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FACILITYCalgary June28/22

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CONVERSATIONS

This week's conversation with Going Wild's Brian Keating

A recent conversation with Noreen Music, Managing Director @ Organize My Space

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

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

COMING SOON: Watch for upcoming interviews -  Laura Newcombe, Mitzi Murray, and many more in the new year




SHAKERS AND MOVERS 
appointments and disappointments 

+ Amela Palić to Assoc. VP, Real Estate Development, Western Region @ Canadian Tire Corporation

+ Anthony Giovinazzo to Director @ Microbix Biosystems Inc.

+ Ben Rodney to Director @ Artis REIT

+ Bob Psaradellis to CEO @ Renewable Power Capital Limited

+ Carla Lock to National Estimating Mgr. @ Maple Reinders Group

+ Carolyn Graham to Exec. VP & Chief Risk Officer @ CWB Financial Group

+ Cathy Saroka, Pres. & CEO, Goldray Glass, to Chair @ National Glass Association

+ Chris Rasmussen to Director @ BlueRush Inc.

+ Christine D’Sylva to CFO @ Pizza Pizza Royalty Corp.

+ Christopher Goodrick to Technical Sales Rep. @ Applied Industrial Technologies LP

+ Christopher Hobbs to Interim CFO @ Champignon Brands Inc.

+ Curt Feltner to Sr. VP Strategy & Analytics @ Pizza Pizza Royalty Corp.

+ David Allgood to Director @ Bridging Finance Inc.

+ David Finnie to CEO @ PACE Credit Union

+ David Pickersgill to Director @ Social Venture Partners Calgary

+ Diane Giard to Director @ Equitable Group

+ Emmanuelle Huard-Auray to Head, Engineering and Construction North America @ Swiss Re Corporate Solutions

+ Glen Furtado, Gen. Mgrl. @ Calgary Parking Authority, sacked

+ Grant Rae to VP & District Mgr., Northern Alberta @ Stuart Olson Inc.

+ Hugh O’Reilly to Director @ Bridging Finance Inc.

+ Jason Koonin to CEO @ Bluebird Self Storage

+ Jina Abells Morissette to Director @ Calgary Airport Authority

+ Joyce Franke to Sr. Property Manager @ Edon Management

+ Jennifer Simpson to Account Exec. @ Foster Park Brothers Inc.

+ John Devlin to Associate @ Dolden Wallace Folick LLP

+ John Festival to Director @ i3 Energy plc

+ Katelin McNeil to Project Coordinator @ Midwest Pipeline Inc.

+ Kathryn Jenkins to OCM Lead @ Saskatchewan Apprenticeship and Trade Certification Commission

+ Kerrie Murray to Dir. Bus. Dev., Cyber Security Managed Services @ EY

+ Laura Little to VP Sales and Marketing @ Goldray Glass

+ Mark Kolke to Board Director @ THIRDAction Film Festival

+ Matt Cronin to VP Industrial @ Bird Construction

+ Mellody Hobson to Board Chair @ Starbucks Corp.

+ Michael Loftus to Strategic Advisor @ Ferroque Systems

+ Patti Morris to Exec. Director @ Alberta Real Estate Foundation

+ Pierre Bergevin to Sr. VP and Head of National Advisory @ CMLS Financial

+ R. Matthew Rudd to Exec. VP & CFO @ CWB Financial Group

+ Richard Seccombe to Director @ Avricore Health Inc.

+ Rick Tofani to Exec. Director @ Canadian Energy Pipeline Association Foundation

+ Samir Manji to Interim CEO @ Artis REIT

+ Sheena Clifford to Acting CEO @ Wellspring Calgary

+ Shaun Kingsbury to Chairman @ Renewable Power Capital Limited

+ Sheila Harvie to Managing Director @ Evolution Eco Solutions

+ Stephen Co to CFO @ European Residential REIT and CAP REIT

+ Stephen Nicoletti to National Chair @  BOMA Canada

+ Syed Akhtar to Director, Engineering Technology @ Worley

+ Toby McKenna to CEO @ Rockpoint Gas Storage

~

Note: links in this section are to LinkedIn profiles where available, and otherwise to a relevant posting of the appointment

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




 MEMORIAM 

+ Geoffrey Massey; pioneering western Canadian architect; 96

+ Sheila-Marie Cook, CVO; distinguished Calgarian and servant of Canada, former Deputy of the Governor General of Canada, 81




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ desire to work from home continues to grow

+ HR tech trends for 2021 – watch these four areas

+ 25% of Canadians are rethinking their careers




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 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

 


 Classified advertising: 

