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FACILITYCalgary May 6/25

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 THIS WEEK - NEWS SUMMARY 

  July 31 ~ August 6, 2024 


 
                                                                                                    

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BennettJones.com

 


 
ROCKY VIEW COUNTY
Business & Economic Development

 


 
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Visit: https://falkbuilt.com/
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DIGITAL COMPONENT CONSTRUCTION

 


 
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OFFICE MOVERS

 


 
A message from FACILITYCalgary publisher Mark Kolke.
We are pleased to celebrate our relationship with iGIFTsight - a Calgary-based Canadian charity with a Canada-wide mission; if you've not heard about iGIFTsight, we urge you to invest a few moments of your time - click on a link to the site. You'll learn there is an unmet need for vision service in our communities. Getting eye exams, treatment, glasses and other corrective actions is something most of us take for granted as something we have funds or a benefit program, or that services are available where we live. This is made worse when families are already stretched so very far. If you can help, please consider helping in any that you can.

 


 
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PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES

 
                                                                

  NEWS THIS WEEK  


+ a lot will be said about what happened last Friday; and whether or not there is a long-term story remains to be seen – and it’s a US presidential election year, and those are always a little crazy; but it’s not the announcement of ‘what Warren Buffett’ did in the last quarter that started the global markets sell-off over the weekend. The culprit was Claudia Sahn, for whom the ‘Sahn Rule’ is named:  the rule holds that a recession is already underway if the unemployment rate's three-month moving average rises half a percentage point from its low of the past year – which it did last Friday’s jobless numbers indicated which will, as it often does, play out differently in the U.S. … but not usually by much

+ Calgary Green Line; Green Line decisions came last week – a bigger budget, fewer stations and a shorter line …

+ Canadian Red Cross appealing for help to assist people impacted by Alberta Wildfires

+ Chevron Corporation is moving it’s headquarters to Texas from California after 140 years due to regulatory policy issues

+ Chilcotin River landslide blockage in northern B.C. that was threatening salmon runs and safety has broken through; the river is flowing freely again – officials expect debris to hit the Fraser River/Vancouver today or tomorrow

+ City of Calgary – water crisis: staying at Stage 1 – water restrictions remain in effect

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$74/bbl; Brent @ US$77/bbl ~ crude prices soften on financial market concerns about a softening U.S. economy

+ fire season 2024 is underway: Alberta wildfire concerns are well founded;   ~ Government of Canada updated its 2024 Wildfire Season forecast ~ 120 fires are active –  119 of those are new/2024 fires – 15 of those are out of control – 14 provincial park closures and a substantial fire in Peter Lougheed Provincial Park caused a partial closure of that park

+ fire season 2024 disruptions/evacuations in the last week: Jasper evacuees are still kept out, but bus tours will allow them to see their homes (paused due to a firefighter fatality);

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ NSTEP news: are you keeping NSTEP? Calgary charity helps kids with great programs on nutrition and exercise – and one of the ways they raise funds (please help!) is the Birdies for Kids program associated with the Rogers (formerly SHAW Classic) PGA Champions Tour/Rogers Charity Classic tournament coming soon; NSTEP is involved again this years – and donations will be matched! Help support this worthy cause and multiply your donation with the help of AltaLink – NSTEP Rogers Birdies for Kids presented by AltaLink

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Pieridae Energy Production Ltd. closed its sale of it’s Golboro asset for $12.0 million

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: down 3 to 586 this week; Canada: up 8 to 219 this week

+ Rubellite Energy Inc. acquired Buffalo Mission Energy Corp. for $97.5 million

+ stock markets experienced large sell-offs yesterday of fears of U.S. recession risk

+ U.S. Presidential Election watch: Kamala Harris who now leads Trump in polls has named her running mate, Governor Tim Walz 




SHAKERS AND MOVERS 
appointments and disappointments 

+ Drew Zieglgansberger, Exec. VP & Chief Commercial Officer @ Cenovus Energy, retired

+ Fareed Khan to Director @ Maple Leaf Foods Inc.

