FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alister Campbell to Pres. & CEO @ Casualty Insurance Compensation Corporation

+ Allan Mowbray to CFO @ Cequence Energy Ltd.

+ Beth Younggren to Partner @ Dunphy Best Blocksom LLP

+ Brent Conway to Executive VP @ Ensign Energy Services Inc.

+ Curtis Marble to Partner @ Carbert Waite LLP

+ Curtis Stange to Pres. & CEO @ ATB Financial

+ Dave Mowat, Pres. & CEO @ ATB Financial, retiring

+ David Weyant to Pres. & CEO @ Alberta Lawyers Insurance Association & Lawyers Insurance Exchange

+ Ed Wittingham to Director @ Alberta Energy Regulator

+ Eileen Dooley to Principal, Leadership Practiced @ Odgers Berndtson

+ Dr. Alexandra Suda to Director @ National Gallery of Canada

+ Gable Gross to Pres. Medium Division @ Wolverine Energy and Infrastructure Inc.

+ Gaetan Gobeil to Director, Strategic Development @ Catapult Environmental Inc.

+ Gerald Butts, Principal Secretary to the Prime Minister @ Government of Canada, resigned

+ Jeff Lyash, Pres. & CEO @ Ontario Power Generation, resigned

+ Jody Wilson-Raybould, Veteran’s Affairs Minister and recently Justice Minister @ Government of Canada, resigned from Cabinet

+ Ken Hartwick to Pres. & CEO @ Ontario Power Generation

+ Mairead Lavery to Pres. & CEO @ Export Development Canada

+ Peter Macnee to CEO @ Statflo Inc.

+ Rael Diamond to CEO @ Choice Properties REIT

+ Robert Lee to Partner @ Felesky Flynn LLP

+ Robert Neilson to Partner @ Felesky Flynn LLP

+ Roger Massicotte to Pres. @ Agropur Cooperative

+ Scott Brison to Vice-Chair, Investment & Corporate Banking @ BMO Capital Markets

+ Stephen Johnson, CEO @ Choice Properties REIT, retiring

+ Susan Cunninghman to Director @ Enbridge Inc.

+ Teresa Madden to Director @ Enbridge Inc.

+ Trudy Curran to Interim Managing Dir. & CEO @ Riversdale Resources

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ 1/3rd of workers negotiate pay with job offers




 QUOTES 

+ Great thoughts speak only to the thoughtful mind, but great actions speak to all mankind. – Theodore Roosevelt

+ Those who cannot change their minds cannot change anything. – George Bernard Shaw




  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

+ DILBIT – diluted bitumen

+ 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

+ ISO – International Organization for Standardization

+ 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




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current week data

this  site is refreshed with a new issue every Tuesday


updated February 19, 2019




 TODAY'S HEADLINES


HEADLINES: Aureus acquired Amperage | Connacher out of CCAA | Encana acquired Newfield | First Capital converting to REIT | TransMountain consultation extension + Karen Brookman interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher Mark Kolke interviews interesting people. He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future:

This week's conversation with Karen Brookman, Chief Innovation Officer @ West Canadian Digital Imaging

Last week's conversation with Naresh Nakhid, Partner - Private Enterprise @ MNP

A recent conversation with Clark Grue, Pres. & CEO @ CALGARY Telus Convention Centre

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



 sponsors of this week's issue:

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



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



DATA CENTRE

e-mail: June.Read@DataHive.ca



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



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



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



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 SHAREHOLDER MEETINGS

+ Apr. 4; CIBC, Annual Meeting of Shareholders, Montreal

+ Mar. 6; Servus Credit Union, Annual General Meeting, Edmonton

+ Mar. 15; Sun Life Financial, Annual Meeting of Common Shareholders, Toronto

+ Mar. 20; Calgary Exhibition and Stampede Limited, Annual General Meeting of Shareholders, Calgary

+ Mar. 21; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Mar. 28; Crius Energy Trust, Special Meeting of Unitholders, Toronto

+ May 8; Maxar Technologies Inc., Annual Meeting of Stockholders, Westminster, Colorado

~

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




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NEWS SUMMARY 
 February 12 ~ 19 


+ Aureus Energy Services Inc. completed its acquisition of Amperage Energy Inc.

