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Rogers doubles financial award for Writers’ Trust Fiction prize + MORE Sep 26th
(iStock)
This morning the Writers’ Trust of Canada and Rogers Communications announced that the telecommunications and media giant was doubling its annual financial commitment to the Rogers Writers’ Trust Fiction Prize, one of the country’s three major national literary awards. This year’s w.... More »
Global shares mixed amid concern over US-Canada trade Sep 3rd
European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday..... More »
Why the Choice-CREIT deal is likely to be a long-term winner for investors + MORE Mar 14th
Here’s why I’ll happily exchange the Canadian Real Estate Investment Trust units in my model portfolio for units of a bigger and better Choice Properties REIT
.... More »
Why you should learn to love sell-offs + MORE May 26th
It drives me crazy. Whenever we go through a down draft in the stock market, like the one we had at the beginning of this year, investors are universally scared and discouraged. Their mood is inextricably linked to their paper losses and the doom and gloom they’re reading about in the media.
I ce.... More »
The End: Betiana Namambwe Mubili, 1988-2017 + MORE Oct 18th
Betiana Mubili.
Betiana Namambwe Mubili, whom everyone called Betty, was born on April 14, 1988, in Kitwe, Zambia. Her father, Viktor, left for England on a two-year engineering scholarship shortly after. While he was gone, her 17-year-old mother, Betsy, married another man.
Betty could be a feisty,.... More »
Encana to sell Colorado oil-gas assets for US$900 million to CPP-led group – CTV News
– news.google.ca
CTV NewsEncana to sell Colorado oil-gas assets for US$900 million to CPP-led groupCTV NewsCALGARY — Encana Corp. (TSX:ECA) has agreed to sell some formerly prized oil and gas assets in Colorado for about US$900 million cash to a partnership headed by Canada Pension Plan Investment Board. The deal includes 51,000 acres of land (200 …Encana Reaches Agreement to Sell Its DJ Basin Assets for US$900 MillionStockhouseEncana sells Colorado property to CPPIB-led group for $900-millionThe Globe and MailEncana Corp to sell its Denver Julesberg basin assets for $900 millionFinancial Postall 17 news articles »
Encana sells Colorado property to CPPIB-led group for $900-million
– theglobeandmail.com
Canada Pension Plan Investment Board will hold 95 per cent of a new concern, and The Broe Group the remaining 5 per cent
Encana to sell Colorado oil-gas assets for US$900 million to CPP-led group
– canadianbusiness.com
CALGARY – Encana Corp. (TSX:ECA) has agreed to sell some formerly prized oil and gas assets in Colorado for about US$900 million cash to a partnership headed by Canada Pension Plan Investment Board.
The deal includes 51,000 acres of land (200 square kilometres) in northeastern Colorado in the Denver Julesburg Basin.
The lands produce a combination of natural gas, crude oil and other liquids and has reserves estimated at the equivalent of 96.8 million barrels of oil.
CPP Investment Board, which manages funds for the Canada Pension Plan, will own 95 per cent of the DJ Basin assets and the Denver-based Broe Group will own five per cent.
Calgary-based Encana has been selling off non-core assets in the face of persistently low oil and gas prices. The company’s strategy is to focus on four producing areas, two in Western Canada and two in Texas.
Encana says that the sale of the Colorado assets will increase the total cash it has raised from various divestitures in 2015 to about US$2…
The deal includes 51,000 acres of land (200 square kilometres) in northeastern Colorado in the Denver Julesburg Basin.
The lands produce a combination of natural gas, crude oil and other liquids and has reserves estimated at the equivalent of 96.8 million barrels of oil.
CPP Investment Board, which manages funds for the Canada Pension Plan, will own 95 per cent of the DJ Basin assets and the Denver-based Broe Group will own five per cent.
Calgary-based Encana has been selling off non-core assets in the face of persistently low oil and gas prices. The company’s strategy is to focus on four producing areas, two in Western Canada and two in Texas.
Encana says that the sale of the Colorado assets will increase the total cash it has raised from various divestitures in 2015 to about US$2…
CPI Card Group IPO fails to price
– theglobeandmail.com
CPI not expected to trade Thursday as planned
BioMed Realty Trust selling to Blackstone Real Estate for $8 billion
– canadianbusiness.com
NEW YORK, N.Y. – Blackstone Real Estate Partners is buying BioMed Realty Trust Inc. in an all-cash deal valued at $8 billion.
The deal, for $23.75 per share, marks a 10 per cent premium to BioMed’s closing price on Wednesday.
San Diego’s BioMed, which owns properties in the drug development and life sciences industries, said Thursday that its board of directors approved the deal. The companies expect to close the acquisition in the first quarter of next year.
BioMed CEO Alan D. Gold said demand is outpacing supply for real estate to support a growing life sciences industry and that the sale helps maximize the company’s value. Blackstone was drawn to BioMed because of the company’s holdings in key life sciences markets like Boston, San Francisco and Seattle.
“We believe in the long-term fundamentals of this sector, particularly in locations with top-tier educational and research institutions,” said Nadeem Meghji, co-head of U.S. real estate acquisitions for Blackstone…
The deal, for $23.75 per share, marks a 10 per cent premium to BioMed’s closing price on Wednesday.
San Diego’s BioMed, which owns properties in the drug development and life sciences industries, said Thursday that its board of directors approved the deal. The companies expect to close the acquisition in the first quarter of next year.
BioMed CEO Alan D. Gold said demand is outpacing supply for real estate to support a growing life sciences industry and that the sale helps maximize the company’s value. Blackstone was drawn to BioMed because of the company’s holdings in key life sciences markets like Boston, San Francisco and Seattle.
“We believe in the long-term fundamentals of this sector, particularly in locations with top-tier educational and research institutions,” said Nadeem Meghji, co-head of U.S. real estate acquisitions for Blackstone…
