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FACILITYCalgary June28/22

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SHAKERS AND MOVERS

 

+ Bonnie DuPont to Interim Chair @ University of Calgary Board of Governors
+ David Smith, Pres. & COO @ Keyera Corp. adding CFO role following resignation of Dean Setoguchi
+ Dennis Sykora to Acting CFO @ High Arctic Energy Services Inc., replacing Robert Morin who left the company
+ Don Battenfelder to Pres., Canadian Operations @ NCC Oilfield Services
+ Doug Black, Chairman @ University of Calgary Board of Governors, resigned, paid back inappropriate expenese
+ Geoff Steele to VP Engineering & Dev. @ Raise Production Inc.
+ Gord McFarlane to Regional Managing Partner @ Grant Thornton
+ Hope Henderson to VP University Advancement @ Mount Royal University
+ John Barrett to Manufacturing Mgr. @ Raise Production Inc.
+ Kara Claypool to COO & CFO @ vintage Group
+ Ken Poskey to CFO @ Allied Energy Inc.
+ Mark Gordon to Pres. & CEO @ Mutual Fund Dealers Association of Canada, replacing Larry Waite who retired
+ O’Neil Outar to VP Advancement @ University of Alberta
+ Richards Jensen to Exec. VP Operations @ Plains Midstream Canada
+ Terrance Kutryk to Pres. & CEO @ Alliance Pipeline Ltd. & Alliance Pipeline Inc.
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ Oct. 24th; 14th Annual Calgary Real Estate Forum info/register
+ Oct. 25 & 26; CI Energy Group 2nd Annual Oil & Gas Safety Symposium, Fairmont Palliser, Calgary info/register
+ Nov. 1; Vancouver Leasing Conference, Vancouver Convention Centre West, info/register
+ Nov. 6 & 7; BUILDEX Calgary, BMO Centre, Stampede Park, Calgary info/register
+ Nov. 26 & 27; 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
+ 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 ]




 SAVE THE DATE / corporate meetings

+ Oct. 25; Thermal Energy International Inc., Annual and Special Meeting of Shareholders, Ottawa

send us your firm’s AGM notices to:  kolke@facilitycalgary.com 



 INFRASTRUCTURE / P3 / GREEN


+ west LRT line set to open in December – testing continues on $1.5 billion line, target date for opening is Dec. 10, depending on turn-over to Calgary Transit by the SNC-Lavalin led contractor consortium

+ Alberta Transportation Minister Ric McIver fuelling interest in Edmonton-Calgary bullet train project while speculating it might be a P3 or industry-only funded project; project cost estimates vary widely from $2.4 billion to $5 billion



 QUOTES

“The quest for certainty blocks the search for meaning. Uncertainty is the very condition to impel man to unfold his powers.” – Erich Fromm

“You are imperfect and you are wired for struggle; but you are worthy of love and belonging.” –  Brené Brown



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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FRESH ITEMS TODAY 
 October 9 / 2012 


 

+ BP agreed to sell its trouble plagued Texas City, Texas refinery and other assets to Marathon Petroleum for $2.5 billion transaction and earn-out package (78 yr. old facility processes 475,000 barrels/day)
+ concerns continue about health of Alberta beef industry, viability of shuttered XL Foods and safety of the food supply; bizarre XL secretively and silently silent, not admitting responsibility and accountability for e.Coli contamination, illness and deaths – largest food recall in Canadian history
+ current energy prices: live link to Bloomberg.com commodities data ; crude down over a volatile week
+ Enbridge Inc’s Northern Gateway Pipeline Project final hearings start today in Prince George
+ financial markets closed yesterday – Columbus Day holiday in U.S., Thanksgiving in Canada
+ investors worldwide watching nervously – economy remains troubled, stock market volatile, bond market fraught with risk, natural gas still in the tank, oil price flusterbated – where to put your dough is complicated by Europe debt/nasty recession woes, problems are growing in China and the rest of Asia, emerging markets as vulnerable as ever, so why Calgary, why now? .. and why oil & gas, why now? …. too many questions in search of clear answers . . . stay tuned
+ World Bank cut its growth forecast for China



