+ Enbridge Inc. concludes its submissions for its proposal to reverse its Line 9 to carry crude to flow east from Sarnia to Montreal; Ontario government says it will NOT do its own environmental assessment, leaving that to the National Energy Board notwithstanding protests of NDP and activist groups
+ Energy Council of Canada named Chris Huskilson (Pres/CEO @ Emera Inc.) and Ed Martin (Pres/CEO @ Nalcor Energy) as Energy Persons of the Year
+ Enerplus Corporation agreed to sell non-core liquids production for $105 million
+ Habanero Resources Inc. will be compensated by Alberta Government for its oilsands leases (fall within Fort McMurray Urban Development Subregion) which have been cancelled
+ 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
+ LIBOR scandal fallout continues; 22 British bank executives under investigation
+ Sinopec Group on the market to find 50/50 partners for its two largest shale-gas plays in the Duvernay and Montney fields operated by Daylight Energy
+ Sobeys Inc. got Canadian Competition Bureau clearance for its acquisition of Canada Safeway provided Sobey’s divest 23 specific store locations (none in Calgary)
+ Surge Energy Inc. closed $282 million in light oil assets acquisitions
+ Target Corporation announced it will complete its 30 store, 2013 Canadian store program on Nov. 13; one store in Calgary, at Sunridge Mall
+ TELUS Corporation agree to acquire Public Mobile(operations in Ont. & QC), price not disclosed
+ Tsuu T’ina First Nation members voted in favour of the deal with Alberta Government for the Southwest Calgary Ring Road project; deal will now involve Federal Government transfer of land to the Province of Alberta who will in turn compensate Tsuu T’ina First Nation
+ Ultra Petroleum agree to acquire oil producing properties in UintaBasin, $650 million
+ Rockbridge Resources Inc. closed $77,500 financing
+ RMP Energy Inc. is on the market to raise $50,020,000 equity financing
+ Samoth Oilfield Inc. closed $500,000 financing
+ ShaMaran Petroleum Corp. Petroleum Corp. is on the market to raise $156,810,000 in debt
+ Stonegate Agricom Ltd. is on the market to raise $60 million in debt/lease financing
+ Storm Resources Ltd. is on the market to raise $35,175,000 in equity
+ US Oil Sands Inc. closed $82,065,649 equity financing
+ Whitecap Resources Inc. is on the market to raise $65 million in new equity
INTERESTING REAL ESTATE NEWS OTHER PLACES
+ Sears Canada is selling leases back to Cadillac Fairview et al, 5 locations (including Toronto’s Eaton Centre in a $400 million transaction
+ Westbank Properties agreed to acquire iconic Toronto side – the Honest Ed’s site at the corner of Bloor and Bathurst Streets; price not disclosed. Mirvish family retains remainder of the city block ..
+ Temple Hotels Inc. acquired Nova Court (106 suites) in Yellowknife from Lanesborough REIT for $21.68 million; planning $4.8 million upgrade/refurbishment.
+ HealthLease Properties REIT closed its acquisition of the Willows at Hamburg in Lexington, Kentucky from Health Care REIT Inc. – 123 units, $14,123,350
+ BP opened its High-Performance Computing Center in Houston; 110,000 sq. ft., 67,000 CPU’s, processing data up to ‘two petaFLOPS’ .. which, we understand means vewwwy vewwwy fast!
“How few there are who have courage enough to own their faults, or resolution enough to mend them.” – Benjamin Franklin
“Fears are nothing more than a state of mind.” – Napoleon Hill
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 Ken King, Pres. & CEO, Calgary Flames Hockey Club
Last week's conversation with Lyn Cadence of Cadence Public Relations
+ 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
+ Andrew Claerhout to Sr. VP, Teachers’ Infrastructure Group @ Ontario Teachers’ Pension Plan
+ Bill Slipp to Pres. @ First Mountain Exploration Ltd.
+ Blair Sinclair to Exec. VP, Investments & Development @ Triovest Realty Advisors Inc.
