+ Bayshore Petroleum Corp. entered into an MOU with Athabasca bitumen producer E-T Energy Ltd. to raise capital and implement a construction and operations program to produce diesel
+ Sept. 15 -16; Oil Sands Trade Show, Suncor Community Leisure Centre, Fort McMurray; info/register
FACILITYCalgary current week data
this site is refreshed with a new issue every Tuesday morning
updated ... September 15, 2015
TODAY'S HEADLINES
CNRL pay cuts | Crew acquisition | Harper gov’t surplus| Penn West $192.5 million asset sale | PHX layoffs | Ritchie auction + Nair Bailey interview | upcoming events & corp. meetings + climate change & infrastructure news + REIT news + this week’s financings + executive and board appointments >>>>
+ Gemini Corporation closed a $5,475,000 sale/leaseback transactions on its Ponoka fabrication facility
+ General Electric got French government approval of its US$13.5 billion takeover bid to acquire Alstom’s energy/power business
+ Harper government announced a $1.9 billion surplus for 2014-15, Canada’s first surplus since 2007-8
+ North American Frac Sand Inc. acquired North American Frac Sand (CA) Ltd.
+ Penn West Petroleum agreed to sell its Greater Mitsue Central Alberta assets for $192.5 million
+ PHX Energy Services cutting half its workforce; 500 jobs lost
+ Ritchie Bros. had its largest September auction ever in Edmonton Sept 9-11 fetched $101 million; 9,850 bidders (6,150 of them on-line)
+ Sproule Associates Limited formed a strategic alliance with Gas Processing Management Inc.
+ Xinjua Mobile Limited acquired a controlling interest in GINSMS Inc.
THIS WEEK IN FINANCINGS
- proposed & closed
+ Artisan Energy Corporation closed $335,000 tranche of an equity financing
+ Aston Hill Financial Inc. closed $6.3 million equity raise
+ Brookfield Asset Management Inc. is on the market to raise $350 million in debt
+ Canadian Pacific Railway Limited is on the market to raise US$1.2 billion in debt
+ CN is on the market to raise $850 million in debt
+ Enerkem Inc. closed $152.6 million in debt
+ Maple Leaf Green World closed $300,000 common share & warrants financing
CLIMATE CHANGE / LEED / RENEWABLE ENERGY
+ Ceres BioSystems Limited signed an "Intent For Cooperation" agreement with Uttar Pradesh,India for development of up to 10 facilities to convert organic waste into natural fertilizer
+ Enerkem Inc. commenced production of biomethanol from non-recyclable household garbage at its Enerkem Alberta Biofuels facility in Edmonton
+ Millennium Stimulation Services announced its Energized Natural Gas fluid solution for hydraulic fracturing; process allows a virtually complete replacement of water volumes while eliminating the need to vent gas or flare gas emissions into the atmosphere
INTERESTING REAL ESTATE NEWS, other places
+ CAPREIT closed its $170 million acquisition of 919 residential units (19 properties) in the greater Vancouver area
+ Chartwell Retirement Residences acquired three Ontario retirements residences for $170.7 million
+ Gemini Corporation closed a $5,475,000 sale/leaseback transactions on its Ponoka fabrication facility
+ Inovalis REIT, with a 50/50 JV partner agreed to acquire a 65,530 sq. ft. office property in Cologne, Germany for $34 million; going in cap rate 5.0%
+ Ivanhoé Cambridge and Callahan Capital Properties acquired PacMutual office property in Los Angeles for US$200 million
+ John Hancock Real Estate closed its US$182 million acquisition of 1750 Pennsylvania Ave. in Washington DC from Vornado REIT
+ Holloway Lodging Corp. acquired the Days Inn in Sydney, Nova Scotia out of foreclosure for $2.1 million
+ Lanesborough REIT closed $70.25 million sale off Colon Square, 428 suite apartment in Winnipeg
+ Pomeroy Lodging LP agreed to acquire Delta Lodge at Kananaskis; will invest $26 million in renovation
+ Starlight U.S. Multi-Family Core Fund and Starlight U.S. Multi-Family (No.3) Core Fund acquired a 401 unit apartment project in Atlanta, Georgia for US$65.5 million
+ The Blackstone Group agreed to acquired Strategic Hotels and Resorts for US$6 billion
this week in REITS
+ CAPREIT closed its $170 million acquisition of 919 residential units (19 properties) in the greater Vancouver area
+ Gregory Howard to Trustee @ SmartREIT
+ Inovalis REIT, with a 50/50 JV partner agreed to acquire a 65,530 sq. ft. office property in Cologne, Germany for $34 million; going in cap rate 5.0%
+ John Hancock Real Estate closed its US$182 million acquisition of 1750 Pennsylvania Ave. in Washington DC from Vornado REIT
+ Lanesborough REIT closed $70.25 million sale off Colon Square, 428 suite apartment in Winnipeg
+ Maplewood International REIT began a property disposition process
GLOSSARY
+ AER - Alberta Energy Regulator
+BBLS – barrels
+ BBLS/D – barrels per day
+ BOE – barrel of oil equivalent
+ CAPP - Canadian Association of Petroleum Producers
+ COSIA - Canada's Oil Sands Innovation Alliance
+ CREB - Calgary Real Estate Board
+ GJ - gigajoule
+ GOA - Government of Alberta
+ IPO – Initial Public Offering
+ KW – kilowatt (one thousand watts)
+ LEED – Leadership in Energy and Environmental Design
