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FACILITYCalgary May 6/25

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 PAST WEEK NEWS REVIEW 
 Oct. 15 - 21


 

+ Alberta and B.C. premiers met – working together to facilitate effective west coast export of Alberta and B.C. crude; established a working group, reports due in December
+ Air Products planning to build a hydrogen producing plant adjacent to the Suncor refinery; being built by Technip
+ Arab spring etc. etc. … great piece by Christopher Davidson in the New York Times discusses a tenuous future for Saudi Arabia et al – The Last of the Sheiks?
+ ATB Financial – Daily Economic Comment
+ Bellatrix Exploration Ltd. entered into $240 million JV agreement with Troika Resources Private Equity Fund
+ Bellatrix Exploration Ltd. agreed to buy Angle Energy Inc. for $576 million
+ Canadian Finance Minister Flaherty calling for U.S. Federal Reserve to taper off its $85 billion/month bond purchase as quickly as possible
+ Canadian National Railway Co. facing possible strike or lockout by Oct. 28
+ C.D. Howe Institute’s Monetary Policy Council urging Bank of Canada to hold its overnight rate at 1.0% on Oct. 23
+ Choice Properties REIT agreed to acquire a 9 property (900,000 ft2)  portfolio from Loblaw Companies Limited, $150 million
+ former Halliburton manager Anthony Badalamenti pled guilty on charges he destroyed evidence following the 2010 rig explosion (BP Deepwater Horizon) and spill in the Gulf of Mexico; faces a year in jail and US$100,000 fine; in a parallel plea agreement, Halliburton paid a US$200,000 fine and made a US$55 million contribution to a wildlife foundation
+ Great Plains temporary neighbourhood to house flood victims - opening today in SE Calgary
+ Harper Government entered into agreement with European Union for a free trade deal; will be great for beef & pork industry, will open Canada to greater range/volume of cheese imports
+ Nexen Inc./CNOOC Limited with Petrobras led .. Shell, Total and CNPC consortium won the bid for 35 yr. offshore Brazil drilling concession
+ Nova Gas Transmission Ltd. (owned/operated by TransCanada Pipelines) ruptured 140 km west of Fort McMurray – production at most oil sands operations curtailed while service being restored
+ Save-On Foods began its roll-out of Calgary stores; opened in Seton; stores in development in Panorama Hills, Walden and London project on Macleod Trail
+ Sunshine Oilsands Ltd. revealed name of its JV partner for Muskwa and Godin oilsands leases … Renergy Petroleum (Canada) Co. Ltd., who will invest $250 million
+ Torgan Group and MPI Properties planning JV .. shopping mall in Rocky View County near CrossIron Mills
+ Toronto-Dominion Bank working on $12.8 billion bid for U.S. retail banking business of the Royal Bank of Scotland
+ Trez Capital Mortgage Investment Corporation announced plans to transition to a public company
+ U.S. financial impasse over the budget and debt ceiling is over, for now: government shutdown had huge impact on the economy according to Conference Board U.S Outlook report – Autumn 2013



FINANCINGS - proposed & closed

 

+ ArPetrol Ltd. closed $1.9 million debt financing
+ Bellatrix Exploration Ltd. is on the market to raise $175 million in equity
+ Blackbird Energy Inc. is on the market to raise $1.5 million in equity
+ Crew Energy Inc. closed $150 million sr. unsecured debt
+ First Mountain Exploration Ltd. closed $609,000 financing
+ Gold Coast Energy Corp. closed $120,000 debt financing
+ Legend Power Systems Inc. closed $737,000 equity and warrants financing
+ Manitok Energy Inc. is on the market to raise $25 million in flow-through shares
+ Margaux Resources Ltd. is on the market to raise $750,000 in equity
+ Paramount Resources Ltd. closed $59,059,880 flow-through shares financing
+ Pennant Energy Inc. is on the market to raise $455,000 in convertible debt
+ Petrowest Corporation is on the market to raise $15 million in equity
+ Pine Cliff Energy Ltd. closed $20,020,000 equity financing
+ Sonoro Energy Ltd. is on the market to raise $2.6 million equity financing
+ Trilogy Energy Corp. closed $200,070,000 equity financing
+ TVI Pacific Inc. is on the market to raise US$1 million in debt
+ US Oil Sands Inc. closed $81 million equity financing
+ Veresen Inc. closed $150 million preferred share financing
+ Whitecap Resources Inc. closed $80 million credit facility



