+ BlackBerry founders Lazaridis and Fregin bidding to acquire the failing company; meanwhile a class-action launched by Canadian shareholders feeling misled
+ ExxonMobil, BP, ConocoPhillips and TransCanada Corp. JV planning Alaska LNG project; re-opening ConocoPhillips Nikiski site is likely location for plant, 800 mile pipeline project to ship North Slope gas – total project to be $45-65 billion
+ Genalta Power Inc. finalized agreement with Husky Energy to build a 22 Megawatt power facility at Cadotte; surplus power will be sold into the grid
+ Hess Corp. agreed to sell 20 east-coast terminals to Buckeye Partners for $850 million
+ Manitoba Telecom Services Inc. go a refusal from Industry Canada on its proposed sald of MTS Allstream to Accelero Capital Holdings S.a.r.l.
+ Porto Energy Corp. engaged advisors to assist in maximizing shareholder value
+ SilverBirch Hotels & Resorts will develop $100 million/33 storey/360 room Marriot Residence Inn on the former Alberta Boot Factory site in the Beltline. GWL Realty Advisors will develop rental apartment tower on the site
+ Talisman Energy Inc. shares surge on news Carl Icahn disclosed his firm has taken a 5.97%-$802 million stake in Talisman . . . tic toc …
+ Tesoro Corp. pipeline in North Dakota spilled 20,600 barrels of crude oil
+ Twin Butte Energy Ltd. agreed to acquire Black Shire Energy Inc., $358 million
+ U.S. gov. operations remain ‘officially shut down and semi-paralyzed’ over budget impasse while debt-ceiling deadline (Oct. 17) looms; all markets watching for signs of sanity … but seeing little as White House, House Republicans and Senate Democrats play high-stakes game of chicken
+ U.S. President Obama nominated Jante Yellen as Chairwoman of the Federal Reserve
+ Veresen Inc. has reached agreement with shippers for, in aggregate, 25% of requirements for its Jordan Cove LNG project
+ Vermilion Energy Inc. closed its $27.5 million acquisition of Northern Petroleum Nederland B.V.
+ 165 U.S. CEO’s endorsed a letter to President Obama supporting and calling for approval of the Keystone XL pipeline project
FINANCINGS - proposed & closed
+ Argent Energy Trust secured a US$160 million credit facility
+ Argent Energy Trust is on the market to raise $60 million in convertible debt
+ Calfrac Well Services Ltd. closed $150 million debt and rights issue
+ Canadian Apartment REIT closed $130,019,850 equity financing
+ CanElson Drilling Inc. closed $35 million equity financing
+ Cominar REIT closed $250 million sr. unsecured debt financing
+ CT REIT closed $263.5 million IPO equity financing
+ Dundee REIT closed $125 million sr. unsecured debt financing
+ H & R REIT closed $235 million sr. unsecured debt financing
+ Keyera Corp. closed $200 million debut financing
+ Twin Butte Energy Ltd. is on the market to raise $70 million in new equity
+ Veresen Inc. is on the market to raise $150 million in preferred equity
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ Sunstone U.S. Opportunity Realty Trust and Sunstone U.S. (2008) L.P. closed disposition of The Paragon at Kierland Apartments in Scottsdale; $57,750,000
+ American Hotel Income Properties REIT LP agreed to acquire a 4-hotel portfolio in Pittsburgh, US$57.3 million
+ Delta Hotels and Resorts topped off its 46th floor flagship hotel in Toronto; to open in late 2014 - 567 rooms
+ The Canada Pension Plan Investment Board teaming with Australia’s Dexus group to acquire office portfolio of Commonwealth Property Office Fund
SHAREHOLDER MEETINGS
+ Oct. 16; Aurora Oil & Gas Limited, General Meeting of Shareholders, Perth, Australia
+ Oct. 30; Petroleum Services Association of Canada (PSAC), Annual general Meeting, Calgary
+ Nov. 14; Cypress Hills Resource Corp., Annual and Special Meeting of Shareholders, Vancouver
+ Nov. 29; Novus Energy Inc., Annual and Special Shareholder Meeting, Calgary
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 Heather Douglas from Strategic Public Affairs
Last week's conversation with Mel Foht from Royop Development Corporation
+ joining us very soon, a new sponsor . WestPark Parking Services … thanks to John Laires, Pres. & CEO for your support!
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
SHAKERS AND MOVERS
+ Andrew Greenslade to Interim CEO @ Renegade Petroleum Ltd.
+ Thomson Reuters – holding global Q3 Trends in Worldwide Deal Making with leading financial commentators webcast this morning at 10AM EDT/8AM MDT - register
+ Toronto-Dominion Bank working on $12.8 billion bid for U.S. retail banking business of the Royal Bank of Scotland
+ U.S. financial impasse over budget and debt ceiling causing alarm on world markets, IMF and World Bank leaders warning of massive disruption to world economic balance which congressional leaders and President Obama continue to wrestle with competing bad choices and a ticking clock
+ University of Calgary expanding engineering faculty; Government of Alberta contributing $142.5 million to expand SchulichSchool of Engineering – involves addition of 18,300 sq. metres, and renovating 11,100 sq. metres – total cost $158.3 million
