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

+ Bill Simon to Director @ Agrium

+ Bob Petryk to Director @ The Co-operators

+ Craig Hruska to Chairman @ Enercapita Energy Ltd.

+ Hazel Corcoran to Director @ The Co-operators

+ Joanne Ferstman to Director @ Cogeco Communications Inc.

+ Maura Clark to Director @ Agrium

+ Miranda Hubbs to Director @ Agrium

+ to Scotiabank and the Y .. they are investing $180,000 in support of YMCA’s Sports Pad project, along with Calgary Health Trust and Alberta Health Services; watch the video and Scotiabank will kick in $5 for every view!

+ to Kevin Koe’s rink from Calgary – the won the World Men’s Curling Championship

+ The difference between tax avoidance and tax evasion is the thickness of a prison wall. – Denis Healy

+ The secret of getting ahead is getting started. – Mark Twain

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ `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

+ CEAA – Canadian Environmental Assessment Agency

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CPPIB – Canada Pension Plan Investment Board

+ CREB - Calgary Real Estate Board

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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ MW – megawatt (1 million watts)

+ NAFTA – North American Free Trade Agreement

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ 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

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning

updated April 12, 2016

NEWS | CP drops bid for NS | Chinatown plan delayed | CRUDE ⬆ UP | Enerplus asset sale | Keystone flow restart | Marriott wins Starwood | Pembina/Kuwait venture | Whitecap bullish + Wilma Slenders interview | upcoming events, appointments, oilsands/heavy oil + climate change + infrastructure + REIT NEWS + financings + VIEWPOINT guest article by Bruce Graham >>>>

+ Apr. 12; Scotiabank, 184^th Annual and Special Meeting, Calgary

+ Apr. 13; Boulder Energy Ltd., Special Meeting of Shareholders, Calgary

+ Apr. 15; National Bank of Canada, Montreal

+ Apr. 19; Sienna Senior Living Inc., Annual and Special Meeting of Shareholders, Toronto

+ Apr. 19; SharMaran Petroleum Corp., Bondholders Meeting, Oslo, Norway

+ Apr. 21; Calgary Airport Authority, Annual Public Meeting, Calgary

+ Apr. 22; Capital Power Corporation, Annual Meeting of Shareholders, Edmonton

+ Apr. 22; TransAlta Corporation, Annual and Special Meeting of Shareholders, Calgary

+ Apr. 25; Brookfield Canada Office Properties, Annual General Meeting of Unitholders, Toronto

+ Apr. 25; Zaio Corporation, Annual General Meeting of Shareholders, Calgary

+ Apr. 26; BMO Life Assurance Company, Annual Meeting, Toronto

+ Apr. 26; Choice Properties REIT, Annual Meeting of Unitholders, Toronto

+ Apr. 26; CN, Annual General Meeting of Shareholders, Montreal

+ Apr. 28; Empire Life Insurance Company, Annual and Special Meeting, Toronto

+ Apr. 28; GMP Capital Inc., Annual Meeting of Common Shareholders, Toronto

+ Apr. 28; SMART Technologies Inc., Special Shareholders Meeting, Calgary

+ Apr. 28; Superior Plus Corp., Annual Meeting of Shareholders, Toronto

+ May 2; Genesis Land Development Corp., Annual and Special General Meeting, Calgary

+ May 3; Economical Insurance, Annual Meeting, Kitchener

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

+ May 5; Industrial Alliance Insurance, Annual Meeting, Quebec City

+ May 5; Manulife Financial Corporation et al, Annual Meetings, Toronto

+ May 5; Oncolytics Biotech Inc., Annual General Meeting, Toronto

+ May 5; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 6; Enerplus Corporation, Annugal General Meeting, Calgary

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

+ May 11; Summit Industrial Income REIT, Annual Unitholders Meeting, Toronto

+ May 13; Pembina Pipeline Corporation, Annual General Meeting of Shareholders, Calgary

+ May 13; WPT Industrial REIT, Annual and Special Meeting of Unitholders, Toronto

+ May 16; Anderson Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ May 18; Sofame Technologies Inc., Annual General and Shareholder Meeting, Pointe Claire, QB

+ May 19; Crombie REIT, Annual General Meeting, New Glasgow, NS

+ May 25; Partners REIT, Annual and General Meeting of Unitholders, Toronto

+ May 25; CAP REIT Annual Meeting of Unitholders, Toronto

+ June 15; Rock Energy Inc., Special Meeting of Shareholders, Calgary

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+ Alberta land sale on April 6^th netted $6.12 million for GOA

+ Avison Young acquired Linnell Taylor Lipman and Associates Ltd.

