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+ Alex Pourbaix, CEO @ Cenovus Energy Inc, to Executive Chairman

+ Allan MacDonald to Pres. & CEO @ Superior Plus Corp.

+ Brenda Lucki, Commissioner @ Royal Canadian Mounted Police, retiring

+ Catherine Douglas to Director @ Office of the Alberta Health Advocates

+ David Lieberman to Director @ Alliance REIT

+ David Malpass, Pres. @ World Bank, stepped down/pushed out

+ Duy-Loan Le, Director @ Ballard Power Systems Inc., retired

+ George Armoyan to Trustee @ Slate Office REIT

+ Greg Foofat to Mgr. Investor Relations @ E3 Lithium

+ Jean-Charles Angers to Trustee @ Slate Office REIT

+ Jeffrey Standen to Director @ Vital Energy Inc.

+ John Tory, Mayor @ City of Toronto, resigned

+ Jon McKenzie, EVP & COO @ Cenovus Energy Inc., to CEO

+ Jose Cil, CEO @ Restaurant Brands International, sacked

+ Joshua Kobza to CEO @ Restaurant Brands International

+ Julie Lamontagne to Chief People, Sustainability and Communications Officer @ Transat A.T. Inc.

+ Melanie Ducholke to VP Finance & Accounting @ Northern Development & Investment Group

+ Nadim Hirji to Group Head, Commercial Banking @ BMO Financial Group

+ Roger Jewett to CEO @ RedPoint Media Group

+ Stephanie Setiawan to Pres. & CEO @ Intrinsic Innovations

+ Stephen Lister to Non-Executive Chairman @ CPS 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 ]

+ Bert Messier; founder of BECA International, developer and restauranteur, 79

+ Biba Tharp; owner of Chinook Optical, community activist/volunteer, philanthropist, 77

+ Gordon Pearce; retired management consultant, community volunteer, former Chamber of Commerce President, and leader of many community organizations and board, advocate for Albertans with developmental disabilities and Board Member at Michener Centre, and kind gentle man; 93

+ ChatGPT challenges for HR

+ Government of Canada’s push for ‘return to the office’ measure continues to face lots of push back from employees and their unions

+ Reimagining the tech workforce – flexibility paper from Deloitte Insights

+ A.I. – creative trends to expect in 2023

Our IFMA Calendar - save these dates for facility tours + networking events coming in 2023:

March 23 - Calgary Stampede

April 27 - ATCO headquarters 

May  - announcement soon

June 21 - IFMA Golf Tournament - details soon

Registration via our Events Page - click here

+ Northstar Clean Technologies Inc. secured a build to suit asphalt shingle recycling facility on 3.98 acre site in Rocky View County; subject to financing and other conditions

+ GIC and DREAM Industrial REIT completed their $5.9 billion acquisition of Summit Industrial Income REIT

+ Bed Bath & Beyond closing all Canadian stores, 1,400 job losses

+ Holt Renfrew committed to long-term lease renewal in the CORE

+ Tim Horton’s stripped the licenses of dissident franchisees including the president of their association; and then parent company Restaurant Brands International Inc. replaced its CEO 

+ Feb. 24; GobiMin Inc., Special Meeting, Toronto

+ Mar. 1; Alberta Beef Producers, Annual General Meeting, Red Deer

+ Mar. 8; Prodigy Venture Inc., Special Meeting of Shareholders, Toronto

+ Mar. 8; Servus Credit Union, Annual General Meeting, Edmonton

+ Mar. 9, Mainstreet Equity Corp., Annual General Meeting, Calgary

+ Mar. 18; First Capital REIT, Annual and Special Meeting and Unitholders, Toronto

+ Mar. 28; Slate Office REIT, Annual and Special Meeting of Shareholders, Toronto

+ May 16; First Capital REIT, Annual and Special Meeting of Unitholders, Toronto

+ Apr. 11; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Apr. 4; The Bank of Nova Scotia, 191^st Annual Meeting of Shareholders, Toronto

