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FACILITYCalgary June28/22

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“Do you ever get the feeling that the only reason we have elections is to find out if the polls were right?” – Robert Orben 
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Aristotle



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 SHAREHOLDER MEETINGS

+ Oct. 30; HealthLease Properties REIT, Special Debenture Holders Meeting to Amend Terms

+ 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

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




 SAVE THE DATE / upcoming events

+ Oct. 27-29; The Oil & Gas Mobility Summit Calgary; info/registration
+ Oct. 29; PSAC Industry Insights Forum – 2015 Canadian Drilling Activity, Rex Murphy; TELUS Convention Centre, info/register
+ Oct. 29; 3rd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre West, Vancouver – info/register
+ 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
+ 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:

+ Andrew Watson to Pres. & CEO @ new company being formed by BNP Resources Inc.

+ Anthony Lacavera, CEP @ Wind Mobile, stepped down

+ David Shorey to VP & Gen. Mgr. Oil & Gas Div. @ Nanometrics

+ Dean Johnson to Pres. @ Acklands-Grainger

+ Greg Kist, Pres. @ Pacific Northwest LNG Ltd., resigned

+ Indira Samarasekera, Pres. @ University of Alberta, stepping down in June/15

+ Indira Samarasekera to Head of Liu Centre @ University of British Columbia

+ James Kerr to CFO @ EnerDynamic Hybrid Technologies Corp.

+ John Tory, elected Mayor @ City of Toronto

+ Marie-Claude Dumas to Exec. VP Hydro, Power @ SNC-Lavalin

+ Michael Culbert to Acting Pres. @ Pacific Northwest LNG Ltd.

+ Mike Ashar to CEO @ Cairn India Ltd.

+ Patrick Pouyanne to CEO @ Total

+ Pietro Cordova to CEO @ Wind Mobile

+ Robert Watson, CEO @ SaskPower, resigned

+ Rod Love, political consultant , former Chief of Staff for Premier/Mayor Ralph Klein, and Principal of Rod Love Consulting Inc., died

+ Steve Toth to VP Investor Relations @ Bellatrix Exploration Ltd.

 

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




BOARDROOM changes, purges, appointments etc.

+ Marie Lune Dion to Chair @ Canadian Payroll Association

+ Sheila O’Brien to Director @ PPP Canada

+ Thierry Desmarest to Non-Executive Chairman @ Total

+ William Ambrose, Chairman @ First Mountain Exploration Ltd., died




 OILSANDS NEWS

+ Strata Oil & Gas Inc. has applied for regulatory approval to explore for oilsands on its Cadotte blocks in the Peace River area 
+ IDE Technologies to partner with Fair Canada Engineering to expand its Canadian water-treatment and oilsands business
+ Husky Energy announced its Sunrise oilsands project cost has jumped from $2.8 billion to $3.2 billion



 this week in REITS 


 
+ American Hotel Income Properties REIT LP closed US$31.4 million portfolio in Amarillo, Texas 
+ Milestone Apartments REIT closed its US$40.5 million acquisition of 221 unit project in Denver
+ Firm Capital Property Trust closed $8,025,000 equity financing
+ Slate Retail REIT closed its US$16.83 million acquisition of Forest Plaza shopping centre in Fond du lac, Wisconsin and its US$13.95 million acquisition of Smithfield Shopping Plaza in Smithfield, Virginia



 INFRASTRUCTURE / P3 / GREEN


+ FortisBC started construction on its $400 million Tilbury LNG Facility

+ Infrastructure Ontario and Seneca College short-listed three teams for its Seneca College King Campus Phase I expansion: EllisDon Team, PCL Team, E2P Team

+ Infrastructure Ontario and Etobicoke General Hospital issued Request for Qualifications for its Phase 1 Patient Tower Project; 250,000 sq. ft. addition




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October 28, 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 Robert Balfour, Managing Partner, Development Finance Group @ MCAP Financial Corporation
 
