| NEWS SUMMARY Sept. 20 ~ 27 |
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+ AIMCo announced it made 4 investments on behalf of the Heritage Fund this year; $45.9 million with TransAlta Renewables, $6.5 million and $39.9 million with Calfrac Well Serivces and $6.1 million with Pine Cliff Energy – as disclosed by the Minister of Economic Development and Trade Deron Bilous in his report
+ AP Moller-Maersk is splitting its container shipping (shipping, terminal and container businesses) from its energy operations in reaction to declining oil prices and freight rates; management shakeup too … + Blackbird Energy Inc. got approval for its acquisition of interest in Stage Completions + BOMA Calgary announced they will relocate offices to downtown Calgary; new location in the Beltline will open in March/2017 + Brookfield Infrastructure’s consortium agreed to acquire Nova Transportadora do Sudeste SA natural gas transmission utility in Brazil for US$5.2 billion + current energy prices – live link to current Bloomberg energy prices; prices ticking upward 3% yesterday from a soft week, absence of OPEC consenuse (members are meeting in Algeria this week); Saudis reported willing to cut, but only if Iran does. Meanwhile Libya resuming oil shipments; Saudis see demand steady and supply slowing but it seems to me trading bumps are based on hopes more than facts until OPEC starts turning back the tap. Word that Algeria and others are talking ‘back to Jan/16 levels’ has encourage/emboldened traders … tic toc + Deloitte has the answers: they contend a lack of courage in business is contributing to Canada’s sluggish economy [they should walk a day in Calgarian shoes with a resume or business plan in their briefcase – they’ll quickly get a lesson in courage]; no doubt authored in an ivory tower somewhere near middle-earth … err ah …I mean Toronto; they call it ‘the future belongs to the bold’ ; I’m guessing Deloitte’s competitors are salivating at their display of hubris + Inter Pipeline Ltd. closed its $1.35 billion acquisition of midstream businesses of Williams Canada + MacLab Enterprises is dividing itself along asset types and partnering families – MacTaggart and de la Bruyere future plans; Bruce Bentley will chair boards of both new companies: Maclab Development Group and Maclab Properties Group + Maxim Power Corp. settled a dispute with FERC; no admission of responsibility, but US$8.0 million in payments over 3 years + rig counts: U.S. up for 12th week of 13 – to 418 last week vs. 418 a year ago; Canadian count up as well, to 176 a year ago, and 429 two years ago + Suncor Energy, in a cost cutting move, is discontinuing its oil sands staff shuttle air operations and wish shelve or sell its fleet; they’ve struck a 100-flights a week deal with WestJet + TransCanada Corporation bid US$848 million to buy all shares of Columbia Pipeline Partners LP it does not already own + U.S. 2016 election watch: Hilary Clinton and Donald Trump debated last night … tic toc |
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THIS WEEK IN FINANCINGS
– proposed & closed
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| + Acceleware Ltd. is on the market to raise $2.0 million by a common share & warrants issue + Air Canada is on the market to raise $1.25 billion in debt + Bayshore Petroleum Corp. closed $300,000 equity financing + Canexus Corporaiton closed $110 million equity financing + Canaccord Genuity Group Inc. is on the market to raise $60 million in sr. sub. debt + Capital Power is on the market to raise $200 million by a preferred share issue + Cominar REIT closed $192 million equity raise + Cordy Oilfield Services Inc. is on the market to raise $1.25 million by a rights offering + Encana Corporation closed US$1.0 billion equity financing + Front Range Resources Ltd. closed $22 million in equity financings + Marriott International Inc. closed its US$13 billion takeover of Starwood Hotels & Resorts Worldwide + Perisson Petroleum Corporation is on the market to raise US$2.0 million + Point Loma Resources Ltd. is on that market to raise $1.7 million in equity + PRO REIT is on the market to raise $25 million in equity + Zaio Corporation closed $1.5 million tranche of a debt financing Click Here for the FULL FACILITYCalgary Newsletter (Updated every Tuesday) |
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