FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amandeep Kaler to CEO @ Avcorp Industries Inc.

+ Andres Gutierrez, Chief Medical Officer @ Oncolytics Biotech, left the company

+ Bill McCaffrey, Pres, CEO & Director @ MEG Energy Group, retiring

+ Bill Peters to Head Coach @ Calgary Flames

+ Brian Kohlhammer to VP Finance & CFO @ Clearview Resources Ltd.

+ Darcy Ries to VP Engineering and COO @ Clearview Resources Ltd.

+ David Gillis to VP Finance @ Kelt Exploration Ltd.

+ Glen Gulutzan, Head Coach @ Calgary Flames, fired

+ Harvey Doerr to Interim CEO @ MEG Energy Group

+ John Combie to Sr. VP Retail Canada & Bus. Dev. @ Triovest

+ Kimberlie Garraway to VP Property Mgmt. @ ONE Properties

+ Louis Gagnon to Country Corporate Officer @ Marsh & McLennan Companies

+ Lyle Martinson to COO @ Valeura Energy Inc.

+ Michael Shea to Director @ Kelt Exploration Ltd.

+ Peter George, CEO @ Avcorp Industries Inc., resigned

+ Ray Ferris to Pres. & COO @ West Fraser Timber Co. Ltd.

+ Sheri Wilson to Poet Laureate @ City of Calgary

+ Timothy Halpen to Director @ Clearview Resources Ltd.

+ Tina Lee to CEO @ T & T Supermarkets

+ Tom Sheraden to CTO @ QuadReal Property Group

+ Tony Angelidis to Pres. & CEO @ Clearview Resources Ltd.

+ Tony Berthelet to Pres., CEO & Director @ Strategic Oil & Gas Ltd.


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




 MEMORIAM

+ Ken Hutchison, retired architect, Past-President of Alberta Architect’s Association; 74




 KUDOS 

+ to Toronto police – for apprehending the van driver who mowed down many, killing 10 and seriously injuring 15 in the process yesterday; without a shot fired …




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ HR Awards 2018 – nomination process is underway; info/nominate

+ this is Alberta Career Week (Apr. 23-27); click here for events calendar and success stories

+ which is better, perks or compensation?




 INFRASTRUCTURE / P3  


+ Boralex Inc. agreed to a acquire Kallista Energy Investment SAS for $368.7 million

+ Calgary Board of Education is facing a $1.0 billion repair/maintenance shortfall at the same time as operating costs represent a $35.0 million annual shortfall




 CONSTRUCTION NEWS + INNOVATION 

+ Bruce Power awarded contracts for $914.0 million to upgrade and replace major components for power plants in Cambridge, Oakville, Cobourg and Arnprior, Ontario

+ Evolv1; Ontario building first to get design certification as Zero Carbon Building




 QUOTES 

+ Happiness is where we find it, but very rarely where we seek it. – J. Petit Senn

+ The only people with whom you should try to get even are those who have helped you. – John Southard




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ 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

+ LPG – Liquefied Propane 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

+ PSP – Public Sector Pension Investment Board

+ 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




 SUGGESTIONS / COMMENTS:
 
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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated April 24, 2018




 TODAY'S HEADLINES


HEADLINES: Big Rock JV | Clearview acquires Bashaw Oil | CRUDE PRICES UP! | DATAHIVE new sponsor at FC | Enbridge Line 3 hurdles | Gemini in receivership | Kinder Morgan saga continues | Smitty’s Canada sold + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

A recent conversation with Mac Logan, Planner, former General Mgr. Transportation at City of Calgary and now Principal and Maplehawk. 

A recent conversation with Mike O'Connor, 'bucket list adventurer' and founder, Pres. & CEO of O'Connor Associates Environmental Inc.

