FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

Mark Kolke interviews interesting people.
He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future.

This week's conversation with Wayne Turnbull , an incredibly determined and resiliant Calgarian.

Last week's conversation with Diane Jones Konihowski, CM, Sr. Mgr., Fund Development at Distress Centre Calgary

And, click here to access archived conversations with fascinating people ...



 SHAREHOLDER MEETINGS

+ Apr. 15; National Bank of Canada, Annual Meeting of Common Shareholders, Drummondville

+ Apr. 16; Calgary Airport Authority, Annual Public Meeting, Calgary

+ Apr. 20; Brookfield Canada Office Properties, Annual General Meeting of Unitholders, Toronto

+ Apr. 21; Calgary Chamber of Commerce, Annual General Meeting, Calgary

+ Apr. 21; Canadian National Railway Company, Annual General Meeting of Shareholders, Memphis, TN

+ Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

+ Apr. 22; TransForce Inc., Annual Meeting of Shareholders, Toronto

+ Apr. 23; CIBC, Annual General Meeting, Calgary

+ Apr. 29; Choice Properties REIT, Annual Meeting of Unitholders, Toronto

+ Apr. 30; AltaGas Ltd. Annual Meeting of Shareholders, Calgary

+ May 6; Brookfield Asset Management Inc., Annual Meeting of Shareholders, Toronto

+ May 6; Gibson Energy Inc., Annual General Meeting, Calgary

+ May 7; DIRTT Environmental Solutions, Annual General Meeting, Calgary

+ May 7; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

+ May 8; CAP REIT Annual Unitholders Meeting, Toronto

+ May 8; Pembina Pipeline Corporation, Annual General Meeting of Shareholders, Calgary

+ May 11; Cathedral Energy Services Ltd, Annual and Special Meeting, Calgary

+ May 12; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 12; Inter Pipeline Ltd., Annual General Meeting, Calgary

+ May 12; Karnalyte Resources Inc. Annual General and Special Meeting of Shareholders, Saskatoon

+ May 13; Slate Retail REIT, Special Meeting of Unitholders, Toronto

+ May 13; Summit Industrial Income REIT, Annual Unitholders Meeting, Toronto

+ May 14; Crombie REIT, Annual General Meeting, New Glasgow, NS

+ May 14; ENTREC Corporation, Annual General Meeting of Shareholders, Acheson, AB

+ May 14; Genesis Land Development Corp.; Annual General Meeting, Calgary

+ May 14; WPT Industrial REIT, Annual Meeting of Unitholders, Toronto

+ May 19; Inovalis REIT, Annual Meeting of Unitholders, Toronto

+ May 21; Emera Inc., Annual Meeting of Shareholders, Saint John

+ May 21; High North Resources Ltd.; Extraordinary Meeting of Debenture Holders, Calgary

+ May 26: Legacy Oil + Gas Inc., Annual General Meeting, Calgary

+ June 18; Extendicare Inc., Annual General & Special Meeting, Toronto

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




 SAVE THE DATE / upcoming events

+ May 5; Alberta Provincial Election

+ May 14; Edmonton Real Estate Forum, Shaw Conference Centre, Edmonton

+ May 19-21; Canada LNG Export Conference & Exhibition, TELUS Convention Centre, Calgary

+ May 24-2 7; Banff Compass 2015; Association of Fundraising Professionals, Banff

+ May 27; 4th Annual Breakfast WITH Champions in support of Special Olympics, TELUS Convention Centre,Calgary; info/register/tickets

+ June 2; Calgary Leasing Conference, TELUS Convention Centre, Calgary

+ June 9-11; Global Petroleum Show 2015; Stampede Park, Calgary info/register

+ July 3-12; Calgary Stampede 2015 - tickets now on sale 

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Brian Collie, CEO @ Manitoba Real Estate Association, died

+ Chris Read to Pres. @ Upside Engineering

+ Christine Shipton to Sr. VP & Chief Creative Officer @ Shaw Media

+ Dervla Kelly to VP Marketing & Communications @ Shaw Media

+ Eugene Beukman to CFO @ Golden Band Resources Inc.

+ Greg Treffry to VP Bus. Dev @ Shaw Media

+ John Elzner, Pres. & CEO @ Agent Energy Trust, resigned

+ Julie Hrdlicka elected Trustee @ Calgary Board of Education

+ Ken Manget to VP Relationship Investing @ Ontario Teachers’ Pension Plan

+ Kevin Broger to Technical Advisor @ Westbridge Energy Corporation

+ Kevin Curll, Pres. @ Bell Media, sacked for interfering with journalism and editorial operations at CTV television network

+ Kevin Ferguson to Partner @ Collins Barrow Red Deer LLP

+ Martin Cheyne to CEO @ Boulder Energy Ltd.

