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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alain Maisonneuve to CEO @ Alberta Gaming & Liquor Commission

+ Alan Horn, Chairman @ Rogers Communications Canada Inc., stepping down

+ Craig Flint, CFO @ CWC Energy Services Corp., resigned

+ Dana Silver to Director, Community Engagement @ Calgary Chamber of Voluntary Organizations (CCVO)

+ David Hancock to Judge, Edmonton Family and Youth @ Provincial Court of Alberta

+ David Wilkes to Pres. & CEO @ Building Industry and Land Development Association (BILD)

+ Edward Rogers to Chairman @ Rogers Communications Canada Inc.

+ Gary Casswell to Director @ Ensign Energy Services Inc.

+ Greg Grant to Managing Dir., Infrastructure and Natural Resources @ Ontario Teacher’s Pension Plan

+ Jacob Weber to Director of Development @ RoyOp Development Corp.

+ Jeff Sheets to Director @ Enerplus Corporation

+ Jenn Lofgren to Director @ Calgary Chamber of Commerce

+ Jeremy Thal to Exec. VP @ RoyOp Development Corp.

+ John Cassaday to Vice Chair @ Manulife Financial Corporation

+ John Ireland to Sr. VP @ Yellow Pages Limited

+ Kellie D’Hondt to Director, Land @ Bow River Energy Ltd.

+ Lorenz Hassenstein to Gen. Mgr. @ Metro Toronto Convention Centre

+ Marian De Souza to Judge, Calgary Region @ Provincial Court of Alberta

+ Melinda Rogers to Vice-Chair @ Rogers Communications Canada Inc.

+ Mike Shaw to Director @ Calgary Chamber of Commerce

+ Paul Russo to Director @ Yellow Pages Limited

+ Rob Hall to Director @ Yellow Pages Limited

+ Robert Shaigec to Judge, Edmonton Region@ Provincial Court of Alberta

+ Roger Dall’Antonia to Pres. & CEO @ FortisBC

+ Ryan Rutherford to Director of Leasing @ RoyOp Development Corp.

+ Stephen Smith to Sr. VP @ Yellow Pages Limited

+ Stuart King to CFO @ CWC Energy Services Corp.

+ Sylvain Prud’homme to Pres., International @ Lowe’s Companies Inc.


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




 MEMORIAM

+ Fil Fraser (Dr. Felix Blache-Fraser), extraordinary Albertan/Edmontonian, filmmaker, change-maker and longstanding defender of minority rights, TV impresario and Canada’s first black broadcaster – died.




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ are office romances a good idea?




  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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated December 12, 2017




 TODAY'S HEADLINES


HEADLINES: Kinder Morgan ruling | Landmark Cinemas sold | Pure Technologies sold $509 million + Marissa Enage interview  + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Marissa Enage, U.S. Sr. Tax Manager @ Catalyst Group

Last week's conversation with Tamer Basilious, Director, Operations/Project Management, Calgary @ WSP

A recent conversation with Kirstin Evenden, Exec. Dir. @ Lougheed House

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



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



 sponsors of this week's issue:

e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 SAVE THE DATE / upcoming events

+ Mar. 21-23/2018; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide


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



 SHAREHOLDER MEETINGS

+ Dec. 14; Alterra Power Corp., Special Meeting of Shareholders, Vancouver

+ Dec. 15; Pond Technologies, Special Meeting of Shareholders, Calgary

+ Dec. 18; Ironhorse Oil & Gas Inc., Annual and Special Meeting of Shareholders, Calgary

+ Jan. 4; Mainstreet Health Investments Inc., Special Shareholder Meeting, Toronto


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Carbon Competitiveness Incentives (CCI’s) go into effect Jan. 1/2018; GOA’s $1.4 billion innovation package




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NEWS SUMMARY 
 December 5 ~ 12 


+ Advantage Oil & Gas Ltd. announced its 2018CapEx Budget is $175.0 million

+ Athabasca Oil Corporation announced its 2018CapEx Budget is $140.0 million

+ Bank of Canada held its key interest rate at 1.0%

+ Baytex Energy Corp. announced its 2018CapEx Budget is $325.0 million

+ Calfrac Well Services Ltd. announced its 2018CapEx Budget is $132.0 million

+ Chevron Corporation announced its 2018CapEx Budget is US$18.3 billion

+ COGI Limited Partnership in receivership; MNP Ltd. appointed as receiver/manager

