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news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary May 6/25

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CONVERSATIONS

A recent conversation with Laura Newcombe, Director Property Management, Calgary @ GWLRA

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alessandra Galloni to Editor-in-chief @ Reuters

+ Andrew McCann to Chief Technology Officer @ Matri Health Technologies Corp.

+ Ari Berger to CTO @ Hillcrest Petroleum Ltd.

+ Aslam Kassam to Project Director @ Lemay

+ Barry Murphy to VP, Western Canada @ King Scaffolding Inc.

+ Bernice Yip to CFO @ Madison Pacific Properties

+ Brian Newmarch to VP, Sustainability @ ARC Resources Ltd.
+ Christina Iacoucci to Chief Investment Officer, Canada @ BentallGreenOak

+ Chui Wong to Interim CEO @ Lite Access Technologies Inc.

+ Dan Abbott to Construction Mgr. @ Parsons Corporation

+ Daniel Drimmer, Pres. & CEO @ True North Commercial REIT, stepping down

+ Darlene Crowell to Interim VP External Relations @ NAIT

+ François Duquette to VP, Chief Legal Officer and Corp. Secretary @ Lion Electric Co.

+ Glen Nevokshonoff to COO @ Distinction Energy Corp.

+ Ian McKinnon to Director @ Sylogist Ltd.

+ Jakub Brogowski to CFO @ Distinction Energy Corp.

+ Jeff Landmann to Partner @ Norton Rose Fulbright

+ Jerry Miller to Sr. VP, Commercial @ HollyFrontier

+ John Farlinger to Director @ Lite Access Technologies Inc.

+ John Kim, CFO @ Cargojet Inc., retired

+ Ken Gray to Pres. & CEO @ Petrus Resources Ltd.

+ Leslie Viner to CEO & Trustee @ True North Commercial REIT

+ Linda Han to Interim CFO @ Lite Access Technologies Inc.

+ Lisa Russell, Sr. VP, Corp. Dev. @ Boardwalk REIT, retiring

+ Lucas Wickwire to Lead Account Mgr., Calgary @ Hays

+ Madhu Ranganathan to Director @ Bank of Montreal

+ Marc Speichert to Exec. VP & Chief Commercial Officer @ Four Seasons Hotels and Resorts

+ Marcus Archer to Corporate Secretary @ Distinction Energy Corp.

+ Martin Leci to Sr. Litigation Associate @ BLG

+ Mary Lou Maher to Director @ CIBC

+ Matthew Hamel to Sr. VP, Complex Risk Solutions Group, Canada @ NFP.ca

+ Mike Watters to Corporate Account Mgr. @ Avenge Energy Services Inc.

+ Murray Hinz to Director @ Stampede Drilling Inc.

+ Neil Korchinski, Director, Pres. & CEO @ Petrus Resources Ltd., resigned

+ Patrick Carlson to Pres. & CEO @ Distinction Energy Corp.

+ Paula Kaner to Exec. VP and Chief Risk Officer @ Wellington-Altus Holdings Inc.

+ Richard Wait to Exec. VP & CFO @ Reitmans Canada Ltd.

+ Sarah Walker to CFO @ Northview Canadian High Yield Residential Fund

+ Stephen Dent to Director @ Bank of Montreal

+ Timothy Schneider, Pres. & CEO @ Distinction Energy Corp., resigned

+ Tracy Sherren to Pres. @ True North Commercial REIT

~

Note: links in this section are to LinkedIn profiles where available, and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ cost/benefit approach to returning to the workplace

+ Heidrick & Struggles closed their acquisition of Business Talent Group

+ pandemic lessons learned

+ substance abuse grows




 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply

[please send your community board notices to  kolke@facilitycalgary.com ]




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



 SHAREHOLDER MEETINGS

+ Apr. 12; Revive Therapeutics Ltd., Annual and Special Meeting, virtual-only [ADJOURNED to a future date]

+ Apr. 13; Scotiabank, Annual Meeting of Shareholders, virtual-only

+ Apr. 14; Colliers International Group Inc., Annual General and Special Meeting, virtual-only

+ Apr. 20; Africa Oil Corp., Annual General and Special Meeting of Shareholders

+ Apr. 21; United Way of Calgary and Area, Annual General Meeting, virtual-only

+ Apr. 21; VersaBank, Annual & Special Meeting of Shareholders, virtual-only

+ Apr. 22; BMO Life Assurance Company, Annual Meeting of the Shareholder and Participating Policy Holders, virtual-only

