FACILITYCalgary

+ I was waiting for something extraordinary to happen but as the years wasted on nothing ever did unless I caused it. - Charles Bukowski

+ to many Canadians who earned appointments to the Order of Canada ; 9 Albertans

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FACILITYCalgary FREE

+ Baytex Energy Corp. closed the sale of its Kerrobert thermal asset for $42.0 million

+ Calgary Green Line LRT is a bit of a standoff; the province wants it’s plan and the city sees that scheme will result in an unfunded $1.3 billion price bump from $6.2 billion to $7.5 billion

+ Canadian economy shrinking? ... is our momentum good but fading?

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com / BOE INTEL ~  WTI @ US$69/bbl; Brent @ US$73/bbl ~ 

+ fire season 2024 is over – but, 6 fires remain active in Alberta – all ‘under control’ – with 1,224g fires extinguished

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ Imperial Oil Limited announced its 2025CapExBudget is $1.9 billion

+ Lion Electric Company sought CCAA creditor protection

+ Mayoralty/Calgary city council race watch – Calgary’s election is a year away: Gondek undecided on running again, Jeff Davison declared, Brian Thiessen declared, Joyti Gondek declared; and rumored to be running: Sonya Sharp, Dan McLean so far; new ‘city parties’ are lining up candidates: A Better Calgary Party, The Calgary Party, and the Communities First party

+ MNP in deal with BDO Canada; rationalization of offices – 21 BDO offices, mostly in Alberta, BC and Ontario joining MNP, leaving MNP at 150 offices coast-to-coast

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; check out this week’s issue – sign up is free

+ National Bank got approval to complete it’s acquisition of Canadian Western Bank

+ Nuvei Corporation completed its going-private transaction

+ Pismo Energy Ltd, placed in receivership; KSV is the receiver

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: steady at 589 this week; Canada: down 25 to 166 this week

+ Slate Office REIT internalizing management, changing name to Ravelin Properties REIT, change of management and new CEO

+ STEP Energy Services Ltd. announced its 2025CapExBudget is $78.9 million

+ Surge Energy Inc. closed the sale of a non-core Valhalla area asset portfolio for $9.5 million

+ U.S. Federal Reserve reduced interest rates by 1/4 of 1%

+ Vermilion Energy Inc. agreed to acquire Westbrick Energy Ltd. for $1.075 billion

+ Vermilion Energy Inc. announced its 2025CapExBudget is $600.0 million

+ Yangarra Resources Ltd. announced its 2025CapExBudget is $55.0 million 

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+ Brendan Sterne to Chief Product Officer @ Vention Inc.

+ Brian Mitts to CFO @ NexPoint Hospitality Trust

+ Brian Reinsborough to Director @ Reconnaissance Energy Africa Ltd.

+ Craig Olley to Pres. @ Trigon Pacific Terminals Limited

+ Derek Aylesworth to Director @ Reconnaissance Energy Africa Ltd.

+ Ed Meyer to VP, Blobal Bus. Development & Strategic Markets @ NANUK Equipment Protection Inc.

+ Fletcher Previn to Director @ OpenText

+ Greg Phaneuf to CFO @ Northstar Clean Technologies Inc.

+ Hans Gieskes to Chair and Interim CEO @ Dye & Durham Limited

+ Inez Jabalpurwala to Pres. & CEO @ The Public Policy Forum

+ Jason Moore, to CFO @ Right Time Group of Companies

+ Joe Depa to Global Chief Innovation Officer @ EY

+ Kellie Johnston to Chief Legal and Administration Officer @ Northstar Clean Technologies Inc.

+ Lauren Pearson to Partner @ Bishop & McKenzie LLP

+ Lynda Paananen to Corporate Controller @ Northstar Clean Technologies Inc.

+ Marc Parent, CEO @ CAE Inc., retiring

+ Nancy Ripton to Pres. @ Silver Lining Marketing

+ Peter Van Meerbergen to Pres. & CEO @ Educators Financial Group

+ Phil Brown to Sr. VP, Acquisitions & Leasing @ Hopewell Development

+ Rob Miyashiro elected, MLA for Lethbridge-West @ Government of Alberta

+ Shant Poladian to CEO @ Ravelin Properties REIT

+ Stephanie Mason to CFO @ Greenlane Renewables Inc.

