FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Brian Budden to Pres. & CEO @ Plenary Group (North America)

+ Brian Recatto, Pres. U.S. Operations @ Gibson Energy Inc., leaving the company

+ Damon Tanzola to Director, Real Estate Dev. @ Rexall

+ Dan Shea to Corporate Secretary @ Sunshine Oilsands Ltd.

+ Daryl Rudichuk to CFO @ Petrowest Corporation

+ Doug Stone to Sr. VP Real Estate @ Rexall

+ Dr. Elizabeth Brooks-Lim to Chief Medical Examiner @ Government of Alberta

+ Ed LaFehr to CEO @ Baytex Energy Corp.

+ Emma Griffin to Director @ Industrial Alliance Insurance

+ Esther Ohayon Leasing Mgr. @ Alberta Infrastructure, retiring

+ Jamie Robertson to Sr. Portfolio Mgr., Portfolio Solutions Group @ Manulife Asset Management

+ Jim Bowzer, CEO @ Baytex Energy Corp, stepping down

+ John Foss to Exec. Mgr. National Accounts @ Trailcon Leasing Inc.

+ Linda Dietsche to Exec. VP & CFO @ Newalta Corporation

+ Llyod Wiggins, CFO @ Petrowest Corporation, resigned

+ Paige Magnussen to Marketing & Bus. Deb. Mgr. @ Engelhart Reed Ltd.

+ Sam Barua to Assistant Director of Enforcement @ Alberta Association of Engineers and Geoscientists of Alberta (APEGA)

+ Sylvain Dupuis to Managing VP Business Capital @ Desjardins Venture Capital


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Glassdoor announced its ‘top 25 places to work in Canada’; kudos to #3, #8, #12, #15, #21

+ workers want more insight – so says a report published by Robert Half




 NEW TECH + TOOLS TO WATCH 

+ Malwarebytes (that’s what I use) came out with Malwarebytes 3.0

+ RescueTime – helps minimize distractions and manage daily habits3.0

+ and HeyFocus – block distractions and ‘control yourself!’




BOARDROOM changes, purges, appointments etc.

+ Arnold Klassen to Director @ GFG Resources Inc.

+ Benita Warmbold to Director @ SNC-Lavalin

+ Dr. Brad Thompson, Director @ Oncoloytics Biotech Inc., resigned

+ Gordon Campbell to Director @ Laurentian Bank of Canada

+ John Pinsent, Director @ Hyduke Energy Services Inc., resigned


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




 SHAREHOLDER MEETINGS

+ Dec. 15; Enbridge Inc., Special Meeting of Shareholders – Spectra Energy Combination, Calgary

+ Dec. 15; Resverlogix Corp., Annual and Special Meeting, Calgary

+ Dec. 15; Rooster Energy Ltd., Annual General Meeting of Shareholders, Houston

+ Dec. 15; Zenith Capital Corp., Annual and Special Meeting, Calgary

+ Dec. 21; Crucible Resources Corporation, Special Meeting of Shareholders, Calgary

+ Jan. 11; Nav Canada; Annual Meeting, Ottawa


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



  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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ 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

+ 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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Dec. 13, 2016




 TODAY'S HEADLINES


HEADLINES: ARC $700 million purchase | CapEx budgets | CNRL sells pipeline stake | crude prices up again/still | Enerplus asset sale | PBA hotel plans | Total bidding for Savannah + Jochen Fahr interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future. 

This week's conversation with Jochen Fahr, Pres./Founder of Brauerei Fahr 

Last week's conversation with Abel Pagaling, Manager Analytics/Claims at Intact Insurance and publisher of Filipino Canadian Magazine

A recent conversation with Gabby Franco of Jiaming Investment Group

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



 QUOTES

+ You have to think anyway, so why not think big? – Donald Trump

+ Kindness can become its own motive. We are made kind by being kind. – Eric Hoffer




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 OIL SANDS + HEAVY OIL NEWS

+ Cenovus Energy Inc. announced it will now proceed with its 50,000 bpd Phase G at its Christina Lake oil sands facility

+ Dan Shea to Corporate Secretary @ Sunshine Oilsands Ltd.

+ Marquee Energy Ltd. and Alberta Oilsands Inc. completed their arrangement/combination; the ‘new Marquee’ will operate as Marquee Energy Ltd.




