FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP

In conversation with . . .  
Interviews with interesting Calgarians who shake and move ...
 
This week, my conversation with Joe Lougheed of Fraser Milner Casgrain LLP.
 
 
Last week's conversation with Mike Tims of Peters & Co.

SHAKERS AND MOVERS

 

+ Caroline Popilchak to VP Programming and Content @ Shaw Communication Inc.
+ Chethan Lakshman to VP Public Relations and Corp. Communications @ Shaw Communications Inc.
+ Debra Fouber to Director, Compliance and Registrant Regulation @ Ontario Securities Commission
+ Don Althoff to Pres. & CEO @ Veresen Inc.
+ Eleanor Farrell to Director, Office of the Investor @ Ontario Securities Commission
+ Ferio Publiese to Pres. @ WestJet Encore & Exec. VP @ WestJet
+ Gary Mundy to Partner @ GEC Architecture
+ Harold Goss to Director, Corporate Services @ Ontario Securities Commission
+ Hilary Foulkes, Exec. VP & COO @ Penn West Petroleum Ltd., left the company
+ Huston Loke to Director, Corporate Finance @ Ontario Securities Commission
+ Ian Cullwick to VP HR Research @ The Conference Board of Canada
+ James Burns, VP Corp. Planning @ Penn West Petroleum Ltd., left the company
+ Jeff Scobie to Partner, Calgary @ Bennett Jones
+ Jill Homenuk to Director, Communications and Public Affairs @ Ontario Securities Commission
+ John Dielwart, CEO @ ARC Resources Ltd., retiring Jan. 1
+ Katherine Emberly to VP Marketing @ Shaw Communications Inc.
+ Kirk Look to CFO @ Oncolytics Biotech Inc.
+ Kirsten Evenden, Pres. & CEO @ Glenbow Museum, resigned
+ Leslie Velner to CEO @ True North Apartment REIT
+ Myron Stadnyk, Pres. & COO @ ARC Resources Ltd., to Pres. & CEO Jan. 1
+ Paulo Maia to Pres. & CEO @ HSBC Bank Canada, replacing Lindsay Gordon who is retiring
+ Peter Osborne to Partner @ GEC Architecture
+ Randy Ferguson to COO @ Strategic Group
+ Rick George to Chairman @ Osum Oil Sands Corp.
+ Robert Catell to Chair @ Keyera Corp, replacing the late Peter Lougheed
+ Robert Dutton, CEO @ RON, resigned
+ Sanae Takahashi to VP Product Marketing @ Shaw Communication Inc.
+ Scott Riddell to VP Bus. Dev. @ Raise Production Inc.
+ Steve Medicoff to VP Sales, Shaw Business @ Shaw Communications Inc.
+ Steven Kroeker to VP & CFO @ Keyera Corp.
+ Thane Jensen, Sr. VP Operations Engineering @ Penn West Petroleum Ltd., left the company
+ Wendy Henkelman, VP Tresurye @ Penn West Petroleum Ltd., left the company
 
 [send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

FINANCINGS - proposed & closed

 

+ Algonquin Power & Utilities Corp. closed $120 million preferred share issue
+ Artek Exploration Ltd. closed $25,004,100 equity financing
+ Athabasca Oil Corporation closed $550 million in sr. secured sub. debt
+ Birch Lake Energy Inc. is on the market to raise $2 million in new equity
+ Caiterra Intl Energy Corp. closed $700,000 equity issue
+ CN is on the market to raise US$500 million in new debt offering
+ LGX Oil & Gas Inc. closed $47,572,400 equity financing
+ Montana Exploration Corp. is on the market to raise $4.5 million in share & rights offering
+ Retrocom Mid-Market REIT closed $44,506,000 equity financing
+ Solara Exploration Ltd. is on the market to raise $8 million in new equity
+ WesCan Energy Corp. is on the market to raise $750,000 in new equity

 SAVE THE DATE / upcoming events

 

+ Nov. 14;H2O Innovation Inc., Annual General Meeting, Quebec City
+ Nov. 15; WHYWHISPER Gala, YWCA of Calgary, TELUS Convention Centre info/tickets
+ Nov. 26 & 27; POWER IN PARTNERSHIP, 29th Annual CCPPP National Conference and Awards, Toronto info/register
+ Nov. 26-28; 23rd Annual AIPMAC Conference, Hyatt Regency, Calgary info/register
+ Nov. 28; SustainaBUILD Vancouver, Hyatt Regency, Vancouver info/register
+ Nov. 28-29; 11th Annual Oil Sands Symposium, Fairmont Palliser, Calgary info/register
+ Dec. 12; OPEC, 162nd Ordinary OPEC Meeting, Vienna info/register
+ Jan. 29 & 30; 9th Annual Shale Oil & Gas Symposium, Hyatt Regency, Calgary info/register
+ Feb. 13 & 14; BUILDEX, Vancouver Convention Centre, info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE

[send us your event notices to:  http://kolke@facilitycalgary.com ]

FRESH ITEMS TODAY 
 November 13 / 2012 

 

+ Bank of Canada to release its Autumn Issue, Bank of Canada Review  Nov. 15th
+ Canada to update budget forecasts today, behind schedule of deficit reduction – including contingency plans in event of U.S. fiscal disaster
+ current energy prices: live link to Bloomberg.com commodities data ; crude slips on rising U.S. supply
+ Greeks voting on bailout extension that will add 32.6 billion euros to its bailout
+ International Energy Agency forecasts North America to be net energy exporter by 2030 based on soaring Bakken and Eagle Ford production in the U.S.
+ Marquee Energy Ltd. agreed to sell Willesgreen oil and gas assets for $21 million
+ REALpac and FPL Advisory Group issued their 4th quarter 2012 assessment of the Canadian Commercial Real Estate Market
+ RONA rumoured to be subject of takeover bid from Lowe’s
+ Seadrill Ltd. awarded 5. yr. contract valued at $1.18 billion from Husky Oil Operations Limited for West Mira semi-submersible rig for use in Canada and Greenland

