FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Anne Giardini to Director @ Hydro One Limited

+ Avi Geller to Exec. Dir. @ Parkit Enterprise Inc.

+ Benjamin Smith, Pres. Airlines and COO @ Air Canada, resigned

+ Benjamin Smith to CEO @ Air France-KLM

+ Blair Cowper-Smith to Director @ Hydro One Limited

+ Brian Nichols to Contracts Specialist @ Suncor Energy

+ Brian Wallner, CEO @ Parkit Enterprise Inc., resigned

+ Cherie Brant to Director @ Hydro One Limited

+ Clint Matthews to CFO @ Trez Capital Senior Mortgage Investment Corporation

+ Clint Matthews to CFO @ Trez Capital Mortgage Investment Corporation

+ Corina Farbacher to Exec. VP Governance @ Concentra Bank

+ David Delaney to Director and Exec. Dir. @ Parkit Enterprise Inc.

+ David Hay to Director @ Hydro One Limited

+ Gordon Ho to Bus. Dev., Interior Design @ IBI Group

+ Guy Kerr, Pres. @ Workers’ Compensation Board of Alberta, retiring

+ Jessica McDonald to Director @ Hydro One Limited

+ Jessica McNaughton to Exec. VP, Chief People Officer @ Concentra Bank

+ Jim Stannard to Director @ Surge Energy Inc.

+ Jo Taylor to Exec. Managing Dir., Global Development @ Ontario Teachers’ Pension Plan

+ John Forgeron to HR Director, Gordie Howe Bridge @ Bridging North America Construction [Dragados Canada/Fluor Corp. JV]

+ Lesley Gibson to CFO @ CT REIT

+ Louis Forbes, CFO @ CT REIT, retiring

+ Megan Paterson to Chief Human Relations Officer @ Kinaxis Inc.

+ Melissa Sonberg to Director @ Hydro One Limited

+ Murray Bye to Director @ Surge Energy Inc.

+ Neal Oswald to COO @ Concentra Bank

+ Paul McNutt to Head, U.S. Infrastructure Group @ BMO Nesbitt Burns

+ Paul Verhesen to CEO @ Clark Builders

+ Philippe Sarfati to Exec. VP, Chief Risk Officer @ Concentra Bank

+ Raymond Aronoff to Pres. & CEO @ The Brock Group

+ Richard Deschenes to Chief Development Officer @ Mustard Seed

+ Russel Robertson to Director @ Hydro One Limited

+ Sandra Clarkson to Exec. Dir. @ Calgary Drop-In Centre

+ Shay Assaraf to Chief Marketing Officer @ Optiva Inc.

+ Sue Wildes to International Bus. Dev. Mgr. @ TELUS Convention Centre

+ Tanya Doran to Edmonton Bldgs. Sector Leaders @ Stantec

+ Timothy Hodgson to Director @ Hydro One Limited

+ Tom Woods to Director & Interim Chairman @ Hydro One Limited

+ William Sheffield to Director @ Hydro One Limited

+ Ziad Hindo to Exec. Managing Dir. and Chief Investment Officer @ Ontario Teachers’ Pension Plan


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




 MEMORIAM

+ Bill Gillespie, retired Director, Alberta Municipal Affairs and U of C Senator; 82

+ Dr. Andoor Kelemen, former Pres. @ Royal Alexandra Hospital, Edmonton and founding shareholder or Marmot Basin Ski Lifts; 87

+ Tony Johnson, former journalist, stock broker and financier; 56




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ 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

+ 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

+ 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

+ 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




↓ CLICK TO SIGN-UP ↓ 


CLICK HERE - 

FACILITYCalgary FREE




current week data

this  site is refreshed with a new issue every Tuesday morning


updated August 21, 2018




 TODAY'S HEADLINES


HEADLINES: AKITA Drilling acquisition | Calgary 4th best in the world! | Cuda/Jurex merger | K-country courses | PetroShale acquisition + Eric Friesen interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

This week's conversation with Eric Friesen, Exec. VP @ Cool Green Solutions

A recent conversation with Susan Otterson, Pres. @ ABL Imaging Group

A recent conversation with Trevor Winkler, Regional Managing Partner @ MNP

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: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail to Katherine Robinson, Managing Director

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



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 MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ GOA launched a $215.0 million funding program to support ‘greener’ bus acquisition …




 SAVE THE DATE / upcoming events


+ Sept. 1-2; Canmore Highland Games, Centennial Park, Canmore; info/tickets

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 5; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 25-27; International Pipeline EXPO, Telus Convention Centre, Calgary; info/registration

+ Sept. 6; RealREIT Conference, Metro Toronto Convention Centre, Toronto; program/registratio

+ Oct. 23-25; 2018 CanWEA Annual Conference and Exhibition, BMO Centre, Stampede Park, Calgary; info/registration

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration

+ Nov. 13; Calgary 2026 Winter Olympic Bid Plebiscite – where/when to vote

+ Nov. 28-29; Real Estate Forum, Metro Toronto Convention Centre, info/register

+ Dec. 9-10; 9th Annual Sustainable Innovation Forum 2018/COP24, Katowice, Poland; info/register

~~

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


[send your event 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 - 2018 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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




↓ CLICK TO SIGN-UP ↓ 


CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 August 14 ~ 21 


+ A.P. Moller-Maersk is spinning off its drilling unit as a stand-alone company, concluding a two-year restructuring program ..[i.e., it didn’t sell]; Maersk Drilling will be a separate listing on Nasdaq Copenhagen exchange

+ AKITA Drilling Ltd. and Xtreme Drilling Corp. got shareholder and court approval for their $45.0 million combination transaction; AKITA will acquire all the shares of Xtreme

+ Calgary ranked 4th out of 140 cities in the 2018 Global Liveability Index – Vienna, Melbourne and Osaka are rated higher; 14 page download

+ Cuda Energy Inc. and Junex Inc. completed their combination; to operate at Cuda Oil and Gas Inc.

