FACILITYCalgary

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

FACILITYCalgary June21/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Benoit Alain to Pres. & CEO @ Atis Group

+ David Bacon to Sr. VP & CFO @ Extendicare

+ David Emerson, Director @ Maple Leaf Foods Inc., retired

+ Deland Kamanga to Head, Global Trading Products @ BMO Capital Markets

+ Denean Tomlin to ITB/Offsets Mgr. @ Peraton Canada

+ Elizabeth Spomer to Director @ Painted Pony Energy Ltd.

+ Glenn Mutsemaker @ B+H Architects

+ John Bockstael to Chairman @ Canadian Construction Assocition

+ Jon Fisher to VP, Experience & Lifestyle @ Windmill Golf Group

+ Marie-Annick Bonneau to Head, Investor Relations @ iA Financial Group

+ Mark Brown to Director @ East West Petroleum Corp.

+ Normand Pepin, Exec. VP @ iA Financial Group, retiring

+ Robert Masson to CFO @ Dentalcorp

+ Shirley Turnbull to Director @ O’Brien Institute for Public Health

+ Stephen Ruschak to CEO @ The Guarantee Company of North America

+ Stephen Gunn, Director @ Sleep Country Canada, retired

+ Vince Davoli to Director @ EllisDon

~

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




 MEMORIAM

+ Dennis Anderson, former MLA, Cabinet Minister and mental health advocate; 69

+ Larry Purdy QC, noted sole practitioner lawyer  ;82




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ holding on to top talent …

+ negative feedback consequences




 TECH Corner ...

+ BSM Technologies Inc. agreed to acquire Geotab Inc. for $117.0 million

+ will Ai transform healthcare?




 QUOTES 

+ A student of life considers the world a classroom. – Harvey Mackay

+ Surround yourself with people who support you. Find champions. – Sarah Gavron




 KUDOS 

+ to Lori Ackerman, Mayor of Fort St. John, BC – named 2019 Canadian Energy Person of the Year by the Energy Council of Canada

+ to Brian Ferguson and Bob Young – given Lifetime Achievement Awards by CPA Alberta




 INFRASTRUCTURE / P3  


+ SNC-Lavalin agreed to sell a 10.01% interest in 407 International Inc. (Highway 407 ETR) for $3.25 billion to OMERS; SNC-Lavalin will retain 6.8% interest in 407 International Inc.

+ ENGIE (56.5%) and Caisse de dépôt et placement du Québec (31.5%) acquiring 90% interest in Brazil’s Transportadora Associada de Gás S.A. for US$8.6 billion




 CONSTRUCTION NEWS + INNOVATION 

+ B.C. government is requiring use of engineered wood on two major projects; Royal BC Museum in Victorie and St. Paul’s Hospital in Vancouver

+ new Ontario legislation – Bill 66 will open government infrastructure work to eligible non-union contractors

+ Toronto wood office building to be tallest in North America; T3 Bayside will be 10-storey/138 feet




 this week in REITS 


+ American Hotel Income Properties REIT LP closed its US$1.9 million acquisition of a Fairfield Inn & Suites White Marsh (116 keys) hotel in Baltimore, Maryland

+ BTB REIT sold a retail property in Delson, QB for $1.95 million

+ Firm Capital Property Trust agreed to acquire 50% non-managing interest in a six-property portfolio of grocery anchored shopping centres (ON, QB) from Fist Capital Realty Inc. for $133.0 million

+ Minto Apartment REIT agreed to acquire two properties/$209.0 million; 50% interest in 1,409 suites in Montreal, and 50% interest in 409 suites in Toronto




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ ABS – Asset Backed Securities

+ 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

+ BIM – Building Information Modeling

+ 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

+ DAB – Development Appeal Board

+ DILBIT – diluted bitumen

+ DIP – debtor in possession

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

+ EIA – U.S. Energy Information Administration

+ EPC – engineering, procurement and construction

+ E & P – exploration and production

+ FEED – front-end engineering and design

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ IPO – Initial Public Offering

+ ISO – International Organization for Standardization

+ 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

+ MOA – Memorandum of Agreement

+ 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:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




current week data

this  site is refreshed with a new issue every Tuesday


updated April 9, 2019




 TODAY'S HEADLINES


HEADLINES: Calgary property tax hike | Chevron LNG news | CRUDE PRICES UP! | Gibsons truck unit sale | Hub acquires Del Fisher | Keyser Benefits sold to Gallagher + Les Gombik interview  + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher 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 Les Gombik, Managing Partner Calgary, Caldwell

A recent conversation with Laureen Regan, Pres. & CEO @ BOOM Group Inc.

