FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP

 PAST WEEK NEWS REVIEW 
 Feb. 18 - 24 


 

+ Alexander Energy Ltd. shareholders a approved a share consolidation and name change to Spartan Energy Corp.
+ Allied Properties REIT agreed to acquire Pilkington Building and The Biscuit Block in the Beltline and a Montreal property; total, $69.2 million
+ Alston Energy Inc. agreed to sell its Alseander area asserts under court CCAA direction
+ Altus Group’s Cost Consulting tem released their 2014 Construction Cost Guide – free download available
+ ATB Financial – Daily Economic Comment
+ Avidus Management Group Inc. agreed to acquired Akea LLC
+ Blackbird Energy Inc. and Pennant Energy Inc. agreed to combine; Blackbird to acquired Pennant
+ Brightoil Petroleum Holdings Ltd. agreed to acquire Anadarko Petroleum Corp.’s China Unit for US$1.08 billion
+ Brion Energy Corporation reached agreement on development of the Dover Commercial Project with Fort McKay First Nation regarding its planned 250,000 barrel/day SAGD project
+ Canadian Natural Resources Limited agreed to acquire Devon Canada’s Canadian conventional oil & natural gas assets for $3.125 billion
+ CN announced its 2014 CapEx Budget is $2.1 billion
+ Devon Canada Corporation plans to spend US$ 1.1 billion to commission its Jackfish 3 SAGD project
+ FAM REIT established a board committee to conduct a strategic review in light of Huntingdon Capital Corp. (Huntingdon owns 29% of FAM REIT) strategic review process
+ FuLuCai Productions Ltd. agreed to acquire $2.5 million in oil & gas properties in California
+ Huntingdon Capital Corp. retained advisors to initiate a strategic review process
+ Inovalis REIT investing $67.5 million in Duisburg, Germany office building; 50-50JV in fully leased office building
+ Intact Financial Corporation agreed to acquire Metro General Insurance Corporation
+ Irving Oil announced it will convert it crude oil railcar fleet to new DOT-111 standard
+ Ivanhoé Cambridge investing $50 million in Projet QB, Quebec City
+ MDC Partners agreed to acquire a majority interest in Kingsdale Shareholder Services Inc.
+ NextUse Recycling Ltd. planning a $30 million material recovery and recycling facility in Vancouver
+ Northwest International Healthcare Properties REIT agreed to acquire a 16 property portfolio, $98 million portfolio of medical office buildings in Germany
+ Petroforte International Ltd. is changing its name to Canamax Energy Ltd.
+ PNC Bank N.A. got approval to engage in commercial banking services in Canada
+ Shell Canada Limited announced its Quest carbon capture project is ½ complete with ½ its $1.4 billion budget expended
+ Terra Energy Corp. announced its 2014 CapEx budget is $14.3 million
+ Tourmaline Oil Corp. announced an increase in its 2014 CapEx Budget to $1 billion
+ Ultra Petroeum Corp. announced its 2014 CapEx Budget is US$560 million
+ Veresen Inc. got National Energy Board approval to export natural gas via the Jordan Cove LNG Project
+ Zedi Inc. closed its arrangement and combination with 1779958Alberta Ltd.; will continue to operate at Zedi



 SAVE THE DATE / upcoming events

 

+ Feb. 26; Royal Bank of Canada, Annual Meetings of Common Shareholders, Toronto
+ Mar. 5-7; World Heavy Oil Congress 2014, New Orleans; info/register
+ Mar. 6; Alberta 2014 Budget Speech, Legislature, Edmonton
+ Mar. 11 – 13; COSIA – 2014 Oil Sands Water Conference and Workshops, Edmonton; info/register
+ Mar. 18-19; 9th Annual BUILDEX Edmonton, Edmonton Northlands; info/register
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ Mar. 25; Green Real Estate conference, Metro Toronto Convention Centre, register/info
+ April 8 – 9; PSAC Spring Conference, Red Deer info/register
+ April 10; 2nd Annual CanTech Conference, Metro Toronto Convention Centre; register/info - full program
+ Apr. 15-16; Kindersley/2014, Municipal Infrastructure Conference, Kindersley, info/register
+ Apr. 25-26; World Economic Forum regional meeting on energy, climate change and innovation, Lake Louise
+ May 8; Edmonton Real Estate Forum, Shaw Convention Centre, Edmonton, register/info
+ June 3; Calgary Real Estate Leasing Conference, Telus Convention Centre, register/info
+ June 11; OPEC, 165th Ordinary Meeting, Vienna, Austria
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Ivanhoé Cambridge investing $50 million in partnership to construct Projet QB, a mixed multiresidential and commercial complex in Cité-Universitaire district of Quebec City in partnership local investors led by Pierre Moffet and under co-development agreement with SDLP (real estate division of Sobeys Inc.).
 
