FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



CONVERSATIONS

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 David Farran , Founder & Pres. @ Eau Claire Distillery Ltd.

Last week's conversation with Katherine van Kooy, Pres. & CEO @ Calgary Chamber of Voluntary Organizations

And, click here to access archived conversations with fascinating people ...



Please Join Our Mailing List
» sign up to get FACILITYCALGARY weekly by email
For Email Marketing you can trust



 SHAREHOLDER MEETINGS

+ Feb. 24; Crown Point Energy Inc., Shareholder Meeting/Takeover Bid, Calgary

+ Feb. 26; Blackbird Energy Inc., Annual and Special Meeting, Calgary

+ Feb. 24; LAIG Oil Investments, Special Meeting of Shareholders, Calgary

+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton

+ Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

 + Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

+ Apr. 23; CIBC, Annual General Meeting, Calgary

+ May 7; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

+ May 12; Karnalyte Resources Inc., Annual General and Special Meeting of Shareholders, Saskatoon

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




 SAVE THE DATE / upcoming events

+ Feb. 25-26; BUILDEX Vancouver, Vancouver Convention Centre West; info/register

+ Mar. 3; GREAT BIG SUMMIT, FREE REGISTRATION, Red and White Club, Calgary

+ Mar. 10; Alberta Legislature; resumption of 28th Legislature, Edmonton - calendar

+ Mar. 17-18; BUILDEX Edmonton, Expo Centre, Northlands, Edmonton info/register

+ Mar. 23; 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit, Calgary

+ Mar. 24-26; World Heavy Oil Congress 2015; Shaw Conference Centre, Edmonton info/register

+ April 8-10; Economic Developers Alberta 2015 Annual Professional Conference & AGM, Delta, Kananaskis, AB; info/register

+ April 9; Vancouver Real Estate Forum, Vancouver Convention Centre, Vancouver

+ May 14; Edmonton Real Estate Forum, Shaw Conference Centre, Edmonton

+ May 19-21; Canada LNG Export Conference & Exhibition, TELUS Convention Centre, Calgary

+ May 24-27; Banff Compass 2015; Association of Fundraising Professionals, Banff

+ June 2; Calgary Leasing Conference, TELUS Convention Centre, Calgary

+ June 9-11; Global Petroleum Show 2015; Stampede Park, Calgary info/register

+ July 3-12; Calgary Stampede 2015 - tickets now on sale 

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Brian Minnehan to Director @ Petrus Resources Ltd.

+ David Boomer, CFO @ Cory Oilfield Services Inc., resigned

+ David Dalen to VP Real Estate Dev. @ Centron Group

+ David Smith to Pres. & CEO @ Keyera Corp.

+ Dr. Jeffery Gofton to Chief Medical Examiner @ Government of Alberta

+ Dr. RichardHubbard to Pres. @ Petro-Victory Energy Corp.

+ Fed DiSanto to Director @ Axia NetMedia Corporation

+ Jeff Swainson to CFO @ Blackbird Energy Inc.

+ Jeff Williams to Brand Director, North America @ IKO Industries

+ Jim Leiferman to Pres. U.S. Group @ Mattamy Homes

+ Joe Looke, Director @ Petrus Resources Ltd., resigned

+ Marco Abdi, Owner @ La Brezza Restaurant, died

+ Michael Anderson to Sr. VP Leasing & Dev. @ Centron Group

+ Nigel Bosworth, Chief Technical Officer @ Robix Alternative Fuels Inc., resigned

+ Pat Cochrane to Pres. @ Alberta Party

+ Pauline Alimchandani to CFO @ Dream Hard Asset Alternatives

+ Robert Graham, Director @ Ivanhoe Energy Inc., resigned

+ Stuart Hay to Partner, Calgary, Odgers Interim @ Odgers Berndtson

+ Theresa Llewellyn to Asset Mgr. @ Triovest Realty Advisors


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




BOARDROOM changes, purges, appointments etc.

