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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Adrian Benoit to Partner @ GEC Architecture

+ Bruno Carbonara to CEO @ Velan Inc.

+ Carla Jones to Assistant Director, Communications @ Alberta Environment

+ Chris Hadfield to Director @ Bioharvest Sciences Inc.

+ Christine Cruz-Clarke to CEO @ Balzac’s Coffee Roasters

+ Darren Finnbogason to Bus. Dev. Mgr. @ Maple Reinders Group

+ David Aisenstat, Vice-Chair @ Recipe Unlimited Corp., retiring

+ David Cohen to U.S. Ambassador to Canada @ U.S. State Department

+ David Sharma to Director @ Swarmio Media Holdings Inc.

+ Debbie Jackson to Exec. Assistant @ Lions Den Capital Corp.

+ Dr. Marie Delorme to Director @ Premium Brands Holdings Corporation

+ Eric Dupont to CTO @ Premier Health of America Inc.

+ Erin Crowe, CFO @ Martello Technologies, stepping down

+ George Przyblylowksi, VP Real Estate @ Informa Canada, retiring

+ George Reznik to Director @ Katipult Technology Corp.

+ Gillian Carr to Partner @ GEC Architecture

+ Hugh Cumming to Chief Technical Officer @ Vena

+ James Kinley to CFO @ Algernon Pharmaceuticals Inc.

+ Jamie Coulter to CEO @ Raymond James Ltd.

+ Jason Gibbs to Co-head of the Equity Income Team @ Scotia Global Asset Management

+ John Maniawski to Pres., Green Energy Div. @ Kiwetinohk Energy Corp.

+ John Raines to Pres. @ TELUS Agriculture

+ Kathryn Fric to Chief Risk Officer @ Ontario Teachers’ Pension Plan

+ Kevin Laird to Director of Sales, Canada @ ZS2

+ Laura Schwinghammer to Manager, Talent Acquisition @ VMware

+ Luke Magdy to Gen. Mgr. Chisholm Industries Ltd.

+ Karen Porteous to Controller @ GWL Realty Advisors

+ Kathryn Borgatti to Sr. VP and General Counsel @ The Great Gulf Group

+ Marcel Tietze to Buyer @ TransAlta

+ Mark Stables to Gen. Mgr. Operations @ Matco Moving Solutions

+ Neil McDonnell to Director @ Freshlocal Solutions Inc.

+ Patrick Mosca to Director of Construction @ Minto Group

+ Paul Allison to Exec. Chairman @ Raymond James Ltd.

+ Peter Montano to VP, Projects @ B2Gold Corp.

+ Randall Graham to Creative Director @ District Ventures Plus

+ Richard Blouin to Partner @ GEC Architecture

+ Roger Depatie, to Pres. & COO, Home Business @ Rogers Communications

+ Ruth Klinkhammer to Communications Director @ Canada West Foundation

+ Scott Hartley to COO @ Arcane

+ Stephen Haifawi to Pres. @ Hoya Vision Care, Canada

+ Susan Hughson, Executive Director @ ASIRT, resigned

+ Tony Mammone to VP Client Relations/Sustainable Solutions @ Mass Timber Services Ltd.

+ Tom Holloway to Chief Accounting Officer @ Shawcor

+ Tony Smith, VP Bus. Dev. @ Carbon Copy Digital, sold his interest and is leaving the company

+ Vikram Rajagopalan to Exec. Managing Dir., Global Head of Capital Raising @ Trez Capital

~ 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 

+ Beth Diamond; public relations executive extraordinary, 67

+ Brian Hesje; FCPA; former Director and Board Chairman @ ATB, philanthropist




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ dealing with anti-vaxxers in the workplace

+ office parties – really?




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CONVERSATIONS

Click here to access the archive (2012-2021) : Mark Kolke's conversations with fascinating Calgarians ...



 get Mark Kolke to speak 
to your group / meeting / conference 

some recent talks

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CONTACT MARK KOLKE 
 KEYNOTE SPEAKER AND WORKSHOP LEADER



 SHAREHOLDER MEETINGS

+ Dec. 8: Canadian Pacific Railway Limited, Special Meeting of Shareholders, virtual-only

+ Dec. 13; H&R REIT, Special Meeting of Unitholders, virtual-only

+ Dec. 20; XORTX Therapeutics Inc. , Annual & Special Meeting of Shareholders, Calgary/virtual

+ Jan. 27; Alberta Real Estate Association, Annual General Meeting, Banff

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Ontario Teachers’ Pension Plan Board agreed to acquire 50% interest in a wind portfolio from NextEra Energy (2,520MW/13 sites) for US$849.0 million




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CONSTRUCTION NEWS + BUILDING SERVICES INNOVATIONS 

+ CIMA+ acquired Bogdanov Pao Associates

+ Ecometrix acquired Calder Engineering

+ Graham Group agreed to acquire North American assets of AECOM’s Energy Operations and Maintenance unit




THIRD ACTion is focusing attention on - needs, accomplishments and celebration of our older citizens; click here to buy a 50/50 draw (only Alberta residents please). 




