ May 24-27; Banff Compass 2105; Association of Fundraising Professionals, Banff

+ July 3-12, 2015; Calgary Stampede 2015 - tickets now on sale
 
[send event notices to:  kolke@facilitycalgary.com ]



SHAKERS AND MOVERS moving, retired, resigned, died or got the boot:

+ Adam Paul to Pres. & CEO @ First Capital Realty

+ Andy Lacara, Sr. VP Operations @ Canexus Corporation, left the company

+ Anthony Potter to Pres., CEO & CFO @ Antrim Energy Inc.

+ Bharat Masrani to Group Pres. & CEO @ TD Bank Group

+ Cameron Hard to VP @ Tamani Communities

+ Deepak Khandelwal to Chief Customer Officer @ Rogers Communications Inc.

+ Derek Squirrel to Exec. VP Jayman Modus @ Jayman Homes

+ Gary de Leeuw to VP Geosciences @ Surge Energy Inc.

+ Gerry Robitaille to Pres. @ Unified Valve Group Ltd.

+ Glen LeBlanc to CFO @ BCE and Bell Canada

+ Greg Pocherewny to Partner, Industrial and Energy, Calgary @ Odgers Berndston

+ Jennifer Ward to Partner, Industrial and Energy, Calgary @ Odgers Berndston

+ Jennifer Shaften to Partner @ Foster LLP

+ Joseph Kuhach to CEO @ N-Solv Corporation

+ Mary Ann Turcke to Group Pres., Media Sales, Local TV and Radio @ Bell Media

+ Michael McGuinty to Pres. @ HOCHTIEF PPP Solutions North America Inc.

+ Peter Gombocz to Managing Dir. & Head, Electronic, Program Sales & Trading @ Cantor Fitzgerald Canada Corporation

+ Sean Nolan to VP Corp. Development @ Jayman Homes

+ Stephanie Meyers to Gen. Mgr. Innovations by Jayman @ Jayman Homes

+ Stephen Greer, Pres. & CEO @ Antrim Energy Inc., resigned

+ Steven Barry to Director, Information Technology @ Canadian Internet Regulation Authority

+ Tracey Braun to Membership Coordinator @ Calgary Chamber of Voluntary Organizations

 

[send us your appointment notices  kolke@facilitycalgary.com ]




BOARDROOM changes, purges, appointments etc.

+ Chad Holliday to Chairman @ Royal Dutch Shell

+ Dan McKeen to Vice Chair @ Bell Aliant

+ Domenic Pilla to Director @ Domtar Corporation

+ Dori Segal to Exec. Vice-Chair @ First Capital Realty

+ Gail Cook-Bennett to Chair @ Institute of Corporate Directors

+ Greg Boland, Director @ PetroMaroc Corporation plc, resigned

+ Jean-Francois Lemay to Chair @ National Airlines Council of Canada

+ John Forzani, Chairman @ Forzani Group, died

+ Jorma Ollila, Chairman @ Royal Dutch Shell

+ Karen Kinsley to Director @ National Bank

+ Kevin Wong to Director @ Alberta Council of Technologies Society

+ Kurt Strobele to Chairman @ N-Solv Corporation

+ Paul Sobey to Chancellor @ Saint Mary’s University

+ Raymond Bachand to Director @ National Bank

+ Raymond Crossley to Director @ Penn West Petroleum Ltd.

+ Robert Dexter to Director @ BCE

+ Robert Doran to Chair @ Canadian Institute of Chartered Business Valuators

+ Scott Boose to Director @ EnerCare Inc.

+ Stephen Greer to Chairman @ Antrim Energy Inc.




 OILSANDS NEWS

+ ATCO Structures & Logistics landed a $150 million contract to supply a 1,900 bedroom lodge in the oilsands region of northern Alberta
 
+ Devon Canada & BP Plc got Government of Alberta approval to proceed with their Pike SAGD project; expected production commencing end of 2018. Total project cost not disclosed but estimates put it over $7.63 billion …
+ TransCanada Corporation filed application to regulators for its  Energy East pipeline project which will take Alberta oilsands crude to Quebec and New Brunswick tidewater by converting an existing natural gas pipeline; project will costs $12 billion. Oil will flow to Quebec in 2017, to St. John in 2018



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November 4, 2014 issue




CONVERSATIONS

Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Bob Demulder  , Regional VP, Nature Conservancy of Canada
 
Last week's conversation with Robert Balfour, Managing Partner, Development Finance Group @ MCAP Financial Corporation
 
 
Archived conversations .
 