+ Freida Richer to Managing Partner, National Consumer Insolvency @ Grant Thornton Limited

+ Jillian Kennedy to Chief Strategy Officer @ CAAT Pension Plan

+ Joe Sawaged to Canadian Key Account Executive @ FMS Solutions

+ Joshua Heagy to Sr. Director, Turnaround and Restructuring Strategy @ EY

+ Shaun Usmar to CEO @ Vale Base Minerals Ltd.

+ Sonia Baxendale to Director @ Definity Financial Corporation

+ Timothy King to VP, North America @ Nexans

+ Todd Pugsley to VP of Technology and Operations @ Carbonova

+ Trace Cohen to CEO @ Stocksy

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 REMEMBRANCE 

+ Douglas Brokerick, Trail Appliances leader; 65

+ Laverne Bowen-Kruger; active citizen, volunteer and founder of BOWEN Group; 

+ Mel Binder; retired Edmonton school trustee, city council member, lawyer, politician, judge; 87 




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Clio raised US$900.0 million in its latest funding round

+ Euphraxia Pharmaceuticals Inc. is on the market to raise $12.0 million in convertible debt

+ MCF Energy Ltd closed a $4.447 million equity raise by private placement

+ Padlock Euro Storage Fund I closed a £102,700,000 sr. secured debt facility

+ Pieridae Energy Production Ltd. closed a $4.48 million equity raise by private placement

+ Protexxa raised $10.0 million in funding

+ QuadReal Property Group closed a $400.0 million sr. unsecured debt financing

+ Reconnaissance Energy Africa Ltd. closed a $39.0 million equity raise

+ Sabio Holdings Inc. secured a US$10.0 million credit facility

+ SmartCentres REIT closed a $350.0 million sr. unsecured debt financing

+ Worstaff secured $1.6 million funding




 TECHNOLOGY / A I TRENDS 


+  Google lost its antitrust case – a U.S. Federal court judgment found that Google’s monopolist 



 REITs + TRUST NEWS 

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag




 INFRASTRUCTURE + P3 

+ Calgary Green Line; Green Line decisions came last week – a bigger budget, fewer stations and a shorter line …




 INTERESTING TRENDS/NEWS: RETAIL 

+ Fazoli’s plan to enter Canada with ambitions to open 25 locations in Canada; plans for first stores in Alberta in 2025 




 INTERESTING TRENDS/NEWS: MULTI-RES 

+ Canadian multi-family market analysis 2023/2024 from Yardi




 SHAREHOLDER MEETINGS

+ Aug. 9; Canaccord Genuity Group Inc., Annual General Meeting, Toronto

+ Sept. 3; Canadian Western Bank, Special Meeting of Common Shareholders, Edmonton

+ Sept. 9; Datable Technology Corporation, Annual General Meeting, Vancouver

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Aug/ 16 – 18; Rogers Charity Classic/PGA Seniors Tour, Canyon Meadows; tickets/sponsors information tba

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

+ Sept. 18; GDM Golf Charity Classic, Inglewood Golf and Curling Club, Calgary; register

+ Sept. 23; Camp Chief Hector Golf Tournament, Bearspaw Golf Course, Calgary; register

y~ [please send your charity golf event notices to kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ Aug. 8-9; ADSE – Aerospace, Defence & Security Expo, Abbotsford; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 17-19; Info~Tech – Live 2024, The Bellagio, Las Vegas; agenda /

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 1-2; Industrial Decarbonization North America 2024 – Pittsburgh; info/register

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

+ Oct. 24; The Fraser Institute Founders’ Award Dinner – honoring Jon Love, Fairmont Royal York, Toronto; info/tickets

+ Nov. 5-6; 2024 Smart Energy Vancouver, Vancouver – save the date;

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




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this site last updated May 6, 2025