FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



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

+ Alexandre Gagnon, CEO @ Petrolia Inc., stepping down

+ Constance Davis to Property Manager @ MDC Property Services Ltd.

+ Dale Tinevex to VP Operations & COO @ Wasaya

+ Brad Penno to CEO @ PrimeWest Mortgage Investment Corporation

+ Darrell Hollek to EVP Operations @ Anadarko Petroleum Corporation

+ Ernie Leyendecker to EVP International Exploration @ Anadarko Petroleum Corporation

+ Greg Kiraly to COO @ Hydro One Inc.

+ Mary Sagat to Pres. @ Staples Canada

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

+ Peter Brady to Exec. Dir. @ BC Securities Commission

+ Philip Iley to Principal @ Global Infrastructure Partners

+ Sami Siddiqui to Pres @ Tim Hortons Canada

+ Stephen Harper, MP, Calgary Heritage @ Parliament of Canada, resigned


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




 QUOTES

+ The best argument against democracy is a five-minute conversation with the average voter. – Winston Churchill

+ Wise men speak because they have something to say; fools because they have to say something. – Plato 




 KUDOS 

+ to Canadian Pacific, sponsors of LPGA Women’s Open held at Priddis Greens; raised $2.0 million for the Alberta Children’s Hospital pediatric cardiac care and research




BOARDROOM changes, purges, appointments etc.

+ Alexandre Gagnon, Dierctor @ Petolia Inc., stepping down

+ Barbara Klassen, Director @ PrimeWest Mortgage Investment Corporation, resigned

+ David Clanachan to Chairman, Canada @ Restaurant Brands International

+ Matt Heffernan to Director @ BluMetric Environmental Inc.

+ Robert Emri, Director @ Parkit Enterprises Inc., resigned

+ Wilson Olive to Director @ PrimeWest Mortgage Investment Corporation


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




 SHAREHOLDER MEETINGS

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

+ Sept. 6; Export Development Canada, Ottawa

+ 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

+ Nov. 15; Alberta Oilsands Inc., Annual Meeting of Shareholders, 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

+ GOM – Gulf of Mexico

+ 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




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated August 30, 2016




 TODAY'S HEADLINES


NEWS | Alberta deficit | Energy East hearing troubles | Gran Tierra closed purchase | High Arctic buying Tervita div. | Ritchie Bros. buying IronPlanet | Shell offshore divestment | Twin Butte battle + Gitane De Silva 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 Gitane De Silva, Alberta's Senior Representative to the United States of America

Last week's conversation with Dr. Sam Shaw, Pres. @ Yellowhead Tribal College

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



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



 sponsors of this week's issue:

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



e-mail to Sharon Martens
 
INTERIOR DESIGN



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







 SAVE THE DATE / upcoming events

+ 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

+ Oct. 17-19; QUEST2016 Conference and Trade Show, Westin Hotel, Calgary; 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 ]



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 - 2016 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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




NEWS SUMMARY 
 Aug. 23 ~ 30  


+ Alberta government deficit now pegged at $10.9 billion for 2016-17; higher than predicted due to lower revenues and higher costs [i.e.: Fort McMurray wildfires costing about $500 million]

+ Alberta Oilsands Inc. is in a heated battle with one of its shareholders Smoothwater Capital Corporation; issue of a proposed merger and right to nominate directors has erupted into a war of lawyers’ words … tic toc

+ Altura Energy Inc. agreed to acquire a portfolio of east-central Alberta oil assets for $4.0 million

+ Canada’s Natural Resources Minister Jim Carr will provide a keynote address today at Chamber of Commerce event: Energy Policy and the Economy of Tomorrow

+ Cathedral Energy Services commenced a strategic review process

+ Centron Group have buttoned-up their Place 10 project with hoarding and covering exposed concrete and re-bar to withstand winter weather as the project is now stopped pending further leasing …