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Summit Industrial Income REIT closed its acquisition of $52.7 million industrial properties in Ontario and Quebec
+ MCR Development LLC acquired a portfolio of 26 Marriott and Hilton hotels from Western International for US$430 million
+ Ivanhoé Cambridge acquired 51% interest in 1211 Avenue of the Americas, (2 million ft2) office building in New York City for US$850 million
+ TPG and Ivanhoé Cambridge acquired PointPark Properties from Arcapita (portfolio includes real estate assets: 48 warehouses (approx. 1.46 million m2 / 15,7 million ft2)  and a land bank allowing for the development of more than 590,000 m2 (approx. 6.4 million ft2) of warehouse space across Europe
+ JPMorgan Chase & Co. agreed to sell 1 Chase Manhattan Plaza (2.2 million ft2)  to Chinese firm Fosun International Ltd. for US$725 million



 SAVE THE DATE / upcoming events

 

 
+ Oct. 16; 32nd Annual National Ernest C. Manning Innovation Awards Gala, TELUS Convention Centre, Calgary tickets/sponsorship
+ Oct. 17; 2nd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre, info/register
+ Oct. 17 – 19; Canada LNG Export Forum, Calgary, info/registration
+ Oct. 21, City of Calgary – council and school board elections – info/registration
+ Oct. 22- 25; 4th World Petroleum Council, World Youth Forum info/registration
+ Oct. 29; 15th Annual Calgary Real Estate Forum, TELUS Convention Centre info/register - program
+ Oct. 30; 2013 PSAC Industry Insights Forum, TELUS Convention Centre info/register
+ Oct. 30; 5th Annual SustainaBUILD Conference, Fairmont Hotel, Vancouver info/register
+ Nov. 5-6; 14th Annual Buildex Calgary, BMO Centre, Calgary info/register/sponsor – FULL PROGRAM
+ Nov. 7-8; Canadian Council for Public Private Partnerships – 21st Annual Conference, Fairmont Royal York, Toronto info - register
+ Nov. 14-16; Greenbuild Conference, San Francisco info/register
+ Nov. 20; IFMA Calgary Annual Silent Auction and 25th Yr. Celebration, Alloy Restaurant info/register
+ 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 ]

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 Lyn Cadence of Cadence Public Relations
 
Last week's conversation with Heather Douglas from Strategic Public Affairs
 
 

Archived recent conversations 



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 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

 

+ Alison Trollope to Dir. Communications & Investor Education @ Alberta Securities Commission
+ Barbara Hogbert to VP Human Resources and Facilities @ The Conference Board of Canada
+ Cindy Rutherford to VP Corp. Relations & Land @ Progress Energy (Canada) Ltd.
+ David Gibbs to Pres. & CEO @ Terrace Energy Corp.
+ Duncan Campbell to Acting Pres. & CEO @ Alberta Health Services
+ George Morris to COO @ Terrace Energy Corp.
+ Grant Reeves to Interim CEO @ Circa Enterprises Inc.
+ Ken Pischke to Sr. VP Development @ Progress Energy (Canada) Ltd.
+ Kevin Georget to VP Finance @ Progress Energy (Canada) Ltd.
+ Kirstin Evenden to Exe. Dir. @ Lougheed House
+ Marc Poulin, Pres. & CEO @ Sobeys Inc. adding Pres. & CEO @ The Empire Company Limited
+ Michael LeBlanc to CEO & Chief Agent @ FCT Insurance Company Ltd.
+ Peter Nickerson to CEO @ Excelsior Engineering Ltd.
+ Richard Herbert to Head of Exploration @ BP Plc
+ Steve Paccagnan to Pres. & CEO @ Panorama Mountain Village
+ Ted Morton to Senior Fellow, Energy & Environment @ Manning Foundation
+ Teresa Coady to COO @ Kasian Architecture Interior Design and Planning Ltd.
+ Todd Papau to VP Sales & Bus. Dev. @ Northleaf Capital Partners
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Dr. Chris Eagle, Pres. & CEO @ Alberta Health Services, GTB
+ Murray Lange, VP Real Estate @ Aspen Property Management Ltd., left the company
+ Paul Sobey, Pres. & CEO @ Empire Company Limited, retiring