+ current energy prices – live link to current Bloomberg energy prices; market up/steady on Chinese demand

+ Ensign Energy Services Inc. announced its 2018CapEx Budget is $64.0 million

+ Gibson Energy Inc. announced its 2018CapEx Budget is $120.0 million

+ Kinder Morgan Canada Limited got a favourable ruling from NEB; solving permitting issues in Burnaby … tic toc

+ Kinepolis Group NV completed its acquisition of Landmark Cinemas Canada LP (44 locations/303 screens); terms not disclosed

+ Noralta Technologies acquired all assets and accounts of Wellsite Automation and Control

+ NOVA Chemicals in investing $2.0 billion in a new polyethylene plant in Ontario; the Ontario government is kicking in $100.0 million of the capital costs

+ Pure Technologies Ltd. agreed to a takeover bid from Xylem Inc, for $509.0 million …

+ rig counts: down 3 to 219 – full breakdown

+ Tidewater Midstream and Infrastructure Ltd. and TransAlta Corporation entered into a JV; 120 km. natural gas pipeline from Brazeau River Complex to Sundance and Keephills power powers; capital cost is $150.0 million

+ Timbercreek Asset Management acquired a six-building portfolio of Calgary apartments from Har-Par Investments; 685 suites/$142.48 million

+ TORC Oil & Gas Ltd. announced its 2018CapEx Budget is $165.0 million

+ U.S. rig counts: up 3 to 751

+ VistaVu Solutions Inc. acquired BPBD LLC

+ Western Energy Services Corp. announced its 2018 CapEx budget is $20.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alimentation Couche-Tard Inc. is on the market to raise US$600.0 million in sr. unsecured debt

+ C02 Solutions Inc. is on the market to raise $1.5 million in debt

+ Enbridge Inc. closed $500.0 million preferred share issue

+ Enbridge Inc. closed $718.0 million equity financing

+ Fiera Capital Corporation is on the market to raise $150.0 million in equity

+ IGM Financial Inc. is closed $250.0 million debt financing

+ Keyera Corp. closed $494.0 million equity financing

+ Kinder Morgan Canada Limited is on the market to raise $200.0 million by a preferred share issue

+ Pembina Pipeline Corporation closed $400.0 million preferred share issue

+ Saturn Oil & Gas Inc. closed $520,800.0 equity financing

+ Saturn Oil & Gas Inc. closed $1.5 million convertible debt financing




 QUOTES

+ What you get by achieving your goals is not as important as what you become by achieving your goals. – Zig Ziglar

+ Wisdom begins in wonder. - Socrates




 this week in REITS 


+ Automotive Properties REIT agreed to acquire a Montreal Mazda dealership property for $8.0 million

+ Choice Properties REIT closed a five-property acquisition from Loblaw Companies subsidiaries; $61.7 million

+ PRO REIT closed its 19-property acquisition of Rexall Pharmacies; $51.6 million, 7.1% going-in cap rate




 INFRASTRUCTURE / P3  


+ BC government reversed its campaign promise to kill the Site C Dam project; announced what has been obvious all along, the project was too far along to justify halting. Also announced, capital cost (no doubt partly due to politics/delays) has risen from $8.9 billion to a current projection of $10.7 billion

+ Infrastructure Ontario and Metrolinx issued and RFQ to Design, Build and Finance the Lakeshore West Corridor Infrastructure Improvements project




 CONSTRUCTION NEWS + INNOVATION 

+ City of Calgary opened the new 12 St. SE bridge; connects to Calgary Zoo; $26.0 million project replaced the 1908 Baines bridge which was damaged in the ‘great flood’

+ City of Calgary council approved $8.0 million for ‘urgent’ fix work on the Plus-15 network




INTERESTING REAL ESTATE NEWS, other places


+ Black Diamond Group opened a 252-person ‘Little Prairie Lodge’ at Chetwynd, BC

+ Skyline Investments acquired a 13-property portfolio of Marriott flagged hotels (1,900 rooms/9 states) from Clarion Partners LLC for US$135.0 million

+ Starlight U.S. Multi-Family (No. 5) Core fund acquired Callie, 261 unit project in Dallas for US$48.05 million




 INTERESTING TRENDS IN RETAILING 


+ it’s the biggest Starbucks – in Shanghai, 29,000 sq. ft. Starbucks Reserve Roastery has a staff of 400; check out the story, photos and video




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