Real estate is a popular asset class for investors right now, especially unsophisticated investors who are sitting on a lot of cash. We discuss recent trends in retail, multifamily (residential real estate rented out for commercial purposes) and hotels and some of the drivers behind why they are moving in
Real estate is very important relative to the size of the Canadian economy, in no small part due to longstanding robust foreign investment in a country perceived to be politically stable with strong legal frameworks and the country’s low population density. Real estate is an especially attractive vehicle to park
This article was written by an oil and gas analyst at a Bulge Bracket investment bank. An Introduction: Alberta Deep Basin The Deep Basin, one of Canada’s premier natural gas plays, produces ~3.2-3.3 billion cubic feet per day (bcf/d) of gas and is cost competitive with premier US gas basins such as
PetroChina Canada PetroChina Canada opened its doors in 2010 as Dover Operating Corporation, a joint venture between PetroChina and Athabasca Oil Corporation. Dover was focused on two oilsands operations in the region of Fort McMurray, Alberta. After amalgamating with Phoenix Energy Holdings, the company now holds a portfolio of six assets in
Investment banking meal allowance is the daily stipend that the junior staff receive for food for days where they have to work past a certain hour (which is often). Also, after a certain time later than the meal allowance checkpoint, bankers are allowed to expense reasonable transportation home. Previously, investment
Top Weekly TSX Gainers (Week of September 15, 2017) Empire Company Ltd (TSX:EMPa, Chg:24.3%) Industry: Consumer & Retail EMP.A has consistently underperformed the Canadian grocer comp since the messy $5.8bn takeover of Safeway Canada. Sobey’s SAP software led to technical integration hurdles and frustrated employees. Logistic problems led to many out-of-stock products and
Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Polaris Materials Corporation (TSX:PLS) Industry: Basic Materials - Construction Materials Acquirer: Unknown US Buyer Target: Polaris Materials Corporation Size: $301 million Consideration: 100% Cash Source of Funds: Not Disclosed Sell Side Advisors: Canaccord Genuity Corp.
Top TSX Weekly Gainers (Week of September 8, 2017) Centerra Gold Inc (TSX:CG, Chg:17.2%) Industry: Metals & Mining - Gold The political tension between the Kyrgyzstan government and CG, the majority-owner and operator of the largest gold mine (Kumtor) in Kyrgyz Republic, has been high. For more than two years, CG and the