FACILITYCalgary

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

FACILITYCalgary June28/22

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Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Coreen Calvert , Owner/Manager @ TravelMasters Calgary
 
Last week's conversation with Terri Snow , Account Manager Public Sector @ Gartner and also President at Calgary Council for Advanced Technology 

Archived conversations 



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 SHAREHOLDER MEETINGS

 

+ Sept. 17; Deep Well Oil & Gas Inc. , Shareholder Meeting, Edmonton
+ Sept. 24; Bengal Energy Inc. , Annual Meeting, Calgary
+ Sept. 30; Shoreline Energy Corp. , Annual Meeting, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ Sept. 9; RealREIT Conference , Metro Toronto Convention Centre, Toronto
+ Oct. 14 – 16; Oilsands Symposium, Metropolitan Centre, Calgary info/register
+ Oct. 15; Buildex Express, Vancouver Convention Centre; info/register
+ Oct. 23; Calgary Real Estate Forum , TELUS Convention Centre, Calgary
+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



SHAKERS AND MOVERS moving, retired, resigned, died or got the boot:

 

+ Alison Redford, MLA for Calgary Elbow, resigned
+ Brent Eshleman to COO @ Bellatrix Exploration Ltd.
+ Christine Ezinga to Mgr. Strategy & Planning @ Black Swan Energy Ltd.
+ Graham Sidders to Sr. Operations Mgr. @ Triovest Realty Advisors Inc.
+ James Hill CEO @ GASFRAC Energy Services Inc., resigned
+ John Blair to CEO, U.S. Business @ Rose Petroleum
+ John Hennessey to Pres. & COO @ CNA Financial Corporation
+ Jorge Ordonez to CFO @ Detechtion Technologies
+ Mark Stephen to VP Operations @ Bellatrix Exploration Ltd.
+ Mark Williamson to Interim CEO @ GASFRAC Energy Services Inc.
+ Michael Medline to CEO @ Canadian Tire
+ Scott Vali to VP Equities, Portfolio Manager @ CIBC Asset Management Inc.
+ Ving Woo, Engineering & COO @ Bellatrix Exploration Ltd. , retired
 
 [send us your appointment notices  kolke@facilitycalgary.com ]



BOARDROOM changes, purges, appointments etc.

 

+ Alexander Molyneux, Director @ Ivanhoe Energy Inc., resigned
+ Arndt Roehlighas, Director @ Ceiba Energy Services Inc., resigned
+ Chris Finalayson to Chairman @ InterOil Corporation
+ Franz Fink, Director @ Pason Systems Inc., resigned
+ Gary Samuel to Director @ Trez Capital Mortgage Investment Corporation
+ Gary Samuel to Director @ Trez Capital Senior Mortgage Investment Corporation
+ Gregg Hammann to Chief Strategy Officer @ Sedgwick Claims Management Services Inc.
+ Keith Ray to Director @ Firm Capital Mortgage Investment Corporation
+ Mark Apeloig to Director @ PetroNova Inc.
+ Michael Case to Director @ Calgary Airport Authority
+ Murray Sigler to Director @ Calgary Airport Authority



INTERESTING REAL ESTATE NEWS, other places


 

+ Tricon Capital Group invested US$142.5 to develop master-planed 276 acre community in Corona, California
 
+ Pure Industrial REIT closed its US$135.5 million acquisition of in industrial properties; 1.39 million sq. ft. (Californian, Florida, North Carolina, Illinois, Louisiana and Texas)
 
+ Slate Retail REIT agreed to acquire grocery-anchored 102,487 sq. ft. centre in Cary, North Carolina for US$ 15.5 million
 
+ Ivanhoé Cambridge agreed to acquire  "Theresie" building complex in Munich for approximately 257 million euros
 
+ Norway’s sovereign oil fund invested US$575 million to acquire 57.8% of the Pollen Estate; a portfolio of high-street retail properties in London knows as Saville Row



 QUOTES

 

“Many of life’s failures are people who did not realize how close they were to success when they gave up.” – Thomas A. Edison
 
“You make mistakes. Mistakes don’t make you.” – Maxwell Maltz



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

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August 12, 2014 issue

 




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FINANCINGS - proposed & closed

 

+ Cominar REIT closed $350 million unsecured revolving credit facility
+ Equitable Group Inc. closed $70 million preferred share issue
+ Manulife Financial Corporation is on the market to raise $350 million in a preferred share issue
+ Northern Blizzard Resources Inc. closed $500 million IPO
+ Sunshine Oilsands Ltd. closed US$200 million sr. secured debt financing
+ Tricon Capital Group secured US$400 million credit facility
+ True North Apartment REDIT is on the market to raise $500 million in equity



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 TODAY'S HEADLINES


S & P downgrades Canadian banks | Kinder Morgan re-organizing | Redford resigned | Bowring’s in court protection | Alberta Fiscal Snapshot | shakers & movers | conversation with Coreen Calvert + new financings >>>>




