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FACILITYCalgary June21/22

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ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alain Auclair to Director @ UBS Bank (Canada)

+ Alison Pidskalny to Pres. & CEO @ Fort Calgary

+ Andrew Mok to Interim CFO @ Centric Health Corporation

+ Arvid von zur Muehlen to Chief Commercial Officer @ WestJet

+ Brad Fedorchuk to Exec. VP, Group Customers @ Great-West life, London Life and Canada Life

+ Caleb Morgret to CFO @ PetroShale Inc.

+ Caroline Forsyth, Fund Dev. Mgr., Southern Alberta @ The Rainbow Society of Alberta

+ Christopher Gourley to VP Special Projects @ Strategic Group

+ Coltier Crierie to HR Mgr. @ ZyTech Building Systems LP

+ Edilson Camera to CEO @ Egon Zehnder

+ Gillian Riley to Pres. & CEO @ Tangerine Bank

+ Grant Smith to VP, Ponds Naturals div. @ Pond Technologies Holdings Inc.

+ Jade Neher to Dir. Bus. Dev. @ Wright Construction Western Inc.

+ Jake Lawrence to Co-Group Head, Global Banking and Markets @ Scotiabank

+ James Neate to Co-Group Head, Global Banking and Markets @ Scotiabank

+ Jeff Hart to CFO @ Husky Energy

+ Jeffrey Russell to Pres. @ Accenture Canada

+ Laurae Spindler to Director, Industrial – Calgary @ ONE Properties

+ Linda Hohol to Chair @ The Institute of Corporate Directors

+ Marc DiManno to Business Strategist @ Stantec

+ Mary Hemmingsen to Director @ Stuart Olson Inc.

+ Maxim Atanassov to CFO & VP Strategic Relationships @ REM Loyalty Rewards

+ Maxime Menard to Pres. & CEO @ Jarislowsky Fraser Limited

+ Michael Gray to CFO @ Trinidad Drilling Ltd.

+ Michael Hill, CFO @ Cathedral Energy Services Ltd., retiring

+ Paul Orlander to Exec. VP, Individual Customers @ Great-West life, London Life and Canada Life

+ Pierre Lapointe to Vice-Chairman @ Jarislowsky Fraser Limited

+ Robert Geddes to Pres. & COO @ Trinidad Drilling Ltd.

+ Ron Hamelin to Contract Specialist @ MasTec

+ Richard Norr, Architect, joined that staff of NORR

+ Thomas Renyi, Director @ Royal Bank of Canada, retired

+ Wes Bews, CFO @ Boston Pizza International Inc., stepping down

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




 MEMORIAM

+ George Watson, former Pres. & CEO @ TransCanada Pipelines; 71




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ keeping staff motivated during the holidays

+ Top-Ranked Resources as ranked by HRO Today – 2019 Resource Guide/45 page download

+ workplace wellness programs; discussion of employer’s role




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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


current week data

this  site is refreshed with a new issue every Tuesday morning


updated December 4, 2018




 TODAY'S HEADLINES


HEADLINES: Alberta cutting crude output/prices up! | Ensign Energy Services acquired Trinidad Drilling | Inter Pipeline US$270.0 million acquisition | Notley buying rail cars to ship more crude + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

A recent conversation with George Mylonas, Pres. & CEO @ Landstar Communities

A recent conversation with Aly Bandali, CEO @ Operation Eyesight

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



 sponsors of this week's issue:

 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 SAVE THE DATE / upcoming events

+ Dec. 9-10; 9th Annual Sustainable Innovation Forum 2018/COP24, Katowice, Poland; info/register

+ Feb. 19-21; 31st International Pipeline Pigging & Intergey Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

+ Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration


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



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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NEWS SUMMARY 
 November 27 ~ December 4 


+ Bellatrix Exploration Ltd. Agreed to acquire Ferrier area assets from POSCO Daewoo E&P Canada Corporation for $9.5 million

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices surged on Monday following news of Notley production cuts and Saudi-Russia pact ..

+ Ensign Energy Services Ltd. won the tug-o-war for Trinidad Drilling; acquired 66.73% of common shares, replacing board and management

+ Inter Pipeline Ltd. closed its US$270.0 million acquisition of NuStar Energy’s build liquid storage business (9.1 million barrel capacity)

+ Inter Pipeline Ltd. announced its 2019 CapExBudget is $1.46 billion

+ Kone acquired the Vancouver service operations of Eltec Elevator Ltd.