INTERESTING REAL ESTATE NEWS, other places


+ Cavendish Farms, City of Lethbridge and GOA are partnering to expand Sherring Industrial Park in Lethbridge; Cavendish are investing $350.0 million to construct a state-of-the-art potato processing facility …

+ Verizon Communications sold/leased-back 24 locations/data centers in the United States and Latin America to Equinix for US$3.6 billion; 29 buildings, 2.4 million sq. ft.; Equinix now own 175 data centers in 43 markets across Americas, Europe and Asia-Pacific




 SAVE THE DATE / upcoming events

+ Dec. 15; Canadian Pensions & Benefits Institute - Pensions in Alberta: The Road Ahead, Fairmont Palliser, Calgary; info/register

+ Jan. 27=29; IGNITE Design Competition; CSC sponsored student competition; SAIT & MRU; tickets/info

+ Feb. 7 - 9; ConvergX 2017 - Global Defence & Energy Conference; Calgary; info/register

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

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

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


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



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 - 2016 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  






NEWS SUMMARY 
 Dec. 6 ~ 13 


+ ARC Resources Ltd. closed the $700.0 million sale of assets in and operations in Saskatchewan to Spartan Energy Corp.

+ Bank of Canada rate announcement: they have maintained the overnight target rate of 0.5%

+ Baytex Energy Corp. announced its 2017 CapEx Budget is $300.0 million

+ BHP Billiton Ltd. won the bid to partner with Pemex to develop the offshore Trion field; outbidding BP, BHP will pay US$624.0 million to ‘get into’ the deal which will require a US$11.0 billion investment to develop the fiel

+ Canadian Natural Resources Limited agreed to sell its stake in the Cold Lake Pipeline and Cold Lake Limited Partnership to Inter Pipeline Ltd. for $350.0 million; Inter Pipeline Ltd. will then hold 100%

+ CBRE acquired retail project management firm Skye Group

+ Cenovus Energy Inc. announced its 2017 CapEx Budget is $1.2 billion

+ Chevron Corporation announced its 2017 CapEx Budge is US$4.7 billion

+ Chinook Energy Inc. got shareholder approval and closed its ‘arrangement’ transaction’; new shares have been issued and the company will continue to operate as Chinook Energy Inc.

+ Conference Board of Canada published its Provincial Outlook: Autumn 2016, predicting Alberta will emerge from recession in 2017

+ Crescent Point Energy Corp. announced its 2017 CapEx Budget is $1.45 billion

+ current energy prices – live link to current Bloomberg energy prices; crude prices staying up, and natural gas prices up too as U.S. enjoys some cold weather; OPEC cutbacks and Saudi commentary about deeper cuts and non-OPEC members also agreeing to cut production add credence to recent bumps in crude prices – but everyone is crossing their fingers …tic toc

+ CWC Energy Services Corp. announced its 2017 CapEx Budget is $5.9 million

+ Enerplus Corporation agreed to sell its non-operated assets in North Dakota for US$292.0 million

+ Gibson Energy Inc. announced its 2017 CapEx Budget is $150.0 million

+ Marquee Energy Ltd. and Alberta Oilsands Inc. completed their arrangement/combination; the ‘new Marquee’ will operate as Marquee Energy Ltd.

+ National Energy Board appointed new ‘temporary members’ to re-start the review the $15.7 billion Energy East pipeline project;

+ OneSource Risk Management Canada Inc. acquired Pangaea Global Risk Management Inc.; terms not disclosed

+ PBA Land got development approval to develop two hotels on 5th Avenue SW; two flags – upper floors to be 120-room Autograph Collection (lobby will be on 27th floor); lower floors will be 185 room select-service Courtyard by Marriott product

+ Pembina Pipeline Corporation announced its 2017 CapEx Budget is $1.9 billion

+ Perpetual Energy Inc. announced its 2017 CapEx Budget is $65.0 million

+ PHX Energy Services Corp. announced its 2017 CapEx Budget is $12.5 million

+ Pine Cliff Energy Ltd. closed its sale of a portfolio of non-core oil assets for $31.4 million

+ Precision Drilling Corporation agreed to a swap with Essential Energy Services; it will swap its Canadian Coil Tubing operations for Essential’s service rig business and Precision will pay $12.0 million 

+ rig counts: according to Baker Hughes, Nov/16 925 international, offshore 211, U.S. 580 … up from 544 the month before, Canada 173, up from 156 the month before

+ Quebec National Assembly passed Bill 106: An Act to implement the 2030 Energy Policy and enact the Petroleum Resources Act; will modernize energy policy in Quebec

+ Russel Metals Inc. acquired Jackson Pipe & Steel; terms not disclosed

+ Spartan Energy Corp. announced its 2017 CapEx Budget is $145.0 million

+ Strategic Oil & Gas Ltd. announced its first-hall 2017 CapEx Budget is $30.0 million

+ Tervita Corporation got court approval for its recapitalization transaction

+ Total Energy Services Inc. made an unsolicited takeover bid fro Savanna Energy Services Corp.