+ Tim Spelliscy to Board Chair @ Covenant Health

~ 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 ]

+ Gary Cioni; restauranteur, lawyer, provincial court judge, sportsman; 84

+ Muriel Stanley Venne; acclaimed Metis activist, former Human Rights Commission Chair; 87

+ Paul Wanklyn; energy industry veteran/leader, sportsman; 67 

+ Abraxas Power Corp. closed a $10.0 million debt financing

+ Blue Moon Metals Inc. closed a $30.0 million equity raise

+ BTQ Technologies Corp. closed a $10.0 million equity raise

+ Buhler Industries Inc. secured an $80.0 million credit facility

+ Cardinal Energy Ltd. is on the market to raise $50.0 million sr. unsecured sub debt

+ Cascadia Seaweed secured a $4.0 million financing

+ Cominar REIT closed a $150.0 million sr. unsecured debt raise

+ Crown Capital Partners Inc. secured a new $15.0 million sr. secured credit faciity

+ Group Dynamite Inc. closed a $313.6 million equity raise

+ Liberty Defense Holdings Ltd. closed an $8.0 million equity raise by private placement

+ Mattr Corp. closed a $129.3 million equity raise

+ Plazacorp Willowgrove REIT is on the market to raise $75.0 million in equity by IPO

+ VersaBank closed a US$75.0 million equity raise

+ Time Magazine’s 200 Best Inventions of 2024, from an eco-friendly shower filter to lab-grown cotton.

+ Popular Science presents the year’s 50 greatest innovations.

+ Fast Company highlights the most impactful corporate innovations.

+ The most innovative tech products, according to Digital Trends.

+ The eight coolest inventions from this year’s Consumer Electronics Show, chosen by Smithsonian Magazine.

+ REIT picks for 2025 – Globe & Mail report

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag

+ Slate Office REIT internalizing management, changing name to Ravelin Properties REIT, change of management and new CEO

+ Indigo refocusing ... tic toc, we’ll see ...

+ Nordstrom’s is going private; a deal involving the Nordstrom family and El Puerto de Liverpool to acquire the company for US$6.25 billion

+ Party City in Chapter 11 bankruptcy process – will shutter its U.S. stores; Canadian stores unaffected ...

+ Dec. 30; Nova Net Lease REIT, Special Meeting of Unitholders, Toronto

2025

+ Jan. 7; Eres REIT, Special Meeting of Unitholders, Toronto

+ Jan. 8; Nova Leap Health Corp., Special Meeting of Shareholders, Halifax

+ Jan. 9; Progressive Planet Solutions Inc., Annual General Meeting, Vancouver

+ Jan. 9; Cogeco Inc., Shareholders Meeting, Montreal

+ Jan. 10; Sernova Corp., Annual General and Special Meeting of Shareholders, London, ON

+ Jan. 14; FuelPositve, Annual General Meeting, Winnipeg

+ Jan. 23; BriaPro Therapeutics Corp., Annual General Meeting, Vancouver

+ Jan. 28; Metro Inc., Annual General Meeting, Montreal

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

~ [please send your 2025 charity golf event notices to kolke@facilitycalgary.com ]

+ Jan. 7-10; CES 2025 (Consumer Electronics Show, register

+ Jan. 23; CEA Partnering with Industry Symposium, Royal Glenora Club, Edmonton; register

+ Apr. 4; Consulting Engineers of Alberta – Showcase Awards Gala 2025; Edmonton Convention Centre

+ Mar. 25-26; Clean Fuels, Canada Summit – Westin Airport Hotel, Calgary – registration opens Dec/24

+ June 9-11; Neocon 2025; The MART, Chicago; calls for programming [deadline Jan 20]

+ June 25-26; Canada’s Net-Zero Forum 2025; Shaw Centre, Ottawa; register

+ Aug. 11-14; Global Indigenous Languages Summit – WAVES 2025, Ottawa; save the date

+ Nov, 20-21; Decentralized Energy Forum, Chateau Frontenac, Quebec City; tickets

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