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FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Adrian Pelosi to Exec. VP, Chief Risk Officer & Treasurer @ Canaccord Genuity Group Inc.

+ Artie Kos, CEO & Chairman @ Canadian Equipment Rentals Corp., resigned

+ Ashleigh Everett to Director @ Canada Pension Investment Board

+ Barry McMillan, Pres. @ RouteOne Canada Corp., retired

+ Brad Munro to Interim CEO & Chairman @ Canadian Equipment Rentals Corp.

+ Chris Davis to Principal @ RJC Engineers

+ Christian Buhagiar to Pres. & CEO @ Supply Chain Management Association

+ Dayel Peterson to Director, Field Operations @ Legend Power Systems Inc.

+ David Allen to Chair @ Calgary Chamber of Commerce

+ Don Fairgrieve-Park to Exec. VP, BC @ QuadReal

+ Don MacFayden to Exec. VP & CFO @ Canaccord Genuity Group Inc.

+ Doug Baker, Director @ RMP Energy Inc., retired

+ Jaimie Lalinde to Pres. & CEO @ Stetson Oil & Gas Ltd.

+ James Simpson, Chairman @ Suncor Energy Inc., retiring

+ Jeff Hyde to Sr. VP Development, Prairies @ QuadReal

+ Jill Schofield to Managing Dir. Calgary @ ZRG Partners

+ John Marotta to Sr. VP Development @ QuadReal

+ John Montalbano to Director @ Canada Pension Investment Board

+ Kate Foster to Associate @ McLeod Law

+ Luke Seabrook to Pres. & COO @ BMO Capital Markets

+ Madeleine Schmidts to Associate Principal @ S2 Architecture

+ Margaret Byl, Director @ Pengrowth Energy Corporation, resigned

+ Michael Wilson to Chairman @ Suncor Energy Inc.

+ Mike Bowen to Principal @ RJC Engineers

+ Neil Parkinson to Director @ Genworth MI Canada Inc.

+ Patrick Burgess to Principal @ Burgess Energy Advisors

+ Richard Morden to Sr. VP Office, Prairies @ QuadReal

+ Richard Whitehead to Director, Marketing @ Legend Power Systems Inc.

+ Scott Taylor, Exec. VP Prairies @ QuadReal

+ Steve Barnett to COO @ QuadReal

+ Su Chun to CFO @ Dalmac Energy Inc.

+ Subhi Alsayed to VP Sustainable Dev. @ Mattamy Homes

+ Susan MacLaurin to Exec. VP Corp. Dev. @ QuadReal

+ Zoe Addington to Dir. Policy, Research & Gov. Relations @ Calgary Chamber of Commerce


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




IN MEMORIUM
SHAKERS AND MOVERS who left us 

+ Bill Britton, Q.C., retired partner and Chairman Emeritus @ Bennett Jones, former Calgary Stampeder (player and President) died

+ Donald Skinner, founder of Skinner Management Company Ltd., died

+ Nav Ghali, marketing whiz in engineering, architecture and finance, died

+ Roy Heenan, co-founder of the former Heenan Blaikie law firm, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Egon Zehnder published its Global Board Diversity Analysis



 SHAREHOLDER MEETINGS

+ Feb. 16; Columbia Pipeline Partners LP, Special Meeting of Unitholders, Houston

+ Feb. 28; Bayshore Petroleum Corp., Annual General Meeting, Calgary

+ Mar. 8; Blackbird Energy Inc., Annual and Special Meeting of Shareholders, Calgary


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ 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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ G&A – general and administrative

+ HOOP – Healthcare of Ontario Pension Plan

+ IEA – International Energy Agency

+ IFMA – International Facility Management Association

+ 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

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ mezz – mezzanine debt

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Feb. 14, 2017




 TODAY'S HEADLINES


HEADLINES: Alberta land sale | ACQUISITIONS | ASC Strategic Plan | Dakota Access | Leduc No. 1 at 70! | RECEIVERSHIPS | Statoil on acquisition hunt | Superior buys Canwest for $412 million |Trudeau/Trump meetup + Jarett Thompson interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Jarett Thompson, VP, New Leasing and Sales @ Melcor

Last week's piece ... a tribute to Arnold Churgin, footwear genius

A receht conversation with Brad Krizan, Western Regional Pres. at Premiere Suites - Western Ltd.

