FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP

SHAKERS AND MOVERS 
appointments and disappointments 

+ Bill Kurceba to Bus. Dev. Exec. @ Arthur J. Gallagher Insurance

+ Brett Greiner to Strategic Relationship Mgr. @ Carbon Graphics Group

+ Brock Bullock to Executive Chair @ Boyd Group Income Fund

+ Camilo Lyon to Director @ RYU Apparel Inc.

+ Chris Wigle to VP Leasing & Marketing @ STELCO

+ Craig De Pratto to CFO @ Sleep Country Canada Holdings Inc.

+ Daniel Fourniet, CEO @ Ivanhoé Cambridge, retiring

+ Dustin Hoffman to COO @ Pipestone Energy Corp.

+ Dwight Clink to Commercial Account Exec. @ PrimeOne Insurance Services Ltd.

+ Gordon Vollmer to Pres. @ Camreal European Management Inc.

+ Grier Colter to CFO & Exec. VP @ Morneau Shepell Inc.

+ Jagneet Malhotra to CEO @ Mansha Financial

+ John Abrams to Pres. & CEO @ Venzee Technologies Inc.

+ Kevin Weir to Managing Dir., Canadian Mortgage Investments @ QuadReal

+ Kim Wilkinson to Director of Recruitment @ Verve Recruitment Group Ltd.

+ Kyle Preston to VP Investor Relations @ Vermilion Energy

+ Nathalie Palladitcheff to CEO @ Ivanhoé Cambridge

+ Marilyn Boucher to CFO @ TerraVest Industries Inc.

+ Mark Asberg to CEO, Public Libraries @ City of Calgary

+ Mary Dalimonte to Director @ Giant Tiger Stores Limited

+ Neil Jones to Exec. VP, Attractions @ Canada Lands Company

+ Nolan Shouldice to Sr. Associate @ Dentons

+ Paul Wood to Pres. & COO @ Giant Tiger Stores Limited

+ Scott Miligan to CCO & Exec. VP @ Morneau Shepell Inc.

+ Sylvie Normandeau to VP Human Resources @ Seaspan ULC

+ Tim O’Day to Pres. & COO @ Boyd Group Income Fund

+ Trish Josephs to VP Bus. Dev. @ MgO Systems Ltd.

~

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




 MEMORIAM  

+ Tricia Antonini, Accountant with PWC, Charter Professional Accountants Fellow; 44




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ HR underappreciated – survey results

+ office friendships are vital




 QUOTES 

+ I see you. Three simple words we all crave to feel. – Orly Wahba

+ You must always be able to predict what’s next and then have the flexibility to evolve. – Marc Benioff




 KUDOS 

+ to Bill Ptacek, CEO of Calgary Libraries who has just stepped down/retired for health reasons; congrats on great work – Calgary owes you its gratitude




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 SAVE THE DATE / upcoming events

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

+ Sept. 4; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

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

+ Sept. 14; Cerebral Palsy Association, Life Without Limits Challenge, Rotary Challenger Park, Calgary; info/register

+ Sept. 17; Networking 2.0 Public Session 2019, Hotel Blackfoot, Calgary; info/register

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

+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Sept. 23-26; 2019 IREM Global Summit, Hilton Union Square, San Francisco; info/register

+ Sept. 25-26; Artificial Lift & Production Optimization, Western Canada 2019, Blackfoot Inn, Calgary; info/register

+ Sept. 25-26; Waterpower Canada Conference, Montreal; info/register

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

+ Oct. 9; Energy Council’s 2019 Energy Person of the Year Award Dinner, Westin Hotel, Calgary; sponsor info/tickets

+ Oct. 17-18; 10th Annual Connect Event / United Way of Calgary and Area, Carriage House Inn, Calgary; info/register

+ Oct. 21; tentative date, Federal Election – everywhere; Elections Canada are recommending staying with this date even though it conflicts with Shemini Atzeret Jewish holiday … tic toc

+ Oct. 21-25; Forests of Opportunity, 2019 SFI Annual Conference, Richmond, VA; info/register

+ Nov. 1; Stantec presents the 5th Annual Peter Burgener Memorial Charity Concert, Barney Bentall and The Cariboo Express in support of Classroom Champions, Bella Concert Hall at MRU, Calgary … save the date; register for RSVP Invitations

 + Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

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

+ Nov. 19-21; ISSA Show North America 2019, Las Vegas, NV; info/register

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


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



 SHAREHOLDER MEETINGS

+ Aug. 21; The Wawanesa Life Insurance Company, Special Meeting of Shareholders and Policyholders, Winnipeg

+ Aug. 23; theScore Inc., Shareholder Meeting, Toronto

+ Sept. 17; Calgary Council of Voluntary Organizations (CCVO), Annual General Meeting, Calgary

+ Oct. 3; Great-West Life Assurance Company, London Life Insurance Company and Canada Life et al, Special Meeting to approve amalgamation, Winnipeg

~

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




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  


 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Brookfield bets big on mortgage insurance | GOA shakes up boards | Husky Hibernia re-start | Intact acquisitions | Koch sale | Networking 2.0 + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings


this  site refreshed with a new issue every Tuesday


current week data ~ updated August 20, 2019


Editor/Publisher: Mark Kolke



CONVERSATIONS

A recent conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network

A recent conversation with Neil Camarta, Pres. & CEO @ Field Upgrading and former Sr. VP Oilsands @ Suncor and Royal Dutch Shell

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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



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



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



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



CONTACT US
SALES COACHING



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



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



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.