+ Michael Kabanuk to Pres. & CEO @ Granite Oil Corp.

+ Mike Derbyshire to Gen. Mgr. @ Calgary Parking Authority

+ Mike McKnight to Director @ Avigilon Corporation

+ Nathalie Palladitcheff to Exec. VP & CFO @ Ivanhoé Cambridge 

+ Ric Leong to Chief Accounting Officer and Sr. VP @ Avigilon Corporation

+ Travis Hanna to Mgr. Mineral Division @ LandSolutions LP


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




BOARDROOM changes, purges, appointments etc.

+ Bill McCall to Director @ Iona Energy Inc.

+ Brendan Carrigy to Chairman @ Granite Oil Corp.

+ Dr. Micheal Kelly to Director @ Economical Insurance

+ Michael Kabanuk to Chairman @ Boulder Energy Ltd.

+ Normand Beauchamp, Trustee @ BTB REIT, died

+ Richard Ames, Director @ Iona Energy Inc., resigned

+ Roger Laing, Director @ Iona Energy Inc., resigned




 KUDOS 

+ to Ron Mannix, named winner of 2015 Distinguished Business Leader Award by Haskayne School of Business at University of Calgary

+ to Calgary Flames coach Bob Hartley ... for leading the team to a playoff spot for the first time in six years


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated ... April 14, 2015




 TODAY'S HEADLINES


Alberta election called | GE sells US$26.5 billion in real estate | Prentice/election Watch | Shell buying BG Group for US$70 billion | Woodside closes on Kitimat LNG deal + Wayne Turnbull interview | upcoming events & corp. meetings + 13 financings + 25 executive and board appointments >>>>




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INTERESTING REAL ESTATE NEWS, other places


+ Gateway Casinos & Entertainment announced plans to open a 60,000 sq. ft. Grand Villa Edmonton Casino in the downtown Arena District; $32 million project will open summer 2016 which will then result in closure of Baccarat Casino already operated in the area by Gateway

+ Hollyburn Properties Ltd. acquired 125 unit, 10 storey building in Yorkville area of Toronto for $42,500,000

+ Ivanhoé Cambridge acquired 25% interest in Liberty Place (647,729 ft2), in Sydney, Australia. Blackstone Property Partners Asia partnered on the purchase from Lasalle Investment Management, for a total investment of AU$240 million

+ The Caisse de dépôt et placement du Québec is investing $267.7million for a 49% interest in Mexico’s Empresas ICA, in a JV to operate four toll highways




 SAVE THE DATE / GOLF TOURNAMENTS


+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course
+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam; info/register
+ Aug. 13; 10th Annual CREW Golf Tournament, Sirocco Golf Club, Calgary; info/register



 QUOTES

+ Peace is purchased from strength. It’s not purchased from weakness or unilateral retreats. – Benjamin Netanyahu

+ Even the most analytical thinkers are predictably irrational; the really smart ones acknowledge and address their irrationalities. – Dan Ariely




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NEWS SUMMARY 
 Apr. 7 - 14 


+ Alberta land sale April 8th  netted $7.09 million for Government of Alberta, lowest this year; Saskatchewan sale netted $5.28 million for Government of Saskatchewan

+ Albertans go to the polls May 5th in a provincial election

+ Apache Corporation agreed to sell its Australian sub. to Macquarie Capital Group Limited and Brookfield Asset Management Inc. for US$2.1 billion

+ Argent Energy Trust’s U.S. sub agreed to sell its interest in Manvel Field for US$20.5 million

+ ATB – daily economist’s outlook

+ Calvalley Petroleum Inc. announced it will restructure and liquidate the company based on turmoil in Yemen

+ Concord Pacific broke ground on its 14-storey condo development ‘The CONCORD’

+ ConocoPhillips announced its 2015 CapEx Budget for Canada is $1.3 billion

+ current energy prices – live link to Bloomberg energy prices : crude supplies continue to surge while strong German economic data and uncertainty about Iran sanctions and conflict/refinery closure in Yemen counteract supply concerns, prices are still soft and natural gas prices hit a 2 ½ yr. low

+ DeeThree Exploration Ltd. is reorganizing; spinning out Belly River and Alberta Bakken projects into two new companies, Boulder Energy Ltd. and Granite Oil Corp.