+ current energy prices – live link to Bloomberg energy prices; crude prices jumped sharply Aug. 23, then softened some more with Monday trading of WTI in the US$47/bbl range ~ and hopes for an OPEC production freeze later this month are waning; meanwhile, a tropical depression in the Gulf of Mexico (GOM) may be upgraded to hurricane status which might curtail some production and impact spot prices

+ Energy East hearings in Montreal disrupted/delayed by protestors invading the hearing room; today’s scheduled session is postponed …

+ Fort Mac follow up: 439 fire-damaged homes approved for re-entry his week; 242 are still too contaminated by ash and fire residue

+ Gran Tierra Energy Inc. closed its $525 million acquisition of PetroLatina Energy Ltd.

+ High Arctic Energy Services Inc. agreed to acquire the production services div. of Tervita Corp. for $42.8 million; 300 associated employees will join High Arctic

+ Horizon North Logistics Inc. closed its $44.5 million acquisition of Empire Camp Equipment Ltd.

+ National Music Centre in dust-up with contractors; $4.1 million lien claim by CANA Construction and smaller claims by others; looks like some folks need to sit down for a lunch and figure it out …

+ Ritchie Bros. agreed to acquired IronPlanet for US$758.5 million

+ Shell Offshore Inc. agreed to sell a package of GOM assets to EnVen Energy Corporation affiliate for US$425 million plus royalty interests

+ Toro Oil & Gas Ltd. engaged advisors to sell non-core oil and natural gas assets

+ Twin Butte Energy Ltd.’s proposed combination with Resources Holding Pte. Ltd. got shareholder approval but was not approved by debenture holders – so discussions continue … tic toc

+ Virginia Hills Oil Corp. initiated a strategic alternatives review process …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Automotive Properties REIT is on the market to raise $35 million in equity

+ BIOX Corporation secured $1.8 million credit facility
+ Canada Mortgage and Housing Corp. closed $5.25 billion in bond financings

+ Cargojet Inc. is on the market to raise $115 million in convertible unsecured sub. debt

+ Parkland Fuel Corporation is on the market to raise $300 million in sr. unsecured debt

+ RioCan REIT closed $250 million sr. unsecured debt financing

+ Spartan Energy Corp. closed $80.8 million equity financing

+ TD Bank Group is on the market to raise $1.0 billion by a preferred share issue

+ True North Commercial REIT closed $33.0 million equity financing

+ Urban Communications Inc. closed $1,378,000 equity financing




 OIL SANDS AND 
HEAVY OIL NEWS 

+ Alberta Oilsands Inc. is in a heated battle with one of its shareholders Smoothwater Capital Corporation; issue of a proposed merger and right to nominate directors has erupted into a war of lawyers’ words … tic toc

+ GOA in introducing new standards (they will step up monitoring) for SAGD/in-situ oil sands facilities for release of toxic elements into water and air which go beyond the requirements for open-pit mines




 this week in REITS 


+ Automotive Properties REIT is on the market to raise $35 million in equity

+ RioCan REIT closed $250 million sr. unsecured debt financing

+ Summit Industrial Income REIT agreed to acquire 210,727 sq. ft. building in London, ON for $16.6 million

+ True North Commercial REIT closed its $10.5 million acquisition of 5900 Explorer Dr., Mississauga; 40,000 sq. ft. office property

+ True North Commercial REIT closed $33.0 million equity financing




 INFRASTRUCTURE / P3  


+ Plenary Health selected to design, build, finance and maintain the new Mackenzie Vaughan Hospital




INTERESTING REAL ESTATE NEWS, other places


+  Ivanhoé Cambridge is investing $72 million to expand and redevelop Mayfair Shopping Centre, in Victoria, BC; will expand from 454,000 sq. ft. to 554,000 sq. ft., with completion slated for fall 2018




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ G20 Summit in China will likely produce announcements on ratifications of COP21 Paris Accord




 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 ]



 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