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

+ Alex Barker to Leader, Aviation Business @ AXA XL

+ Amos Kazzaz to Exec. VP & CFO @ Air Canada

+ Ann McLellan to Director @ Summit Industrial Income REIT

+ Azim Lalani to Director @ UBC Investment Management Trust Inc.

+ Blair Tamblyn, Director @ StorageVault Caanda Inc., stepped down

+ Benjamin Harris to Director @ StorageVault Canada Inc.

+ Casey McQueen to Associate @ HMC Lawyers LLP

+ Chris Marks to Talent Acquisition Mgr. @ Seequent

+ Christopher Cave to CEO @ The FlightHub Group

+ Curtis Duggan to CEO @ Streamline Genomics

+ Farrukh Anwar to CFO @ Clear Blue Technologies Inc.

+ George Andrews to CEO @ Alzheimer Society of Alberta and Northwest Territories

+ Hamish Knox to Advisor @ STS Capital Partners

+ Hugues Simon to Pres., Wood Products @ Resolute Forest Products Inc.

+ Hyewon Kong to Director @ Director @ UBC Investment Management Trust Inc.

+ Joe Lambert to Pres. & CEO @ North American Construction Group Ltd.

+ John Kim to Director @ Emerge Commerce Ltd.

+ John Cowan to Chief Technology and Operations Officer @ Payments Canada

+ John Welborn to Director @ HLS Therapeutics Inc.

+ Larry Benke, Director @ Cervus Equipment Corporation, retired

+ Lesley Brown to Marketing & Data Coordinator, Western Canada @ Authentic Wine and Spirit Merchants

+ Lois Cormack to Director @ Medical Facilities Corporation

+ Marilynne Day, Director @ Medical Facilities Corporation, retired

+ Martin Ferrron to Executive Chairman @ North American Construction Group Ltd.

+ Matt Burns to Regional Sales Mgr., Western Canada @ Exabeam

+ Michael Crothers, Pres. & Country Chair @ Shell Canada Limited, retiring

+ Michael Liggett to CFO @ Itasca Capital Ltd.

+ Michelle Pink to Principal/Regional Leader, Property Tax (Western Canada) @ Ryan

+ Renato Rodriques to Country Manager, Canada @ AXA XL

+ Scott Seguin to Pres., Western Canada @ lastSmile.ca

+ Sharon Doyle to Sr. Learning & Dev. Specialist @ Canadian Western Bank

+ Susannah Pierce to Pres. & Country Chair @ Shell Canada Limited

~

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 ]

+ Doug Parkin; retired founder of Crestview Floors; 92

+ Warren Connell, visionary leader, CEO @ Calgary Stampede

+ does it make sense to go fully remote?

+ navigating digital connectivity for the distributed workforce

+ 50 companies with the best workplace culture

+ Jan. 4-7; FemPreneurs – Leadership & Marketing Conference, info/register

+ 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; 20^th 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

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

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 ]

+ Canadian Pacific announced plans to pilot a hydrogen-powered locomotive

+ 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 ]

+ Play by the rules, but be ferocious. – Phil Knight

+ Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it. – Andy Rooney

FACILITYCalgary FREE

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IN THIS ISSUE: Alberta COVID-stats | AIMCo JV | Cenovus-Husky merger is a go | crude up | irrigation funding | Osum battle tic toc + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

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

+ AIMCo JV with Alpine Grow Partners – to boots their stake in Aurelis Real Estate/German light industrial real east portfolio

+ Apollo Global Management appears to have won the bidding war for Great Canadian Gaming Corp.; $2.5 billion takeover bid is supported by more than 50% of shareholders … so 26 locations across Canada will change hands next year …

+ CPP Investments acquired the Trafford Centre, in Manchester, UK – the prime shopping centre in that city, CPPIB had previously provided financing to the owners, and this takes the property out of insolvency administration …tic toc

+ Choice Properties REIT completed an acquisition of a 6-property portfolio of industrial properties from Weston Foods (Canada) Inc. for $79.1 million

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 weekly newsletter

Est. July, 1999

+ Alberta COVID-19 stats: 860 deaths to date, 19,165 active cases of 91,459 confirmed cases to date: aggregate Alberta data – currently, 795 Albertans are in the hospital with COVID-19, and 151 of those are in intensive care units

+ Alberta instituted new restrictions effective immediately on December 8^th; with the balance of measures taking effect at midnight December 13^th; 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

+ AIMCo JV with Alpine Grow Partners – to boost their stake in Aurelis Real Estate/German light industrial real east portfolio

+ Alberta COVID-19 vaccinations:

+ AltaGas increased its position in Petrogas Energy Corp. by 37% to 75% at a cost of $715.0 million

+ Canada: Hydrogen Strategy for Canada was released

+ Calfrac Well Services Ltd. completed its amended recapitalization transaction

+ Canada Infrastructure Bank to invest $407.5 million, and Alberta will contribute $244.5 million, and eight southern Alberta irrigation districts will contribute $163 million – the financial close is done – the Alberta Irrigation Project is $815.0 million to support 1.4 million irrigated acres

+ Cenovus Energy and Husky Energy merger is a go; shareholders of both companies approved the combination; Cenovus will acquire Husky and operate as Cenovus Energy Inc.; all regulatory approvals obtained so they anticipate a January 1^st closing – no word yet on when the resultant layoffs of staff will unfold … tic toc