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 THIS WEEK'S HEADLINES


ATCO troubles | Cenovus dispositions + deals + rig counts + upcoming events, appointments + ESG reports + financings




 Sponsors of this week's issue:

Visit: https://www.incito.ca/
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E-mail:  inspire@incito.ca

EXECUTIVE COACHING



Visit: Levvel.ca
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E-mail: connect@levvel.ca
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OUR SERVICES



Visit: https://falkbuilt.com/
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E-mail: thom.hinton@falkbuilt.com
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DIGITAL COMPONENT CONSTRUCTION



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult
~
Visit: https://www.moodystax.com
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E-mail: kmoody@moodystax.com
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OUR SERVICES

TAX LAWYERS


TAX ACCOUNTANTS



Contact Zelos for a free consultation today
~
Visit:  www.zelosglobal.com
~
Video Conference:  Booking Calendar
~
E-mail: kareen@zelosglobal.com

 LEADERS IN PRIVATE WEALTH MANAGEMENT



Contact Razerlift: sales@razerlift.com 
https://razerlift.com/

AUTOMATED ROOFTOP CARGO



BennettJones.com



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



 INTERESTING TRENDS IN OFFICE REAL ESTATE ...

+ workplace trends – the new receptionist

+ workplace trends – multifaceted outdoor workspaces

+ workplace trends – strategies for smarter space planning




 INFRASTRUCTURE + P3 

+ Ontario Teachers’ Pension Plan Board agreed to acquire 50% interest in a wind portfolio from NextEra Energy (2,520MW/13 sites) for US$849.0 million

+ TransAlta Renewables Inc. announced its 206.4 MW Windrise wind facility commenced commercial operation




 CORPORTE RESPONSIBILITY + ESG REPORTS 

+ Tamarack Valley Energy Ltd. published its 2021 Sustainability Report



 QUOTES 

+ The secret of getting ahead is getting started. – Mark Twain

+ Hustlers don’t sleep, they nap. – unknown 




CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



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 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 Dec. 1~ 7 / 2021 


+ Advantage Energy Ltd. announced its 2022CapEx Budget is $75.0 million

+ Alberta crude oil production hit a record in October – 119 million barrels/3.84 million bpd

+ ATCO Energy Solutions acquired 100% of Alberta Hub natural gas storage facility

+ ATCO Ltd. and Canadian Utilities Limited mea culpa – they are promising fixes ; AUC investigating

+ Athabasca Oil Corporation announced its 2022CapEx Budget is $128.0 million

+ AutoCanada Inc. closed its acquisition of an 11-dealership portfolio from Autopoint Group for $345.0 million

+ Baytex Energy Corp. announced its 2022CapEx Budget is $2.1 billion

+ Cenovus Energy announced deals to dispose of assets for $660.0 million; Montney assets and Husky service station portfolio

+ ConocoPhillips announced its 2022CapEx Budget is US$7.2 billion

+ COVID-19 in Alberta full current stats – Omicron variant watch continues; [ 4,374 active cases – 366 in hospital, 72 patients in intensive care, deaths to date from COVID – 3,263] – booster (3rd doses) now available to over 60; QR codes now required to replace paper vaccination records – click here to get the app

+ Crescent Point Energy Corp. announced its 2022CapEx Budget is $825.0 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude had an OK weekon the heels of a Saudi price hike – WTI @ US$70/bbl, Brent @$73/bbl

+ CWC Energy Services Corp. announced its 2022CapEx Budget is $9.9 million

+ Dye & Durham Limited acquired TELUS Financial Solutions unit for $500.0 million

+ Exxon Mobil announced its 2022CapEx Budget is US$20.0 billion

+ Federated Co-operatives Limited agreed to acquire 181 Husky retail fuel sites from Cenovus Energy Inc. for $264.0 million

+ Gibson Energy Inc. announced its 2022CapEx Budget is $150.0 million

+ GOC – response to throne speech; comments courtesy of Business Council of Alberta

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

+ InPlay Oil Corp. and Prairie Storm Resources Corp. completed their combination; will operate as InPlay Oil Corp.