+ Apr. 22; Calgary Real Estate Board, Annual General Meeting, virtual-only

+ Apr. 23; National Bank of Canada, Annual Meeting of the Holders of Common Shares, virtual-only

+ Apr. 29; Canfor Pulp Products Inc., Annual General Meeting, virtual-only

+ Apr. 29; Empire Life, Annual Meeting of Shareholders and Participating Policyholders, virtual-only

+ Apr. 29; Pason Systems Inc., Annual General and Special Meeting of Shareholders, virtual-only

+ Apr. 29; Yangarra Resources Ltd, Annual General Meeting of Shareholders, Calgary

+ Apr. 30; AltaGas Ltd., Annual Meeting of Shareholders, virtual-only

+ Apr. 30; Marwest Apartment REIT, Annual General and Special Meeting of Unitholders, virtual-only

+ Apr. 30; Osum Oil Sands Corp., Special Meeting of Shareholders, Calgary

+ May 4; The Equitable Life Insurance Company of Canada, Annual Meeting, virtual-only

+ May 4; TransAlta Corporation, Annual and Special Meeting of Shareholders, virtual-only

+ May 5; Boralex Inc., Annual Meeting of Shareholder, virtual-only

+ May 5; Maple Leaf Foods Inc., Annual Meeting of Shareholders, virtual-only

+ May 5; Sun Life Financial Inc., Annual Meetings of Shareholders and Policy Holders, virtual-only

+ May 6; Canada Life Assurance Company, Annual Meeting of Shareholders and Policyholders, virtual-only

+ May 6; Crombie REIT, Annual General and Special Meeting of Unitholders, virtual-only

+ May 6; iA Financial Group, Annual Meeting of Shareholder and Participating Policy Holders, virtual-only

+ May 6; Trez Capital Senior Mortgage Investment Corporation, Annual and Special Meeting of Shareholders

+ May 6; Western Forest Products Inc., Annual and Special Meeting, virtual-only

+ May 7; Ensign Energy Services Inc., Annual General and Special Shareholder Meeting, virtual-only

+ May 7; Pembina Pipeline Corporation, Annual Meeting of Common Shareholders, virtual-only

+ May 11; Bird Construction Inc., Annual General Meeting of Shareholders, virtual-only

+ May; Innergex Renewable Energy Inc., Annual General Meeting, virtual-only

+ May 11; Keyera Corp., Annual Meeting of Shareholders, virtual-only

+ May 13; Precision Drilling Corporation, Annual Meeting of Shareholders, virtual-only

+ May 14; Genesis Land Development Corp., Annual General Meeting, virtual-only

+ May 21; Resolute Forest Products Inc., Annual Meeting of Stockholders, virtual-only

+ May 27; Jamieson Wellness Inc., Annual and Special Meeting of Shareholders, virtual-only

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 QUOTES 

+ Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself. - Rumi

+ I have 6 locks on my door all in a row. When I go out, I lock every other one. I figure no matter how long somebody stands there picking locks, they are always locking 3 – Elayne Boosler




  CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+ CPP Investments  (CPPIB) created a new entity, Sustainable Energy Group with a focus on renewables

+ Expander Energy Inc. and Vanderwell Contractors got approval for their Slave Lake Biomass/Gas-t0-Liquids proposed project

+ E3 Metals got a $1.8 million Alberta Innovates grant to develop a pilot plant for lithium extraction

+ Questerre Energy Corporation and ZEG Power AS teaming up to develop a blue hydrogen project in Quebec




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID-19 cases | Air Canada bailout | Anthem/Ronmor JV | CBE/K-6 curriculum | Enerplus buy in Williston | Nenshi won’t run again | Tamarack acquisition + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes




 Sponsors of this week's issue:

Visit: Levvel.ca
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E-mail: connect@levvel.ca
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OUR SERVICES



Visit: https://falkbuilt.com/
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E-mail: thom.hinton@falkbuilt.com
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DIGITAL COMPONENT CONSTRUCTION



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult
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Visit: https://www.moodystax.com
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E-mail: kmoody@moodystax.com
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OUR SERVICES

TAX LAWYERS


TAX ACCOUNTANTS



Contact Zelos for a free consultation today
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Visit:  www.zelosglobal.com
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Video Conference:  Booking Calendar
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E-mail: kareen@zelosglobal.com