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



 sponsors of this week's issue:

click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 CALGARY OLYMPICS 2026 BID WATCH 


+ potential bid interest still alive, City Council working through its process; projected city infrastructure capital cost shortfall over next 10 yrs. estimated at $5.7 billion clouds the picture … tic toc




 SAVE THE DATE / upcoming events

+ Apr. 20,24,26,27; Bowl For Kids Sake, Chinook Bowladrome, Calgary; info/register

+ Apr. 25; Vancouver Real Estate Forum, Vancouver Convention Centre; info/registration

+ May 9; EducationMatters: Fuel the Future fundraiser; info/tickets

+ May 10; Kananaskis Golf Courses re-opening day; bookings online starting Mar. 14; res # 1-877-591-2525

+ June 4-6; OPEX Summit; Operational Excellence in Energy Chemical & Resources, BMO Centre, Calgary; info/agenda

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register , registration now open

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register


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



 CHARITY GOLF TOURNAMENTS 

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ mysterious holes in Arctic ice .. check out the NASA photos




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NEWS SUMMARY 
 April 17 ~ 24 


+ Bank of Canada held its benchmark rate steady at 1.25%

+ BC Partners recapitalizing and taking majority stake in GFL Environmental Holdings Inc.

+ Big Rock Brewery and Fireweed Brewing Corp. announced a Joint Venture; will add capacity and deepen product offerings …

+ Cequence Energy Ltd. closed the sale of its remaining NE B.C. assets; now an Alberta only company

+ Clearview Resources Ltd. completed its acquisition of Bashaw Oil Corp.

+ current energy prices – live link to current Bloomberg energy prices; WTI crude up to US$68/bbl last week due to refineries experiencing depleting inventories and OPEC members pushing for higher prices – and  starting this week higher still – we are now above ‘before the downturn pricing’. Meanwhile U.S. producers are flooding European markets to the chagrin of OPEC and Russia

+ DATAHIVE – Calgary datacenter; welcome as a new sponsor/advertiser at FACILITYCalgary

+ Enbridge Inc.’s Line 3 replacement project hit a hurdle; court ruling in Minnesota rejected the company’s preferred new route through Minnesota rather than building within the historical right-of-way; a conditional green light if built within current Line 3 route …

+ flood season in southern Alberta; evacuations on Drumheller due to flooding of the Rosebud River; -  flood alerts issued for Red Deer County, Wheatland County, Siksika Nation, Kneehill County, Taber, Vulcan County, Forty Mile County, Bragg Creek

+ Gemini Corporation into receivership; court appointed FTI Consulting Canada Inc. as receiver/manager

+ Kinder Morgan’s TransMountain pipeline expansion wrangle/wrestle continues; public opinion in B.C. and across Canada favours the line but protestors in Burnaby and B.C. Premier Horigan are trying their best to discourage the line. Meanwhile Prime Minister Trudeau seems to be making a political calculation to make haste as slowly as possible because he has much to lose if the project dies and little to gain if it goes ahead. Most people I talk to feel he has too little passion for or commitment to the needs of Alberta and he’ll take the expedient way out rather than flex any real muscles to get the project built so Alberta oil can get to tidewater. Frankly, his words aren’t matched by credible action – he and the B.C. premier are confederation-ist only when it pleases or benefits them, which ought to shorten their term in office …tic toc

+ Notley government legislative process to limit shipments of energy products out of province continues; meanwhile Saskatchewan’s Minister of Energy has introduced a similar piece of legislation … tic toc

+ rig counts: down 9 to 93 this week due to spring breakup; full breakdown

+ Smitty’s Canada (80 franchise locations, 5 corporate locations), sold to Equicapita Income Trust and Equicapital Investment Corp.