+ David Collyer to Director @ AltaLink

+ David Kinley to Chairman @ Alberta Construction Association

+ Douglas Haughey to Independent Lead Director @ Keyera Corp.

+ Jim Bertram to Exec. Chair @ Keyera Corp.

+ Nigel Bosworth, Director @ Robix Alternative Fuels Inc., resigned




Please Join Our Mailing List
» sign up to get FACILITYCALGARY weekly by email
For Email Marketing you can trust



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
current week data

this homepage refreshed every Tuesday morning


updated ... February 24, 2015




 TODAY'S HEADLINES


BSE beef trouble, again | CN averts lockout | Imperial building research facility | Kelt buys Artek | Shell shelves major project +  David Farran interview | upcoming events & corp. meetings | financings + executive appointments >>>>




 sponsors of this week's issue:

Pekarsky Stein, Alberta's Leading Boutique Search Firm
 
info@pekarskystein.com
 
SEARCH FIRM



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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



 
kevin.ellis@altusgroup.com
 
CONSTRUCTION
COST CONSULTING



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



Carbon Copy Digital

 
 mailto:TSMITH@CARBONCOPYDIGITAL.COM
 
REPRODUCTION SERVICES



WCBC - SkyCubes - 51st Floor Suncor Energy Centre
BUSINESS CENTERS



CONNECT WITH OFFICE CONCEPTS
OFFICE FURNITURE



CONNECT WITH SERVPRO
JANITORIAL SERVICES



 SAVE THE DATE / GOLF TOURNAMENTS

+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course



 OIL SANDS NEWS

 
+ Imperial Oil Limited announced plans to build a new oil sands research centre in SE Calgary near its new Quarry Park Campus; a LEED Gold standard facility to open in 2017 
+ Laricina Energy Ltd. shutting down its Germain project and halting its planned Saleski JV to save cash …
+ Shell Canada Limited withdrew its regulatory application for its Pierre River Mine to focus on existing oil sands operations
+ Southern Pacific Resources Corp, under CCAA protection, is looking for bidders to buy the company or restructure



 QUOTES

 
“Treat this crisis as practice for the next crisis.” – John Parenti 
“The Chinese use two brush strokes to write the word ‘crisis’. One brush stroke stand for danger; the other for opportunity. In a crisis, be aware of the danger – but recognize the opportunity.” – John F. Kennedy



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 - 2015 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  




PLANDflex CORPORATION
PROJECT MANAGER / P3 / PUBLISHER





NEWS SUMMARY 
 Feb. 17 - 24 


+ ATB Financial – THE OWL … Daily Economic Comment

+ Baytex Energy Corp. announced its revised 2015 CapEx Budget is $575 million, down from $650 million announced earlier

+ beef producers are reeling again as new case of BSE has caused reaction among customers; Peru, Taiwan and Belarus are now blocking Canadian beef over one (1) mad cow case

+ Bonterra Energy Corp. agreed to acquire a portfolio of Pembina Cardium oil and gas assets for $172 million

+ Cardinal Energy Ltd. agreed to acquire Pinecrest Energy Inc. for $23.5 million

+ Canadian National Railway Co. reached tentative agreement with unions to avert CN’s threatened lockout

+ Crius Energy KKC agreed to acquire TriEagle Energy LP for US$22 million

+ current energy prices: live link to Bloomberg.com commodities data ; crude prices off on fear of glut worries, heating oil up on tight supplies

+ Elkwater Resources Ltd. is changing its name to Striker Exploration Corp.