 
Last week's conversation with Dan Bulat , Principal @ Envirotech Engineering
 
 
 
Archived conversations .
 



 sponsors of this week's issue:

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Carbon Copy Digital

 
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CONNECT WITH SERVPRO
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Pekarsky Stein, Alberta's Leading Boutique Search Firm
 
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CONTACT OMICRON
 
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CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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FINANCINGS - proposed & closed

+ Blackbird Energy Inc. closed $30.4 million common shares & warrants financing

+ BNP Resources Inc. is on the market to raise $10 million in equity

+ Brookfield Real Estate Service Inc. closed $68 million in credit facilities

+ Ceres Global Ag Corp. is on the market to raise $75 million in a rights offering

+ CIBC is on the market to raise $1 billion in debt

+ Contact Exploration Inc. is on the market to raise $20 million in equity

+ Enerdynamic Hybrid Technologies Corp. closed final ($600,000) tranche of its $1,350,000 equity financing

+ Firm Capital Property Trust closed $8,025,000 equity financing

+ Global Healthcare Dividend Fund closed $155 million IPO

+ Northquest Ltd. is on the market to raise $1.2 million

+ Oncolytics Biotech Inc. is on the market to raise $20 million in equity

+ OneRoof Energy closed US$16.7 million equity financing & credit facility

+ Warburg Pincus raised US$4 billion for its First Energy Fund




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 TODAY'S HEADLINES


PC by-election sweeps | crude dipped below US$80/barrel | Donnycreek merger | Genesis seeking Sage Hill partner/buyer | Penn West $355 million asset sale | some European banks in capital shortfall | CPP Board investing $396 million in Brazil | Rod Love, dead at 61 | Integrated Sustainability Consultants – named Small Business of the Year | financings + executive appointments >>>>


NEWS SUMMARY 
 Oct. 21 - 28


+ Alberta by-elections: Premier Jim Prentice elected in Calgary-Foothills, Health Minister Steve Mandel elected in Edmonton-Whitemud, Education Minister Gord Dirks elected in Calgary-Elbow, Mike Ellis elected in Calgary-West; a PC Party sweep, Wildrose Party ran 2nd in 2 ridings, 3rd in 2 ridings; low turnout & results suggest Albertans strongly support Premier Jim Prentice’s leadership …

+ American Hotel Income Properties REIT LP closed US$31.4 million portfolio in Amarillo, Texas

+ Anticosti Hydrocarbons L.P. agreement with Gas Metro L.P. to develop natural gas properties on Anticosti Island

+ Association of Mortgage Investment Professionals established; to be known as AMIPROS

+ ATB Financial – THE OWL … Daily Economic Comment

+ Bank of Canada announced it will maintain its overnight target rate at 1.0%

+ B.C. government announced its LNG Income Tax at 3.5% of net income for 2017-2036 taxation years, then 5.0% in 2037 … with schedules for deductions – offering the industry certainty … no word yet on how that feels for the affected/inflicted parties

+ BHP Billiton announced it will sell its U.S. Fayetteville shale gas assets

+ BNP Resources Inc. created a new entity, a ‘publicly traded sidecar company’

+ Calgary Real Estate forum was an awesome sellout! … the commercial industry gathered for its annual love-in; retail development robust, industrial sluggish, office losing velocity but everyone conservatively bullish; many speakers, inspiration provided by featured speakers John Furlong and Craig Kielburger were high points!

+ Canada Pension Plan Investment Board announced plans to invest $396 million in commercial projects in Brazil this year

+ Cenovus Energy Inc. announced its 2015 CapEx Budget is $2.8 billion or more

+ Cenovus Energy Inc. is considering a royalty production spin-off of assets similar to what Encana did with PrairieSky … tic toc …

+ CSC ServiceWorks has a new minority owner; Ontario Teachers’ Pension Plan acquired 29.7%

+ current energy prices: live link to Bloomberg.com commodities data ; pricing volatility – natural gas futures were up on storage-build smaller than expected, then down again; crude briefly broke below US$80/barrel (Goldman Sachs forecasting US$70-75/barrel in early 2015)

+ Donnycreek Energy Inc. agreed to merge with Contact Exploration Inc.; to rename as Kicking Horse Energy Inc.