+ U.S. rig counts: up 5 to 1,013; complete breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AcuityAds Holdings Inc. closed $4.6 million equity financing

+ Anthem Properties Group Ltd. secured $200.0 million financing facility

+ GFL Environmental Holdings Inc. secured commitments for $5.125 billion recapitalization 

+ Kontrol Energy Corp. is on the market to raise $5.0 million in debt and equity by private placement

+ Pine Trail Capital closed $400,000.0 IPO

+ Starwood Capital Group’s Starwood Global Opportunity Fund XI raised US$7.55 billion in equity

+ TAG Oil Ltd. secured US$10.0 million revolving credit facility

+ Torchlight Energy Resources Inc. closed US$6.0 million equity financing




 this week in REITS 


+ distribution reports this week …



 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ 6,150,000 sq. ft. of Data Center space is under construction in Des Moines, Iowa; 1.5 million is for Facebooks’ site (US$1.5 billion); Microsoft, Apple, LightEdge Solutions are among the others expanding in that area …

+ LaSalle Hotel Properties is the target of a US$3.6 billion; multiple suitors …

+ Triple Five Group Ltd. is negotiating to buy a 47 acre ‘former rocket engine’ manufacturing site in Los Angeles from United Technologies Corp.




 INTERESTING THINGS IN RETAIL 


+ Fairfax Financial Holdings Ltd. agreed to acquire the Canadian unit of Toys “R” Us for $300.0 million; other bidders are in the hunt … tic toc

+ Nestle’s Nespresso opened a Nespresso Boutique in Vancouver’s Metropolis at MetroTown




 SHAREHOLDER MEETINGS

+ Apr. 24; BMO Life Assurance Company, Annual Meeting of Shareholders and Policy Holders, Toronto

+ Apr. 26; Linday Park Sports Society, Annual General Meeting, Repsol Sport Centre, Calgary

+ Apr. 30; Tervita Corporation, Annual and Special Meeting of Shareholders, Calgary

+ Apr. 30; Newalta Corporation, Annual and Special Meeting of Securityholders, Calgary

+ May 1; AltaGas Ltd., Annual General Meeting of Shareholders, Calgary

+ May 3; Fortis Inc., Annual Meeting of Shareholders, St. John’s

+ May 3; GMP Capital Inc., Annual and Special Meeting of Common Shareholders, Toronto

+ May 3; Great-West Lifeco Inc., Annual and Special Meeting of Shareholders, Winnipeg

+ May 3; Source Energy Services Ltd., Annual General Meeting, Calgary

+ May 3; The Empire Life Insurance Company, Annual and Special Meeting, Toronto

+ May 3; Manulife Financial Corporation, Annual Meeting of Shareholders, Toronto

+ May 3; SNC-Lavalin Group Inc., Annual Shareholders Meeting, Montreal

+ May 4; AutoCanada, Annual General Meeting of Shareholders, Edmonton

+ May 4; Pembina Pipeline Corporation, Annual General Meeting of Shareholders, Calgary

+ May 7; Economical Mutual Insurance Company, 146th Annual Meeting, Kitchener

+ May 7; Inter Pipeline Ltd., Annual Meeting of Shareholder, Calgary

+ May 8; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 8; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ May 9; Enbridge Inc., Annual Meeting of Shareholders, Calgary

+ May 9; Enbridge Income Fund Holdings Inc., Annual Meeting of Shareholders, Calgary

+ May 10; TransGlobe Energy Corporation, Annual and Special Meeting of Shareholders, Calgary

+ May 9; Sun Life Financial Inc., Annual Meeting, Toronto

+ May 10; Big Rock Brewery Inc., Annual Meeting of Shareholders, Calgary

+ May 10; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, Calgary

+ May 10; Crombie REIT, Annual General Meeting, New Glasgow, NS

+ May 10; TransAlta Renewables Inc., Annual Meeting of Shareholders, Calgary

+ May 11; Obsidian Energy Ltd., Annual General Meeting, Calgary

+ May 11; Yellow Pages Limited, Annual General Meeting of Shareholders, Montreal

+ May 12; Summit Industrial Income REIT, Annual Unitholders Meeting, Toronto

+ May 14; Tidewater Midstream and Infrastructure Ltd., Annual General and Special Meeting of Shareholders, Calgary

+ May 15; Innergex Renewable Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ May 15; Intermap Technologies Corporation, Annual Shareholders Meeting, Calgary

+ May 18; Cona Resources Ltd., Annual and Special Meeting, Calgary

+ June 7; Dollarama Inc., Annual Meeting of Shareholders, Montreal

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

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