+ CAPP - Canadian Association of Petroleum Producers
+ CBD – Central Business District
+ COSIA - Canada's Oil Sands Innovation Alliance
+ CREB - Calgary Real Estate Board
+ FERC – U.S. Federal Energy Regulation Commission
+ GJ - gigajoule
+ GOA - Government of Alberta
+ GTA – greater Toronto area
+ IPO – Initial Public Offering
+ JV – Joint Venture
+ KW – kilowatt (one thousand watts)
+ LEED – Leadership in Energy and Environmental Design
+ MCF – thousand cubic feet
+ MCF/D – thousand cubic feet per day
+ MOU – Memorandum of Understanding
+ MW – megawatt (1 million watts)
+ NEB – National Energy Board
+ NGLs – natural gas liquids
+ P3 – Public Private Partnership
+ PADD – U.S. Petroleum Administration for Defense Districts
+ REIT – Real Estate Investment Trust
+ RFP – request for proposals
+ RFQ – request for qualifications
+ SAGD – steam assisted gravity drainage
+ sub – subsidiary
+ sub. – subordinated
+ tic toc – we’ll see …
+ WTI – West Texas Intermediate
FACILITYCalgary current week data
this site is refreshed with a new issue every Tuesday morning
updated ... October 20, 2015
TODAY'S HEADLINES
Liberals win, Prime Minister Justin Trudeau got a majority; Harper stepping down as Conservative Party leader | Aveda consolidating | Brookfield to buy ALBI Homes | Cequence on the market | Mart sold | Uber arrived + Joe Ceci interview | upcoming events & corp. meetings + climate change & infrastructure news + REIT news + this week’s financings + executive and board appointments >>>>
+ Pat Preistner, Exec. Chairman @ AutoCanad Inc., named 2015 Entrepreneur of the Year – Prairies by Ernst & Young
+ to winners of the Alberta Order of Excellence: David Bissett, Jack Donald, Janice Eisenhauer, Dennis Erker, Fil Fraser, Stan Grad, Jacob Masliyah, Frits Pannekoek!
QUOTES
+ Democracy is being allowed to vote for the candidate you dislike the least. – Robert Byrne
+ It has been said that democracy is the worst form of government except all the others that have been tried. – Winston Churchill
SHAREHOLDER MEETINGS
+ Nov. 12; Candax Energy Inc., Special Meeting of Shareholders, Toronto
+ Dec. 9; Falcon Oil & Gas Ltd., Annual General and Special Shareholders Meeting, Dublin, Ireland
+ Jan 13; Groundstar Resources Limited, Calgary
+ Jan 13; Nav Canada, Annual Meeting of Members, Ottawa
+ Dejour Energy Inc. rebranded itself as DXI Energy Inc.
+ Delphi Energy Corp. agreed to sell its Hythe are assets for $12 million
+ Enseco Energy Services Corp. noted in default by its bank creditor; action to place the firm in receivership
+ Justin Trudeau, Prime Minister elect, led Liberals won a majority electoral victory; Conservatives are Official Opposition, Stephen Harper stepping down, interim leader to be chosen …
+ Leede Financial Markets Inc. and Jones, Gable & Company agreed to merge; will operate as Leede Jones Gable
+ Mart Resource Inc. agreed to be taken over by Delta Oil Nigeria B.V. sub. for $124.92 million
+ Northern Spirit Resources Inc. changed its name to Altura Energy Inc.
+ Notley Government established a new entity: Premier’s Advisory Committee on the Economy
+ Rifle Shot Oil Corp. closed its acquisition of Redwater area assets; terms not disclosed
+ Sanchez Energy Corporation closed its US$345 million acquisition of Eagle Ford Shale midstream assets
+ Scotiabank agreed to acquire $1.7 billion Canadian credit card operations of JPMorgan Chase
+ Sterling Resources Ltd. agreed to sell a portfolio of UK North Sea gas fields to LetterOne Group; terms no disclosed
+ Tidewater Midstream and Infrastructure Ltd. agreed to acquired a portfolio of facilities and 250km of pipelines in Peace River Arch area for $12 million
+ Uber Canada started its ride-sharing business in Calgary
THIS WEEK IN FINANCINGS
- proposed & closed
+ Enbridge Income Fund Holdings Inc. is on the market to raise $700,085,000 in equity
+ Northern Aspect Resources Ltd. closed $1.7 million equity raise
+ Perisson Petroleum Corporation closed a $200,000 equity financing
+ Quest PharmaTech Inc. closed $2 million equity raise
+ Radient Technologies Inc. is on the market to raise $625,000
+ Traverse Energy Ltd. Is on the market to raise $700,800 in equity
+ Valparaiso Energy Inc. is on the market to raise $300,000 in equity
+ Vital Energy Inc. is on the market to raise $1,050,000 in equity
CLIMATE CHANGE / LEED / RENEWABLE ENERGY
+ Gaz Métro acquired the first offset credits ever generated in Québec in the cap-and-trade system for greenhouse gas emission allowances that was established by the Government of Québec and is linked to that of California (carbon market). The 161,510 offset credits purchased from Recyclage Écosolutions Inc. (RES) stem from the destruction of 81 tons of CFCs between 2009 and 2011. The transaction, totaling $2 million
INTERESTING REAL ESTATE NEWS, other places
+ Blackstone Group LP is reported to be acquiring Manhattan’s Stuyvesant Town-Peter Cooper Village apartment complex for US$5.3 billion
+ SL Green Realty Corp. and Ivanhoe Cambridge are putting 1745 Broadway in Manhattan for sale; 930,000 sq. ft. tower is 100% leased to book publisher Random House
+ Vornado Realty Trust agreed to sell its leasehold interest (ground lease) in 20 Broad Street, New York; 473,000 sq. ft. building is adjacent to New York Stock Exchange
this week in REITS
+ True North Apartment REIT unitholders approved plan of arrangement with Northern Property REIT to combine and form Northview Apartment REIT
+ Canadian Oil Sands Limited’s board rejected Suncor Energy Inc.’s takeover bid
INFRASTRUCTURE / P3
+ Algonquin Power & Utilities Corp. entered a JV with Renewable Energy Systems Americas Inc. to develop a 150MW wind project near Deerfield, Michigan
+ G3Canada Limited will build a new lake terminal at the Port of Hamilton to hand grain and oilseeds; 50,000 metric tonne facility will be located at Pier 26; budget not disclosed – facility to be completed in 2017
+ Government of Alberta is investing $2 million to expand the Red Deer Airport
+ twinning of Highway 63 to Fort McMurray is now 99% completed; newest 16 km section opened yesterday – a major life saver, too many lives have been lost on that road