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



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 sponsors of this week's issue:

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OFFICE AND INDUSTRIAL LEASING



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RESIDENTIAL SALES



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SEE YOUR 
BRAND HERE



e-mail Lance Laliberte - Sales at PREMIERE OFFICE MOVERS
 
OFFICE MOVERS



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



 SAVE THE DATE / upcoming events

+ Mar. 2-5; Calgary Home + Garden Show, BMO Centre, Stampede Park; info/tickets

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Mar. 23; EPAC Awards, Calgary Petroleum Club, Calgary; info/tickets

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ Apr. 5-7; National Privacy & Data Governance Congress, Carriage House Inn, Calgary; info/register

+ Apr. 10-11; North American Crude Oil Summit, Omni Houston Hotel, Houston, TX; info/register

+ Apr. 20; Saskatchewan Real Estate Forum, Queensbury Convention Centre, Regina; info/register

+ Apr. 26; Administrative Professionals Day - everywhere

+ June 5; World Environment Day - time to save the planet

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



 CONSTRUCTION NEWS + INNOVATION 


+ DIRTT Environmental Solutions Ltd. launched an innovation – transforming existing DIRTT interior wall systems into foldable collapsible structures; ‘Leaf’ program, currently in prototype phase, facilitates retrofitting onto any DIRTT product … so, improved sustainability and keep more material out of the landfill




INTERESTING REAL ESTATE NEWS, other places


+ Larco Investments are planning two-towers as a north annex to the Chateau Laurier Hotel in Ottawa




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NEWS SUMMARY 
 Feb. 7 ~ 14 


+ Alberta Land Sale on Feb. 8th netted GOA $35.1 million, best in over two years

+ Alberta Securities Commission released its 2018 – 2020 Strategic Plan

+ Birchcliff Energy Ltd. announced its 2017 CapEx Budget is $355.0 million

+ Calgary census (May 2016) says we are still growing; births exceeded deaths and out-migration – and ranks Calgary still as Canada’s fastest growing city notwithstanding the economic downturn in the oil patch

+ Canadian Equipment Rentals Corp. closed $8.5 million sale of its 4-Way Equipment Rentals Corp. sub. to Cooper Rentals Canada Inc.

+ Chinook Energy Inc. sold a portfolio of non-core Knopcki/Pipestone are assets for $7.5 million

+ Chinook Energy Inc. announced its 2017 CapEx Budget is $40.0 million

+ Clearview Resources Ltd. closed its $11,355,000 acquisition of a portfolio of Wilson Creek area assets

+ CN announced its 2017 CapEx Budget is $2.5 billion

+ current energy prices – live link to current Bloomberg energy prices; prices holding steady on reports OPEC has 90% initial compliance in its out-put cut/price support strategy

+ Dakota Access Pipeline is a go; court action to stall if failed. Energy Transfer Partners can now complete the US$ 3.8 billion project

+ Kontrol Energy Corp. closed its $4.6 million acquisition of Ortech Consulting Inc.

+ Mr. Trudeau goes to Washington: Prime Minister Justin Trudeau met with President Trump … discussed trade, gender equality and immigration (and hopefully pipelines, beef and softwood lumber too); in statements and press-conference Q + A they tiptoed around immigration/refugee and trade questions, avoided climate change altogether – smiling, making nice, undertaking to keep the relationship stable and growing – but substance-light in their comments. Trump said he expects only ‘tweaking’ of trade relationships with Canada … tic toc

+ Pengrowth Energy Corp. in talks to sell $500.0 million in Alberta assets to Infor Acquisition Corp.