+ Notley government announced plans to acquire rail cars to bolster oil shipments by 120,000 bbls/day; capital capital cost (80 locomotives and 7,000 rail cars) will be $350.0 million; province is proposing to share the cost with the federal government … tic toc

+ Notley government announces curtailment of Alberta oil production – a cutback of 325,000 bbl/day (8.7% of total provincial production) starting Jan. 1/2019; volumes will be reviewed monthly … tic toc

+ Qatar announced it is pulling out of OPEC

+ rig counts - Canada: down 5 to 199 this week; click for full breakdown

+ rig counts – U.S.: down 3 to 1,076 this week; full breakdown

+ TransCanada Corporation got some relief last week; it’s stalled KeystoneXL project is pending a court decision on whether an injunction will be lifted; meanwhile they got a ruling permitting them to continue with pre-construction activities

+ Trudeau government acknowledged Alberta is in crisis but has offered no measures, initiatives, funding or policy announcements to be of any help – while at the same time Trudeau/Liberals in Ontario are all fussed about a car plant closure; something is sadly out of whack … tic toc

+ USMCA – the treaty to replace NAFTA was signed by Mexico, United States and Canada; details and legislative processes ‘to be resolved’ in all three countries; so, it seems the ‘new deal’ if a fancy napkin with signatures on it – subject to push back in January by a Democrat majority in the U.S. congress; and, U.S. Pres. Trump says he’ll start the 6-month process to end NAFTA … tic toc

+ WesternOne Inc. closed its sale of its equipment rentals and heat business to United Rentals of Canada Inc. for $120.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ CT REIT closed $65.0 million equity raise

+ Loblaw Companies Limited closed $800.0 million in sr. unsecured debt financings

+ Summit Industrial Income REIT is on the market to raise $110.0 million in equity




 CONSTRUCTION NEWS + INNOVATION 

+ Stantec Architecture short-listed for two 2018 World Architecture Festival Awards for the categories of Education, Future Project and Health, Future Project: University of Lethbridge Science and Academic Building – Lethbridge, Alberta (Stantec Architecture/KPMB Architects) and Cambridge Memorial Hospital Redevelopment - Cambridge, Ontario

+ 2018 Top Contractors in Canada




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Innvest opened a 65-storey St. Regis Hotels and Resorts hotel in Toronto; first planting of the St. Regis flag (a Marriott brand) in Canada




 INFRASTRUCTURE / P3  


+ Alberta Health Services and Alberta Children’s Hospital Foundation announced plans for a $50.0 million child mental health centre to open by fall 2021; 3,200 sq. metre project will be located in Hounsfield Heights neighbourhood in Calgary

+ University of Calgary agreed to acquire Shell’s research facility in the University Research Park; terms are fuzzy because the U of C press release refers to a sale and to ‘gift in kind’, so the valuation and terms of the transaction are clearly, and deliberately, hidden from view. Why?




 INTERESTING THINGS IN RETAIL 


+ Sleep Country Canada Holdings Inc. agreed to acquire online mattress seller Endy for $66.7 million

+ Ivanhoe Cambridge is reported to be on the market to sell a 50% non-managing interest in 10 shopping malls across the country




 this week in REITS 


+ Automotive Properties REIT acquired Brimell Toyota property in Scarborough, ON for $26.0 million

+ CT REIT closed $65.0 million equity raise

+ Northview Apartment REIT acquiring 6 Ontario apartment buildings (4 in Toronto, 1 in London, 1 in Chatham) for $131.9 million

+ Summit Industrial Income REIT agreed to acquired 11 light industrial properties (2.1 million sq. ft.) in Montreal, Ottawa and the GTA for $233.-5 million

+ Summit Industrial Income REIT is on the market to raise $110.0 million in equity




 SHAREHOLDER MEETINGS

+ Dec. 7; BlackPearl Resources Inc., Special Meeting of Shareholders, Calgary

+ Dec. 7; International Petroleum Corp., Special Meeting, Calgary

+ Dec. 10; Partners REIT, Meeting of Unitholders, Toronto

+ Dec. 12; Jupiter Resources Inc., Noteholders Meeting/approve recapitalization, Calgary

+ Dec. 19; Blackbird Energy Inc., Special Shareholders Meeting, Calgary

+ Jan. 8; Aimia Inc., Special Meeting of Shareholders, Toronto


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



 QUOTES 

+ The more you think life, the more life gives you to be thankful for. - unknown

+ If you don’t know where you are going, you’ll end up someplace else. – Yogi Berra




 KUDOS 

+ to Ross Roy and crew: the 4th Annual Peter Burgener Memorial Charity Concert raised $159,266 for the Classroom Champions program – Stantec and Mawer were major corporate supporters. Well done!

+ to the Shaw Charity Classic – funds raised at the Labour Day weekend PGA Champions Tour event raised $12.3 million for local children’s charities




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