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

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

FACILITYCalgary FREE

+ BlackRock Alternatives acquired a majority interest in E360S; terms not disclosed

+ TransAlta Corporation agreed to acquire 50% interest in early-stage pumped hydro energy storage project (320MW) and from JV - the Tent Mountain Renewable Energy Complex – from Montem Resources Limited for $25.0 million

+ Finish something. Anything. Stop researching, planning, and preparing to do the work and just do the work. It doesn’t matter how good or how bad it is. You don’t need to set the world on fire with your first try. You just need to prove to yourself that you have what it takes to produce something. There are no artists, athletes, entrepreneurs, or scientists who became great by half-finishing their work. Stop debating what you should make and just make something. – James Clear

+ I believe the single most significant strategic strength that an organization can have is a commitment to strategic listening on the part of every member of the organization: strategic listening to frontline employees, strategic listening to vendors, and customers. – Tom Peters

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 - 2022 MaxComm Communications. All rights reserved. 

+ a holiday in Alberta (Family Day), most provinces in Canada, and Presidents Day in the US – all stock markets closed

+ Applexus Technologies expanded to Canada, and established its HQ in Calgary; supported by $1.43 million carrot from Alberta Investment and Growth Fund

+ Bed Bath & Beyond closing all Canadian stores, 1,400 job losses

+ BlackRock Alternatives acquired a majority interest in E360S; terms not disclosed

+ Cenovus Energy Inc. announced its succession plan for senior leadership

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$76/bbl, Brent @ US$83/bbl; traders are reviewing JP Morgan prediction for US$100/bbl this year …

+ Emissions Reduction Alberta announced $58.0 million in contributions to projects of 10 companies

+ FACILITYCalgary, published free every Tuesday morning; focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …

+ GoA actions: Premier Smith continues with her push to get Ottawa to back off or at least re-name it’s Just Transition (JT) program with a self-serving letter to JT about JT; fleshed out the Preston Manning led COVID-19 ‘Emergency Review Panel (Jack Major, Jack Mintz, Dr. Rob Tanguay, Dr. Martha Fulford, Michel Kelly-Gagnon were added); Carbon Capture/Storage issues vis-à-vis federal government is complicated and conflicted with emissions cap discussions; the Premier established a panel to advise the government of the future of Alberta’s energy industry: Chair, David Yager; Members Hal Kvisle, Bob Curran, Carey Arnett, and Phil Hodge

+ Government of Canada announced its $2.6 billion planned investment in Canada Innovation Corporation

+ GIC and DREAM Industrial REIT completed their $5.9 billion acquisition of Summit Industrial Income REIT

+ Holt Renfrew committed to long-term lease renewal in the CORE

+ Imperial Oil Ltd. filed its plan for cleanup of tailings leak at it’s Kearl oil sands site, details not made public

+ Käthe Lemon and Roger Jewett acquired RedPoint Media Group

+ MONDAY MORNING MINUTE, ‘100 words from Mark + a quote’, start your week or meeting with a few words to start the conversation – free subscription; click to sign up

+ KPMG Venture Pulse report comments on 2022 Venture Capital trends in Canada – 1,080 deals

+ PWC issued its 26^th Annual Global CEO Survey – most pessimistic outlook in over a decade results from 4,410 CEO surveyed

+ reader contributions are always welcome; please forward comments, news items, and company appointment announcements to kolke@facilitycalgary.com

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 1 to 760 this week; Canada: down 2 to 248 this week; full breakdown and international rig counts

+ Rogers, Shaw and Videotron agreed to extend their merger/takeover deadline again, to March 31 – awaiting government approval which, according to his press release, the Minister appears to be in no hurry to resolve …

+ TransAlta Corporation agreed to acquire 50% interest in early-stage pumped hydro energy storage project (320MW) and from JV - the Tent Mountain Renewable Energy Complex – from Montem Resources Limited for $25.0 million

+ Applexus Technologies Private Limited, secured $1.4 million grant

+ BBTV Holdings Inc. closed US$16.1 million sr. secured debt financing

+ Choice Properties REIT is on the market to raise $550.0 million in sr. unsecured debt