+ TransCanada Corporation announced it will proceed with its $655.0 million Saddle West Expansion Project (NovaGas Transmission Ltd.; to be in service by 2019

+ True North Commercial REIT acquired North West Centre in NW Calgary; 77,600 sq. ft. 2-building office complex for $24.5 million

+ TRUMP-watch: Donald Trump is reported to be naming Rex Tillerson (CEO @ ExxonMobil) as his Secretary of State (Senate confirmation might be dicey), he has also indicated an early ‘dealing with’ the Keystone XL Pipeline, whatever that means … and stock markets remain ebullient

+ Zargon Oil & Gas Ltd. announced its 2017 CapEx Budget is $7.8 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Baytex Energy Corp. closed $115.0 million equity financing

+ Boralex Inc. is on the market to raise $150.0 million in equity

+ Calfrac Well Services Ltd. closed $60.0 million equity financing by private placement

+ Fortis Inc. closed $500.0 million sr. unsecured debt financing

+ Gazit-Globe is on the market to raise $90.0 million in convertible unsecured debt

+ GDI Integrated Facility Services Inc. closed $3,750,000.0 convertible unsecured debt financing

+ Great-West Lifeco closed €500.0 million sr. debt financing

+ MCW Energy Group closed US$65.0 million equity financing

+ Montana Exploration Corp. is on the market to raise $2.4 million by a rights offering

+ Morguard REIT is on the market to raise $175.0 million in convertible debt

+ Northwest Healthcare Properties REIT is on the market to raise $70.0 million in convertible debt

+ Relentless Resources Ltd. is on the market to raise $500,000.0 in equity by private placement

+ Ritchie Bros. is on the market to raise US$500.0 million in sr. unsecured debt

+ Shawcor Ltd. is on the market to raise $$173.0 million in equity

+ Spartan Energy Corp. closed $542.6 million in equity financings

+ TAPC Holdings LP (TransAlta Corp. sub.) closed $202.5 million sr. secured debt financing by private placement

+ Tervita Corporation is on the market to raise US$360.0 million in sr. secured debt




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Canadian Tire announced it is adding rapid-recharge electrical vehicle charging stations to 25 locations

+ Prime Minister Trudeau convened a meeting of first ministers in Ottawa to achieve consensus on his national climate change plan/carbon tax framework; seems Manitoba and Saskatchewan won’t sign and B.C. is trying to re-negotiate terms …clearly they are not ‘all in this together’ as the Mr. Trudeau claims … tic toc




 INFRASTRUCTURE / P3  


+ Boralex Inc. agreed to acquire Enercon’s interest in 230MW Niagara region wind farm for $238.5 million

+ Innergex Renewable Energy Inc. agreed to acquire interests in two wind power projects (24MW) in Nouvelle-Aquitaine, France for $15.91

+ Connor, Clark & Lunn Infrastructure and Regime de rentes du Mouvement Desjardins acquired a majority interest in the South Fraser Perimeter Road from ACS Infrastructure Canada Inc., Star America Infrastructure Fund and Ledcor Infrastructure Investments Inc.; terms not disclosed.




 this week in REITS 


+ Automotive Properties REIT closed its $14.3 million acquisition of two Montreal dealierships

+ Morguard REIT is on the market to raise $175.0 million in convertible unsecured sub debt

+ Northwest Healthcare Properties REIT is on the market to raise $70.0 million in convertible debt

+ PRO REIT closed $7.4 million mixed use property acquisition in L’Ancienne Lorette, QB

+ Slate Retail REIT agreed to acquire Norwin Town Square in Pittsburgh, PA for US$18.925 million

+ SmartREIT and Mitch Goldhar are doing a JV TOD development of 700 condo units in Vaughan, ON

+ True North Commercial REIT acquired North West Centre in NW Calgary; 77,600 sq. ft. 2-building office complex for $24.5 million


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com