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FACILITYCalgary June28/22

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SHAKERS AND MOVERS

 

+ Alfred Sorensen to CEO @ Canadian Spirit Resources Inc.
+ Anthony Marino, CEO @ Baytex Energy Corp., resigned
+ Cory Smith to Principal @ Golder Associates
+ Courtney Luimes to Director @ Canadian Strategy Group
+ Doug Horner to President of Treasury Board & Minister of Finance @ GOA
+ Getu Biftu to Principal @ Golder Associates
+ Ken Hughes, Interim CEO @ Wenzel Downhole Tools Ltd., resigned
+ Ken Hughes to Minister of Energy @ GOA
+ Lloyd Thomson to CEO @ The Mustard Seed
+ Rick McIvor to Minister of Transportation @ GOA
+ Wayne Drysdale to Minister of Infrastructure @ GOA 

[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ May 23; Alberta Legislature convenes new Spring Session
+ June 5/2012; Calgary Leasing Conference info/register
+ June 12-14; Global Petroleum Show 2012, Stampede Park, Calgary info/register
+ June 18; IFMA OPEN – 19th Annual Golf Tournament; Lynx Ridge GC, Calgary info/register
+ June 18 - 20; Developing Unconventionals Canada conference, TELUS Convention Centre, Calgary info/register
+ June 19; sustainabuild conference, Calgary TELUS Convention Centre info/register



 SAVE THE DATE / corporate meetings

 

+ May 16; COMINAR REIT, Annual Meeting of Unitholders,Quebec City
+ May 16; HSE Integrated Ltd., Annual Shareholder Meeting, Calgary
+ May 17; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, Calgary
+ May 22; Pembina Pipeline Corporation, Calgary
+ May 23; First Capital Realty Inc., Annual Shareholders Meeting, Toronto
+ May 23; Morguard Sunstone Real Estate Income Fund, Vancouver
+ May 24; GENIVAR, Annual General Meeting of Shareholders, Montreal
+ May 31; Pacific Rubiales Energy Corp, Annual & Special Meeting of Shareholders, Toronto
 
[send us your firm’s AGM notices to:  kolke@facilitycalgary.com ]



 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary Transportation Department facing cost over-runs on West LRT leg; project budget of $1.4 billion forecast to be exceeded by $35 million which will be pulled from reserves for SE leg of the system
 
+ Climate Changes and Emissions Management Corporation has called for expressions of interest for projects to reduce greenhouse gas emissions
 
+ City of Calgary Council voted to preserve Eamon’s Bungalow Camp building and sign along side Crowchild for use as part of a new LRT station; cost is $1 million
 
+ Veresen Inc. commenced operations at its 400 megawatt gas-fired peaking generation facility in Ontario
 
+ Export Development Canada (EDC)’s annual Canadians at Work: 50 International Infrastructure Projects publication is now an online resource for Canadian companies in conjunction with ReNew Canada, an infrastructure publication
 
+ Norway launched the world’s largest carbon capture and storage facility; $1 billion project funded by Norwegian government will test two processes to prove-out economic viability

FACILITYCalgary
 published every Tuesday morning


 FRESH ITEMS TODAY 
 May 15 / 2012 


 

+ Aereoquest International Limited closed its arrangement to acquire Geotech Ltd.
+ Bowood Energy Inc. and Legacy Oil + Gas Inc. agreed to combine to focus on Bakken production
+ current energy prices -  live link to Bloomberg.com commodities data ; natural gas up, oil down to 2012 lows on political uncertainty in France, Greece …. Eurozone debt worries
+ Greece teetering, debt woes and possible withdrawal from the Euro causing worry-ripples throughout
+ Mountainview Energy Ltd. closed its acquisition of Pondera and Medicine Lake Assets
+ Raimount Energy Inc. completed a spin-out of its Mount Rainey Silver Inc. unit
+ Spectra Energy Corp. announced it will go forward with its $1.5 billion expansion program for its natural gas assets in B.C.



 NEWS REVIEW 
 May 9 - 14 


 

+ Alberta Premier  Alison Redfored announced her new cabinet; 7 Calgarians in 19 member cabinet; Treasury Board members,  Deputy Minister appointments and salaries
+ Ally Financial (formerly GMAC) put its mortgage unit Residential Capital into bankruptcy
+ Athabasca Oil Sands Corp. changed its name to Athabasca Oil Corporation
+ JP Morgan senior execs dismissed in wake of  trading losses first estimated at $2 billion, could be upwards of $4 billion … stay tuned
+ Marathon Oil Corp. acquired Paloma Partners II LLC for $759 million
+ Nexen Inc. abandoned $120 million Gulf of Mexico well
+ Oilsands Quest Inc. got its CCAA court protection extended to June 29
+ PACEpartners inc. agreed to a combination with Vivione BioSciences LLC
+ Pershing Square Capital Management LP continued its assault on the CPR board, marshalling support for wholesale board-member dump and replacement of CEO Fred Green in advance of Annual Meeting of Shareholders while CPR continued its media-blitz of information touting improved operating performance of the company and issued press statements refuting critique of analysts  … stay tuned!
+ Ritchie Brothers agreed to acquire AssetNation Inc.
+ Statoil ASA and Cirque Resources formed a partnership to develop Montana properties
+ TransCanada Corporation announced it will proceed with its $275 million Keystone Hardisty Terminal project, expected to be in service by late 2014
+ Trican Well Service Ltd. cut its 2012 CapEx Budget by $132 million
+ Visser Consulting Ltd. acquired Heritage Surface Solutions Ltd.
+ Widewaters Group announced plans to build a $75 million 315 room hotel in the East Village at 4th St. & 7 Ave. SE; the hotel will be dual branded – Hilton Garden Inn/ Homewood Inn And Suites



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

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GOLF QUOTE / JOKE

 

“You’re only here for a short visit. Don’t hurry, don’t worry.  And he sure to smell the flowers along the way.” – Walter Hagen
 
“No one remembers who came in second.” – Walter Hagen

FINANCINGS - proposed & closed

 

+ Africa Hydrocarbons Inc. is on the market to raise $10,008,000 in new equity
+ BlackPearl Resources Inc. closed $25 million credit facility
+ EmberClear Corp. is on the market to raise $8.5 million in debt and warrants financing
+ Enbridge Inc. is on the market to raise US$400 million in preferred equity
+ FNR Energy III Limited Partnership closed $4,634,200 IPO
+ Gibson Energy ULC is on the market to expand its revolving credit facility from US$275 million to US$375 million
+ Northland Power Inc. is on the market to raise $120 million in preferred equity
+ Riverbank Power Corporation Closed $38 million in debt financings
+ Shoreline Energy Corp. closed $10 million convertible debt financing
+ Terra Nova Minerals Inc. is on the market to raise $10,652,075 in new equity



 QUOTES

 

"What is a cynic?  A man who knows the price of everything and the value of nothing.” – Oscar Wilde
 
“Problems are the price of progress. Don’t bring me anything but trouble. Good news weakens me.” – Charles F. Kettering



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