+ CBI Newsletter – click here to sign up for it

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




 SAVE THE DATE / upcoming events

+ 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

+ Feb. 23-24; 20th Annual RealCapital Conference (being held virtually), info/sponsors/speakers

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

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore;

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

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

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ 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 ]




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Capital Power Corp. announced it will spend $1.0 billion to switch two coal-fired units at Genesee generating facility to natural gas; conversion to be completed by 2023

+ Emissions Reductions Alberta - $150.0 million available for shovel-ready projects in Alberta; application deadline is December 22nd; information/application




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ please send us your 2021 events

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

~

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID-stats | Alberta ‘in substantial lockdown mode’ | Alberta vaccination program underway | Brexit extension | Global Petroleum show rescheduled | Osum battle + Brian Keating interview + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

RETAINED EXECUTIVE SEARCH - For more information, click here.



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EXECUTIVE COACHING



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


Insolvency/Workouts/Foreclosures:

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Services for Investors/Property Owners/ Buyers:

- due diligence

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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


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OFFICE AND INDUSTRIAL LEASING



 this week in REITs + TRUSTS 


+ Artis REIT closed the sale of Concorde Corporate Centre and Delta Shoppers Mall for $148.3 million

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

+ Artis REIT reconstituted its board and trustee fees

+ BSR REIT sold the West End Lodge/360-doors  in Beaumont, Texas for $44.0 million

+ BTB REIT acquired a 34,200 sq. ft. industrial property in Laval, QC, for $8.1 million

+ Granite REIT acquired a portfolio of seven buildings in the U.S. and Netherlands for $564.0 million

+ Minto Apartment REIT entered JV deal with Darwin Properties Ltd. to develop Phase I of Lonsdale Square in North Vancouver; project is a master-planned community on a long-term land lease from the City of North Vancouver




 QUOTES 

+ Democracy is a device that ensures we shall be governed no better than we deserve. – George Bernard Shaw

+ It is hard to fail, but it is worse never to have tried to succeed. – Theodore Roosevelt




 KUDOS 

+ to Beba Svigir, CEO @ Calgary Immigrant Women’s Association named by WXN as one of three winners: Canada’s Most Powerful CEO

+to Dr. Michael Houghton, University of Alberta virologist won the Nobel Prize (shared by three scientists) for work on Hepatitis C




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:

http://calgaryofficespace.com

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http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Dec. 8 ~ 15 / 2020 


+ Alberta COVID-19 stats: 733 deaths to date, 21,123 active cases of 81,986 confirmed cases to date: aggregate Alberta data – currently, 716 Albertans are in the hospital with COVID-19, and 136 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 instituted new restrictions effective immediately on December 8th; with the balance of measures taking effect at midnight December 13th; it’s masks, stay home, closing or severely limiting or closing many business operations

+ 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

+ Alberta COVID-19 vaccinations starting tomorrow, December 16th; acute care staff in Calgary and Edmonton hospitals to be first ones vaccinated – expected to vaccinate 29,000 health care workers by the end of December …

+ AltaGas Ltd. announced its 2021CapEx Budget is $910.0 million

+ Bank of Canada’s interest review – for the fifth time in a row: holding fast at  0.25%

+ Brexit delayed; the UK deadline for negotiating a new deal with the European Union lapsed on Sunday, and an extension was agreed without a fixed date, but time is waning as the end date of UK’s involvement with the European Union is December 31st … tic toc

+ Canada: Health Canada approved the Pfizer’s two-dose COVID-19 vaccine

+ 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

+ Canadian Natural Resources Limited announced its 2021CapEx Budget it $3.2 billion

+ Canada climate plan announced by the Trudeau government is being well received, but with caution, by the Alberta government and the oil patch; more details to be released soon regarding carbon tax changes and a Clean Fuel Standard … tic toc

+ Cordy Oilfield Services Inc. formed a JV with Marwest Utility Services Inc.; Cordy holds 49%, Marwest, 51%

+ Crew Energy Inc. announced its 2021CapEx Budget is $120.0 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up – over $47/bbl for WTI on market buoyancy on COVID-19 vaccine news and middle east tanker turmoil …

+ Global Petroleum Show re-scheduled; new dates September 21-23, 2029 – Stampede Park

+ Enerkem, with partners, is planning an $875.0 million biofuel plant in Varennes, Quebec; Verennes Carbon Recycling

+ Goldman Sachs agreed to acquire Winnipeg based People Corp. for $1.13 billion

+ Headwater Exploration Inc. announced its 2021CapEx Budget is $85.0 million

+ Highwood Oil Company Ltd. agreed to sell a portfolio of assets for Tamarack Valley Energy Ltd. for $40.8 million

