FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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 FOR SALE -  Eau Claire Estates condo 


CLICK HERE FOR VIRTUAL TOUR

JUST REDUCED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000 - $440,000; contact Mark Kolke or Jamie Giszas

 


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  FOR SALE - relax and enjoy beautiful Marina Bay at SYLVAN LAKE 


FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO for VIRTUAL TOUR
+ year-round lakefront home (48 photo virtual tour) at Marina Bay, Sylvan Lake – 1,388 sq. ft., 2 bedroom, wood-burning fireplace, sauna, extraordinary – $649,900;  - email me to arrange a showing: kolke@markkolke.com

LISTING PRICE REDUCED to $624,900

CLICK HERE FOR GOOGLE MAP LOCATOR



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“Cat’s Pick is a community based newsletter, that includes career postings; community, industry and networking events.”




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CONVERSATIONS

This week's conversation with Noreen Music, Managing Director @ Organize My Space

A recent conversation with Kim Moody, CEO @ Moodys Tax Law LLP

A recent conversation with Barry Taitinger, Managing DIrector, Diversified Industries, Canadian Commercial Banking @ BMO

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...

COMING SOON: Watch for upcoming interviews - Noreen Music, Laura Newcombe, Mitzi Murray, Brian Keating, and many more!




SHAKERS AND MOVERS 
appointments and disappointments 

+ Armin MARTENS, Pres., CEO and Trustee @ Artis REIT, retiring

+ Brad LEVY to Director @ Morneau Shepell Inc.

+ Brian JORGENSON to Senior Advisor @ Perativ Holdings Inc.

+ Bruce JACK, Trustee @ Artis REIT, resigned

+ Caleb MORGRET, CFO @ PetroShale Inc., resigned

+ Carl GOMEZ to Professional Economics and Real Estate Investment Strategist @ CoStar Group

+ Chitra NAYAK to Director @ Morneau Shepell Inc.

+ Damien LOPEZ, Director @ Braingrid Limited, resigned

+ David MAYER to Marketing and Communications Mgr. @ United Supreme Group Inc.

+ Edward WARKENTIN, Trustee @ Artis REIT, resigned

+ Eileen FOROGLOU to Sr. Director, Asset Mgmt. & Investor Relations @ Strathallen

+ Ghislain GAUTHIER to Chairman @ Énergir 

+ Gregory PEPIN to Director @ Braingrid Limited

+ Jay HAMILTON to Pres. @ Canadian Urban Limited

+ Jean-Yves BOURGEOIS to Exec. VP Business Services @ Desjardins Group

+ Jim GREEN, CFO @ Artis REIT, retiring

+ John DAVIS to Pres. @ Panther Medical Canada Inc.

+ Kerri Lee McGovern to COO @ EarthRenew Inc.

+ Laura HOBART to CEO @ Dick’s Sporting Goods

+ Libby WADLE to CEO @ J. Crew Corp.

+ Lisa BOULANGER to Chief Product Officer @ Flexiti Financial

+ Manon BROUILLETTE to Director @ Lightspeed POS Inc.

+ Manuela BARONCINI to Global Head, Engineering & Construction @ Swiss Re Corporate Solutions

+ Mark SELAND to Sr. VP Calgary @ National Public Relations

+ Martin WATERS to CEO, Victoria’s Secret Lingerie @ L Brands Inc.

+ Meryl WHITTAKER to Integrity Commissioner @ City of Calgary

+ Neela MONTGOMERY to Exec. VP and Pres. Pharmacy/Retail @ CVS Health Corp.

+ Paul PAYNTER to Bus. Dev. Director @ General Energy Recovery Inc.

+ Peter ACETO @ Mortgage Alliance

+ Renato DISCENZA to Pres. & CEO @ HealthPRO

+ Robert DAMERON to Director @ Responder Technologies Inc.

+ Scott PITTMAN to CFO @ PetroShale Inc.

+ Stephen NICOLETTI to National Chair @ BOMA Canada

+ Stephen Co to CFO @ ERIS REIT

+ Susan HENRY to Chief, Emergency Management Agency @ City of Calgary

+ Terry McGRATH to AVP, Commercial Solutions @ Sovereign General Insurance Inc.

+ Wayne TOWNSEND, Trustee @ Artis REIT, resigned

~

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




 MEMORIAM 

+ Darcy Evans; Executive and Artistic Director @ Alberta Theatre Projects, 50




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ a catalyst for change – pandemic impact assessment

+ culture as a competitive advantage; Waterstone Human Capital’s ‘Canada’s Most Admired’

+ implementing a successful work from home model




 TECH Corner ...

+ Lightspeed POS Inc. closed its $145.2 million acquisition of ShopKeep Inc.