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up, approaching US$50/bbl for WTI as inventories fell due to ‘good news’ on COVID vaccines – but prices abruptly retreated on news of the UK shutdown and shaky stock markets

+ Enbridge Inc. agreed to acquire Blueknight Energy Partners LP in Cushing, OK, for US$132.0 million which will expand storage capacity in Cushing by 6.6 million barrels/34-tanks

+ Gear Energy Ltd. announced its 2021CapEx Budget is $20.0 million

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

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

+ Jupiter Resources Ltd. completed its transaction to be acquired by Tourmaline Oil Corp.; transaction value is $630.0 million

+ Opportunity Calgary Investment Fund committed $3.0 million to LodgeLink Inc.’s initiative to create 300 new tech jobs in Calgary over 5 years

+ Obsidian Energy Ltd. continues in its pursuit of Bonterra Energy Corp; it’s takeover bid amended and extended

+ Osum Oil Sands Corp. proxy struggle continues regarding Waterous takeover bid; hearing set

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

+ rig activity in Canada

+ rig counts (active/working) – up 8 to 346 this week; Canada: down 9 to 102 this week; full breakdown

+ Royal Dutch Shell announced it is writing down oil and gas assets between US$3.5-$4.5 billion due to impairments in GOM fields, refinery closings and LNG contracts – and these charges related to planned restructuring in 2021

+ Tamarack Valley Energy Ltd. closed its $74.0 million acquisition of Clearwater, Nipisi, and Jarvie area assets

+ Transat A.T. Inc. board approved of the Air Canada takeover transaction and got court approval

+ Trans Mountain expansion project construction paused; two-week delay by the company over safety concerns … tic toc

+ Air Canada is on the market to raise $850.0 million in equity

+ Baylin Technologies Inc. closed $5.0 million equity raise by private placement

+ Baylin Technologies Inc. closed $1.0 million equity raise from a controlling shareholder

+ BridgePoint Financial secured $100.0 million credit facility

+ CHIP Mortgage Trust closed $250.0 million sr. debt financing

+ Dye & Dunham Limited closed $225.0 million equity raise by private placement

+ E3 Metals Corp. closed $5.0 million equity raise by private placement

+ Fission Uranium Corp. closed $70.0 million equity financing

+ GFL Environmental Inc. is on the market to raise US$1.31 billion in sr. secured debt

+ Haivision Systems Inc. closed $34.5 million equity financing by IPO

+ Intact Financial Corporation closed $600.0 million debt raise by private placement

+ International Consolidated Uranium Inc. is on the market to raise $5.0 million

+ MagicMed Industries Inc. closed $8.1 million equity financing by private placement

+ MindBeacon Holdings Inc. is on the market to raise $10.0 million in equity by IPO

+ Mind Medicine Inc. is on the market to raise $80.08 million in equity

+ NEO Financial closed $50.0 million equity raise

+ NEXE Innovations Inc. closed $14.2 million equity raise

+ PlantX Life Inc. closed $11.5 million equity raise by private placement

+ Ridgewood Canadian Investment Grade Bond Fund closed an $11.7 million fund raise

+ Standard Lithium Ltd. closed $34.5 million equity raise

+ Sagard Credit Partners II closed US$650.0 million equity raise

+ Score Media and Gaming Inc. closed $40.0 million equity raise

+ SHARC International Systems Inc. closed $3.0 million equity raise by private placement

+ TAAL Distributed Information Technologies Inc. closed secured US$7.0 million debt financing

+ Vail Resorts Inc. is on the market to raise US$500.0 million

+ Venzee Technologies Inc. closed $2.0 million equity financing by private placement

+ Zevia LLC closed US$200.0 million equity raise 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 …

+ 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

+ Dec. 28; Stoneway Capital Corporation, Meeting of Noteholders, Toronto virtual only

+ 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 ]

+ Ontario lockdown starting Dec. 26 will shut down construction industry

+ Pantone – colour of the year for 2021 – Ultimate Gray:

+ two options to replace Massey Tunnel in Metro Vancouver

+ BMO Financial Group published its 2020 Sustainability Report and Public Accountability Statement

+ Dream Group of Companies released their 2019 Sustainability Report – 65 page PDF download

+ Keyera Corp. published its inaugural ESG report – 41 page PDF download

+ Norbord Published its 2020 ESG Report

+ Paramount Resources published its 2020 ESG Report

+ Calgary’s Green Line LRT project is likely to be postponed as the city and provincial transportation authorities dither; it seems shovel-ready is a convenient term to toss out for Kenny and Trudeau, but this seems more complicated in politics than by facts … tic toc

+ Canada Infrastructure Bank to invest $407.5 million, and Alberta will contribute $244.5 million, and eight southern Alberta irrigation districts will contribute $163 million – the financial close is done – the Alberta Irrigation Project is $815.0 million to support 1.4 million irrigated acres

+ the Government of Canada announced plans to consult with a wide range of Canadian stakeholders in the lead up to establishing The Canada Water Agency

+ Torquest Partners completed their acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoé Cambridge; terms not disclosed, but media reports suggest the deal was in the $637.0 million range