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FACILITYCalgary June21/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Anand Samuel, Director @ Sears Canada Inc., resigned

+ Barry Hrehirchuk to CFO @ Vencomatic North America

+ Beth Newlands Campbell to Pres., Rexall Drugstore @ Rexall Pharmacy Group Ltd.

+ Bruce Sherley to Acting CEO @ Eurogas International Inc.

+ Charles Hazen to Pres. @ Transwestern Investment Group

+ Cynthia Morton to CEO @ Canadian Partnership Against Cancer

+ Dan Barclay to Co-Head, Global Investments & Corporate Banking @ BMO Capital Markets

+ David Wilson, Director @ Economical Insurance, retired

+ Don Maloney to VP Hockey Operations @ Calgary Flames

+ Jay Forbes to Director @ Economical Insurance

+ Jeff Swainson, CFO & Corporate Secretary @ Blackbird Energy Inc., resigned

+ Michelle Morissette to Sr. Project Mgr. @ KENNEDY

+ Mike Pederson to Director @ CGI Group Inc.

+ Patrick Yeghnazar to CEO & Director @ Petro-Victory Energy Corp.

+ Paul Trudel to VP People and Culture @ EllisDon

+ Peter Myers to Co-Head, Global Investments & Corporate Banking @ BMO Capital Markets

+ Richard Lane to COO @ Petro-Victory Energy Corp.

+ Richard Paterson to Director @ Teekay Tankers Ltd.

+ Ron Schmitz to Interim CFO @ Blackbird Energy Inc.

+ Stephanie Sterling to Director @ Cardinal Energy Ltd.

+ Stephen Bolze to Sr. Managing Dir./Head Portfolio Operations and Asset Management, Infrastructure @ Blackstone

+ Toni-Marie Ion-Brown to Gen. Mgr. @ Calgary Petroleum Club


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




IN MEMORIAM

+ Jeff Brotman, founder @ Costco, died

+ Rick George, oil patch icon, author – Chairman @ Obsidian Energy Ltd. and former CEO @ Suncor Energy, died [I interviewed Rick briefly several years ago]




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ 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

+ 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

+ 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

+ 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

+ 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




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updated August 8, 2017




 TODAY'S HEADLINES


HEADLINES: Birchcliff asset sale | KeystoneXL in court | Secure acquires Ceiba | Shaw sells ViaWest | Superior closes acquisitions + Norm Landry interview  upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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CONVERSATIONS

This week's conversation with Norm Landry, Managing Director @ Lawson Projects

Last week's conversation with Karyn Elliott, Principal at Crazy House Staging ...and Albertine Design

A recent conversation with Ian Morrison, Financial Advisor and Manager of Cross-border Investments at Raymond James

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



 sponsors of this week's issue:

CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Aug. 15-17; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ U.S. Trump administration holding back release of DRAFT climate change report



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NEWS SUMMARY 
 August 1 ~ 8 


+ Birchcliff Energy Ltd. agreed to a series of asset sales, in aggregate, $142.0 million

+ Cenovus Energy Inc. reported close to a deal to sell its Pelican Lake heavy oil project – CNRL and ARC Financial are lead bidders, and multiple bidders for its midstream assets … tic toc

+ current energy prices – live link to current Bloomberg energy prices; crude still wiggling around under US$50/bbl

+ Enbridge began construction on its Line 3 Pipeline replacement project – Hardisty to Wisconsin

+ Keystone XL Pipeline faces another, possibly its last, hurdle this week in Nebraska courtroom …

+ Secure Energy Services Inc. completed its $37.0 million acquisition of Ceiba Energy Services Inc.

+ Shaw Communications Inc. closed is US$1.675 billion sale of ViaWest Inc. to Peak 10 Holding Corporation

+ Superior Plus Corp. closed its acquisition of Yankee Propane Inc. and Virginia Propane Inc. for US$31.5 million

+ Warren Buffet’s Berkshire Hathaway are rumoured to be in the hunt for more Canadian investments … tic toc

+ weekly rig counts: western Canadian fleet down 3 to 217; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Canaccord Genuity Acquisition Corp. closed $30.0 million IPO equity financing

+ Kinder Morgan Canada Limited is on the market to raise $300.0 million by a preferred share issue

+ PentaNova Energy Corp. closed $16.5 million equity financing

+ Posera Ltd. Closed $2.4 million equity financing by private placement

+ Raging River Exploration Inc. secured $500.0 million credit facility

+ Teekay Offshore Partners L.P. closed US$250.0 million sr. unsecured debt financing

+ Trident Exploration Corp. secured $60.0 million in credit facilities




 QUOTES

+ A poem begins as a lump in the throat, a sense of wrong, a homesickness, a lovesickness. – Robert Frost

+ Summer afternoon, summer afternoon; to me those have always been the two most beautiful words in the English language. – Henry James




 CONSTRUCTION NEWS + INNOVATION 

+ world’s longest pedestrian suspension bridge crosses Swiss valley




 this week in REITS 


+ BTB REIT acquired at retail property in St-Hubert, QB for $23.2 million

+ Northview Apartment REIT closed the sale of a non-core hotel asset in Iqualuit, NU for $14.9 million

+ Northview Apartment REIT closed the purchase of 327 unit property in Moncton, NB for $31.4 million

+ SmartREIT and Strathallen Acquisitions Inc. agreed to acquire OneREIT and its properties for $1.1 billion




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario and Metrolinx issued an RFQ for an improvement project for GO stations




 CORPORATE RESPONSIBILITY REPORTS 


+ Canadian Pacific released its 2016 corporate sustainability report




INTERESTING REAL ESTATE NEWS, other places


+ Montrose Property Holdings is commencing development of Richmond Industrial Centre; 2.8 million sq. ft. of logistics warehouses for lease on a 170 acre site … expecting a 10 yr. build-out

+ Morguard Corporation acquired 123 Commerce Valley Dr. East in Markham, ON; 8-storey, Class A (203,500 sq. ft.) for $66.5 million

+ Starlight U.S. Multi-Family (No. 5) Core Fund agreed to acquire Copperfield Apartments (288 units) in Nashville, TC for US$48.0 million




 SHAREHOLDER MEETINGS

+ Aug. 15; Questfire Energy Corp., Annual and Special Meeting, Calgary

+ Sept. 12; Home Capital Group Inc., Special Meeting of Shareholders, Toronto


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



 SAVE THE DATE / upcoming events

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

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

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

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


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



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