+ Caisse de depôt et placement du Québec increased its stake in SNC-Lavalin Group Inc. to 10.2%
+ Calfrac Well Services Ltd. closed US$147 million acquisition of Mission Well Services LLC
+Canaccord Financial Inc. changed its name to Canaccord Genuity Group Inc.
+ Canadian Natural Resources Limited entered into a JV farm-in deal on its South-African offshore exploration with Total E & P South Africa BV
+ Canexus set to commence operation of 50,000/barrel/day unit train operation in November; expanding next year to 100,000 barrels/day from its terminal in Bruderheim
+ Capital Power completed its acquisition of 50% interest in Shepard Energ Centre for $325 million
+ Enbridge Inc. planning $1 billion diluent pipeline between Edmonton and Fort McMurray
+ Industrial Alliance Insurance and Financial Services Inc. closed its $79 million acquisition of Jovian Capital Corporation
+ Nabors Alaska Services Corp. agreed to sell 100% of Peak Oilfield Service Company LLC to Bristol Bay Native Corporation
+ Olympia Trust Company sold its transfer agency and corporate trust assets to Computershare Trust Company of Canada for $43 million
+ Ontario Teachers’ Pension Plan pressing the Ontario Securities Commission to require all public companies to add minimum of 3 female directors
+ Petronas announced plans to invest $36 billion in construct LNG export terminal and infrastructure in BC; investment welcomed/supported by Harper government
+ Rogers Communications Inc. announced it will invest $700 million in Alberta over next four years to expand network infrastructure and retail stores
+ Royal Dutch Shell plans to sell its 106,000 acre stake in the Eagle Ford Shale
+ Scotia Asset Management L.P. changed its name to 1832 Asset Management L.P.
+ Sky Harvest Windpower Corp. changes its name to Sky Harvest Energy Corp.
+ South East ring road section – extends Stony Trail from Peigan Tail to highway 22 - opens today’ $769 million project will ease rush-hour pressure on Deerfoot Trail
+ Twin Butte Energy Ltd. closed $19.5 million disposition of non-core west-central Alberta natural gas assets
+ U.S. Federal Reserve delay of ‘qualitative easing’ won’t last forever – PIMCO have a post Q.E. strategy
+ Vermillion Energy Inc agreed to $27.5 million acquisition of Northern Petroleum Nederland B.V.
FINANCINGS - proposed & closed
+ Anaergia Inc. closed $47.5 million equity financing
+ Calfrac Well Servicees Ltd. is on the market to raise US$ 150 million in sr. debt
+ Cequence Energy Ltd. is on the market to raise $60 million in debt
+ Cominar REIT is on the market to raise $250 million sr. unsecured debt
+ Discovery 2013 Flow-Through LP is on the market to raise $25 million
+ ME Resource Corp. is on the market to raise $250,000
+ MEG Energy Corp. closed $824,400,000 million sr. unsecured debt
+ Nextraction Energy Corp. closed $2.5 million financing
+ NuVista Energy Ltd. is on the market to raise $38.3 million, flow-through shares
+ Paramount Resources Ltd. is on the market to raise $60 million, flow-through shares
+ Pembina Pipeline Corporation closed $150 million preferred share issue
+ Petroforte Intl. Inc. closed $1,090,500 flow-through share
+ Petrox Resources Corp. is on the market to raise $3,825,000
+ Pine Cliff Energy Ltd. is on the market to raise $20,020,000 in equity
+ Starlight U.S. Multi-Family (No.2 Core Fund is on the market to raise US$22 million by IPO
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 Mel Foht from Royop Development Corporation
Last week's conversation with Pat Evans from Sizeland Evans Interior Design
+ 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 Saunders to Chief Revenue Officer @ The Globe and Mail
+ Art Jukes to VP @ BFL Canada Insurance Services Inc.
+ Charles Webber to Dean, Continuing Education and Extension @ Mount RoyalUniversity
+ Christ Ferguson to CFO @ TAG Oil Ltd., replacing Blair Johnson
+ Christa to Partner @ Jensen Shawa Solomon Hawkes LLP
+ Chuck Magro to CEO Agrium Inc.
+ Georges Renaud to VP Bus. Dev. @ Stategique Real Estate Services Inc.
+ Glen Beaumont to Pres. @ Enbridge Gas Distribution Inc.
+ Janet Kennedy to Pres. @ Microsoft Canada Inc.
+ Jodie Wallis to Managing Dir., Banking @ Accenture Canada
+ Jon Arnett to Managing Dir. @ Carfax Canada
+ Kathryn Shailer to Provost and VP Academic @ Mount Royal University
+ Mike McAllister to Chief Operating Officer @ Encana
+ Pat Creachan to VP Special Projects @ ATCO Energy Solutions
+ Sean Humphry to VP Marketing @ The Globe and Mail
+ Steve Orr to Pres. @ ShawCor Ltd.
+ Tony Salters to VP Storage @ ATCO Energy Solutions
+ ExxonMobil, BP, ConocoPhillips and TransCanada Corp. JV planning Alaska LNG project; re-opening ConocoPhillips Nikiski site is likely location for plant, 800 mile pipeline project to ship North Slope gas – total project to be $45-65 billion
+ Genalta Power Inc. finalized agreement with Husky Energy to build a 22 Megawatt power facility at Cadotte; surplus power will be sold into the grid
+ Manitoba Telecom Services Inc. go a refusal from Industry Canada on its proposed sald of MTS Allstream to Accelero Capital Holdings S.a.r.l.
+ Porto Energy Corp. engaged advisors to assist in maximizing shareholder value
+ Talisman Energy Inc. shares surge on news Carl Icahn disclosed his firm has taken a 5.97%-$802 million stake in Talisman . . . tic toc ...
+ U.S. gov. operations remain ‘officially shut down and semi-paralyzed’ over budget impasse while debt-ceiling deadline (Oct. 17) looms; all markets watching for signs of sanity … but seeing little as White House, House Republicans and Senate Democrats play high-stakes game of chicken
+ Veresen Inc. has reached agreement with shippers for, in aggregate, 25% of requirements for its Jordan Cove LNG project
+ the Government of Alberta hired AMEC and AECOM for assessment of flood impacts and feasibility of proposed flood reduction projects in southern Alberta watersheds impacted by this summer’s flooding ; early plans point to $830 million in capital costs to put upstream modifications and diversion tunnels in place. Premier Redford’s response supportive but waffling … obviously, because of the huge cost and current challenge paying for $6 billion in flood damage
QUOTES
“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” – Abraham Lincoln
“There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves.” – Will Rogers
KUDOS
+ St. Mary’s UniversityCollege will be saluting benefactor Alan Markin on Nov. 5th for his financial support – since 1994 he has donated $20 million to St. Mary’s. .. oh my!