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



 sponsors of this week's issue:

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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



Partner with us for your CSR or employee giving program, and join us in the global fight against avoidable blindness - e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 21; MOC Summit Golf Tournament for MBI Canadian Foundation, Fairmont Banff Springs GC, Banff; info/register

+ June 9; 4th Annual Max Robinson Children’s Foundation, Crystal Ridge GC, Okotoks; info/register

+ June 20; Ambrose University 2019 Golf Classic, Glen Eagles, Cochrane; info/register

+ June 20; 26th Annual IFMA Calgary Open, Blue Devil Golf Club, Calgary; info/register

+ June 24; Special Olympics Calgary – 20th Annual Golf Classic; save the date / details coming soon

+ July 11; 17thy Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ July 16; Willow Park Charity Golf Classic, Willow Park G&CC, Calgary; info/details

+ Aug. 1; SAIT Centennial Golf Classic, Priddis Greens, Priddis; info/details

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Aug. 15; CHAS (Children;s Hospital Aid Society) 37th Golf Classic, Silver Springs Golf Club, Calgary; info/registration

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

~

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ USGBC launched LEED v4.1 For City, Community, Residential Projects




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 - 2019 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  






↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 April 2 ~ 9 


+ Alberta Election Watch: last week’s all leaders debate produced little that is new, no clear winners or losers; polls report Kenny’s UCP still holding a lead but not an overwhelming one – the campaign has one week to go as spending and policy promises fly around – the key element will likely be turnout and the weather; advance balloting has been strong/active … tic toc

+ Bill C-69; Conservative Senators will hold a public hearing in Calgary – today, 8:00-4:00PM, Sheraton Suites Eau Claire

+ Calgary City Council approved, by an 8-7 vote, a 3.45% tax hike for Calgary ratepayers; $105 increase for the average home for 2019; property tax bills to be mailed out next month

+ Coastal GasLink Pipeline project (TransCanada Corp) may share ownership with first nations consortium; 20 councils proposing to take 22.5% of the $6.2 billion project

+ Chevron Canada applied to double the size of its Kitimat LNG facility it is proposing together with Woodside Energy; original application was for 10 million tonnes/year – now aiming for 18 million tonnes/year

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up thanks to OPEC cuts, U.S. sanctions against Iran and Venezuela and Libyan unrest

+ Gibson Energy Inc. sold its Canadian truck transportation business unit for $100.0 million to Trimac Transportation

+ Great-West Lifeco Inc., London Life Assurance Company and The Canada Life Assurance Company are merging their branding – now to be known as Canada Life

+ Hub International Limited acquired Del Fisher Insurance Inc.

+ Keyser Benefits Corp. was acquired by Arthur J. Gallagher & Co.; terms not disclosed

+ oil path job losses predicted for 2019 – 12,000 jobs

+ Premier Notley says the Trans Mountain pipeline expansion project will get approval from Ottawa by the end of May …

+ rig counts - Canada: down 20 to 68 this week; click for full breakdown

+ rig counts – U.S.: up 22 to 1,023 this week; full breakdown

+ Shawcor Ltd. completed its acquisition of ZCL Composites Inc.

+ Tanager Energy Inc. changed its name to Paleo Resources Inc.

+ TransCanada Corp. reported to be exploring sale of its Columbia Midstream unit for $1.0 billion

+ Wolverine Energy and Infrastructure Inc. agreed to acquire 96 production testing units in Canada and the US for $24.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bank of Montreal is on the market to raise $350.0 million in equity by a preferred share issue

+ Boyd Group Income Fund secured US$400.0 million credit facility

+ Canaccord Genuity Growth II Corp. closed $100.05 million IPO

+ Ensign Energy Services Inc. is on the market to raise US$700.0 million in debt

+ E3 Metals Corp. closed $1.39 million equity financing by private placement

+ Greater Toronto Airports Authority closed $500.0 million debt financing by private placement

+ Hydro One Inc. is on the market to raise $1.5 billion in debt

+ Lightspeed POS Inc. secured $25.0 million credit facility

+ Pembina Pipeline Corporation closed $800.0 million debt financing

+ Rio Investment Partners are on the market to raise $150.0 million in equity

+ Rio Investment Partners closed $77.5 million first tranche of its equity raise

+ Temple Hotels Inc. closed $43.789 million equity financing by way of a rights offering