+ Converge Technology Solutions Corp. secured $600.0 million credit facility

+ Kontrol Technologies Corp. is on the market to raise $5.0 million in equity by private placement

+ Lucy Scientific Discovery Inc. closed $7.5 million equity raise by IPO

+ Martello Technologies Group Inc. raised $2.4 million in equity by private placement

+ Trane Technologies plc is on the market to raise US$700.0 million in sr. unsecured debt

editor’s note: names of 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 …

+ July 21; Alberta IoT – 4^th Annual Golf Tournament, Lynx Ridge Golf Club, Calgary – save the date

+ Sept. 28; Accessible Housing Annual Fundraising Gala, Silver Springs Golf Cub, Calgary – save the date

+ send us your 2023 tournament information – we are happy to post them here

~ [please send your charity golf event notices to  kolke@facilitycalgary.com ]

+ Feb. 23-27 (different global regions each day; Global Property EXPO, virtual only; info/register

+ Mar. 1; North American Natural Gas Summit, Calgary Petroleum Club, info / register

+ Mar. 13; 2023 Juno Awards – Rogers Place, Edmonton; tickets

+ Mar. 14-17; MIPIM 2023, Palais des Festivals, Cannes, France; registration is open

+ Mar. 29-30; Petrochem Canada - West, Westin Calgary Airport; info / register

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Apr. 12; Business Transitions Forum, TELUS Convention Centre, Calgary; info/register

+ Apr. 17-18; Smart Energy Event, Westin, Nova Scotian, Halifax; agenda / register

+ Apr. 19; Top Glass, Conference and Exhibits; The International Centre, Mississauga; info/register

+ Apr. 22; Calgary Crime Stoppers Ruby Gala, Heritage Park – Gasoline Alley Museum, info/tickets

+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details

+ Apr. 23; Earth Day 2023 – theme is Invest in Our Planet

+ Apr. 25-27; Canadian Hydrogen Convention - , Edmonton Convention Centre; details/register

+ May 2-3; Williston Basin Petroleum Conference, Regina; info / register

+ May 9-11; Canada Ga & LNG Exhibition & Conference, Vancouver Convention Center; info/register

+ May 31-June 1; Inventures Canada Conference, TELUS Convention Centre, Calgary; registration/tickets

+ June 2-4; Writer’s Guild of Alberta Annual Conference: Origins, Fort Calgary – save the date

+ June 6-7; Global Energy Transition 2023, New York, NY; agenda, information/register

+ June 6-8; 10^th Operational Excellence in Energy, Chemicals & Resources Summit, Calgary – agenda/ info/register

+ June 7-8; Global Energy Transition 2023. New York; info/register

+ June 12-14; NeoCon 2023 – THE MART, Chicago – call for presentations deadline Jan 31, 2023

+ June 13-15; Global Energy Show, Calgary – save the date

+ June 20-21; PetroChem Canada - East, Progressive Auto Sales Arena, Sarnia; info / register

+ June 21; Technology and Indigenous Development Summit, Metro Toronto Convention Centre; info/register

+ Sept. 13-14; Oil Sands Conference (Shell Place) & Trade Show (Suncor Community Leisure Centre) , Fort McMurray; conference / trade show

+ Sept. 17-21; 24^th World Petroleum Congress; Energy Transitions – the path to Net Zero, BMO Centre, Stampede Park / registration

+ Sept. 26-28; BOMEX Edmonton 2023; JW Marriott/Ice District, Edmonton; details/registration

+ Oct. 18-19; BUILDEX Alberta, 20-24; Calgary – save the date

+ Nov. 1-2; Supply Change, Conference & Expo, Westin Airport, Calgary; info / register

+ Nov. 7-8; Canadian Aerospace Summit, Ottawa - save the date

~~~

2024

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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

+ TransAlta Corporation agreed to acquire 50% interest in early-stage pumped hydro energy storage project (320MW) and from JV - the Tent Mountain Renewable Energy Complex – from Montem Resources Limited for $25.0 million