+ Petrocapita Income Trust closed its acquisition of Canadian properties and assets of Maha Energy Inc. for $1.650,000.0

+ Pine Cliff Energy Ltd. announced its 2017 CapEx Budget is $18.5 million

+ Quattro Exploration and Production Ltd. in receivership; action by BDC – Hardie & Kelly Inc. are court appointed receivers

+ Statoil ASA in on the hunt for investments; announced 2017 CapEx Budget is US$11.0 billion with plans for US$12.0-14.0 billion/yr. for next three years

+ Superior Plus Corp. agreed to acquire Canwest Propane, Gibson Energy’s industrial propane business for $412.0 million

+ Virginia Hills Oil Corp. is in receivership; Alvarez & Marsal Canada Inc. are receivers

+ Whistler’s ICSC conference was a big hit again this year; I didn’t make it but my friend Mike Kehoe did and he offers this report

+ yesterday marked the 70th Anniversary of Leduc No. 1




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. is on the market to raise $300.0 million in equity by a preferred share issue

+ Automotive Properties REIT closed $46.0 million equity financing

+ Aveda Transportation and Energy Services Inc. is on the market to raise $20.0 million in equity by an IPO

+ BonTerra Resources Inc. is on the market to raise $12,902,400.0 in equity by a flow-through shares issue

+ Brookfield Renewables Partners L.P. are on the market to raise $275.0 million in preferred equity

+ Clearview Resources Ltd. is on the market to raise $16.0 million in equity

+ Grande West Transportation Group Inc. is on the market to raise $12,027,000.0 in equity

+ Hyduke Energy Services Inc. is on the market to raise $11.5 million in equity

+ Petrocapita Income Trust is on the market to raise $20.0 million in equity

+ Questerre Energy Corporation closed $24.0 million equity financing by private placement

+ Raise Production Inc. closed $1,778,036.0 first tranche of its equity financing

+ Renntiger Resources Limited closed $1.4 million equity financing

+ Strad Energy Services Ltd. closed $15.0 million equity financing

+ Timbercreek Financial closed $46.0 million convertible debt financing

+ Trinidad Drilling Ltd. closed $149.5 million equity financing

+ Trinidad Drilling Ltd. closed US$350.0 million unsecured sr. debt financing by private placement




 QUOTES

+ If you have much, give of your wealth; if you have little, give of your heart. – Arabian proverb

+ Most of us spend too much time on what is urgent and not enough time on what is important. – Stephen Covey




 KUDOS

+ to Manjit Minhas (CEO, Minhas Breweries & Distillery) and Rich Kruger (Pres. & CEO, Imperial Oil) named co-Chairs of 2017 United Way of Calgary and Area campaign




 NEW TECH + TOOLS TO WATCH 

+ Time Tracking, Simplified – timepot takes control of your time




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ EnSync is teaming with ENMAX to optimize the Energy Storage Project at the District Energy Centre; combining heat and power, solar and storage …




 this week in REITS 


+ Canadian REIT REPORT

+ list of REITS in Canada




 INFRASTRUCTURE / P3  


+ Calgary Municipal Land Corp. committed $150.0 million to development of a ‘cultural district’ for the Victoria Park area adjacent to Stampede Park; Calgary Flames ‘west village’ plans for a new arena complex are on hold while they study ‘plan B’ and Victoria Park possibilities …tic toc

+ City of Calgary now pegs the costs of the new LRT ‘Green Line’ to exceed the planned $4.59 billion for the initial phase (26.5 km), well beyond its original budget projected cost of $4.5 billion for the entire line; final stages, north and south extensions, total 19.5 km.

+ Infrastructure Ontario short-listed three teams for the West Park Healthcare Development Project; to design, build, finance and maintain the West Park project – RFP to be issued Spring/17; EllisDon Infrastructure Healthcare, Plenary PCL Partnership and West Park Healthcare Partnership

+ Maple Reinders led consortium selected for Hamilton Biosolids Project; design, build, finance, operate and maintain of a 30 yr. operational term

+ The $1.6 billion 500 km. Fort McMurray West 500-kV transmission line got AESO and Alberta Utilities Commission approval

+ U.S. tallest dam, the Lake Oroville Dam north of Sacramento is facing damage and potential failure as heavy rains have caused spillway overflows and erosion; long ago warned by Federal officials and environmental groups – preventative repairs were never made. Currently 188,000 people have been evacuated as a precaution. Emergency spillway repairs are being attempted … tic toc




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this site last updated May 6, 2025