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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allen Brooks to Director @ Savanna Energy Services Corp.

+ Anne Stewart to Consultant @ Fengate Real Asset Investments

+ Bill Downe, CEO @ BMO Financial Group, retiring

+ Bruce Pachkowsky to Director @ Savanna Energy Services Corp.

+ Craig MacCubbin to Exec. VP & CIO @ WestJet

+ Daniel Halyk to Director @ Savanna Energy Services Corp.

+ Darcy Draudson to Director @ Savanna Energy Services Corp.

+ David Richardson, Chairman @ Air Canada, retiring

+ Dr. Chris Eagle to Pres. & CEO @ Calgary Health Trust

+ George Chow to Director @ Savanna Energy Services Corp.

+ Chen Jianzhong, Director @ Sunshine Oilsands Ltd., resigned

+ Darryl White to CEO designee @ BMO Financial Group

+ Greg Melchin to Director @ Savanna Energy Services Corp.

+ Hans Jacob Holden to Director @ Questerre Energy Corporation

+ Ian Dalton, VP Mortgages, Alberta @ Great-West Life, retired

+ Liu Linna to Non-Executive Director @ Sunshine Oilsands Ltd.

+ Lyle Whitmarsh to Director @ Savanna Energy Services Corp.

+ Michael Conway, Pres. & CEO @ Financial Executives International, retiring

+ Michelle Scarborough to Managing Dir. Strategic Investments and Women in Tech @ BDC Capital

+ Nick Petruccelli to Exec. Dir. Bus. Dev. @ CIBC Mellon

+ Nicolai Salcedo to Sr. VP Information Technology @ Mattamy Homes Limited

+ Rebecca Bowman to Director, Advancement Services & Annual Giving @ Mount Royal University

+ Roland Lescure, Chief Investment Officer @ Caisse de dépôt et placement du Québec, resigned

+ Stan Smith to Director @ Savanna Energy Services Corp.

+ Stephen Wind, Director @ Second Cup Ltd., resigned

+ Travis Doupe to VP Finance & CFO @ Oronova Energy Incorporated

+ Vagn Sørensen to Chairman @ Air Canada

+ Vijay Viswanathan to Manager Canadian Equity @ Mawer Investment Management Ltd.


 sponsors of this week's issue:

[please send us your appointment notices  kolke@facilitycalgary.com]




IN MEMORIUM
SHAKERS AND MOVERS who left us 

+ Peter Savaryn, former Chancellor @ University of Alberta, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Grant Thornton published its 2017 Service and Supply Outlook Report – Delivering Change – Aligning with a new normal ; based on more than 350 oil & gas service & supply industry respondents




 QUOTES

+ The meeting of two personalities is like the contact of two chemical substances: if there is any reaction, both are transformed. – Carl Jung

+ The value of something isn’t measured by how much it cost, but rather by how much heart you put into it. – Orly Wahba




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ Brent – North Sea crude benchmark price

+ CapEx – capital expenditures

+ CAPP - Canadian Association of Petroleum Producers

+ cap rate – capitalization rate

+ CBD – Central Business District

+ CCAA – Companies’ Creditors Arrangement Act

+ CCS – Carbon Capture and Storage

+ CEAA – Canadian Environmental Assessment Agency

+ Chapter 11 – court ordered creditor protection under U.S. bankruptcy law

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CPPIB – Canada Pension Plan Investment Board

+ CREB - Calgary Real Estate Board

+ DIP – debtor in possession

+ EBITDA – earnings before interest, taxes, depreciation and amortization

+ EIA – U.S. Energy Information Administration

+ E & P – exploration and production

+ FERC – U.S. Federal Energy Regulation Commission

+ Forbearance Agreement – a short term formalized relief arrangement when loan terms are in default

+ FSR – floor space ratio

+ FTC – U.S. Federal Trade Commission

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ GW - gigawatt

+ G&A – general and administrative

+ HOOP – Healthcare of Ontario Pension Plan

+ IEA – International Energy Agency

+ IFMA – International Facility Management Association

+ IPO – Initial Public Offering

+ JV – Joint Venture

+ KV – kilovolt (one thousand volts)

+ KW – kilowatt (one thousand watts)

+ LEED – Leadership in Energy and Environmental Design

+ LNG – Liquefied Natural Gas

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ mezz – mezzanine debt

+ MOU – Memorandum of Understanding

+ MT – metric ton

+ MW – megawatt (1 million watts)

+ NAFTA – North American Free Trade Agreement

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ OPEC – Organization of Petroleum Exporting Countries

