FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Ali Salam to VP Public Affairs to Public Affairs lead @ NATIONAL Public Relations

+ Andrew Watts to Director @ Mobile Royalties

+ Anton Jelic to CFO @ Polaris Infrastructure Inc.

+ Ashley Heppenstall, Director @ ShaMaran Petroleum Corp., resigned

+ Brenda Davidson to Director, Sales & Marketing @ Glenmore Inn & Convention Centre

+ Chaim Katzman to Director @ First Capital Realty Inc.

+ Craig Collard to Director @ TerrAscend Corp.

+ David Calnan, Director @ Badger Daylighting Ltd., resigned

+ David Ehrlich, CEO @ CAP REIT, retiring

+ Emmie Fukuchi to Exec. VP and Chief Digital & Marketing Officer @ The Co-operators Group Limited

+ Fancois Lecavalier to Head, Project Development @ Canada Infrastructure Bank

+ John Souleles to Principal @ DIALOG

+ Julie Baron to Mgr., Brand Management and Communication Services @ Suncor Energy

+ Kathy Weller to Director @ CGI Group Inc.

+ Kerrie Senyk to Project Mgr. @ Mawer Investment Management

+ Mark Husbands to Pres. @ Trinity Western University

+ Martin King, Director, Institutional Research @ GMP First Energy, retired

+ Maureen Putnam to Director @ Gabriella’s Kitchen Inc.

+ Michael Frank to CEO, Retail @ Nutrien Ltd.

+ Michael Nobrega, Acting CEO @ Waterfront Toronto, fired

+ Mick McNulty to Chairm @ Strad Energy Services Ltd.

+ Mike Ebsary to Director @ ShaMaran Petroleum Corp.

+ Moe Houssaini to VP Operations @ ParkPlus System

+ Morten Aksdal to Bus. Dev. Mgr., Calgary @ Authorized Security

+ Natalie Shelby-James to Sr. Environmental Project Mgr. @ PESCA Environment

+ Patricia Curadeau-Grou to Chairperson @ Fairstone Financial Inc.

+ Paul Beaudry to Deputy Governor @ The Bank of Canad

+ Peter Anderson to CEO @ CI Financial Corp.

+ Raef Sully to CEO, Phosphate & Nitrogen @ Nutrien Ltd.

+ Richard Fortin, Director @ National Bank of Canada, stepped down

+ Rob Grandfield, Director & Chairman @ Strad Energy Services Inc., retiring

+ Robert Travis to Director @ Gabriella’s Kitchen Inc.

+ Romin Jarrah to Director, Real Estate Planning & Strategies @ ATCO Group

+ Ross Manley to COO @ Integrated Contraction Solutions

+ Scott Fawcett to Director @ Calgary Academy

+ Scott Fischer to Sr. VP Finance @ KingSett Capital

+ Sheila Murray, Pres. @ CI Financial Corp.

+ Stephanie Jenkins to Talent Acquisition Advisor @ MNP

+ Susan Jones to Pres., Potash @ Nutrien Ltd.

+ Tammy Schock, CFO @ Exchange Income Corporation, leaving the company

+ Theo van der Linde to CFO @ Koios Beverage Corp.

+ Tom Wenner to CFOR @ Inovalis REIT

+ Zoe Addington to Practice Lead, Western Canada @ Crestview Strategy

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




 MEMORIAM

+ Edward Blodgett, retired Professor @ U of A and Faculté Saint-Jean, co-founder of Writers’ Guild of Alberta; 83




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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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current week data

this  site is refreshed with a new issue every Tuesday morning


updated December 11, 2018




 TODAY'S HEADLINES


HEADLINES: Alberta creates LNG team | Bill 69 still alive … | BREXIT tremors | crude price volatility | Enbridge sells New Brunswick unit | Husky restarts offshore production + Darby Young interview  + deals + rig counts + upcoming events, appointments + infrastructure + REIT NEWS + financings




CONVERSATIONS

This week's conversation with Darby Young, Chief Accessibility Strategist/CEO @ Level Playing Field

A recent conversation with George Mylonas, Pres. & CEO @ Landstar Communities

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



 sponsors of this week's issue:

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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



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



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 SHAREHOLDER MEETINGS

+ Dec. 12; Jupiter Resources Inc., Noteholders Meeting/approve recapitalization, Calgary

+ Dec. 19; Blackbird Energy Inc., Special Shareholders Meeting, Calgary

+ Jan. 8; Aimia Inc., Special Meeting of Shareholders, Toronto

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




 KUDOS 

+ Conrad Whalen, donated $5.0 million to the new central library foundation – naming the “Patricia A. Whalen Performance Hall” in honour of his late mother




 SAVE THE DATE / upcoming events

+ Feb. 19-21; 31st International Pipeline Pigging & Intergey Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

+ Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration


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



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

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NEWS SUMMARY 
 December 4 ~ 11 


+ Alberta government created an LNG Investment Team to work with industry – Greg Stringham and John Carruthers backed by an Advisory Panel – Hal Kvisle, Terrance Kutryk and Brenda Kenny

+ Bank of Canada held its key interest rate at 1.75%; upward moves are being delayed …

+ Bill 69 continues to attract lots of flak; obvious why Albertans hate it; no sense yet of whether the Trudeau government will ‘re-write’, whether the Senate will send it back to Parliament for a do-over ~ there is only one way for this to end and that is for it to go back to Parliament for reconsideration and the ‘let it die on the order paper’ … but I’m not sure if the Prime Minister is listening to anyone outside is re-election team … tic toc