 sponsors of this week's issue:

 
kevin.ellis@altusgroup.com
 
CONSTRUCTION
COST CONSULTING



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



Carbon Copy Digital

 
 mailto:TSMITH@CARBONCOPYDIGITAL.COM
 
REPRODUCTION SERVICES



CONNECT WITH SERVPRO
JANITORIAL SERVICES



Pekarsky Stein, Alberta's Leading Boutique Search Firm
 
info@pekarskystein.com
 
SEARCH FIRM



CONTACT OMICRON
 
ARCHITECTS



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



CONTACT PREMIERE VAN LINES
 
OFFICE MOVERS



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FINANCINGS - proposed & closed

+ American Hotel Income Properties REIT LP closed $50.3 million equity financing

+ BluEarth Renewables closed $81 million equity financing

+ Deltastream Energy Corporation closed $100 million equity financing

+ Firm Capital Property Trust is on the market to raise $10,004,500 in equity

+ Huntington Exploration Inc. is on the market to raise $2 million in equity

+ Hydro-Quebec closed $500 million debt financing

+ Kallisto Energy Corp. is on the market to raise $567 million in a rights offering

+ PetroMaroc Corporation plc is on the market to raise $6 million in common shares & warrants issue

+ Samsung Renewable Energy Inc. & Pattern Group LP closed $580 million debt financing

+ Seven Generations Energy Ltd. closed $810 million IPO

+ Seven Generations Energy Ltd. closed $121.5 million overallotment on its recent IPO

+ Shell Midstream Partners LP raised US$ 920 million in an IPO

+ 49 North Resources Inc. closed $1.06 million rights offering




 this week in REITS 


+ American Hotel Income Properties REIT LP closed $50.3 million equity financing 

+ American Hotel Income Properties REIT LP closed its US$4.9 million acquisition of Oak Tree Inn, Glendive, Montana

+ American Hotel Income Properties REIT LP closed its US$48 million Oklahoma Portfolio acquisition 

+ FAM REIT agreed to acquire a 7 building office portfolio in Greater Toronto Area; $190 million
+ InnVest REIT and KingSett Capital agreed to acquire the Royal York Hotel in Toronto for $186.5 million’ $50 million renovation planned
+ Milestone Apartments REIT closed its US$74.0 million acquisition of Shadow Creek apartments in Houston
+ Pure Industrial REIT sold a 75% interest in eight industrial property portfolio in Ontario & Quebec to an undisclosed financial institution for $69 million
+ Slate Retail REIT agreed to acquire Westminster Plaza, in Westminster, Colorado for US$12.7 million; Slate Retail REIT also closed its US$12.6 million acquisition of Stonefield Square in Louisville, Kentucky



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PLANDflex CORPORATION
PROJECT MANAGER / P3 / PUBLISHER

 TODAY'S HEADLINES


TransCanada announces Canadian Mainline + NGTL expansion | oil below US$80/barrel | Devon’s Pike SAGD project a go | Energy East pipeline process launched | U.S. midterm elections today | CD Howe tax burden report | PSAC drilling forecast | ATCO’s big order | Golden Eagle oil flowing | Petroleum Hall of Fame – 2014 inductees | World Trade Centre in NYC opens | upcoming events & corp. meetings | financings + executive appointments >>>>


NEWS SUMMARY 
 Oct. 28 - Nov. 4


+ Alberta government netted $16.5 million in its October land sale

+ ATB Financial – THE OWL … Daily Economic Comment

+ ATCO Structures & Logistics landed a $150 million contract to supply a 1,900 bedroom lodge in the oilsands region of northern Alberta

+ Aux Sable Liquid Products LP announced US$130 million expansion to increase extraction and fractionation capacity by 24,500 barrels/day at its Channahon facility

+ Bank of Canada Governor worried inflation is too low, housing prices and prolonged low interest rates

+ BCE Inc. closed is $3.95 billion acquisition of Bell Aliant

+ BG Group Plc plans delay till next-decade, its plans for a west coast LNG export facility

+ Calgary Film Centre broke ground on its 20,000 sq. ft. facility at 5750 – 76 Ave. SE; $22.8 million project planned to open fall-2015 ; William White International is lead tenant

+ C.D. Howe Institute issued: The 2014 C.D. Howe Institute Business Tax Burden Ranking

+ Chinook Energy Inc. announced its 2015 CapEx Budget is $135 million

+ City of Calgary 2015-2018 budget in the works; 2015 looking like $22 billion, average bump for homeowners would be $200/yr.

