+ 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