+ P3 – Public Private Partnership

+ PADD – U.S. Petroleum Administration for Defense Districts

+ PPA – Power Purchase Agreement

+ PSAC – Petroleum Services Association of Canada

+ RECA – Real Estate Council of Alberta

+ REIT – Real Estate Investment Trust

+ RFI – request for information

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ SAIT – Southern Alberta Institute of Technology

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ TOD – transit oriented development

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – YYC Calgary International Airport




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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Apr. 11, 2017




 TODAY'S HEADLINES


HEADLINES: Brookfield closes pipeline buy | crude prices up! | Raging River selling?? | Waterous Energy Fund takes big stake in Northern Buzzard + Dale Henwood interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Dale Henwood, Pres. & CEO @ Canadian Sports Institute

Last week's conversation with Bill Chomik, Architect, Sr. Principal, VP Infrastructure @ Kasian Architecture

A recent conversation with Rob Mabee, Media Specialist / Project manager and art-preneur / retail merchant

Click here to access the archive: archived conversations with fascinating Calgarians ...



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 sponsors of this week's issue:

e-mail Lance Laliberte - Sales at PREMIERE OFFICE MOVERS
 
OFFICE MOVERS



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 SHAREHOLDER MEETINGS

+ Apr. 12; Cargojet Inc., Annual General and Special Meeting of Shareholders, Toronto

+ Apr. 20; Calgary Airport Authority, Annual General Meeting, Calgary

+ Apr. 20; TransAlta Corporation, Annual Meeting of Shareholders, Calgary

+ Apr. 21; National Bank of Canada, Annual Meeting of Shareholders, Montreal

+ Apr. 25; Canadian National Railway, Annual General Meeting of Shareholders, Regina

+ Apr. 26; TFI International Inc., Annual Meeting of Shareholders, Toronto

+ Apr. 26; The Empire Life Insurance Company, Annual Meeting of Shareholders, Toronto

+ Apr. 28; Capital Power Corporation, Annual Meeting of Shareholders, Edmonton

+ May 2; Agrium Inc., Annual General Meeting of Shareholders, Calgary

+ May 3; Veresen Inc., Annual Meeting of Shareholders, Calgary

+ May 4; Manulife Financial Corporation, Annual Meeting, Toronto

+ May 4; The Manufacturers Life Insurance Company, Annual Meeting, Toronto

+ May 4; TransAlta Renewables Inc., Annual Meeting of Shareholders, Calgary

+ May 9; George Weston Limited, Annual Meeting of Shareholders, Toronto

+ May 9; Gibson Energy Inc., Annual General Meeting, Calgary

+ May 9; Inter Pipeline Ltd. Annual General Meeting of Shareholders, Calgary

+ May 10; Summit Industrial Income REIT, Annual Meeting of Unitholders, Toronto

+ May 12; Emera Inc., Annual Meeting of Shareholders, Halifax

+ May 12; Sleep Country Canada Holdings Inc., Annual General Meeting of Shareholders, Toronto

+ May 17; Bellatrix Exploration Ltd., Annual General Meeting, Calgary

+ May 23; Sienna Senior Living Inc., Annual Meeting of Shareholders, Toronto

+ May 24; CAPREIT, Annual Meeting of Unitholders, Toronto

+ May 31; PRO REIT, Annual Meeting of Unitholders, Halifax


[send your event notices to:  kolke@facilitycalgary.com ]



 this week in REITS 


+ Automotive Properties REIT closed its $23.6 million acquisition of Heritage Honda dealership in Calgary

+ H&R REIT is on the market to raise $150.0 million in sr. unsecured debt

+ Hudson’s Bay Co. indicated it is considering it might takes its real estate assets public in a REIT structure … tic toc

+ NorthWest Healthcare Properties REIT closed $97.8 million equity financing

+ Pure Industrial REIT closed $144.0 million equity financing

+ Pure Industrial REIT closed its $85.3 million acquisition of Cedar Port Distribution Centre in Houston

+ Pure Multi-Family REIT LP closed $92.2 million equity financing

+ RioCan REIT is on the market to raise $300.0 million in sr. unsecured debt




NEWS SUMMARY 
 Apr. 4 ~ 11 


+ Brookfield Infrastructure closed its acquisition of 90% interest in Nova Transportadora do Sudeste SA for $5.2 billion

+ current energy prices – live link to current Bloomberg energy prices; crude bumped up again … Syria and uncertainty about Russian solidarity with OPEC production cutbacks seem to fuel speculators and traders … tic toc

+ Hyduke Energy Services Inc. closed its acquisition of Avalanche Metal Industries Ltd.