+ City of Calgary planners released new rules allowing woodframe construction for mid-rise condo projects; makes 5-6 story stick-built projects possible

+ current energy prices: live link to Bloomberg.com commodities data ; U.S. crude price fell below US$80/barrel, Brent below US$85 on disparity between U.S. and China economic data and reported Saudi price cuts, and currency swings …

+ Devon Canada & BP Plc got Government of Alberta approval to proceed with their Pike SAGD project; expected production commencing end of 2018. Total project cost not disclosed but estimates put it over $7.63 billion …

+ Dominion Resources Inc. commenced construction on its US$3.4 billion Cove Point LNG export project

+ Donnybrook Energy Inc. changed its name to Stonehaven Exploration Ltd.

+ Exxon Mobil Corp. announced its 2015-17 CapEx Budget is US$37 billion

+ first oil flowing from Golden Eagle field in North Sea; operator is Nexen Petroleum UK

+ Genoil Inc. signed an agreement with a division of CNOOC to build and operate a US$700 million refinery

+ Government of Alberta launched a new rural economic initiative

+ Harvest Hills Golf Course sold to Cedarglen Homes for redevelopment

+ Hess Corp. announced it will proceed with its US$6 billion Stampede (Gulf of Mexico) project notwithstanding softening crude prices

+ Marathon Petroleum Corp., BP plc and All American LP are looking at reversal of Calpine pipeline system to move Bakken and Alberta oil to the gulf coast

+ NuVista Energy Ltd. announced its 2015 CapEx Budget is $340 million

+ One World Trade Centre, 104 story, US$3.9 billion is now open; first tenant Conde Nast publishing firm started moving in yesterday

+ Petroleum Services Association of Canada forecasts 10,100 wells will be drilled in 2015, down slightly from 2014; forecast is average meters/well of 2,400

+ PWC issued their Emerging Trends in Real Estate 2015 report

+ Remington Development Corp. is developing a 90,000 sq. ft. headquarters building for Computer Modelling Group in the University Research Park area; occupancy spring 2017.

+ Shaw Cable and Rogers Communications are launching an online streaming service called Shomi to compete with Netflix

+ TransCanada Corporation filed application to regulators for its $1.5 billion Eastern Mainline Natural Gas project in southern Ontario

+ TransCanada Corporation expanding Canadian Mainline System to connect Marcellus gas production to eastern Canadian markets; $475 million capital cost

+ TransCanada Corporation, through sub. NOVA Gas Transmission Ltd., to spend $2.7 billion on expansions through to 2017

+ TransCanada Corporation filed application (a mere 30,000 pages!) to regulators for its  Energy East pipeline project which will take Alberta oilsands crude to Quebec and New Brunswick tidewater by converting an existing natural gas pipeline; project will costs $12 billion. Oil will flow to Quebec in 2017, to St. John in 2018. Quebec environmentalists concerned about Beluga habitat are opposed as are some Ontario natural gas sellers …

+ U.S. midterm elections today; control of the Senate is likely to be tight; more importantly for Canadians, a decision on Keystone XL pipeline may .. finally .. be coming soon .. tic toc

+ Veresen Inc. got U.S. regulator approval for its US$1.425 billion acquisition of 50% interest in Ruby Pipeline

+ Yoho Resources Inc. engaged advisors for a strategic review of its Duvernay assets




 KUDOS

+ to 2014 Canadian Petroleum Hall of Fame inductees: Keith MacPhail, Robert Peters, Allan Nelson, Robert Brown Sr., Alexander Palynchuk

+ to Louis Vachon, Pres. & CEO @ National Bank .. named CEO of the Year by Canadian Business Magazine

+ to Dr. Rita Dahlke, selected as Alberta’s Family Physician of the Year for 2014

+ to Marge & Stan Owerko, for their $10 million donation to the Alberta Children’s Hospital for their brain health program




INTERESTING REAL ESTATE NEWS, other places


+ Ivanhoé Cambridge closed its US$200 million acquisition of 40% interest in two Denver buildings; US Bank Tower and Tabor Center

+ Starlight U.S. Multi-Family (No. 3) Core Fund agreed to acquired 114 unit project in Houston for US$13.14 million




 INFRASTRUCTURE / P3 / GREEN


+ 3 British Columbia projects won awards at the 17th Annual CCPPP Awards; for full list of awards … click here 
+ Emily Carr University of Art + Design chose a preferred proponent and prospective designer; construction on the $134 million project to begin Spring 2015 
+ Enerdynamic Hybrid Technologies Corp. agreed to acquire 46MW of solar installations in Ontaro; project cost $150 million
+ consortium including Alberta Investment Management Corporation, Allianz Capital Partners, EDF Invest and Hastings Funds Management completed acquisition of Porterbrook Rail Finance Limited, the UK rolling stock company

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this site last updated May 6, 2025