Canada Pension Plan Investment Board to invest $1 billion for energy infrastructure in Western Canada by the Canadian Press, September 30, 2015, The Province
TORONTO – Canada’s largest pension fund manager is committing $1 billion for energy infrastructure acquisitions in Western Canada, in partnership with a private Calgary-based firm with expertise in the sector.
Canada Pension Plan Investment Board said Wednesday it will provide the funding for mid-stream acquisitions that will be identified and evaluated by Wolf Infrastructure Inc.
Their focus will be on processing facilities, gathering systems, pipelines, storage facilities and terminals used by oil, gas and liquids producers — collectively considered to be “midstream” infrastructure.
“As a long-term investor, we see midstream as an attractive sector given the significant investment required in Western Canada to support growth in natural gas and natural gas liquids production in new areas,” said Avik Dey, CPPIB’s managing director for natural resources.
“We are excited to work with Wolf management, who are highly experienced operators in the midstream sector with a proven track record.”
CPPIB manages about $268.6 billion of assets as of June 30 on behalf of the Canada Pension Plan’s 18 million contributors and beneficiaries.
Wolf’s management team includes Gord Salahor, who is chief executive, as well as Bob Pritchard, David Schmunk, Ken Temple and Warren Peers. The team’s previous experience includes Mistral Energy and Taylor NLG Limited Partnership.
[Do you smell rotting fish?
March 18, 2015: Wolf Infrastructure Inc. is suddenly incorporated.
Wolf Infrastructure Inc. on Facebook, as of October 1, 2015, is an empty page.
Gordon Salahor
VP Commercial at Mistral Energy
Calgary, Alberta, CanadaOil & Energy
Current: Wolf Infrastructure Inc.
Experience
CEO
Wolf Infrastructure Inc.
January 2010 – Present (5 years 10 months) [TYPO OR LIE to make it appear as though Wolf Infrastructure Inc. has been around for 5 years?]
Warren Peers
Chief Financial Officer at Wolf Infrastructure Inc.
Calgary, Canada Area Oil & Energy
Current
Wolf Infrastructure Inc., Mistral Energy Inc.
Previous
Sea NG Corporation
Education
Bachelor of Commerce, CMA
Experience
Chief Financial Officer
Wolf Infrastructure Inc.
May 2015 – Present (6 months)Calgary, Canada Area
Bob Pritchard
President at Wolf Infrastructure Inc.
Calgary, Canada AreaOil & Energy
Current
Wolf Infrastructure Inc., Mistral Energy Inc.
Previous
Vantage Pipeline Canada ULC, Vantage Pipeline US LP, Mistral Midstream Inc.
Education
Queen’s University
89
connections
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Experience
President
Wolf Infrastructure Inc.
May 2015 – Present (6 months)
snaps taken October 12, 2015
Why is CPPIB investing in the flailing oil patch, as it fast destroys itself with greed, frac contamination, blow outs, poisoning innocent families and law violations?
Canadian Pension Fund to Partner With Wolf Infrastructure on Energy Investments
CPPIB, Wolf to focus on midstream energy-infrastructure with C$1 billion investment target by Judy McKinnon, September 30, 2015, Wall Street Journal
Canada Pension Plan Investment Board and Wolf Infrastructure Inc. on Wednesday said they would partner on midstream energy-infrastructure opportunities in Canada’s oil patch, setting an initial investment target of more than 1 billion Canadian dollars ($745 million).
CPPIB, Canada’s biggest pension fund, will be responsible for funding any acquisitions and development opportunities, while Wolf will focus on identifying infrastructure assets related to natural gas, oil and natural-gas liquids production. Those could include processing facilities and gathering systems, pipelines, storage facilities and [LNG??] terminals, CPPIB and Wolf said in a joint statement.
Wolf Infrastructure, a private Calgary, Alberta-based company, is led by the former management team of Mistral Energy Inc., which built the Vantage pipeline system running between Alberta and North Dakota. Pembina Pipeline Corp. purchased the Vantage system and other Mistral assets last year for $650 million.
Canada’s energy patch has been hard hit by the fallout of low oil prices, leading many producers to pare back spending and cut staff. But CPPIB said the arrangement with Wolf is in line with its investment objectives. [Investing in unlawful, harmful, polluting madness?]
CPPIB, with assets under management of about C$269 billion, focuses on steady returns over the long term to help fund its pension liabilities. [Or under Harper’s last legs, steal from Canadians to give to corrupt, unconventional, abusive, polluting companies to feed Harper’s Canada destroying agreement with China?]
“As a long-term investor, we see midstream as an attractive sector given the significant investment required in Western Canada to support growth in natural gas and natural gas liquids production in new areas,” said Avik Dey, CPPIB’s managing director, head of natural resources, in the statement. [Emphasis added]
WOLF INFRASTRUCTURE AND CANADA PENSION PLAN INVESTMENT BOARD SIGN AGREEMENT TO ESTABLISH MIDSTREAM ENERGY INFRASTRUCTURE VEHICLE IN WESTERN CANADA Press Release by CPPIB, September 30, 2015
Wolf Infrastructure Inc. (Wolf) and Canada Pension Plan Investment Board (CPPIB) announced today that they have signed an agreement to establish a midstream energy infrastructure vehicle focused on opportunities in Western Canada. As part of the agreement, Wolf will identify and evaluate opportunities for the vehicle to acquire, expand and develop midstream assets supporting natural gas, oil and natural gas liquids (NGLs) production, including processing facilities and gathering systems, pipelines, hydrocarbon storage and terminals. CPPIB will provide funding for such future acquisitions and development of midstream opportunities, which will be operated and managed by the Wolf management team. The vehicle’s goal is to initially invest more than $1 billion in the sector.