+ Inovalis REIT agreed to invest $67.5 million to purchase (50-50 JV) office property in Duisburg, Germany. Eight-storey office building fully leased Mitsubishi Hitachi Power Systems Europe GmbH under a lease expiring on Dec./2020
 
+ Northwest International Healthcare Properties REIT agreed to acquire a 16 property portfolio, $98 million portfolio of medical office buildings in Germany
 
+ Temple Hotels Inc. agreed to acquire the Hotel Saskatchewan in Regina for $32.8 million
 
+ Starlight U.S. Mult-Family Core Fund and Starlight U.S. Multi-Family (No. 2) Core Fund agreed to acquire the Soho Parkway Apartments project in north Dallas, Texas – US$ 41.3 million – for the project, 16 buildings (3-storey walk-ups) on 15 acre site
 
+ Strategic Group sub. Strategic Financial acquired distressed debt of Atlantic Living Group of Companies; a de-facto take over of 939 apartments in 48 buildings in Nova Scotia, MetCap Living Management to take over as property manager



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
current week data

refreshed every Tuesday morning




Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Kevin Ellis , Senior Director - Cost Consulting & Project Management @ Altus Group
 
Last week's conversation with Jebb Fink , comedian / entertainer and TV celebrity
 

Archived conversations 



 CLASSIFIED ADS
 
LINK TO CLASSIFIED PAGE



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



SHAKERS AND MOVERS

 

+ Brent Woolnough to COO @ International Oilfield Management Services
+ David Wilkins to Chief Compliance Officer @ SNC-Lavalin Group Inc.
+ Duncan Hannay to Pres. @ Davis + Henderson Corporation
+ Ed Cass to Sr. VP & Chief Investment Strategist @ Canada Pension Plan Investment Board
+ Grady Mathieson to Mgr. @ JEDEX Equipment
+ Graham Moylan to Managing Dir., Metals and Mining Sectore @ Cantor Fitzgerald Canada Corporation
+ Ken MacRitchie to CFO @ Antler Hill Oil & Gas Ltd.
+ Martyn Element to Pres & CEO @ A.I.S. Resources Ltd.
+ Paul Bowers to Chief Risk Officer @ Equity Trust Financial Company
+ Reegan McCullough to Exec. Dir. @ Oil Sands Community Alliance
+ Rick Kathuria to Director, Project Management @ Gowling Lafleur Henderson LLP
+ Rob Dawson to CFO @ Canadian Oil Sands Limited
+ Vic Luhowy to Interim Pres. &  CEO @ Antler Hill Oil & Gas Ltd.
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Bill Martin, CFO @ Discovery Air Inc., resigned
+ Bradley Diericx, Exec. VP @ Kingsway Financial Services Inc., leaving the company
+ Kelly Drader, Pres. & CEO @ Longview Oil Corp,, died
+ Paul Bennett, CEO @ Rodina Oil Corp., resigned



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Eric Stoerr, Director @ WesternZagros Resources Ltd., resigned
+ Gary Schaevitz to Director @ Kingsway Financial Services Inc.
+ Guy Heywood, Director @ Run of River Power Inc., resigned
+ Jacob Ulrich to Director @ Sterling Resources Ltd.
+ James Coleman to Chairman @ Sterling Resources Ltd.
+ Martyn Element to Director @ A.I.S. Resources Ltd.
+ William Hardwick, Director @ Run of River Power Inc., resigned



FINANCINGS - proposed & closed

 