+ Wolverine Energy and Infrastructure Inc. is on the market to raise $15.0 million in equity

~

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




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Crown Resorts (James Packer/Australia) in talks with Wynn Group (Las Vegas) about at US$10.0 billion merger … tic toc

+ Fiera Capital Corporation closed its acquisition of an 80% interest in Palmer Capital (London, UK); cash and stock transaction

+ in Vancouver, the former St. Paul’s Hospital site is on the market; 6.6 acre site could support nearly 1.6 0 2.0 million sq. ft. of development depending on redevelopment scenarios; proceeds expected to be more than $800.0 million, will be used to fund the new St. Paul’s Hospital construction costs

+ Maple Leaf Foods Inc. announced a new US$310.0 million plant-based protein food processing facility to be build in Shelbyville, Indiana; 230,000 sq. ft. facility to be operational at full capacity in 2020

+ Tricon Capital Group Inc. agreed to acquired a U.S. sunbelt portfolio (23 multi-family buildings/7,289 units) for $1.4 billion




 SAVE THE DATE / upcoming events

+ Apr. 9-10; ISA Calgary Show, Stampede Park, Calgary; info/book exhibit space

+ April 23; Canadian Gas Dialogues, Calgary Petroleum Club, Calgary; info/register

+ Apr. 29 – May 1; Canada’s Trends Conference, Fairmont Banff Springs, Banff; info/register

+ Apr. 30; Saskatchewan Real Estate Forum, Saskatoon; info/register

+ Apr. 30 – May 1; Partners in Prevention 2019 – Health & Safety Conference & Trade Show, The International Centre, Mississauga; info/register

+ May 8; Western Canada Apartment Investment Conference, MacEwan University, Edmonton; info/register

+ May 8-9; Solar Canada Conference & Exhibition, BMO Centre, Stampede Park, Calgary; info/register/exhibit

+ May 9; Edmonton Real Estate Forum, Edmonton Convention Centre; info/register

+ May 27-29; Williston Basin Petroleum Conference, Delta by Marriot Regina, SK; info/register

+ June 3-4; 2019 Oil Sands Innovation Summit, Hyatt Regency, Calgary; info/register

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 SHAREHOLDER MEETINGS

+ Apr. 9; The Bank of Nova Scotia, Annual Meeting of Shareholders, Toronto

+ Apr. 16, Alberta Provincial Election – everywhere in Alberta – get out and VOTE!

+ Apr. 17; Calgary Real Estate Board, Annual General Meeting, Calgary

+ Apr. 18; Africa Oil Corp., Annual General and Special Meeting of Shareholders, Vancouver

+ Apr. 18; Brant Oil & Gas Company Limited, Special Meeting of Shareholders, Mississauga

+ Apr. 18; Calgary Airport Authority, Annual General Meeting, Calgary

+ Apr. 24; National Bank of Canada, Annual Meeting of Common Shareholders, Quebec City

+ Apr. 26; TransAlta Corporation, Annual and Special Meeting of Shareholders, Calgary

+ Apr. 30; Canadian National Railway Company, Annual General Meeting of Shareholders, Montreal

+ May 1; Canfor Pulp Products Inc., Annual General Meeting, Richmond

+ May 2; Baytex Energy Corp., Annual and Special Meeting of Shareholders, Calgary

+ May 2; The Empire Life Insurance Company, Annual and Special Meeting of Shareholders, Toronto

+ May 2; Manulife Financial Corporation, Annual Meeting of Shareholders, Toronto

+ May 3; Choice Properties REIT, Annual General Meeting, Toronto

+ May 3; FirstService Corporation, Annual and Special Meeting of Shareholders, Toronto

+ May 3; TransCanada Corporation, Annual and Special Meeting, Calgary

+ May 7; Brookfield Real Estate Services Inc., Annual General Meeting, Toronto

+ May 7; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, Calgary

+ May 7; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 8; Chorus Aviation Inc., Annual and Special Meeting of Shareholders, Halifax, NS

+ May 8; Intact Financial Corporation, Annual Meeting of Shareholders, Toronto

+ May 8; Maxar Technologies Inc., Annual Meeting of Stockholders, Westminster, Colorado

+ May 8; Summit Industrial Income REIT, Annual Unitholders Meeting, Toronto

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

+ May 9, Crombie REIT, Annual General Meeting, New Glasgow, NS

+ May 10; TransGlobe Energy Corporation, Annual General Meeting, Calgary

+ May 14; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ June 13; Cap REIT, Annual Unitholders Meeting, Toronto

~

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


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com