 SAVE THE DATE / upcoming events

+ Dec. 2-3; Real Estate Forum, Toronto/virtual; info/register

+ Dec. 7; 12th Annual Christmas In Alberta fundraiser for Heritage Park, in person+live streamed; info/register/donate

+ Dec. 8; Is hydrogen the future? – U of C, School of Public Policy – Hydrogen Potential webinar; info/register

~

2021

+ Jan. 26; Calgary Real Estate Board, Annual Forecast 2021 [virtual event], Calgary, info/tickets

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

 

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

 

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ no more listings for 2020 – please send us your 2021 events

~

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


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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Artis REIT turmoil | Calfrac recapitalization court win | Calgary Order of Canada winners | Canada $100 billion pandemic recovery plan + Noreen Music interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

Contact Zelos for a free consultation today
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E-mail: kareen@zelosglobal.com

 LEADERS IN PRIVATE WEALTH MANAGEMENT



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EXECUTIVE COACHING



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DIGITAL COMPONENT CONSTRUCTION



The Level - SETON, ROHIT COMMERCIAL

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



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





CLICK HERE to sign up for Housing Truth newsletter 

CONTACT MARK KOLKE 
RESIDENTIAL SALES



PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential


Commercial Agent | Property Manager /
  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



CLICK HERE to sign up for PROPERTYlines

CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 QUOTES 

+ If you genuinely care about the goal, you’ll focus on the system. – James Clear

+ There is one consolation in being sick; and that is the possibility that you may recover to a better state than you were ever in before. – Henry David Thoreau




 KUDOS 

+ to Rona Ambrose and David Bissett, both named 2020 Distinguished Policy Fellows at the School of Public Policy @ University of Calgary

+ to 11 fantastic Calgarians of 114 awarded the Order of Canada; Tom Jackson, Mark Tewksbury, Martha Billes, Doreen Spence, Judy Birdsell, George Brookman, Jackie Flanagan, Ross Glen, Charles Guest, John Lacey, Lucy McIntyre




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 - 2020 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher



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NEWS SUMMARY 
 Nov. 24 ~ Dec. 1 / 2020 


+ Alberta COVID-19 stats: 541 deaths to date, 16,454 active cases of 58,177 confirmed cases to date: aggregate Alberta data – currently, 453 Albertans are in the hospital with COVID-19, and 96 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, re-opening Stage 3 remains delayed; on November 24 the Premier announced NEW restrictions governing a wide range of public, business, and school restrictions as a State of Public Health Emergency; Calgary in lock-step has also declared a State of Local Emergency – which means Tom Sampson, Chief of the Calgary Emergency Management Agency is in charge …

+ Alberta Health Services is putting an additional 400 additional ICU beds in service to accommodate surging COVID-10 hospitalizations

+ ABTraceTogether – get the APP; GOA app is being questioned as to its effectiveness (it needs to be running all the time); Kenny government resisting adoption of the Federal Gov’t COVID tracing app

+ Artis REIT struck a deal with Sandpiper Group; change of sr. management and board positions

+ Calfrac Well Services Ltd.’s recapitalization transaction to go forward; the appeal brought by Wilks Brothers LLC was dismissed

+ Canada: Trudeau government announced $100.0 billion stimulus spending program for pandemic recovery; largest economic relief package since WWII, projects 2020 deficit to top $381.0 billion

+ Canada Energy Regulator published a report looking at future demand: Canada’s Energy Future 2020: Energy Supply and Demand Projects to 2050 – download 104-page report/PDF file : fossil fuels to still make up more than 60% of Canada’s fuel mix in 2050 …

+ Canada’s border with the United States remains closed to non-essential traffic; the closure is now extended to January 21, 2021; meanwhile air travel restrictions and quarantine rules keep-a-tweaking

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; nice trend-up in prices, WTI / US$45/bbl, Brent / US$47/bbl – but traders are nervous over OPEC+ group’s fidelity to their production cutback assurances … tic toc

+ Enbridge Inc. got approval to begin construction of its Line 3 replacement project; got its final permits so construction can begin in Minnesota

+ Enbridge Inc. commenced an action in Federal Court in Michigan to block the State of Michigan action to stop the operation of Line 5; at issue is a long-standing (65 years) easement/right of way under waterways that allows the dual pipeline to be in place …

+ Fossil Water Corporation judged bankrupt; the trustee is Grant Thornton

+ Freehold Royalties Ltd. agreed to acquire a U.S. royalty portfolio for US$58.0 million

+ Imperial Oil Ltd. is cutting staff; 200 of its 6,000 employees being laid off as part of a $1.0 billion spending cuts - $500.0 million in operating, $500.0 million in capital spending – and Exxon Mobil Corp., the majority shareholder of Imperial, announced it will reduce 300 positions in Canada