+ Brad Krizan to VP @ McBain Properties
+ Earl Scott to Pres. & CEO @ PetroFrontier Corp.
+ Edward Berko to Chief Risk Officer @ Economical Insurance
+ George Wilson to Head of Energy Investment Banking Group @ Integral Capital Markets
+ Jane Rowe to Sr. VP Teachers’ Private Capital @ Ontario Teachers’ Pension Plan
+ Michael Wissell to Sr. VP Public Equities Program @ Ontario Teachers’ Pension Plan
+ Paul Murray to Exec. VP, Aecon Energy @ Aecon Group. Inc.
+ Phillip Babbitt to Pres. & CEO @ NovaJet Inc.
+ Roger Howarth to Sr. VP, Project Controls @ Aecon Group. Inc.
+ Steve Yuzpe to Pres. & CEO @ Sprott Resource Corp.
+ Vincent Borg to Sr. VP Corp. Affairs @ Aecon Group. Inc.
+ Wayne Kozun to Sr. VP Fixed and Alternative Investments @ Ontario Teachers’ Pension Plan
+ Ziad Hindo to Sr. VP Tactical Asset Allocation & Natural Resources @ Ontario Teachers’ Pension Plan
+ Lib Gibson to Director @ Computershare Trust Company of Canada
+ Paul Bennett, Pres. & CEO @ PetroFrontier Corp. retired
+ Paul Reichmann, founder of Olympia and York group of companies, legendary Canadian developer who transformed office markets in Toronto, New York, London and Mexico City, died
BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.
+ David Gregory to Director @ Zaio Corporation
+ Joseph Carrabba to Director @ Aecon Group. Inc.
+ Monica Sloan to Director @ Aecon Group. Inc.
+ Murray Schur to Director @ Northern Frontier Corp., replacing Darrell Peterson who left the board
+ Calgary Real Estate forum (15th Annual), TELUS Convention Centre; check out session B1 at 11:25AM - Case Study on Alberta Flood 2013; Panelists – Bruce Burrell, Christopher Becks, Lee Rogers and Dave Wittal; Moderator Mark Kolke - sponsored by ATB Corporate Financial Services - program
+ Canadian First Financial Group Inc. completed its acquisition of MonCana Bank of Canada
+ Carl Icahn increased his stake in Talisman Energy from 5.97% to 6.96%
+ Finance Minister Flaherty promised a balanced budget … and surplus for 2015
+ Government of Alberta released updated 2013 Flood Statistics; more than $170 million in disaster assistance provided to 14 municipalities & 2 First Nations to allow them to begin rebuilding – over 9,100 Albertans have applied for the disaster recovery assistance
+ Government of Albertaintroduced Bill 27 – establishing flood mitigation steps in law, restricting development in areas deemed floodways and funding mitigation steps
+ Government of Albertaintroduced Bill 31 – establishing a new agency – Alberta Environmental Monitoring, Evaluation and Reporting Agency (AEMERA)
+ Sears Canada is selling leases back to Cadillac Fairview et al, 5 locations (including Toronto’s Eaton Centre in a $400 million transaction
+ Senate-gate continues between Senators (Duffy, Wallin and Brazeau) facing suspension over improper expense claims or expulsion in tug-o-war of words with the PMO (Prime Minister’s Office); hard to tell which scandal tops which … stay tuned as ‘what the prime minister knew and when he knew’ it shakes up Senate reform issues like never before
+ Whitecap Resources Inc. acquiring Alberta Cardium and Saskatchewan Viking plays; $90 million & $78 million
+ Chinook Roads Partnership, builders of South-East leg of Calgary Ring Road, are still behind – opening date for 25 km./ $769 million project
+ Tsuu T’ina First Nation members voted in favour of the $337 million deal with Alberta Government for the Southwest Calgary Ring Road project; deal will now involve Federal Government transfer of land to the Province of Alberta who will in turn compensate Tsuu T’ina First Nation