 NEWS REVIEW 
 Oct. 3 - 8


 

+ Argent Energy Trust signed a deal to acquire $132.5 million producing properties in Texas and Oklahoma
+ Athabasca Oil Corporation got regulatory approval of Hangingstone Oil Sands Project 1, project to start 12,000/barrel/day production by 2nd half of 2014
+ Athabasca Oil Corporation firming up partnership for development of Hangingstone and Birch oilsands projects; widely rumoured to be Kuwait Petroleum Corp.
+ Baytex Energy Copr. Agreed to acquire oilsands leases with an approved thermal project from Koch Oil Sands Operating ULC for $120 million
+ Calgary Chamber of Commerce moving to Burns Building across from City Hall
+ Calgary parking rates reported highest in Canada, 2nd highest in North America
+ Canada Diagnostic Centres acquired 9 clinics from CML HealthCare Inc. for $17 million
+ Chinan Huanqui Contracting & Engineering Corp. acquired 2/3rds interest in Jim Novak’s Spec Engineering; new firm to operate as HQ Spec Engineering Inc.
+ ConnocoPhilips is exiting Peru exploration blocks, transferring its 45% interest to Gran Tierra Energy Peru SRL
+ Dundee REIT completed its transaction, vendor of 77 industrial properties to Dundee Industrial REIT for $575.9 million
+ Cumulative Environmental Management Association (CEMA) provided its 434 page End Pit Lakes Guidance Document to the Government of Alberta
+ Fiera Capital Corporation acquired Canadian Wealth Management Group Inc.
+ Imperial Oil spending $100 million on tests of new technology for in-situ bitumen extraction by use of solvents to thin bitumen as alternative to SAGD
+ Jack Mintz research paper on royalties and taxes released by University of Calgary School of Public Policy
+ KEYreit closed a $16.07 million portfolio acquisition from Dundee REIT
+ Oilsands Quest Inc. $10 million asset sale to Cenovus Energy Inc. got court approval; Oilsands Quest continues to operate under court supervised creditor protection
+ Petromanas Energy Inc. agreed to acquired Gallic Energy Ltd.
+ Proventure Income Fund changed its name to Summit Industrial Income REIT
+ Ridgeline Energy Services Inc. closed its acquisition of Piedmont Technical Services Inc.
+ U.S. presidential race tightens following Romney wiping the floor with Obama in first of 3 head-to-head debates while Obama remains strong in swing states . . .
+ Summit Industrial Income REIT closed $50.1 million portfolio purchase
+ U.S. election cycle winding down in tight race for presidency and both houses of congress – inept/avoidance of financial crisis looming at deficit/debt levels remain high, inflating their way out of trouble appears the only option, as deadlines inch toward a cliff and lame-duck congress . . . stay tuned!
+ U.S. jobs numbers released show better than expected results, though criticism about accuracy and significance of them is in silly-season abundance
+ work a little longer, save a little more, get by with a little less . . . according to PIMCO



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FINANCINGS - proposed & closed

 

+ Canbriam Energy Inc. closed $150 million equity financing
+ Emerald Bay Energy Inc. is on the market to raise $1.2 million in equity
+ Genoil Inc. closed $1,061,000 new equity financing
+ Medwell Capital Corp. closed $4,351,400 equity financing
+ Paramount Resources Ltd. closed $70,037,400 flow through equity issue
+ Petrowest Corporation is on the market to raise $7.5 million in new equity
+ TriOil Resources Ltd. closed $20,004,750 equity issue
+ TriOil Resources Ltd. closed $8,751,864 flow-through share financing
+ Underground Energy Corp. closed $612,430 convertible debt financing
+ Valparaiso Energy Inc. closed $240,000 equity financing and $473,435 shares-for-debt placement



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