+ BlackPearl Resources Inc. and International Petroleum Corp. got approval from securityholders and shareholders for their plan of arrangement

+ Brexit exit? … British PM Teresa May has withdrawn a proposed vote on a deal to leave the EU; seems a court ruling and sentiment in parliament are conspiring to ‘rethink the whole Brexit thing’ … tic toc

+ Calfrac Well Services Ltd. announced its 2019CapEx Budget is $149.0 million

+ Canadian Natural Resources Limited announced its 2019CapEx Budget is $4.7 billion; subsequently reported to be cutting back by $1.0 billion after GOA production cutback announcement last week …

+ Cenovus Energy Inc. announced its 2019CapEx Budget is $1.5 billion

+ Chevron Corporation announced its 2019CapEx Budget is US$20.0 billion

+ ConocoPhillips announced its 2019CapEx Budget is US$6.1 billion

+ Crew Energy Inc. announced its 2019CapEx Budge is $95.0 million

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices rode up last week on OPEC production cutback news but slipped back based on demand/high inventory concerns , European concerns and U.S./China trade uncertainty

+ Enbridge Inc. agreed to sell its Enbridge Gas New Brunswick Inc. to Algonquin Power and Utilities Corp. for $331.0 million

+ Englobe Corp. acquired DST Group Inc.

+ Gibson Energy Inc. announced its 2019CapEx Budget is $200.0 million

+ Husky Energy restarting offshore Newfoundland production as storm subsides; Husky issued an apology to government of Newfoundland and Labrador for Nov. 16th spill

+ Pembina Pipeline Corporation announced its 2019CapEx Budget is $1.6 billion

+ rig counts - Canada: down 13 to 186 this week; click for full breakdown

+ rig counts – U.S.: down 1 to 1,075 this week; full breakdown

+ Strategic Group announced plans to convert the Baron building from office space to 94 rental apartments

+ Western Energy Services Corp. announced its 2019CapEx Budget is $15.0 million

+ WesternOne Inc. changed its name to WEQ Holdings Inc.

+ WestJet, an Alberta Partnership, announced its 2019CapEx Budget is $1.0 billion




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Hyduke Energy Services Inc. secured $1.5 million credit facility

+ Hyduke Energy Services Inc. secured $350,000.0 debt financing

+ Loblaw Companies Limited closed $800.0 million sr. unsecured debt financing

+ Oronova Energy Inc. is on the market to raise $6.0 million in equity

+ SSQ Insurance secured $150.0 million debt financing

+ Summit Industrial Income REIT closed $140.0 million equity financing

+ Sun Metals Corp. is on the market to raise $5,162,500.0 in equity by private placement

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 CONSTRUCTION NEWS + INNOVATION 

+ Altas Engineered Products Ltd. agreed to acquire South Central Building Systems Ltd. for $3.4 million

+ ATCO Ltd. and Bird Construction Inc.-led consortium teaming up; they will build 4,500 person lodge for LNG Canada workforce near Kitimat, BC

+ best architecture of 2018 from ArchDaily

+ Kiewit Louisiana Co. will design, engineer, construct and commission Venture Global LNG Inc.’s Calcasieu Pass LNG export facility; completion expected in 2022

+ The Library and Archives Canada’s Preservation Centre in Gatineau, QC receive BOMA Canada’s Outstanding Building of the Year (TOBY) Award – BOMA Best Gold – Corporate Facility




 CORPORATE RESPONSIBILITY REPORTS 


+ Bellatrix Exploration Ltd. released its corporate responsibility report: 31 page PDF download




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ BMO Financial Group announced it will be the lead tenant in a new building in Chicago; BMO Tower will be a 50-storey, 700 ft. building. 3600 BMO employees will occupy 14 floors …




 INFRASTRUCTURE / P3  


+ Calgary Municipal Land Corp. have turned over the main floor of the former main branch (Castell Building) of the public library to the U of C Faculty of Environmental Designed …

+ TransLink is planning to build a new SkyTrain line – to connect Surrey with Langley by 2025; 8 stations, 16 km




 INTERESTING THINGS IN RETAIL 


+ Cineplex announced plans to establish a VIP Cinema (adults only) facility in partnership with West Campus Development Trust in Calgary’s University District

+ Crabtree and Evelyn Canada filed for bankruptcy; 19 store closings across Canada

+ Empire Company Limited (owner of Sobey’s) closed its acquisition of an 88% interest in Farm Boy ($800.0 million enterprise value)

+ Sleep Country Canada Holdings Inc. closed its acquisition of Endy




 this week in REITS 


+ Automotive Properties REIT agreed to acquire an 11 property portfolio of Ottawa/Kingston area dealerships in sale/leaseback transactions for $101.3 million

+ CAP REIT closed its acquisition of a residential portfolio (345 units) in the Netherlands for $83.0 million

+ Centurion Asset Management and Centurion Apartment REIT acquired six (Regina, Winnipeg, Victoria) multi-family properties (740 units)

+ David Ehrlich, CEO @ CAP REIT, retiring

+ Melcor REIT acquired a 33,196 sq. ft. office building in Lethbridge for $6.25 million

+ PRO REIT agreed to acquire two light industrial properties in SW Ontario (Ayr & Waterdown) for $15.38 million

+ Summit Industrial Income REIT closed $140.0 million equity financing

+ Tom Wenner to CFOR @ Inovalis REIT




 QUOTES 

+ Thoughts are extremely powerful. They are the fuel of life. Think success and you’ll reach your goal. - unknown

+ Each time we face our fear, we gain strength, courage and confidence in the doing. – Theodore Roosevelt


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