 LEADERS IN PRIVATE WEALTH MANAGEMENT



Visit: https://www.incito.ca/
~
E-mail:  inspire@incito.ca

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



CLICK HERE to sign up for Housing Truth newsletter 



CLICK HERE to sign up for PROPERTYlines



CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events"

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

~

[please send your charity golf event notices to  kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ Apr. 13; Western Canada Apartment Investment Conference (being held virtually), info/register

+ Apr. 14-15; 28th Vancouver Real Estate Forum, virtual-only; info/register

+ Apr. 19; Federal Government Budget Speech Day

+ May 6; 6th Saskatchewan Real Estate Forum; virtual-only; info/save the date

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 12-13; Montreal Real Estate Forum, virtual-only; info/register

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 26-27; 22nd Edmonton Real Estate Forum, online/virtual; registration now open

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 8 & 9; Land & Development Conference; virtual-only – save the date/sponsorship

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 20; Oil & Gas Tech Summit 2021; virtual – register here

+ June 11-13; THIRDACTion Film Festival – Patricia Whalen Theatre, in-person & online - Calgary Downtown Library, and VIRTUAL; tickets/passes go on sale April 12th; SAVE THE DATES/get on the mailing list – and check out the 2020 Films

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list , call for presenters

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

[please send your event notices and AGM notices to kolke@facilitycalgary.com ]




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com




 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Apr. 6 ~ 13 / 2021 


+ Alberta COVID-19 stats: 2,018 deaths to date, 14,849 active cases of 162,038 confirmed cases to date: aggregate Alberta data – currently, 390 Albertans are in the hospital with COVID-19, and 90 of those are in intensive care units; 3,861,430 tests have been administered to 1,953,019 Albertans to date.

+ Alberta COVID-19 restrictions remain in effect – a RETURN TO STEP 1 FULL  - due to case levels and anticipated surge in pressure on hospitalizations as variant cases spike – Premier Kenney video shows graphs and makes hopeful assurances of ‘return to normal’ this summer, including Stampede … – we’ll see

+ABTraceTogether – get the APP

+ Air Canada bailout/help from government is large, involved the government/taxpayers taking an equity stake in the airline, in two portions –; LEEFF (Large Employer Emergency Financing Facility program is providing up to $5.879 billion in liquidity; CEEFC (Canada Development Investment Corporation) is providing $4.0 billion in loans; customers awaiting refunds for cancelled flights will get refunds – but the Trudeau government remains silent on help for other airlines – silent on a comprehensive industry-wide message of support … tic toc

+ Anthem United and Ronmor Group formed a 50/50 JV to develop 836-acre Glacier Ridge community in the NW; the master-planned community will build out as 4,125 single-family homes, 87 acres of multi-family and commercial land and over 200 acres of reserves

+ARC Resources Ltd. closed its combination/merger/acquisition of Seven Generations Energy Ltd.

+ Bank of Montreal solids European asset management business unit to Ameriprise Financial Inc. for $1.1 billion

+ Calgary Board of Edmonton joined the chorus of NO voices opposed to piloting the proposed new DRAFT K-6 curriculum; the UCP government trashed the NDP’s continuation of the Prentice-era revamp; the uproar of parents, educators, and irate-grandparents (like me!) to the hastily prepared politically biased program is building momentum; write to your MLA and have your voice heard

+ Canadian Pacific working its way through the regulatory process on Kansas City Southern merger

+ City of Calgary 2021 elections; now 10 declared candidates running for mayor: Ian Chaing, Jeremy Farkas, Brad Field , Jyoti Gondek, Larry Heather, Kevin Johnston, Zane Novak,Teddy Ogbonna, Shaoli Wang,  Grace Yan , and  51 candidates so far have filed nomination papers for 14 Ward seats on council ~ and lots of other rumoured candidates exploring a run …

+ CPP Investments  (CPPIB) created a new entity, Sustainable Energy Group with a focus on renewables

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices softened on U.S. inventory build, and demand outlook uncertain – and now edging upward again on middle east tension and expected inventory drawdowns …

+ E3 Metals got a $1.8 million Alberta Innovates grant to develop a pilot plant for lithium extraction

+ Enerplus Corporation agreed to acquire a portfolio of Williston Basin assets from Hess Corporation for US$312.0 million

+ Enerplus Corporation announced an increase in its 2021CapEx Budget to $360.0 million

+ Expander Energy Inc. and Vanderwell Contractors got approval for their Slave Lake Biomass/Gas-t0-Liquids proposed project

+ Hillcrest Petroleum Ltd. acquired ANIGO Technologies Inc.; rebranded as Hillcrest Energy Technologies Ltd.