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





↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 August 13 ~ 20 


+ Bonterra Energy Corp. reported a 250 barrel spill into Washout Creek from a pipe rupture near Drayton Valley caused by flood-caused a creek bank collapse; containment actions in place, cleanup expected to take three weeks

+ Brookfield Business Partners L.P. agreed to acquired 57% of Genworth MI Canada Inc. for $2.4 billion  from Genworth Canada

+ Calgary City Council taking new approach to release of documents: check out the site

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com;  prices slipped this week on concerns over recession risk, U.S. crude inventories up

+ Exxon Mobil reported to be considering an exit from the UK North Sea

+ Fiera Capital Corporation closed its acquisition of Foresters Asset Management Inc.

+ Government of Alberta appointing new heads of boards across the spectrum of industry, health and education and rescinded lots of Notley gov’t appointees; scroll the notices

+ Husky Energy Inc. announced it is resuming production at its shut-in operations in the White Rose field – restarting after last year’s spill; full production expected within a week

+ Intact Financial Corporation agreed to acquire\d The Guarantee Company of North America and Frank Cowan Company Limited for $1.0 billion

+ Koch Industries sold some of its prime oilsands properties to Paramount Resources Ltd. for an undisclosed sum and surrendered the rest of them to the province

+ Networking 2.0: A guide to Successful Networking for Introverts and Extroverts – registration now open

+ Pattern Energy Group Inc. announced it is in discussions with someone about something in response to regulator queries … tic toc

+ Pipestone Energy Corp. closed its sale of midstream assets to Tidewater Midstream and Infrastructure Ltd.

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 1 to 935 this week; Canada: up 2 to 142 this week; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Appnovation closed $15.0 million equity financing

+ Bespoke Capital Acquisition Corp. closed US$350.0 million equity financing by IPO

+ Export Development Canada is on the market to raise $500.0 million in debt (Green Bond issue)

+ Intact Financial Corporation is on the market to raise $401.0 million in equity

+ Petro-Victory Energy Corp. is on the market to raise $700,000.0 in equity

+ PRO REIT closed $57.6 million equity financing

+ Sun Life Financial Inc. closed $750.0 million unsecured sub debt/sustainability bond

+ WELL Health Technologies Corp. closed $15,007,500.0 equity financing

~

*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 …




 INFRASTRUCTURE / P3  


+ CPPIB acquired 10.01% of 407 International Inc. (Ontario’s Highway 407 system) for $3.0 billion from SNC-Lavalin Group Inc. to now hold 50.01%

+ Richard White’s extensive article on pros v. cons of GreenLine LRT … former transit planners he interviews have contrary views to the direction Calgary Council is going; a good read




 CONSTRUCTION NEWS + INNOVATION 

+ Infrastructure Bank to finance new terminal in Port of Montreal

+ laminate timber v. concrete




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Brookfield Property Partners agreed to acquired Aveo Group, an Australian retirement community manager for $1.1 billion

+ in Edmonton, Manulife Investment Management and Panattoni Development Company are doing a JV development; 148 acre parcel in Fulton Creek Business Park; build-to-suit , 1.5 million sq. ft. targeted

+ in Japan, Anbang insurance has put their $3.0 billion residential portfolio on the market for sale

+ in Ottawa, Crown Realty Partners acquired Carling Executive Park for $56.5 million from QuadReal




 INTERESTING TRENDS IN RETAIL 


+ the battle for HBC is heating up; Catalyst Capital Group Inc. has secured 10.05% of HBC for $187.0 million in bid to block takeover bid from CEO Richard Baker … tic toc




 INTERESTING TRENDS IN INDUSTRIAL REAL ESTATE 


+ Highline Mushrooms are building a $20.0 million expansion of its facilities at Crossfield

+ solar powered data center in the Arizona desert goes off grid




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ IWG is not offering franchise opportunities for its Regus and Spaces products; this is a switch from opening new corporate locations – not doubt a defensive posture in the face of competition from WeWork and its imitators …




 this week in REITS 


+ BTB REIT sold a retail property in Jonquiere, QC for $4.4 million

+ PRO REIT closed $57.6 million equity financing




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Aug. 21; NASCA (Northern Alberta Shopping Centre Assoc.) Charity Tournament in support of KidSport Edmonton, Belvedere Golf and Country Club, Sherwood Park; info/register

+ Aug. 22; BILD Calgary 2019 Industry Charity Tournament, Priddis Greens, Priddis; info/register

+ Aug. 29; Urban Measure Invitational for Cystic Fibrosis, Inglewood Golf & Curling Club, Calgary; info/register

+ 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

+ Sept. 19; Basecamp Resorts/Murrieta’s 1st Annual Charity Golf Tournament, Stewart Creek, Canmore; info/register

~

[please send your charity golf event 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