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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Brent Eshleman to Pres. & CEO @ Bellatrix Exploration Ltd.

+ Dale Noseworthy to CFO @ Killam Apartment REIT

+ Daryl Gilbert, Director @ PRD Energy Inc., resigned

+ Diane Colley-Urquhart, Member @ Calgary Police Commission Board, resigned

+ Dr. Chirah Shah to Board of Governors @ Bow Valley College

+ James Hill to Interim CFO @ Hyduke Energy Services Inc.

+ James Sutcliffe, Chairman @ Sun Life Financial Inc., retired

+ Jamilah Edwards to Board of Governors @ Bow Valley College

+ John Brooks to Chief Marketing Officer @ Canadian Pacific

+ Mark Terpstra to Building Energy Engineer @ Alberta Infrastructure

+ Olivier Muggli to Exec. VP & COO @ Winpak Ltd.

+ Pierre Dion to Chairman @ Quebcor Media

+ Pierre Karl Peladeau to Pres. & CEO @ Quebecor Media

+ Raushan Telyashev to VP Genoil Mideast @ Genoil Inc.

+ Scott Hardy to CEO @ DDS Wireless International Inc.

+ Stephean Cretier to Director @ TransCanada Corporation

+ Suzanne Hathaway to Board of Governors @ Bow Valley College

+ William Anderson to Chairman @ Sun Life Financial Inc.


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




IN MEMORIUM
SHAKERS AND MOVERS who left us 

+ Patricia Raymaker, advocate, community builder and political activist - died



 HUMAN RESOURCE + WORKPLACE TRENDS 

+ free Webinar, Feb. 22 – 1:00PM MST; ‘How to Create Messaging that Kicks Prospects in the Gut … without banging your head against the keyboard’; sign up, get the workbook




 SHAREHOLDER MEETINGS

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

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

+ May 2; Agrium Inc., Annual Meeting of Shareholders, Calgary




  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

+ 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

+ 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




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updated Feb. 21, 2017




 TODAY'S HEADLINES


HEADLINES: AER shuts Lexin | AIMCo takes stake in Perpetual | BURNCO grows | TransCanada re-applies for KeystoneXL + Fred Mertz interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Fred Mertz, CPA, farm accounting/tax guru and Leader of Four Quarters Group

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

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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COMPANY HERE
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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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 this week in REITS 


+ CAP REIT is under contract to acquire 3256-suite property in Côte-Saint-Luc area in Montréal for $23.5 million/$92,000.0/door

+ Dale Noseworthy to CFO @ Killam Apartment REIT

+ Edgefront REIT and Nobel REIT agreed to merge; combined portfolio value to be $300.0 million

+ Summit Industrial Income REIT closed its $17.0 million acquisition of 120,690 sq. ft. fully leased Calgary light industrial property




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario issued and RFP to three shortlisted teams (Kiewit team, TK Linx team and Toronto Tunnel Parterns team) for the Highway 401 Rail Tunnel project




 CONSTRUCTION NEWS + INNOVATION 


+ Bird Design-Build Construction Inc. was awarded the Royal Columbian Hospital contact to construct a new mental health facility and energy centre (75 beds, 13,000 sq. m., 450 stall parking structure and the energy centre); completion winter of 2019 on this $200.0 million scope …




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NEWS SUMMARY 
 Feb. 14 ~ 21 


+ AER shut down Lexin Resources Inc. operations and 1,400 wells for failure to comply with regulations, safety concerns and unpaid fees

+ AIMCo agreed to invest $45.0 million in a debts-with-warrants financing with Perpetual Energy Inc.

+ Blackbird Energy Inc. closed its Montney assets acquisition from Paramount Resources Ltd. in an all stock transaction; terms not disclosed

+ BURNCO Rock Products Ltd. acquired Bestway Concrete Company; terms not disclosed

+ Columbia Pipeline Partners LP and Columbia Pipeline Group Inc. got unitholder approval for merger; effective date is Feb. 17/17

+ current energy prices – live link to current Bloomberg energy prices; prices steady within expected range … jury still out on OPEC solidarity … tic toc

+ Edgefront REIT and Nobel REIT agreed to merge; combined portfolio value to be $300.0 million

+ Family Day yesterday/Presidents’ Day in the U.S.; markets closed

+ Enbridge Inc. and Spectra Energy Corp. got U.S. Federal Trade Commission clearance for their ‘combination’ transaction; Canadian regulatory approval is still needed … tic toc

+ Enbridge Inc. is cleaning up 200,000 litre condensate spill at an industrial site near Sherwood Park; construction activity struck the line … tic toc

+ Encana Corporation announced its 2017 CapEx Budget is $1.6 billion

+ Kineticor Resources Corp. closed its acquisition of the halted/½ built 690MW cogeneration oil sands power plant at Carbon Creek near Peace River from Royal Dutch Shell; Kineticor has partnered with OPTrust who are committing $125.0 million to the project; the Three Creeks Power Plant will be natural gas fired  

+ Paramount Resources Ltd. announced its 2017 CapEx Budget is $325.0 million

+ Prairie Provident Resources Inc. agreed to acquire a portfolio of Red Earth area assets for $41.0 million

+ Restaurant Brands International Inc. (Tim Hortons & Burger King) in negotiations to acquire Popeye’s (2,600 locations) in a deal reportedly worth US$1.7 billion

+ Strad Energy Services Ltd. closed its $4.8 million acquisition of Elkhorn, MB area assets

+ TransCanada Corporation re-filed its Keystone XP pipeline project application to Nebraska Public Service Commission

+ Trimont Financial Ltd. (a Wawanesa sub.) agreed to acquired Western Financial Group and Western Life Assurance from Desjardins Financial Group for $775.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Infrastructure Partners L.P. is on the market to raise $300.0 million in unsecured debt

+ Brookfield Renewable Partners L.P. is on the market to raise $250.0 million in preferred equity

+ Canacol Energy Ltd. secured $265.0 million sr. secured debt financing

+ Cathedral Energy Services Ltd. closed $14.130 million equity financing

+ Hyduke Energy Services Inc. closed $11,983,459.42 equity financing by private placement

+ Shaw Communications Inc. is on the market to raise $300.0 million in sr. unsecured debt

+ Petrcapita Income Trust closed $427,000.0 tranche of its secured convertible debt financing

+ Petrcapita Income Trust is on the market to raise $15.0 million in secured convertible debt

+ Petrus Resources Ltd. is on the market to raise $11.005 million in equity by private placement

+ Prairie Provident Resources Inc. is on the market to raise $8.0 million in equity

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

+ Range Energy Resources Inc. closed $1,479,749.0 in secured convertible debt financings




 QUOTES

+ Be somebody who makes everybody feel like a somebody. – Robby Novak

+ Apologizing doesn’t mean you’re right or wrong, it just means you value your relationship more than your ego. – Mark Matthews




 KUDOS

+ to H&R Block Canada – they partnered with The Mustard Seed to offer free tax clinics in Calgary to those who are ‘low income’ and ‘vulnerably housed’; Feb.21-24, 9AM-5PM …




 NEW TECH + TOOLS TO WATCH 

+ Notepin … simple note-taking – no signup required

+ Jobs on Facebook – search jobs where you are, or where you want to be …




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Enbridge Inc. partnered with EnBW, a German firm, to acquire a 50% interest in 497MW Hohe See offshore wind project; by completion in 2019, Enbridge investment will hit $1.7 billion

+ U.S. solar market grew 95% in 2016; 12.6GW of new installed capacity




 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 ]

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