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – March issue, archived issues

+ Hub International Limited acquired Wessex Financial Inc.; terms not disclosed

+ Mayor Nahid Nenshi announced he will not seek a 4th term in this October’s municipal election; we’ll remember the good, the bad, and the ugly – but whether you love him or grit your teeth when you hear his name, he’s been a remarkable force in this city; Gary Mason’s piece in the Globe is fair (though he overstates flood-time-crisis management credit attributed to Nenshi, credit that clearly belonged to Bruce Burrell )

+ Next Hydrogen Corporation acquired CleanFuel Systems Inc.

+ PetroShale Inc. completed its recapitalization transaction

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE March issue;  archived PROPERTYlines Issues

+ Questerre Energy Corporation and ZEG Power AS teaming up to develop a blue hydrogen project in Quebec

+ rig activity in Canada

+ rig counts (active/working) – US: up 2 to 432 this week; Canada: down 11 to 58 this week; full breakdown and international rig counts

+ Tamarack Valley Energy Ltd. agreed to acquire Anegada Oil Corp. for $494.0 million

+ Topaz Energy Corp. agreed to acquire a royalty portfolio from Tamarack Valley Energy Ltd. for $32.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Abaxx Technologies Inc. is on the market to raise $21.5 million

+ Algonquin Power Co. is on the market to raise $400.0 million in sr. unsecured debt

+ BANXA Holding Inc. closed $15.0 million equity financing by private placement

+ BTB REIT is on the market to raise $27.5 million in equity

+ Cerro de Pasco Resources Inc. closed $1.2 million first tranche of an equity financing by private placement

+ CIBC is on the market to raise $1.0 billion in sub. debt

+ EdgePoint Investment Group Inc. closed $7.0 million equity raise by private placement

+ K.B. Recycling Industries Ltd. is on the market to raise $11.4 million in equity by IPO

+ MDA Ltd. closed $400.0 million equity raise by IPO

+ NEXE Innovations Inc. is on the market to raise $8.0 million in equity

+ NEXE Innovations Inc. closed $34.5 million equity raise

+ mCloud Technologies Corp. is on the market for a $12.6 million equity raise

+ NorthWest Healthcare Properties REIT closed $5.0 million equity raise by private placement

+ Northern Reflections secured US$10.0 million credit facility

+ Payfare Inc. closed $75.2 million equity raise

+ PharmaCielo Ltd. closed $13.5 million equity raise

+ Summit Industrial Income REIT closed $250.0 million green debt financing

+ Teine Energy Ltd. closed US$400.0 million sr. unsecured debt financing by private placement

+ United Hunter Oil & Gas Corp. closed $3.1 million equity financing by private placement

+ ViveRE Communities Inc. is on the market to raise $2.5 million in equity

*editor’s note: names companies involved in arm’s length debt and equity financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Anthem United and Ronmor Group formed a 50/50 JV to develop 836-acre Glacier Ridge community in the NW; master-planned community will build out as 4,125 single-family homes, 87 acres of multi-family and commercial land and over 200 acres of reserves

+ construction industry forecast for labour through to 2030

+ Patullo Bridge delayed to 2024; first piles install in Fraser River

+ renderings magic – check this out

+ Toronto – where the cranes are




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ RBC published its 2020 ESG Performance Report

+ Spin Master Corp. published its Annual Corporate Social Responsibility Report

+ Thomson Reuters published its 2020 Social Impact Report




  P3 + INFRASTRUCTURE  


+ the downtown Plus15 (+15) pedestrian system is getting a review, re-study, and possible re-vamping; wayfinding (mostly signage) improvement recommendations will fall out of the study being conducted; the policy update will to a City Council Committee – Transportation and Transit – by June. The structures, building them, connecting and paying for Plus 15 bridges is a ‘developer/owner’ function – but operations and permitting processes for tenants fronting onto the Plus15 rests with the City …

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Optima Living Communities Inc. and Axium Infrastructure acquired 305-beds of long term care facilities from Points West Living

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 INTERESTING TRENDS IN RETAIL ... 


+ Aegis Brands Inc. got shareholder approval for its sale of Second Cup Coffee Co. to Foodtastic Inc.

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025