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Eric Boehnkey to Exec. Vice Chairman @ Terrace Energy Corp.
+ Ivan Smith, Chairman & CEO @ Circa Enterprises Inc., resigned
+ Peter Bourgeois, to Chairman @ Circa Enterprises Inc.



 SUGGESTIONS / COMMENTS:

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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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 KUDOS

 

+ to BMO Financial Group – donated $1.5 million to Alberta Children’s Hospital Foundation to fund research on pediatric obesity
 
+ the performers and organizers of the Alberta Flood Aid concert held in Calgary Aug. 15; raised $2.2 million for flood relief
 
+ to CNOOC Limited – a $510,000 donation to Mac Island Park in Fort McMurray



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NEWS TODAY 
 October 22 / 2013 


 

+ Canadian Federation of Independent Business named Canada’s top 100 entrepreneurial cities for 2103 – Calgary ranked #1
+ Canadian Natural Resources Limited (CNRL) subject to new remediation order by Alberta Energy of Primrose bitumen releases
+ current energy prices: live link to Bloomberg.com commodities data
+ election day yesterday: Naheed Nenshi re-elected Mayor, council winners, school trustee winners
+ Energy Council of Canada named Chris Huskilson (Pres/CEO @ Emera Inc.) and Ed Martin (Pres/CEO @ Nalcor Energy) as Energy Persons of the Year
+ Harper Government facing fresh allegations the Prime Ministers Office was complicit in Senator spending scandal . . . stay tuned!
+ LIBOR scandal fallout continues; 22 British bank executives under investigation
+ JPMorgan Chase being sanctioned $13 billion in penalties [explained] on top of over a billion already paid – over mortgage backed securities frauds … and the investigation continues; meanwhile it looks like Bank of America will be hit with $6 billion in levies on similar offences. HSBC, recently assessed $2.46 billion is appealing its liability assessment
+ Ultra Petroleum agree to acquire oil producing properties in Uinta Basin, $650 million
+ Wall Street Journal article suggests: U.S. Economy Key for Canadian Growth in Coming Months



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 Mark Kolke on YouTube:

Mid-2013 Market Overview - Calgary Commercial Real Estate

discusses office leasing

discusses FACILITYCalgary



 INFRASTRUCTURE / P3 / GREEN


 

+ Harper Government Throne Speech announced plans to invest $70 billion over the next decade in infrastructure for transportation networks 
 
+ Government of Canada awarded $15.2 million engineering contract to ARUP Canada Inc. in connection



 QUOTES

 

“The US is our trading partner, our neighbour, our ally and our friend … and sometimes we’d like to give them such a smack!” – Rick Mercer
 
“The beaver, which has come to represent Canada as the eagle does the United States and the lion Britain, is a flat-tailed slow witted, toothy rodent known to bit off it’s own testicles or to stand under its own falling trees.”- June Callwood



 ON THIS DATE IN HISTORY

+ in 1962, President John Kennedy announced the Soviet missile buildup in Cuba that began the Cuban Missile Crisis

+ in 1907 Ringling Brothers bought the Barnum & Bailey circus



 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
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025