+ European Central Bank stress-tests have European investors and bankers on edge as 25 eurozone banks are weak; 13 of 130 failed to meet the standard yet markets seem to be giving it a positive spin for now while confidence in Germany at lowest level in 2 years … tic toc, or is that tick, tick?

+ Four Seasons Hotels opened in Moscow; rebranding of Hotel Moskva; rebranded as Four Seasons Hotel Moscow

+ General Dynamics Canada won $122 million Canadian Forces contract for radio upgrades; work to be split between Calgary and Ottawa

+ Genesis Land Development Corp. is on the market to find a partner or buyer for the 22.4 acre commercial portion of its 73.7 acre Sage Hill Towne Centre master planned NW Calgary community

+ Husky Energy announced its Sunrise oilsands project cost has jumped from $2.8 billion to $3.2 billion

+ IDE Technologies to partner with Fair Canada Engineering to expand its Canadian water-treatment and oilsands business

+ Milestone Apartments REIT closed its US$40.5 million acquisition of 221 unit project in Denver

+ Niko Resources Ltd. agree to sell interests in a package of Indonesian production contracts to Ophir Energy plc for $31 million plus future percentages

+ Northwest Territories launched its first call for nomination for oil and gas development; deadline Nov. 21/14 in run-up to responsibility shift from federal government on Apr. 1/15

+ Pembina Pipeline Corporation closed its US$650 million acquisition of Vantage Pipeline system and related assets

+ Penn West Petroleum Ltd. agreed to sell a portfolio of non-core natural gas weighted assets for $355 million to an undisclosed buyer

+ Perpetual Energy Inc. agreed to sell package of non-core heavy oil assets for $21.6 million

+ Sasol announced it will build a US$8.1 billion ethane cracker in Louisiana to produce ethylene for the plastics industry

+ SK E&S Co. Ltd agreed to pay US$360 million for shale gas assets of Continental Resources Inc.

+ Slate Retail REIT closed its US$16.83 million acquisition of Forest Plaza shopping centre in Fond du lac, Wisconsin and its US$13.95 million acquisition of Smithfield Shopping Plaza in Smithfield, Virginia

+ Small Business Week – Alberta government launched a new resource website and one-stop-shop strategy to support small business

+ Strata Oil & Gas Inc. has applied for regulatory approval to explore for oilsands on its Cadotte blocks in the Peace River area

+ TransCanada Corporation got conditional environmental approval for its Coastal GasLink Pipeline Project; 670 km., 48” line will connect Dawson Creek with proposed LNG plant in Kitimat

+ U.S. government threatened sanctions against anyone buying oil from Islamic State militants




 KUDOS

+ to Integrated Sustainability Consultants Ltd. – chosen by Calgary Chamber of Commerce, winner of ATB Small Business of The Year Award for 2014

 

+ to Challenger Geomatics Ltd. – celebrating 30 yrs. In business

 

+ to Junior Acheivement’s  Calgary Business Hall of Fame 2014 inductees: Rick George, David Johnson, Clayton Woitas and Gordon Stollery (posthumus)




INTERESTING REAL ESTATE NEWS, other places


 
+ John Hancock div. of Manulife Financial acquired the Oracle Tower, Class A LEED Gold building in Irvine (Orange County), California
+ Four Seasons Hotels opened in Moscow; rebranding of Hotel Moskva; rebranded as Four Seasons Hotel Moscow
+ Huntingdon Capital Corp. closed $1.3 million sale of Chatham, Ont. industrial property
+ Ivanhoé Cambridge opened $87-million/200,000 sq. ft. expansion of Vaughan Mills Shopping Centre

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