+ HOPE for Ethiopia annual calendar campaign: art by Paul Van Ginkel /info/order/see the art

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – November issue,  archived issues

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE November issue; Archived PROPERTYlines Issues

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 10 to 320 this week; Canada: up 1 to 102 this week; full breakdown

+ Simply Group Acquisition Corp. acquired Dealnet Capital Corp. for $243.0 million

+ Source Energy Services Ltd. got court approval for its Recapitalization Transaction

+ Suncor Energy Inc. announced its 2021CapEx Budget it $3.8 billion




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. closed $700.0 million in unsecured debt financing

+ Ballard Power Systems Inc. closed US$402.5 million equity financing

+ Baselode Energy Corp. is on the market to raise $1.0 million in equity by private placement

+ Baylin Technologies Inc. is on the market to raise $5.0 million by private placement

+ CAE closed $345.0 million equity financing

+ CAE closed $150.0 million equity financing by private placement

+ Converge Technologies Solutions Corp. closed $46.23 million equity financing

+ Cover Technologies Inc. is on the market to raise $2.0 million in equity by private placement

+ Drone Delivery Canada is on the market to raise $6.0 million in equity

+ Dye & Durham Limited closed $201.0 million equity financing

+ Equitable Bank closed $250.0 million debt financing

+ Firm Capital Mortgage Investment Corporation closed $25.882 million equity financing

+ Freehold Royalties Ltd. is on the market to raise $43.0 million in equity

+ Freehold Royalties Ltd. is on the market to raise $13.4 million in equity by private placement

+ H&R REIT is on the market to raise $250.0 million in sr. unsecured debt by private placement

+ Intact Financial Corporation closed $3.2 billion equity financing by private placement

+ Petro-Victory Energy Corp. is on the market to raise $5.0 million in equity

+ PopReach Corporation closed $17.25 million equity financing

+ Royal Helium Ltd. is on the market to raise $4.0 million in equity by private placement

+ Score Media and Gaming Inc. is on the market to raise $40.0 million in equity

+ Stampede Drilling Inc. closed a new $2.0 million secured credit facility

+ TIMIA Capital Corp. a $5.2 million preferred share equity raise

+ Voyager Digital Inc. is on the market to raise $7.0 million 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 or non-arm’s-length transactions …




 SHAREHOLDER MEETINGS

+ Dec. 1; Pan Orient Energy Corp., Annual Meeting, virtual only

+ Dec. 5; Stoneway Capital Corporation, Meeting of Noteholders, Toronto virtual only

+ Dec. 11; Echelon Holdings Inc., Annual and Special Meeting of Shareholders, Toronto

+ Dec. 11; Network Media Group Inc., Annual General and Special Meeting of Shareholders, Vancouver virtual only

+ Dec. 11; Rifco Inc., Annual General and Special Meeting of Shareholders, Edmonton

+ Dec. 15; Transat A.T. Inc., Special Meeting of Shareholders, Montreal

+ Dec. 15; Cenovus Energy Inc., Special Meeting of Shareholders, Calgary

+ Dec. 15; Husky Energy Inc., Special Meeting of Shareholders, Calgary

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

+ Dec. 22; Genworth MI Canada Inc.; Special Meeting of Shareholders, Toronto

+ Dec. 22; Resverlogix Corp., Annual and Special Meeting of Shareholders, Calgary and virtual

+ Dec. 22; Zenith Capital Corp., Annual and Special Meeting of Shareholders, Calgary and virtual

+ Jan. 4; Canaccord Genuity Growth II Corp. Special Meeting of Shareholders, Toronto

+ Feb. 23; Artis REIT, Special Meeting of Unitholders, Winnipeg MEETING CANCELLED

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Autodesk acquired Spacemaker

+ classroom ventilation – purification is not a substitute for ventilation

 

https://www.constructioncanada.net/autodesk-acquires-tech-company-spacemaker/

 

https://www.constructioncanada.net/mobile-air-purification-units-is-not-a-substitute-for-proper-ventilation/




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Avenue Living Asset Management acquired 342-door Corinth portfolio in Kansas City, Kansas for US$29.75 million




 this week in REITs + TRUSTS 


+ Artis REIT struck a deal with Sandpiper Group; change of sr. management and board positions




CLICK HERE FOR FULL GLOSSARY  


  GLOSSARY + ABBREVIATIONS + ACRONYMS 



 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June 8-12, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners


Call for abstracts:

+ be part of the transformation and join the Global Energy Show where technical experts from around the world present and discuss the latest technologies, processes and innovations leading the way toward zero emissions energy systems – CALL FOR ABSTRACTS  ~ DEADLINE for submissions is December 11


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