+ Leucrotta Exploration Inc. agreed to acquire a portfolio of Montney lands for $36.0 million

+ PMI Resources Ltd. closed its acquisition of Pentanova Energy Corp. in an all-stock transaction

+ Raging River Exploration Inc. is reported to have hired advisors to explore a sale … tic toc

+ rig counts: down 23 this week to 132; check out all markets according to Baker Huhges

+ Waterous Energy Fund acquired 2/3rds of Northern Blizzard Resources for $244.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Cargojet Inc. secured $275.0 million credit facility

+ Cenovus Energy Inc. closed $3.0 billion equity financing

+ H&R REIT is on the market to raise $150.0 million in sr. unsecured debt

+ Hemisphere Energy Corporation is on the market to raise $875,000.0 by private placement of a flow-through share issue

+ Jasper Mining Corporation is on the market to raise $37,000.0 in equity by private placement

+ K-Bro Linen Inc. is on the market to raise $50.0 million in equity

+ Leucrotta Exploration Inc. is on the market to raise $50.0 million in equity

+ NorthWest Healthcare Properties REIT closed $97.8 million equity financing

+ Painted Pony Petroleum Ltd. closed $111.0 million equity financing

+ Pennine Petroleum Corporation is on the market to raise $3.0 million in equity

+ Pure Industrial REIT closed $144.0 million equity financing

+ Pure Multi-Family REIT LP closed $92.2 million equity financing

+ Return Energy Inc. closed $2.1 million equity financing by private placement

+ RioCan REIT is on the market to raise $300.0 million in sr. unsecured debt

+ Solar Alliance Energy Inc. is on the market to raise $5.0 million in equity by private placement

+ Source Energy Services Ltd. is on the market to raise $175.0 million in an IPO




 CORPORATE RESPONSIBILITY REPORTS 


+ Scotiabank published an update to its 2016 Corporate Social Responsibility Report




 NEW TECH + TOOLS TO WATCH 

+ eyeson room ; team meetings any time, anywhere




 SAVE THE DATE / upcoming events


+ Apr. 10-11; North American Crude Oil Summit, Omni Houston Hotel, Houston, TX; info/register

+ Apr. 11; Vancouver Real Estate Forum, Vancouver Convention Centre, Vancouver; info/register

+ Apr. 20; Saskatchewan Real Estate Forum, Queensbury Convention Centre, Regina; info/register

+ Apr. 26; Administrative Professionals Day - everywhere

+ Apr. 27; ICSC Canadian Law Conference, Fairmont Royal York, Toronto; info/register

+ May 2-3; Alberta - U.S> Trade Summit, TELUS Convention Centre, Calgary; info/register

+ May 2-3; Partners In Prevention 2017, The International Centre, Mississauga; info/register

+ May 5; Calgary Economic Development - Report to the Community; REIMAGINE, info/tickets

+ May 8-10; Multiple Pathways to Clean Energy, The Hotel Saskatchewan, Regina; info/register

+ May 11; Edmonton Real Estate Forum, Shaw Conference Centre, Edmonton; info/register

+ June 5; World Environment Day - time to save the planet

+ June 5 - 7; Operational Excellence Conference, BMO Centre, Calgary; info/register

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

+ June 17; Breakfast on the Bridge, Peace Bridge @ 5AM, Calgary, info/tickets - call 403-410-2320 ext. 3591 or visit calgarymfrc.ca

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


[send your event notices to:  kolke@facilitycalgary.com ]



 INFRASTRUCTURE / P3  


+ Infrastructure Ontario and Metrolinx issued an RFP call to three prequalified teams for the Kipling Bus Terminal Project; Bird/Kiewit JV, EllisDon Infrastructure Transit and Kipling Infrastructure Group

+ Innergex Renewable Energy Inc. started commercial operations at its 81.4MW Upper Lillooet River hydro facility; Innergex owns 66.7%, Ledcor Power Group Ltd. owns 33.3%




INTERESTING REAL ESTATE NEWS, other places


+ Brandt Group acquired the Mitsubishi Hitachi Power Systems Canada facility in Saskatoon; 208,000 sq. ft. building on 22 acres

+ Marriott International Inc. closed US$317.0 million sale of Westin Maui at Ka’anapali to Trinity Investments LLC and Oaktree Management LP; 207-key property

+ Intrawest Resort Holdings Inc. agreed to sell Aspen Skiing Co. to KSL Capital Partners for US$1.5 billion




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ heavy snowfall this winter triggered California to lift its drought emergency status; water supply restrictions will be lifted …




 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ June 22; 56th Annual, CSPG Golf Tournament, Elbow Springs Golf Club, Calgary; info/register


[send your Golf Tournament notices to:  kolke@facilitycalgary.com ]



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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