+ MEG Energy Corp. announced its 2022CapEx Budget is $375.0 million

+ Ontario Teachers’ Pension Plan Board agreed to acquire 50% interest in a wind portfolio from NextEra Energy (2,520MW/13 sites) for US$849.0 million

+ Parkland Corporation agreed to acquire a portfolio of 156 retail locations from Cenovus Energy for $156.0 million

+ PrairieSky Royalty agreed to acquire the Western Canadian royalty assets of Heritage Royalty for $728.0 million

+ PROPERTYlines;  – monthly commercial real estate; archived Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: steady at 569 this week; Canada: up 9 to 180 this week; full breakdown and international rig counts

+ Shell Enterprises LLC closed the sale of its Permian assets to ConocoPhillips for US$9.5 billion

+ THIRD ACTion Film Festival is running a 50/50 draw – info/buy tickets – for a draw on December 22nd; only Alberta residents eligible

+ Trans Mountain pipeline restarted after its storm-related shutdown

+ West Fraser Timber Co. Ltd. closed its acquisition of OSB mill at Allendale, SC

+ Yangarra Resources Ltd. announced its 2022CapEx Budget is $105.0 million




THIRD ACTion is focusing attention on - needs, accomplishments and celebration of our older citizens; click here to buy a 50/50 draw (only Alberta residents please). 




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Boralex secured $525.0 million revolving credit facility

+ Chemtrade Logistics Income Fund is on the market to raise $120.0 million in convertible debt

+ Emergia Inc. closed $2.0 million 2nd tranche of a convertible debt raise by private placement

+ Exchange Income Corporation closed $115.0 million debt financing

+ Freshlocal Solutions Inc. closed $13.9 million equity raise by private placement

+ Manulife Investment Management closed its US4.65 billion infrastructure fund equity raise

+ mCloud Technologies Corp. closed US$1.417 million overallotment of its recent equity raise

+ METRO Inc. closed $300.0 million sr. unsecured debt financing

+ NexLiving Communities Inc. closed $3.45 million tranche of an equity financing by private placement

+ Obsidian Energy Ltd. secured $260.0 million credit facility

+ Prophecy DeFi Inc. is on the market to raise $10.0 million in convertible debt

+ Ritchie Bros. Auctioneers Incorporated is on the market to raise $935.0 million in sr. unsecured debt

+ Shawcor Ltd. is on the market to raise $150.0 million in sr. unsecured debt

+ Skylight Health Group Inc. is on the market to raise US$5.8 million preferred share issue

+ Starlight Western Canada Multi-Family (No.2) Fund is on the market to raise $100.0 million in equity by IPO

+ Tetra Bio-Pharma Inc. is on the market to raise $13.0 million in equity

+ Third Eye Asset Management Inc. closed $225.0 million tranche of an equity raise

+ Timbercreek Financial Corp. closed $40.0 million convertible debt financing

+ Topaz Energy Corp. secured $700.0 million credit facility

+ TransAlta Renewables is on the market to raise $173.0 million in debt

+ Wondr Gaming Corp. is on the market to raise $10.0 million in equity

*editor’s note: names companies involved in arm’s length debt and equity 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 …




 SAVE THE DATE / upcoming events

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

2022

+ Jan. 14-16; Calgary Renovation Show, BMO Centre, Stampede Park; info/times/tickets

+ Feb. 3; Business Transitions Forum, Westin Hotel, Calgary; info/register

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

+ Apr. 6-8; Economic Developers of Alberta – EDA Experience 2022, Pomery Kananaskis Moutain Lodge, Kananaskis; info/partner/call for presenters

+ May 4-6; NORTH51 Conference - RECOMBINATION, Rimrock Hotel, Banff; info/register

+ May 26; Top 7 Over 70 awards gala, Hyatt Regency, Calgary; info/tickets

+ June 6-9; Canadian Gas Association, Annual Technical Conference 2022 – Find Your Energy!; Toronto Sheraton, Toronto; info/register

+ June 7-9; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

2023

+ Sept. 17-21; 24th World Petroleum Congress – Energy Transition – the path to Net Zero, info/sponsorship/registration

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


© 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