+ Cannaccord Genuity Group Inc. acquired Petsky Prunier

+ Connacher Oil and Gas Limited terminated its CCAA protection; working on credit bid transaction

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; WTI over US$55/bbl, Brent at US66/bbl

+ Encana Corporation completed its acquisition of Newfield Exploration

+ Ensign Energy Services Inc. completed its acquisition of Trinidad Drilling Ltd.

+ Ensign Energy Services Inc. announced its 2019 CapEx Budget is $102.0 million

+ First Capital Realty Inc. announced plans to convert to a REIT; 166 properties, 25.0 million sq. ft. of space

+ McLean & Partners Wealth Management changed its name; will operate as CWB McLean & Partners

+ NEB considering extension of time frame for TransMountain pipeline expansion consultations

+ PetroTal Corp. announced its 2019 CapEx Budget is $37.5 million

+ Petroleos Mexicanos (PEMEX) got a US$5.5 billion bailout package from the Mexican government

+ Pine Cliff Energy Ltd. announced its 2019 CapEx Budget is $10.0 million

+ rig counts - Canada: down 16 to 224 on the week; click for full breakdown

+ rig counts – U.S.: up 2 to 1,051 this week; full breakdown

+ Steelhead LNG announced it is pulling out of the Kwispaa LNG project on Vancouver Island; reasons not disclosed

+ WestJet launched its 787 Dreamliner (320 seats) service; they’ll have 10 of them in service by 2021

+ What’s Now and What’s Next – report by AON discussed risk issues

+ Wolverine Energy and Infrastructure Inc. agreed to acquire an undisclosed midstream provider for $50.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Ceres Global Ag Corp. secured US$80.0 million new credit facility

+ Ensign Energy Services Inc. secured $1,250.0 million credit facility

+ Killam Apartment REIT is on the market to raise $75.0 million in equity

+ Perihelion Capital Ltd. closed $310,400.0 equity financing by IPO

+ Pieridae Energy Limited is on the market to raise $15.0 million in equity by private placement

+ RYU Apparel Inc. closed $6.0 million equity financing 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 …




 CONSTRUCTION NEWS + INNOVATION 

+ trio of build teams shortlisted for $1.4 billion Pattullo Bridge contract




 INFRASTRUCTURE / P3  


+ CPPIB and Immobilière du Grand Paris formed a JV; CPPIB, 80%, Caisse Fédérale du Crédit Mutuel Nord Europe 20% - to investing Paris infrastructure projects




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Amazon’s establishment of two (2) new world headquarters facilities took a twist; their establishment of facilities in Long Island, New York has been scrapped by Amazon due to New Yorkers vocal opposition …

+ Best Western Hotels & Resorts acquired WorldHotels (300 specialty hotels and resorts)

+ La Française and Canada Pension Plan Investment Board (CPPIB) announced new JV;  Société Foncière

+ Piramal Enterprises and Ivanhoe Cambridge last week announced a $70.15 million JV investment; project on the outskirts of India's financial hub, Mumbai.




 INTERESTING THINGS IN RETAIL REAL ESTATE 


+ Payless Shoes announced it will shutter 2,100 stores in the U.S and will wind down its on-line business

+ Toys “R” Us in the U.S. planning an escape from bankruptcy proceedings – will operate as Tru Kids Inc. … tic toc




 this week in REITS 


+ First Capital Realty Inc. announced plans to convert to a REIT

+ Killam Apartment REIT is on the market to raise $75.0 million in equity

+ Rael Diamond to CEO @ Choice Properties REIT

+ Stephen Johnson, CEO @ Choice Properties REIT, retiring




 SAVE THE DATE / upcoming events

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

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

+ Feb. 26; RealCapital Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Feb 27-28; Well Site Facilities Canada Unconventional Shale Congress 2019, Calgary Marriott Downtown; info/register

+ Mar. 1; MardiGras Fundraising Gala for Lung Cancer Research; Hellenic Community Centre, Calgary; details/tickets

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

+ Apr. 1; Vancouver Real Estate Forum, Vancouver Convention Centre West; info/register

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

+ Apr. 9-10; ISA Calgary Show, Stampede Park, Calgary; info/book exhibit space

+ April 23; Canadian Gas Dialogues, Calgary Petroleum Club, Calgary; info/register

+ May 27-29; Williston Basin Petroleum Conference, Delta by Marriot Regina, SK; info/register

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

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

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

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


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



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this site last updated May 27, 2025