+ 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?
+ 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
+ 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 RockyViewCounty 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
+ 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, Calgarytickets/sponsorship
+ Oct. 17; 2nd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre, info/register
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
+ 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@PanoramaMountainVillage
+ 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
+ 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 UintaBasin, $650 million
+ 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
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