NEWS SUMMARY 
  Aug. 5 - 12  


 

+ Alberta Auditor General report on use of government planes and expenses in the Premier’s office released; RCMP to investigate further
+ Alberta land sale netted $41.79 million for the Government of Alberta
+ Alberta Securities Commission issued a Cease Trade Order against directors and certain officers of Penn West Petroleum Ltd.
+ ATB Financial – THE OWL … Daily Economic Comment
+ Balfour Beatty put Parsons Brinckerhoff business unit on the market for sale after collapse of merger talks with Carillion
+ Bank of America facing US$ 17 billion to settle with regulators over irregularities in sale of toxic mortgage securities during the financial crisis
+ Bowring & Co., Bombay & Co. and Benix Co. stores entered court bankruptcy protection; $86.6 million in debt, $39.5 million in debt
+ BSM Technologies Inc. acquired Praxis Transportation Solutions Inc.
+ Canadian labour-force participation fell in July to 13-year low
+ Conference Board of Canada issued a report – Alberta Fiscal Snapshot which projects Alberta to balance its books in 2014-15
+ current energy prices: live link to Bloomberg.com commodities data
+ Deloitte acquired Visser Consulting Ltd.
+ Detector Exploration closed $2.1 million purchase of west Pembina natural gas properties
+ Enbridge Pipelines Inc. entered a maintenance agreement with United Refining Company regarding Line 10; each party to invest US$ 135 million over 5 years
+ Freeport-McMorRan Inc. seeking a buyer for its on-shore California assets; expected to fetch US$5 billion
+ Kentz Global Limited shareholders approved SNC-Lavalin’s $2.1 billion takeover
+ Kinder Morgan Energy Partners LP announced it will expand its Edmonton JV (with Imperial Oil Limited) crude rail terminal currently under construction by a further 110,000 barrels/day
+ Kinder Morgan to acquire its related master limited partnerships for US$71 billion; to reorganize together with US$140 billion in assets will cost $44 billion in stock
+ Long Run Exploration Ltd. completed its acquisition of Crocotta Energy Inc.; spinning off Montney assets to operate as Leucrotta Exploration Inc.
+ Mexico’s senate approved opening the oil industry to private company investment, ending 75 yr. monopoly of state-owned Pemex
+ Morrison Hershfield released its report: Building Envelope Thermal Bridging Guide – Analysis, Applications and Insights
+ Murphy Petroleum agreed to sell its UK fuel stations to Motor Fuel Group, completing its exit from the UK
+ OPEC trimmed its 2014 global-consumption expectations, yet its members pumped more in July …notwithstanding disruptions in Libyan and Iraq supply
+ PanTerra Resource Corp. closed its $2.4 million acquisition of northern Alberta foothills natural gas assets
+ Pengrowth Energy Corp. struck a deal with Husky to ship its Lindbergh area production on Husky’s pipeline
+ Pine Cliff Energy Ltd. closed $33.25 million Carrot Creek/Edson asset acquisition
+ Rolls Royce opening a dealership in Calgary (does this mean we’ve really made it?); to be located on Blackfoot Trail above Deerfoot Meadows
+ S&P downgraded its rating of Canada’s biggest banks (RBC, TD, Scotia, CIBC, BMO, National Bank) over concern about Ottawa’s reluctance to bail-out banks in future
+ Shoreline Energy Corp. closed its $20.8 million acquisition of Peace River Arch assets
+ TerraVest Capital Inc. acquired NWP Industries Inc. for $12.6 million
+ TNT Crane & Rigging Inc. agreed to acquire Stamped Crane & Rigging/Eagle West Group; terms not disclosed
+ Weir Group PLC acquired Metra Equipment Inc.; price not disclosed
+ Zargon Oil & Gas Ltd. announced its 2015 CapEx Budget is $44 million
+ 3MV Energy Corp. secured a JV partner (investing $5 million) to develop its Fiske prospect in SE Saskatchewan
+ 8881723 Canada Inc. was successful in its takeover bid for BLF REIT



 INFRASTRUCTURE / P3 / GREEN


 

+ City of Calgary continues to study costs of 4-car light rail trains; price tag hits $300 million …
 
+ SNC-Lavalin on market to sell its interest (estimated value $3 billion) in Highway 407
 
+ Inglewood pedestrian bridge connecting East Village bridge; the $3 million ‘Elbow River Traverse’ is now in service



 CHARITY GOLF TOURNAMENTS 


 

+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
+ Aug 28; 16th Annual Building Hope Charity Golf Tournament, Springbank Links, Calgary; info/register
+ Sept. 18-19; 25th Annual Peter Gzowski Invitational Golf Tournament for Literacy [gala on the 18th, golf day on the 19th), The Hamptons Golf Club, info/register
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]



 KUDOS

 

+ to Enbridge and Alberta Cancer Foundation – the 6th Annual Enbridge Ride to Conquer Cancer raised $7.9 million for cancer research

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