FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Aaron Serruya to Director @ The Second Cup Ltd.

+ Boris Daskal to Construction Director @ Truspace Design Firm

+ Brad Wall, Premier @ Government of Saskatchewan, stepping down

+ Bridget Parent Advisory Board @ Rise People

+ Chantal Sorel to Exec VP Capital @ SNC-Lavalin

+ Dan Davis to General Mgr. @ Office Concepts Inc.

+ Daniel To to VP Finance @ Coreio Inc.

+ Derek Aylesworth to Sr. VP & CFO @ Painted Pony Exploration Ltd.

+ Derek Proudian to Director @ Newtrax Technologies Inc.

+ Dr. Greg Bass to Pres. & CEO @ Calgary Academy

+ Gord Gillies to Morning Show Host @ Newstalk 770 Radio

+ Faisal Kazi to Pres. & CEO @ Siemens Canada Limited

+ Jean Desgagné to Pres. & CEO Global Enterprise Services @ TMX Group Limited

+ Jeff Faith to Director, Human Resources @ FirstService Residential

+ Jeff Head to Director, Canada West @ Veranova Properties Limited

+ Kathy Turgeon to Director @ Granite Oil Corp.

+ Kim Langille, CFO @ Clarke Inc., resigned

+ Lyn Kis to Director @ Bellatrix Exploration Ltd.

+ Michael Serruya to Director @ The Second Cup Ltd.

+ Michele Trogni to Director @ Morneau Shepell Inc.

+ Patrick Gottschalk to Director @ Superior Plus Corp.

+ Peter Puccetti, Director @ Westaim Corporation, resigned

+ Petra Decher, CFO @ Potash Ridge Corporation, left the company

+ Richard Clark to Exec. Chairman @ Eagle Energy Inc.

+ Robert Copple to Director @ D-Box Technologies Inc.

+ Roger Dunbar to Sr. VP @ Sonnet Insurance Company

+ Rona Ambrose to Director @ Manulife Financial Corporation

+ Ross Phillips to Interim CFO @ Potash Ridge Corporation

+ Roy Queener to Head, Quorum Canada @ Quorum Software

+ Stephen Cyr to CFO @ Clarke Inc.

+ Sue Riddell Rose to Director @ AltaLink L.P.

+ Wayne Wisniewski to Pres. & CEO @ Eagle Energy Inc.


[please send us your appointment notices  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




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updated August 15, 2017




 TODAY'S HEADLINES


HEADLINES: Boyd bought Concours | CI Financial buying Sentry | Hangingstone started production | Husky buying Wisconsin refinery | PetroWest in receivership | Wilks stocks up on Calfrac + upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

Last week's conversation with Norm Landry, Managing Director @ Lawson Projects

A recent conversation with Karyn Elliott, Principal at Crazy House Staging ...and Albertine Design

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 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



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



CONTACT DAWSCO
 
COFFEE SERVICES



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 ]



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Shell Canada Limited launched a methane detection pilot project at shale gas sites near Rocky Mountain House; to better enable early detection and repair of leaks and emissions reduction




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http://facilitycalgary.com

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NEWS SUMMARY 
 August 8 ~ 15 


+ Air Canada released its list of contenders for Best New Restaurants in Canada; 6 in Alberta – 2 in Calgary, 1 in Airdrie

+ Boyd Autobody & Glass expanding in Alberta; Body Group Inc. acquired Concours Collision Centres

+ CI Financial Corp. agreed to acquire Sentry Investments Corp. for $780.0 million

+ CNOOC Limited’s Hangingstone oilsands project commenced production

+ current energy prices – live link to current Bloomberg energy prices; crude prices soft as OPEC and U.S. crude output grew while Chinese demand softened; meanwhile questionable stability of supply in Venezuela, Libya and Nigeria have traders nervous …

+ Gibson Energy Inc. under pressure from activist shareholder to sell assets or the company; tic toc …

+ Husky Energy agreed to acquire a 50,000 bbl/day refinery in Superior, Wisconsin for US$435.0 million from Calumet Specialty Products Partners

+ Industrial Alliance and Financial Services Inc. closed its acquisition of HolllisWealth from Scotiabank

+ Japan Petroleum Exploration Co. announced it will not re-start it’s oilsands pilot project

+ Kontrol Energy Corp. closed its $2.23 million acquisition of Efficiency Engineering Inc.

+ Pengrowth Energy Corporation closed its $300.0 million sale of Olds/Garrington area assets

+ PentaNova Energy Corp. closed its acquisition of Patagonia Oil Corp.

+ Petrowest Corporation has voluntarily entered receivership; Ernst & Young to be appointed today

+ rig counts: Canadian count up 3 to 220; full breakdown

+ Wilks Brothers LLC have been making some news; they’ve been buying more of Calfrac Well Services Ltd. – now holding or controlling 14.46% …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Allied Properties REIT is on the market to raise $270.0 million in equity

+ Alterra Power Corp. closed US$19.9 million debt financing

+ Hydro One Limited closed $1.54 billion convertible debt financing

+ Painted Pony Energy Ltd. secured $150.0 million in sr. unsecured debt

+ Painted Pony Energy Ltd. securd $50.0 million in convertible sub. debt

+ Pembina Pipeline Corporation is on the market to raise $600.0 million in sr. unsecured debt

+ Posera Ltd. closed $450,000.0 equity financing by private placement

+ Restaurant Brands International Inc. is on the market to raise $1.3 billion in sr. secured debt

+ The Second Cup Ltd. closed $8.0 million shares for debt financing




 QUOTES

+ Behold the turtle. He makes progress only when he sticks his neck out. – James Conant

+ Worrying does not empty tomorrow of its troubles, it empties today of its strength. – Corrie Ten Boom




 this week in REITS 


+ Allied Properties REIT is on the market to raise $270.0 million in equity

+ Summit Industrial Income REIT agreed to acquired 116,818 sq. ft. building in Oakville, ON for $15.3 million




 INFRASTRUCTURE / P3  


+ Calgary’s $78.0 million Macleod Trail & 162nd Avenue interchange is substantially completed and open; 100,000 cars a day (including this editor en-route to the gym each morning) and Shawnessy and Sundance residents and businesses can relax after a multi-year construction maze bottleneck …

+ Calgary Ring Road – the SW section construction is underway but not without hiccups; approval of a bridge and wetland modification is being challenged at the Alberta Environment Appeals Boars, so until that is resolved (expected ruling later this week) construction of that one bridge portion has been put on hold …




INTERESTING REAL ESTATE NEWS, other places


+ Blackstone Real Estate Partners Europe V agreed to acquire a majority state (US$35.2 billion) in the real estate portfolio of Madrid’s Banco Popular S.A.

+ PSP Investments and Macquarie Infrastructure & Real Assets bought South Australian’s land registry business for $1.6 billion; they formed a JV to run it called Land Services SA




 SHAREHOLDER MEETINGS

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

+ Sept. 7; BIOX Corporation, Special Meeting of Shareholders, Toronto

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


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



 SAVE THE DATE / upcoming events

+ 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 ]



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this site last updated May 6, 2025