+ Baytex Energy Corp. closed $1.5 billion equity financing
+ Boxxer Gold Corp. closed $325,000 initial tranche of an equity financing
+ FuLuCai Productions Ltd. closed US$ 1,011,000 equity financing
+ Knol Resources Corp. is on the market to raise $5 million in equity
+ Manulife Financial Corporation is on the market to raise $200 million in preferred share issue
+ Manulife Financial Corporation closed $500 million in subordinated debt issue
+ Margaux Resources Ltd. is on the market to raise $300,000 in equity
+ Northland Power Inc. is on the market to raise $200 million in equity
+ Northland Power Inc. is on the market to raise $75 million in convertible debt
+ Plate Resources Inc. is on the market to raise $1.1 million in flow-through share issue
+ Tamarack Valley Energy Ltd. closed $60.2 million equity financing
+ Terra Energy Corp. is on the market to raise $1.25 million in equity
+ Traverse Energy Ltd. is on the market to raise $10 million in equity



 SHAREHOLDER MEETINGS

 
+ Feb. 26; Royal Bank of Canada, Annual Meetings of Common Shareholders, Toronto
+ Mar. 3; Slate U.S. Opportunity (No. 1) Realty Trust, Special Meeting of Unitholders, Toronto
+ Apr. 23; Celestica Inc., Annual General Shareholders Meeting, Toronto
+ Apr. 23; CN, Annual General Meeting of Shareholders, Vancouver
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 INFRASTRUCTURE / P3 / GREEN


 

+ Government of Alberta announced funding to flood-protect schools; 3 schools in Calgary, 5 in High River
 
+ Alterra Power Corp. closed its acquisition of Shannon wind project (202MW) in Texas
 
+ Infrastructure Ontario and Casey House shortlisted 6 companies for 48,000 sq. ft. facility
 
+ Infrastructure Ontario and University of Ottawa shortlisted 5 companies for the 146,000 sq. ft. facility expansion



 QUOTES

 

“Personality is an unbroken series of successful gestures.” – F. Scott Fitzgerald
 
“People demand freedom of speech as a compensation for the freedom of thought which they seldom use.” – Soren Kierkegaard

NEWS TODAY 
 February 25 / 2014 


 

+ Alterra Power Corp. closed its acquisition of Shannon wind project (202MW) in Texas
+ Chesapeake Energy Corporation planning to sine off its oilfield services division
+ current energy prices: live link to Bloomberg.com commodities data ; spot prices high as cold weather in U.S. pushes demand for natural gas & heating oil
+ Government of Alberta announced funding to flood-protect schools; 3 schools in Calgary, 5 in High River
+ Keystone XL Pipeline took a ½-gossip step forward; Nebraska Governor says President Obama will make decision in a couple of months … tic-toc
+ Ledcor Group sub. Summit Helicopters agreed to acquired CC Helicopters
+ Marquee Energy Ltd. agreed to acquire Michichi area oil producing assets from Paramount Resources Ltd. for $11,650,000
+ Marquee Energy Ltd. announced an increase in its 2014 CapEx Budget to $46 million
+ Pure Multi-Family REIT LP adopted a unitholder rights plan
+ Strategic Group sub. Strategic Financial acquired distressed debt of Atlantic Living Group of Companies; a de-facto take over of 939 apartments in 48 buildings in Nova Scotia, MetCap Living Management to take over as property manager



 sponsors of this week's issue:

Carbon Copy Digital

 
 mailto:TSMITH@CARBONCOPYDIGITAL.COM
 
REPRODUCTION SERVICES



CONNECT WITH SERVPRO
JANITORIAL SERVICES



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



CONTACT OMICRON
 
ARCHITECTS



CONTACT PIVOTAL
 
PROJECT MANAGEMENT




CONTACT REGUS
 
BUSINESS CENTERS



CONTACT PREMIERE VAN LINES
 
OFFICE MOVERS



 
kevin.ellis@altusgroup.com
 
CONSTRUCTION
COST CONSULTING



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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 - 2014 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:
http://maxcomm.co
http://calgaryofficespace.com
http://facilitycalgary.com

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




PLANDflex CORPORATION
PROJECT MANAGER / P3 / PUBLISHER



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

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


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

this site last updated May 6, 2025