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

+ Input Capital Corp. agreed to acquire SRG Security Resources Group; terms not disclosed

+ Inter Pipeline Ltd. announced its 2021CapEx Budget is $1.0 billion

+ Mullen Group Ltd. announced is 2021CapEx Budget is $60.0 million

+ Pinnacle Renewable Energy (50/50 JV with Tolko Industries Ltd.) commenced pellet production at its new mill at High Level, AB

+ Osum Oil Sands Corp. fighting Waterous Energy Fund takeover moves in application to Alberta Securities Commission – and Waterous is fighting back

+ Pembina Pipeline Corporation announced its 2021CapEx Budget is &785.0 million

+ 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) – up 15 to 338 this week; Canada: up 9 to 111 this week; full breakdown

+ Rocky Mountain Dealerships Inc. – looking at a going-private transaction led by CEO and Chairman that values the company at $135.0 million net of debt

+ SNC-Lavalin closed the sale of its South African Resources unit (1,800 employees) to its local management group

+ Tamarack Valley Energy Ltd. agreed to acquire two asset portfolios – Greater Nipisi & Jarvie areas – for $74.0 million

+ Tervita Corporation acquired Main Line Industries Ltd.; terms not disclosed

+ Topaz Energy Corp. agreed to acquire a portfolio or royalty interests from Tamarack Valley Energy Ltd.

+ United States presidential election process continues: yesterday the 538 members of the Electoral College voted: 302 for Joe Biden, 232 for Donald Trump - next steps, are a vote in the Congress on January 6th when the vote is officially counted by Congress, then the inauguration of the President on January 20th. – meanwhile Trump and his campaign continue to allege their dispute of the election will prevail … tic toc

+ Whitecap Resources Inc. and TORC Oil & Gas Ltd. agreed to merge; all-stock transaction is valued at $900.0 million; TORC shareholders will get Whitecap shares – combined entity will operate as Whitecap

+ Xebec Adsorption Inc. agreed to acquire HyGear for $155.9 million

+ Yangarra Resources Ltd. announced its 2021CapEx Budget is $60.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AbCellera Biologics Inc. raised US$483.0 million in equity by IPO

+ Alaris Equity Partners Income Trust closed $46.0 million equity raise

+ Cielo Waste Solutions Corp. closed $2.055 million in equity financing by private placement

+ Clear Blue Technologies International Inc. is on the market to raise $4.35 million in equity by private placement

+ CT REIT is on the market to raise $150.0 million in sr. unsecured debt

+ Exro Technologies Inc. closed $41.975 million equity financing

+ Freehold Royalties Ltd. closed $47.3 million equity financing

+ GFL Environmental Inc. is on the market to raise US$1.0 billion in sr. secured debt

+ Gibson Energy Inc. is on the market to raise $250.0 million in sub. debt

+ Global Infrastructure Partners closed US$2.0 billion capital raise

+ GreenSpace Brands Inc. is on the market to raise $7.5 million in equity by private placement

+ Haivision Systems Inc. is on the market to raise $30.0 million in equity by IPO

+ HealthSpace Data Systems Ltd. closed $6.5 million equity raise

+ Hydro-Québec closed a private placement of $500.0 million in debenture debt

+ Intact Financial Corporation is on the market to raise $600.0 million in debt by private placement

+ Mountain Valley MD Holdings Inc. is on the market to raise $3.0 million in equity by private placement

+ Qu Biologics Inc. closed $8.0 million equity financing

+ Royal Helium Ltd. is on the market to raise $5.0 million in equity by private placement

+ RioCan REIT closed its $500.0 million in sr. unsecured green bond debt

+ Skylight Health Group Inc. is on the market to raise $12.0 million in equity

+ Summit Industrial Income REIT is on the market to raise $200.0 million in sr. unsecured debt

+ Tamarack Valley Energy Ltd. is on the market to raise $47.0 million in equity

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

+ ViveRE Communities Inc. closed $9.57 million in equity

+ Xebec Adsorption Inc. is on the market to raise $125.0 million in equity by private placement

+ Xebec Adsorption Inc. is on the market to raise $55.0 million in equity

~

*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. 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. 15; Stoneway Capital Corporation, Meeting of Noteholders, Toronto

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

+ 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

+ Jan. 12; Alberta Real Estate Association, Annual General Meeting, Edmonton

+ Feb. 8; Interlapse Technologies Corp., Annual General and Extraordinary Meeting, Vancouver

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ the future of airport design rethinking




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Allied Properties REIT published its inaugural ESG report




 INTERESTING TRENDS IN RETAIL 


+ T & T Supermarkets opened their third Calgary location in Deerfoot Meadows


© 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