+ Dentons merging with McKenna Long & Aldridge LLP

+ GASFRAC Energy Services Inc. completed its insolvency sale to STEP Energy Services Ltd. under CCAA court-approved sale

+ GE announced selling off most of its real estate finance arm GE Capital – expected to net US$26.5 billion which GE will use for a share buy-back, exiting financial services to focus on industrial businesses only; buyers are Wells Fargo and two Blackstone real estate funds

+ Gibson Energy Inc. announced it will construct 900,000 barrels of additional crude oil storage capacity at its Hardisty terminal; to be in service by mid 2017

+ Global Thermoelectric changed its name to Gentherm Global Power Technologies

+ National Energy Board launched an online interactive tool to track spills and other pipeline incidents

+ National Music Centre project secured a 12 yr./$10 million naming deal that will have the centre called Studio Bell; the project is in the East Village and will open Spring/2016

+ NOVA Gas Transmission Ltd. filed with regulators a $1.4 billion system expansion plan for central/northern Alberta sections of its system

+ Ontario Premier Wynne announced plans to enter a cap-and-trade systems for emissions

+ Pan Orient Energy Corp. adopted an Advance Notice By-law

+ Perpetual Energy Inc. closed its $21 million sale of royalty lands in east-central Alberta

+ Prentice/election watch: zero government announcements since the election call (are they still open?); early polling results suggest the Tory right-to-rule may not be as strong as perceived and the Wild Rose may have life left. Liberals are likely not a factor, nor is the Alberta Party. NDP may bring some surprises in Edmonton and northern Alberta … Prentice dodging questions about the Kananaskis Golf Course deal (sorry .. this one is gag-reflect time; the deal was cozy, long ago, between Don Getty cronies and the government – hardly a ‘track record’ issue for anyone since the Lougheed/Getty era .. so the media and Wildrose are chewing it like an old bone) …tic toc

+ rig counts are down – Baker Hughes oil rig counts for March 2015; worldwide total 2,557 which is down from 2,986 in February

+ Rosneft has delayed its Sakhalin Island LNG plant for at least two years due to falling prices

+ Royal Dutch Shell Plc agreed to acquired BG Group for US$70.2 billion; deal will be subject to shareholder approval and negotiations with partners … tic toc …

+ Shoreline Energy Corp. filed for CCAA creditor projection; trading halted

+ South Bay Resources Canada LP is marketing assets for sale as part of a strategic review process

+ Speargrass Energy Inc. instituted a strategic alternative process; assets on the market

+ STEP Energy Services Ltd. is ramping plans to start conventional fracturing in Canada following its acquisition of GASFRAC Energy Services Inc.

+ Strategic Oil & Gas Ltd. struggling with debt, considering asset sales

+ Target has completed its retail wind-down; they’ve closed all their Canadian stores

+ TransCanada Corporation planning for southern Ontario/golden triangle area will be altered due to changes in Eastern Mainline project

+ Waramaug Hospitality Canada LLC & Superior Lodging Corp. acquired Travelodge Canada master licensing rights from Holloway Lodging Corporation.

+ Weatherford Laboratories are opening a new lab facility in NE Calgary

+ Woodside Petroleum Limited closed its US$854 million acquisition of Apache Corporation’s interest in the Kitimat LNG project




FINANCINGS - proposed & closed

+ AltaGas is on the market to raise US$125 million in med-term debt

+ American Hotel Income Properties REIT LP is on the market to raise $57.5 million in equity

+ Brookfield Infrastructure is on the market to raise $890 million in equity

+ Crown Point Energy Inc. closed final US$8.5 million tranche of its equity financing

+ Bonterra Energy Corp. secured $425 million credit facility

+ Enhanced Oil Resources Inc. is on the market to raise US$5.5 million in equity

+ First National Financial Corporation closed $175 million sr. unsecured debt financing

+ InnVest REIT closed $80 million secured debt financing

+ NuVista Energy Ltd. is on the market to raise $110 million

+ Pembina Pipeline Corporation closed $225 million preferred share issue

+ Petra Petroleum Inc. closed $31.7 million equity financing

+ Starlight U.S. Multi-Family (No. 4) Core Fund closed $64.7 million IPO

+ Whitecap Resources Inc. closed $110 million equity financing




 this week in REITS 


+ American Hotel Income Properties REIT LP is on the market to raise $57.5 million in equity

+ InnVest REIT closed $80 million secured debt financing

+ Normand Beauchamp, Trustee @ BTB REIT, died




 INFRASTRUCTURE / P3 / GREEN


+ Aecon Group Inc. sold Innovative Steam Technologies to Fulcrum Capital Partners for $35 million

+ Waterfront Toronto selected KPMB Architects + West 8 + Greenberg Consultants as winners of the design competition for the Jack Layton Ferry Terminal and Harbour Square Park project 




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this site last updated May 6, 2025