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FACILITYCalgary June21/22

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SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Brian Wallner to Pres. & CEO @ Parkit Enterprises Ltd.

+ Dr. Neil Fassina to Pres. @ Athabasca University

+ Ed Crowther retired former partner @ Reid Crowther & Partners Limited, died

+ Eileen Stan to VP Development @ Matco Development Corp.

+ Greg Kiraly to COO @ Hydro One Ltd.

+ Greg Vavra to Exec. VP Bus. Dev. @ Manitok Energy Inc.

+ Julie Lalonde to Head of Retail Markets and Strategic Investment Partnerships @ Fiera Capital Corporation

+ Leigh-Ann Kask to CFO & Corporate Secretary @ Grandfield Pacific Inc.

+ Michael Rencheck to Pres. & CEO @ Bruce Power

+ Nigel Kirkwood to CFO @ Parkit Enterprises Ltd.

+ Patrick Bieleny to Pres. & CEO @ Western Financial Group

+ Paul Casey, CFO @ TerraVest Capital Inc., left the company

+ Paul Barry to Exec. VP Strategy & Corp. Dev. @ Hydro One Ltd.

+ Richard Kilpatrick to VP Exploration @ Margaux Resources Ltd.

+ Sam Mark to Pres. & CEO @ Grandfield Pacific Inc.

+ Stephen Harrington to Director, Real Estate Portfolio @ Insurance Corporation of British Columbia

+ Tony Buchanon to CEO @ Crestone Peak Resources 


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




 QUOTES

+ People don’t notice whether it’s winter or summer when they’re happy. – Anton Chekhov

+ There is nothing like a dream to create the future. – Victor Hugo




BOARDROOM changes, purges, appointments etc.

+ Brad Cutsey to Trustee and Audit Committee Chair @ Edgefront REIT

+ Dwayne Dahl to Director @ Gensource Potash Corporation

+ Ken Mullen to Director @ Manitok Energy Inc.

+ Robert Dickson, Trustee @ Edgefront REIT, stepped down

+ Sam Mark to Director @ Grandfield Pacific Inc.


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




 SHAREHOLDER MEETINGS

+ Aug. 26; Karnalyte Resources Inc., Annual Meeting of Shareholders, Saskatoon

+ Aug. 26; Forent Energy Ltd., Annual General and Special Meeting, Calgary

+ Aug. 26; PRD Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Aug. 29; Twin Butte Energy Ltd., Annual and Special Meeting of Security Holders, Calgary

+ Aug. 30; Antrim Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Sept. 8; Arsenal Energy Inc., Security Holders Meeting, Calgary

+ Sept. 8; Lone Pine Resources Canada Ltd., Security Holders Meeting, Calgary

+ Sept. 12; Calgary Chamber of Voluntary Organizations, Calgary

+ Sept. 15; Lightstream Resources Ltd., Special Meeting of Shareholders, Secured Noteholders  and Unsecured Noteholders to consider recapitalization transaction, Calgary


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



  GLOSSARY 

+ 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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ 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

+ 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

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – Calgary International Airport




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updated August 23, 2016




 TODAY'S HEADLINES


NEWS | Bluesky closed InnVEST REIT purchase | Manitok closes Raimount buy | Paramount asset sale to Seven Generations closed | Parkland Fuel huge acquisition + Sam Shaw interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financing$ + charity golf tournaments 




CONVERSATIONS

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 Dr. Sam Shaw, Pres. @ Yellowhead Tribal College

Last week's conversation with Cheryl Bernard Olympian Curler Silver Medalst and Broadcaster

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



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 sponsors of this week's issue:

e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
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 







 SAVE THE DATE / upcoming events

+ Aug. 27; 12-stop Ride For Recovery Motorcycle Road Rally, Fresh Start Recovery; info/register/ride/donate

+ Sept. 3 – 4; 26th Annual Canmore Highland Games, Canmore; info/tickets

+ Sept. 6 - 9; World Heavy Oil Congress, Stampede Park, Calgary; info/registration

+ Sept. 8; Rea;REIT Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 15; Merit Contractors Association – 30th Anniversary Gala, Edmonton; info/tickets

+ Sept. 20-22; BOMEX/BOMA Canada's National Conference & Exhibition, Regina; info/register

+ Sept. 22-25; 2016 Calgary Home + Design Show, BMO Centre, Stampede Park, Calgary info/register

+ Oct. 4-5; CanWeld 2016, Edmonton Northlands, Edmonton

+ Oct. 9-13; 23rd World Energy Congress, Istanbul, Turkey; info/register

+ Nov. 1-2; PetroChem Canada 2016, Shaw Conference Centre, Edmonton; info/register

+ Nov. 9-10; BUILDEX Calgary, BMO Centre, Stampede Park, Calgary; info/register/sponsor

+ Nov. 14-15; Platts 20th Annual Mexican Energy Conference, Mexico City; info/register

+ Nov. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

2017

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

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

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


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



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NEWS SUMMARY 
 Aug. 16 ~ 23  


+ Alberta land sale on Aug. 17th netted $10.2 million for GOA; down a bit from $11.4 million Aug. 3rd

+ Alberta Oilsands Inc. and Marquee Energy announced plans to create a new company together to focus on light oil at Michichi near the Fort McMurray airport; a SAGD project; Smoothwater Capital Corporation, a significant shareholder of Albert Oilsands Inc. oppose the deal … tic toc