+ Cuda Oil and Gas Inc. completed its US$37.0 million acquisition of Powder River, Wyoming assets

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices volatile this week notwithstanding concerns about oversupply and trade tremors …

+ Kananaskis Country Golf Courses – BOTH courses now fully re-opened after flood-restoration

+ PetroShale Inc. closed its US$52.6 million acquisition of South Berthold/North Dakota Bakken assets

+ Plains Midstream Canada and SemCAMS announced Open Season for a new Montney liquids pipeline system

+ rig counts: up 3 to 212 this week – click for complete breakdown

+ smoke conditions easing; air quality in Calgary ‘not in the danger zone’ for now; check the air-quality index

+ Trans Mountain got NEB approval to start Edmonton-Kamloops leg of expansion

+ U.S. rig counts: no change … steady at 1,057 – click for complete breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bell Canada is on the market to raise $1.0 billion in medium term debt

+ PetroShale Inc. closed $58.5 million in equity financings


*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 QUOTES 

+ You must expect great things of yourself before you can do them. – Michael Jordon

+ You are note what you do, not what you’ll say you do. – Carl Jung




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ 41% if Canadian employers having trouble filling positions with workers who have the ‘right balance’ of soft and hard skills

+ is your workplace ready for weed legalization?

+ open-concept workplaces means less collaboration, not more – results of a study




 CONSTRUCTION NEWS + INNOVATION 

+ Broccolini started construction on Amazon’s distribution facility in Ottawa, the largest industrial facility in the region; 1.0 million sq. ft. facility will employ 1,500 during construction – and Amazon will use a staff of 650 to run the place




 this week in REITS 


+ Alignvest Student Housing REIT closed its acquisition of Waterloo, ON property (18-story, 455 fully-furnished suites)

+ BTB REIT agreed to sell its property in Longueuil, QC for $5.65

+ Lesley Gibson to CFO @ CT REIT

+ Louis Forbes, CFO @ CT REIT, retiring

+ True North REIT closed its $20.35 million acquisition of an office property in Markham, ON




 CALGARY OLYMPICS 2026 BID WATCH 


+ Calgary 2026 – op-ed piece by Chairman, Scott Hutcheson

+ City commissioned survey results: 53% support a bid, 34% opposed … 13% undecided; key concern seems to be economics

+ next Olympic and Paralympic Games Assessment Committee Meeting – Aug. 21

+ the bid process




 INFRASTRUCTURE / P3  


+ Aecon Group Inc. rejoined the Bridging North America Construction Consortium [Dragados Canada/Fluor Corp. JV] building the Gordie Howe Bridge Project connecting Windsor, ON with Detroit, MI

+ BMO Nesbitt Burns launched a new U.S. power, utilities and infrastructure group; three managing directors in New York has come from the U.S. office or RBC Dominion Securities …

+ Pattern Energy Group Inc. (51%) and PSP Investments (49%) acquired 147MW Mont Sainte-Marguerite Wind power facility

+ PSP Investments (with partner AFF) agreed to acquired agricultural and water assets in Australian from Webster for $126.9 million




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Brookfield Property Partners L.P. announced it will build third/final office tower ($500.0 million/32-storey, 820,000 sq. ft.) of Bay Adelaide Centre, downtown Toronto; Scotiabank has committed to 420,000 sq. ft./15 yrs. as anchor tenant …




 INTERESTING THINGS IN RETAIL 


+ what’s in my coffee? … Second Cup announced a deal with National Access Cannabis – planning to open META locations (branded as Meta Cannabis Supply Co.)




 SHAREHOLDER MEETINGS

+ Aug. 21; Raging River Explorartion Inc., Special Meeting of Shareholders, Calgary

+ Aug. 21; Baytex Energy Corp., Special Meeting of Shareholders, Calgary

+ Sept. 12; GreenSpace Brands Inc., Annual and Special Meeting of Shareholders, Toronto

+ Sept. 19; Calgary Chamber of Voluntary Organizations, Annual General Meeting, Fort Calgary, Calgary


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



 CHARITY GOLF TOURNAMENTS 

+ Aug. 29-Sept. 2; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; tickets/donate

+ Sept. 5-6; Calgary Flames Celebrity Charity Golf Classic, Country Hills Gold Club Calgary and Links of Glen Eagles, Cochrane; info/registration

+ Sept. 7; Calgary Drop-in & Rehab Centre – Kindness Open, Silvertip Resort, Canmore; info/register/sponsor

+ Sept. 16; Give’r FORE Liver Charity Golf Tournament, Fox Hollow Golf Course, Calgary; info/register


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



 SUGGESTIONS / COMMENTS:
 
feedback@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