FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Aris Economou to VP Bus. Dev. @ Lionridge Capital Management Inc.

+ Christy Clark, Leader @ B.C. Liberal Party, resigned

+ Dean Bernhard to VP Finance & CFO @ RMP Energy Inc.

+ Diana Propper de Callejon, Director @ DIRTT Environmental Solutions, resigned

+ Gary Whitelaw to Director @ Welltower Inc.

+ Gregg Nixon to VP Completions & Production @ RMP Energy Inc.

+ Jennifer Honey Brannon to VP Human Resources @ Financeit Canada Inc.

+ Jeremy Smith to VP Engineering @ RMP Energy Inc.

+ Ken Taylor to Interim Pres. & CEO @ Yellow Pages Limited

+ Madeleine McGhee to Project Mgr./Analyst @ Spectra Energy

+ Matt Abel to Dir. Bus. Operations @ Marvel Cabinetry and Renovations

+ Robert Horrar to COO @ Medical Facilities Corporation

+ Robert Waters to Sr. VP & CFO @ Canadian International Oil Corp.

+ Ryan D’Souz to VP Sales @ Financeit Canada Inc.

+ Tim Krysak to Pres. & COO @ RMP Energy Inc.

+ Todd Lillibridge to Director @ DIRTT Environmental Solutions

+ Rob Colcleugh to CEO @ RMP Energy Inc.

+ Zoran Jankovic to VP Engineering @ RMP Energy Inc.


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




 SAVE THE DATE / upcoming events

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated August 1, 2017




 TODAY'S HEADLINES


HEADLINES: Brighpath sold | Encan sale to Caerus sold | Great-West Life acquired Financial Horizons | Pacific Northwest LNG deal is dead | Sunshine Village evacuated again | TransCanada Open Season + Karyn Elliott interview  upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

This week's conversation with Karyn Elliott, Principal at Crazy House Staging ...and Albertine Design

Last week's conversation with Ian Morrison, Financial Advisor and Manager of Cross-border Investments at Raymond James

A recent conversation with Ian Morrison, Financial Advisor and Manager of Cross-border Investments at Raymond James

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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Aug. 15-17; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


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



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http://facilitycalgary.com

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NEWS SUMMARY 
 July 25 ~ August 1 


+ Brightpath Early Learning Inc. closed its takeover deal with UK based Busy Bees Holdings Limited (majority owned by Ontario Teachers’ Pension Plan); will continue to operate as Brightpath

+ Brookfield Business Partners L.P. agreed to acquire 60% of Teekay Offshore Partners L.P. for $750.0 million

+ Canadian International Oil Corp. to change its name to Hammerhead Resources

+ Ceiba Energy Services Inc. got court approval for its takeover by Secure Energy Services Inc.

+ current energy prices – live link to current Bloomberg energy prices; crude prices slipped a little (WTI under US$50/bbl) but moderately bullish on OPEC cutback expectations and Venuzuelan chaos … tic toc

+ Encana Oil & Gas (USA) Inc. closes its sale of Piceance natural gas assets in Colorado to Caerus Oil & Gas LLC

+ Great-West Life Assurance Company completed its acquisition of Financial Horizons Group

+ Petronas cancelled its plans for $36.0 billion Pacific Northwest LNG project near Port Edward, BC due to changes in market conditions; no word from officials on chance of the project being revived – but it could be a renegotiation tactic over costs and regulatory oversight, could be political volatility in Malaysia, or all those things; meanwhile, shipper interest is shifting to the planned Bear Head LNG project in Nova Scotia … tic toc

+ PSAC published its 2017 Drilling Activity Forecast: increasing from 6,680 (last year) to 7,200 (for 2017) wells to be drilled

+ Quebec government won’t allow any further oil & gas drilling on Anticosti Island; they want to make it a UNESCO protected site

+ rig counts; this week – up 14 to 220; full breakdown

+ Suncor Energy Inc. and Total SA in a battle over Total funding its share of final stages of Fort Hills oilsands project … tic toc

+ Sunshine Village evacuated again due to risk of the Verdant Creek wildfire

+ TransCanada Corporation announced expansion plans - $160.0 million – to boost capacity for its Canadian Mainline System

+ TransCanada Corporation announced opening of a binding Open Season for the Keystone XL Pipeline project; shipping from Hardisty, AB to Cushing, OK

+ WesternZagros Resources Ltd. completed its going-private transaction with Crest Energy International LLC; Crest now holds 100% of WesternZagros




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alimentation Couche-Tard Inc. closed US$250.0 million in sr. unsecured debt financings by private placement

+ Boralex Inc. closed EUR46.4 million debt financing

+ Canadian International Oil Corp. closed US$160.0 million sr. unsecured debt financing

+ Capital Power Corporation is on the market to raise $125.0 million by a preferred share issue

+ CN is on the market to raise $500.0 million in unsecured debt

+ European Commercial REIT closed $35.0 million equity financing

+ NADG NNN REIT is on the market to raise $25.0 million in equity by an IPO

+ Pure Industrial REIT is on the market to raise $200.0 million in equity




 QUOTES

+ When we seek to discover the best in others, we somehow bring out the best in ourselves. – William Arthur Ward

+ What you plant now, you will harvest later. – Og Mandino




 CONSTRUCTION NEWS + INNOVATION 

+ George Brown College is planning a 12-storey carbon neutral facility – Ontario’s first tall wood institutional building for its waterfront campus; ‘The Arbour’ will be LEED Gold

+ new International Construction Measurement Standards




 this week in REITS 


+ Allied Properties REIT agreed to acquire 50% interest in Westbank’s office project at 400 Georgia St. in Vancouver

+ European Commercial REIT closed $35.0 million equity financing

+ NADG NNN REIT is on the market to raise $25.0 million in equity by an IPO

+ Pure Industrial REIT agreed to acquire $365.0 million in Canadian properties (Montreal 2, Toronoto 4, Edmonton 2) – in aggregate, 1.9 million sq. ft.

+ Pure Industrial REIT is on the market to raise $200.0 million in equity




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario issued and RFP to three prequalified consortia to design, building finance and maintain a new hospital development in Toronto: West park Healthcare Development Project




INTERESTING REAL ESTATE NEWS, other places


+ Mainstreet Health Investments Inc. agreed to sell two facilities (Wichita, Kansas & Fort Worth, Texas) for US$47.0 million

+ Oxford Properties put its Constitution Square (three towers) property in Ottawa on the market For Sale

+ Starbucks is closing 379 ‘Teavana’ stores by the end of 2017




 SHAREHOLDER MEETINGS

+ Aug. 3; PRO REIT, Special Meeting of Unitholders, Montreal

+ Aug. 15; Questfire Energy Corp., Annual and Special Meeting, Calgary

+ Sept. 12; Home Capital Group Inc., Special Meeting of Shareholders, Toronto


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



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feedback@facilitycalgary.com



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this site last updated May 6, 2025