+ Alimentation Couche-Tard Inc. acquired CST Brands Inc. for US$4.4 billion

+ Bluesky Hotesl and Resorts Inc. closed its $974.5 million acquisition of InnVest REIT

+ current energy prices – live link to Bloomberg energy prices; crude and natural gas prices down-ticking after climbing over US$50/bbl last week; traders are anxious over glut v. unrest in Nigeria and Venezuela v. OPEC meeting next month; uncertainty of supply into the market by Libya and Iran add to the malaise … tic toc

+ EPCOR Water (USA) Inc. closed its US$71 million acquisition of 130 Pipeline Project, a 53-mile water supply service in Austin, TX

+ Loblaw Companies Limited agreed to acquire QHR Corporation for $170 million

+ Manitok Energy Inc. closed its acquisition of Raimount Energy Inc.

+ Paramount Resources Ltd. closed sale of Musrea/Kakwa asset portfolio to Seven Generations Energy Ltd.; $230 million transaction value

+ Parkland Fuel Corporation agreed to acquire the  Canadian assets and business of CST Brands Inc. from Alimentation Couche-Tard Inc. for $965 million; Parkland will add more than 490 sites, mostly in eastern Canada

+ Perisson Petroleum Corporation completed its acquisition of Twining Oil and Gas

+ Tashen is done; luggage stores are in liquation; Calgary, Toronto and Montreal inventories being liquidated out of two Toronto locations




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Allied Properties REIT closed $230,173,650 equity financing

+ Enerflex Ltd. is on the market to raise $100 million in equity

+ First Capital Realty Inc. closed $173 million equity financing

+ Gunvor Petroleum Rotterdam BV closed US$200 million debt financing

+ Howard Energy Partners closed US$300 million equity financing

+ Inter Pipeline Ltd. closed $600 million equity financing

+ Seven Generations Energy Ltd. secured $1.1 billion credit facility

+ Slate Office REIT is on the market to raise $50 million in equity

+ TORC Oil & Gas Ltd. closed $111.3 million in equity financings

+ Trez Capital Finance Fund VI LP closed $110 million capital raise

+ True North Commercial REIT closed $30.0 million equity financing

+ Westcoast Energy Inc. is on the market to raise $300 million by a preferred share issue

+ 49 North Resources Inc. closed $1.0 million equity financing




 OIL SANDS AND 
HEAVY OIL NEWS 

+ Alberta Oilsands Inc. and Marquee Energy announced plans to create a new company together to focus on light oil at Michichi near the Fort McMurray airport; a SAGD project; Smoothwater Capital Corporation, a significant shareholder of Albert Oilsands Inc. oppose the deal … tic toc




 this week in REITS 


+ Allied Properties REIT closed $230,173,650 equity financing

+ Bluesky Hotesl and Resorts Inc. closed its $974.5 million acquisition of InnVest REIT

+ Brad Cutsey to Trustee and Audit Committee Chair @ Edgefront REIT

+ Pure Multi-Family REIT LP is internalizing management effective Sept. 1/16

+ Robert Dickson, Trustee @ Edgefront REIT, stepped down

+ Slate Office REIT agreed to acquire a multi-tenant office building in Winnipeg for $12.25 million

+ Slate Office REIT is on the market to raise $50 million in equity

+ True North Commercial REIT closed $30.0 million equity financing




 INFRASTRUCTURE / P3  


+ Brookfield Asset Management agreed to acquire Gropo Odebrecht’s 70% interest in Odebrecht Ambiental, a water and sewage concern in Brazil for US$1.65 billion

+ EPCOR Water (USA) Inc. closed its US$71 million acquisition of 130 Pipeline Project, a 53-mile water supply service in Austin, TX 




INTERESTING REAL ESTATE NEWS, other places


+ CadillacFairview div. of Ontario Teachers’ Pension Plan is looking to raise $2 billion from a sale of a minority stake in its Vancouver portfolio (office towers and shopping malls)

+ Macy’s, the U.S. department store chain announced it will close 100 stores in early 2017 (about 15% of its properties) due to slumping sales in brick-and-mortar retailing; sale proceeds will be used to upgrade stores and build better digital platforms




 KUDOS 

+ to Canada’s entire Olympic team’s performance in Rio; they went to the summer games, bested Canada’s previous best performance. No scandals, no controversies – just performance!




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ B.C. taking a stand-still approach on climate change




 CHARITY GOLF TOURNAMENTS 

+ Aug. 31; 21st Annual Scotiabank Charity Golf Classic, Heritage Pointe, Calgary; info/register

+ Aug. 31 – Sept. 4; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; info/tickets

+ Sept. 12; TMX - 3rd Annual Golden Bull Charity Golf Classic, Valley Ridge Golf Club, Calgary; info/sponsor/register

+ Sept. 12; Sand Trapped, Charity Golf Classic, Miskanaw Golf Club, Mac Island, Fort McMurray; info/register

+ Sept. 13; The Kindness Open, Silver Tip Resort, Canmore; info/register/sponsor

+ Sept. 13; 7th Annual Gordon Hoffman Charity Golf Classic, Priddis Greens Golf & Country Club, Priddis; info/register


[send information on charity golf tournaments to:  kolke@facilitycalgary.com ]



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