+ Enerplus Corporation reduced its 2105 CapEx Budget to $480 million, off 24% from earlier announcements

+ Greek debt crisis softens as agreement with Eurozone finance ministers has been reached; US$273 billion bailout package .. tic toc goes the time bomb …

+ Imperial Oil Limited announced plans to build a new oil sands research centre in SE Calgary near its new Quarry Park Campus; a LEED Gold standard facility to open in 2017

+ Ivanhoe Energy announced it will make a filing under the Bankruptcy and Insolvency Act; Nasdaq de-listed their stock

+ Kelt Exploration Ltd. agreed to acquire Artek Exploration Ltd. for $307 million

+ Laricina Energy Ltd. shutting down its Germain project and halting its planned Saleski JV to save cash …

+ Lonestar West Inc. closed its $2.73 million acquisition of Firehawk Services Ltd.

+ Mart Resources Inc. engaged advisors to work with a Special Committee to conduct a strategic review process

+ National Energy Board issued its Canadian Energy Dynamics Review of 2014 – Energy Market Assessment

+ Northern Frontier Corp. adopted a shareholder rights plan

+ Parkland Fuel Corporation agreed to acquire eleven Chevron-branded service stations in British Columbia for $17.1 million; Parkland will now operate 33 Chevron locations

+ Prentice Watch: the Premier is cutting everywhere he can find a headline – this week it is closure of Alberta’s offices in Ottawa, Chicago and Munich and suspending planned openings in California and Brazil for savings of $3.1 million annually

+ Pure Technologies Ltd.’ sub. agreed to acquired Wachs Valve and Hydrant Services LLC for US$18.5 million

+ Shell Canada Limited withdrew its regulatory application for its Pierre River Mine (a 200,000 barrel/day project) to focus on existing oil sands operations

+ Southern Pacific Resources Corp, under CCAA protection, is looking for bidders to buy the company or restructure

+ Talisman Energy Inc. got shareholder and court approval for $15 billion takeover of Talisman by Repsol S.A.

+ Trinidad Drilling Ltd. reduced its 2015 CapEx Budget to $175 million, down from $350 million announced earlier; cutting staff 20%, wages cut by 7%




FINANCINGS - proposed & closed

+ Africa Oil Corp. closed US$ 125 million equity financing

+ Caza Oil & Gas Inc. closed US$4 million tranche of a convertible debt financing

+ Cenovus Energy Inc. is on the market to raise $1.5 billion in equity

+ Horizon North Logistics Inc. secured $200 million credit facility

+ Industrial Alliance Insurance and Financial Services Inc. closed $250 million sub. debt financing

+ InterRent REIT closed $75 million equity financing

+ NCE Diversified Flow-Through LP completed a $50 million equity raise

+ Starlight U.S. Multi-Family (No. 4) Core Fund is on the market to raise US$28.75 million

+ Stetson Oil & Gas Ltd. is on the market to raise $2 million in convertible debt

+ TransCanada Corporation is on the market to raise $250 million by a preferred share issue

+ TriWest Capital Partners completed a $500 million equity raise for its fifth fund, ‘Fund V’




 INFRASTRUCTURE / P3 / GREEN


+ Alberta Environment is postponing indefinitely its announcements on the $200 million Elbow River flood mitigation projects … 

+ Canada signed an agreement with the United States and Michigan governments for the new publicly owned bridge between Windsor and Detroit; P3 project structure for design, finance, construct operate and maintain; no news yet on time-lines for the project or capital cost … tic toc ..

+ Northland Power Inc. closed the sale of its 2/3rd interest in Frampton Wind Farm to Boralex Inc. for $11.5 million




 this week in REITS 


+ CAPREIT closed $31 million acquisition of Grandin Tower in Edmonton (126 suites)

+ CAPREIT closed $47 million sale of four buildings in Toronto (260 suites)

+ InterRent REIT closed $75 million equity financing

+ Pure Industrial REIT closed US$57 million acquisition of three properties in North Carolina

+ Slate Retail REIT agreed to acquire 107,818 grocery-anchored shopping centre in Littleton, Colorado for US$15.62 million

+ Summit Industrial Income REIT closed $39.4 million acquisition of 50% interest in six-building portfolio in Montreal

+ WPT Industrial REIT closed its US$86.25 million acquisition of six distribution facilities in Memphis, Tennessee


© 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