FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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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 ...



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 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




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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

 
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REPRODUCTION SERVICES



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



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 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



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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


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Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025