+ Andrew Stead to Partner @ McMillan LLP + Bruce Payne to VP Global Operations @ Cafrac Well Services + Chris Fowler to COO @ Canadian Western Bank + Jim Burpee to Pres. & CEO @ Canadian Electricity Association + Mike Graham, Sr. VP Canadian Div. @ Encana Corp. left the company + Peter Philipchuk to VP Exploration @ PetroFrontier Corp resigned + Rick Brouwer to Pres. & CEO @ Iracore International Inc., replacing Dan Burkes who retired + Rob Montgomery to Pres., Canadian Div. @ Calfrac Well Services + Stephane Therrien to Exc. VP Real Estate & Commercial Financing @ Laurentian Bank [send us your firm’s appointment notices to: research@maxcomm.ca ]
SAVE THE DATE / upcoming events
+ Feb. 23, NAIOP Breakfast; BMO Centre, Stampede Park info/register
+ Mar. 13-15; 12th Annual Arctic Oil & Gas Symposiuminfo/register
+ Mar. 20-21/2012; 6th Annual Buildex Edmonton, Edmonton Northlands info/register + Apr. 11/2012; Vancouver Real Estate Forum info/register + May 10/2012; Edmonton Real Estate Forum info/register + June 5/2012; Calgary Leasing Conference info/register + June 19; sustainabuild conference, Calgary TELUS Convention Centre info/register
SAVE THE DATE / corporate meetings
+ Mar. 7, Vero Energy Inc., Special Meeting of Shareholders, Calgary + April 5; China Coal Corporation, Annual & Special Meeting of Shareholders, Calgary + May 17; Canadian Pacific, Annual Meeting of Shareholders, Calgary
INFRASTRUCTURE / P3 / GREEN
+ City of Calgary staff are starting to move into the refurbished former police headquarters building – 130,000 sq. ft. of office space that sets the stage for re-stacking the municipal building + Alberta’s capital budget is down by $500 million this year and predicted lower next year without provision for the repair/refurbishment deficit for schools and hospitals . . . + Parks Canada announced the Glacier Discovery Walk project has passed environmental assessment requirements
+ Alberta’s Critical Transmission Review Committee recommended two high-voltage direct current transmission lines between the Edmonton and Calgary regions; calls for new process for designating future project and recommended changes to legislation so that consideration of the need for future projects is returned to the Alberta Utilities Commission (AUC)
QUOTES
“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” – Marcus Aurelius “If you do not change direction, you may end up where you are heading.” – Lao Tzu
GOLF QUOTE / JOKE
“Golf, like the measles, should be caught your, for, if postponed to riper years, the results may be serious.” – P.G. Wodehouse
FACILITYCalgary published every Tuesday morning
FRESH ITEMS TODAY Feb. 14 / 2012
+ Chesapeake Energy Corp. will sell $10-12 billion in assets due to depressed natural gas prices
+ CNRL’s Horizon cuts production forecast due to upgrader down for unscheduled maintenance until April
+ MEG Energy Corp. obtained regulatory approval for its Christina Lake Phase 3 SAGD oil sands project
+ V-day 2012 …. don’t forget to be sweet to the sweet, and sweeter to the sour!
+ Winsway Coking Coal Holdings Ltd. got regulatory approval, moving closer to closing its $1 billion takeover of Grande Cache Coal Corp.
NEWS REVIEW Feb. 8 - 13
+ Alberta’s 2012 budget forecasts $40.2 billion, projected deficit for 2012-13 of $886 million; big spending plans are predicated on bold energy price projections, setting stage for anticipated election call + Alberta Environment Minister McQueen says she will quickly appoint an independent commissioner to oversee the new oil sands monitoring system + CE Franklin Ltd. struck board committee to engage in takeover talks with Schlumberger + Cominar RETI completed its takeover bid fro Canmarc REIT + Enbridge Inc,, in response to Gateway pipeline opposition, is considering a change of route to Prince Rupert as an alternative to Kitimat – stay tuned … + Noble Energy Inc. announced its 2012 CapEx Budget of US$ 3.5 billion + Novus Energy Inc. announced its 2012 CapEx Budget of $ 81 million + Progress Energy Resources Corp. cut its CapEx Budget by $100 million, shutting in 10% of its natural gas production due to soft prices + Rock Energy Inc. announced its 2012 CapEx Budget of $30 million + Rock Energy Inc. closed Montney natural gas assets for $36 million + Total agreed to sell TEPMA unit to Sinochem for US$ 1 billion + Trimac Transportation Ltd. agreed to pay $9 million for 29% interest in Northern Resource Trucking Limited Partnership + Veresen Inc. closed its $920 million acquisition of Hythe/Steeprock Midstream assets from Encana Corporation
FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
+ Cominar REIT is on the market to raise $175 million in new equity + Enerplus Corporation closed $345 million equity issue + Frontier Acquisition Corp. closed $2 million IPO + Great-West Lifeco Inc. is on the market to raise $250 million by preferred share issue + Lone Pine Resources Inc. is on the market to raise $199,060,000 in convertible debt + NAL Energy Corp. is on the market to raise $140 million in convertible debt + Partners REIT closed $20 million equity financing + Power Financial Corporation in on the market to raise $250 million by a preferred share issue + Scotiabank closed $1,658,250,000 common share issue