+ Baker Hughes takeover by Halliburton hitting regulatory hurdles – may not be approved by U.S. government; word is that GE might be a white knight bidder for Baker Hughes

+ Canadian Pacific dropped its hostile pursuit of a merger with Norfolk Southern; black eye for Hunter Harrison and William Ackman

+ City of Calgary’s consideration of a land-use amendment for Chinatown has been put off till Dec/16 to give time for more consultation – in response to significant protests

+ current energy prices – live link to Bloomberg energy prices; some decline in U.S. supply, Kuwait says Iran isn’t essential to production freeze strategy – crude above US$40/barrel

+ Enerplus Corporation agreed to sell its Pouce Coupe and certain other non-core assets in NW Alberta for $95.5 million

+ FACILITYCalgary – NEW e-mail NEWSLETTER format is coming - next week: new format, a more mobile-device friendly format we hope you enjoy …

+ FACILITYCalgary’s OP-ED page, guest article: ‘Yahoo – Calgary is the most expensive city to do business in Canada’ by Bruce Graham - click VIEWPOINT TAB

+ Formation Fluid Management’s board committee and external advisors are reviewing strategic alternatives to maximize shareholder value

+ CPPIB agreed to acquire 40% interest in Glencore’s Agricultural Unit (Viterra) for US$2.5 billion

+ Hawk Exploration Ltd. engaged advisors in search of ‘value maximizing proposals’

+ IFMA and RICS entered a collaboration arrangement; sounds like the start of a merger to me …

+ Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. each got shareholder approval for Marriott’s C$17.6 billion takeover

+ National Energy Board ordered pipeline companies to publish their Emergency Procedures Manuals online

+ Notley government is replacing AEMERA; will bring environmental monitoring and scientific oversight in-house

+ Painted Pony Petroleum Ltd. announced a reduction in its 2016 CapEx Budget to $179 million, down from $215 million announced earlier

+ Pembina Pipeline Corporation and Kuwait’s Petroleum Industries Company K.S.C. are doing a joint-stuy for a world-scale propane and polypropylene upgrading facility in Alberta (…Fort Saskatchewan, next to Willams propylene project seems an obvious location)

+ SAIT Polytechnic did a name change; now known just as SAIT … again

+ Surge Energy Inc. closed non-core asset (Sunset property) and facilities (Valhalla) sale for $43 million

+ TransCanada Corporation’s Keystone Pipeline leak in South Dakota substantially resolved; line restarted at reduced pressure while remediation of 63,000 litre spill continues

+ TransCanada Corporation won a contract to build a natural gas pipeline in Mexico; US$550 million/420 km 36” diameter pipeline is to supply gas-fired power generation

+ Veresen Inc. made more progress on its Jordan Cove LNG project; signed terms of a deal with ITOCHU Corporation for sale of 1.5 million tonnes/yr. or LNG for initial 20 yr. term; Veresen has filed an appeal of an earlier regulatory ruling on the Jordan Cove project

+ Wall government re-elected in Saskatchewan; third consecutive majority for Brad Wall as Premier

+ Whistler Blackcomb announced its plans for a $345 million long term strategic plan: Whistler Blackcomb Renaissance

+ Whitecap Resources Inc. announced an increase in its 2016 CapEx Budget to $148 million, up from $78 million

+ 3MV Energy Corp. is in default of $6 million in debt; creditor has realized on security. Meanwhile the company is making efforts to resolve problems and find an acquirer

+ 49 North Resources Inc. sold its 50% interest in North Rim Exploration Ltd. for $950,000

+ CyrusOne Inc. added to its portfolio of data centers; acquired 428,000 sq. ft. property in Aurora, Ill. from CME Group for US$130 million, a sale/leaseback transaction

+ Holloway Lodging Corporation acquired the Westmark (180 keys) in Whitehorse, Yukon for $9.8 million

+ Imperial Parking Corporation closed its acquisition of Republic Parking System and Republic Parking Northwest – facilities in more than 100 U.S. cities

+ M-M Properties led consortium acquired 464,000 sq. f.t Class A office campus in Bellevue, Wash. for US$155.3 million

+ Starbucks are opening their largest yet, in Manhattan:  20,000 sq. ft., modelled after its Starbucks Reserve Roastery and Tasting Room in Seattle

+ Whistler Blackcomb announced its plans for a $345 million long term strategic plan: Whistler Blackcomb Renaissance

+ Allied Properties REIT and RioCan REIT announced they will proceed to develop the King-Portland Centre in Toronto; 112,000 sq. ft. GLA mixed use project – office and residential

+ Maplewood International REIT agreed to sell its sole property in the Netherlands for EUR 7,150,000

+ Notley government is replacing AEMERA; will bring environmental monitoring and scientific oversight in-house

+ West Fraser’s new pulp mill in Hinton will recover lignin from the pulping operation using a novel technology, and transform this wood by-product into useful, environmentally friendly bio-products. The $30-million plant – secured a $3 million innovation grant from Alberta Innovates Bio Solutions

+ Notley government is replacing AEMERA; will bring environmental monitoring and scientific oversight in-house

+ B.C.’s Interior Health finalized its contract with EllisDon Infrastructure for a P3 project in Penticton; budget is $312.5 million for a new patient care tower and parking structure @ Penticton Regional Hospital. Construction starts August 2016. The LEED Gold designation is being targeted in a ‘Wood First’ approach in accordance with B.C.’s Wood First Act

+ Fengate Capital Management closed it acquisition of 104MW multi-fuel co-generation plant in Collie, Western Australia; 25 yr. power purchase agreement

+ SNC-Lavalin awarded contract by University of Alberta to decommission its SLOWPOKE research reactor