 NEWS REVIEW 
 Nov. 7 - 12 

 

+ Allstar Energy Limited closed a $24.1 million sale of Kindersley Viking assets
+ Birch Lake Energy Inc. and Veraz Petroleum Ltd. agreed to combine; to operate as Birch Lake
+ Calgary Parking Authority battle with ex-executives over patent rights to ParkPlus system being litigated; $42 million lawsuit filed
+ Calgary Transit rider-ship is up, surplus funds help City budget
+ City of Calgary 2013 budget tabled for debate, set to meet targeted increase of 5.7%
+ Enbridge Inc. to construct Heidelberg 34 mile lateral pipeline
+ EnCana Oil & Gas entered JV with Nucor Corp. to develop 20 yr. supply of natural gas for steel making plan in Louisiana
+ ERCB published a report estimating Alberta’s shale resource to be 423.6 billion barrels of oil, 3,424 trillion cubic feet of natural gas, and 58.6 billion barrels of natural gas liquids
+ Firm Capital Property Trust agreed to acquire four retail properties from Calloway REIT for $27 million
+ Fraser Milner Casgrain LLP in deal to merge with SNR Denton and Salans .. vote pending, merger to close in 2013
+ Genalta Power Inc. to construct its second 13.5MW clear fuel to electricity project for Pengrowth Energy Corporation
+ Glencore International plc’s takeover of Viterra Inc. moving ahead, hinges only on Chinese government approval
+ Gulf Oil of India agreed to acquire Houghton International for $1 billion
+ Hyduke Energy Services Inc. struck board committee and engaged advisors for strategic review and to solicit offers for the company
+ Leon’s Furniture Ltd. agreed to acquire The Brick Ltd. for $700 million
+ LGX Oil + Gas Inc. closed its $42.5 million Manyberries area light oil assets acquisition
+ Mayor Naheed Nenshi announced he will run for re-election in October 2013
+ Montana Exploration Corp. secured a strategic partner to aid with restructuring
+ OPEC’s World Oil Outlook predicts primary energy demand to jump 54% between 2010-2035, predicts shale gas has large potential
+ Pembina Pipeline Corporation to invest $545 million to expand its NGL, crude and condensate pipeline capacity in Peace and Northern Pipeline systems by 108,000 barrels/day
+ Penn West Petroleum Ltd. restructured its senior management, in midst of selling $1.3 billion in assets to reduce debt
+ Peyto Exploration & Development corp. announced is 2013 CapEx Budget of $450 million
+ post-U.S. election issue of financial cliff overshadowing financial markets – read PIMCO’s take on the near future ~~~
+ Terra Energy Corp. is moving ahead with the immediate sale of $80 million in asset sales to pay down debt
+ TransCanada Corporation completed its 111Megawatt Gros-Morne wind farm project, hooked up to Quebec power grid
+ North West Redwater Partnership’s $5.7 billion bitumen upgrading facility to begin construction spring 2013; will refine bitumen for provincial royalty recovery and for CNRL to produce diesel
+ U.S. oil & gas merger activity in 3rd quarter totaled $31.4 billion
+ U.S. elections did not result in any change in government control; Obama re-elected president, Republicans remain in control of the house, Democrats in control of the Senate

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

FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2012 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:
http://maxcomm.co
http://calgaryofficespace.com
http://facilitycalgary.com
http://plandflex.com 
http://markmusing.com  

FACILITYCalgary
 published every Tuesday morning

 sponsors of this issue:


http://martens-group.com
e-mail to Sharon Martens
INTERIOR DESIGN

LEASE CALGARY
LEASING SERVICE REGISTRY

PLANDflex CORPORATION
contact PLANDflex
PROJECT MANAGER / P3 CONSULTING

Can we assist you finding office space, or negotiating renewal, expansion or relocation?

TELL US WHAT YOU NEED ↓ ↓

First Name
Last Name
Company Name
City
E-mail Address
Comments

Do you plan to appeal your 2013 Property Tax or Business Tax Assessement?  If you do, start planning early . . . >>>>


 SUBSCRIBE TO FACILITY/CALGARY

Please Join Our Mailing List
» sign up to get FACILITYCALGARY weekly by email
For Email Marketing you can trust


FEEDBACK / COMMENTS
We welcome feedback, suggestions and news items.  Please use this form:
First Name
Last Name
Company Name
City
E-mail Address
Comments
Or, send an e-mail to:  mailto:feedback@facilitycalgary.com

 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary’s $1.5 billion west LRT line re-scheduled to open on its original target date Dec. 10th, on time and $35 million over budget
+ Caisse de dépôt et placement du Québec invested AU$40.5 million in the SU$1.2 billion Victorian Comprehensive Cancer Centre Project in Melbourne, Australia 
+ Confederation Way interchange ($180 million project) in Fort McMurray opened to use, joint provincial/federal government project
+ Airport Trail transformation to major NE corridor by 2039 projected to cost $322 million according to a new city report – multi year options to connect to $294.8 million tunnel under new airport runway
+ Calberat Board of Education and Province supporting a National Sports School facility to support elite athletes, $9 million budget

 QUOTES

 

“Stress is when you wake up screaming and you realize you haven’t fallen asleep yet.” - unknown
 
“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn.” – Alvin Toffler
© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation
FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com