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 

+ 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




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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




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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 ]


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