FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Ahmed Etman to Managing Dir., Security for Canada @ Accenture

+ Anil Wirasekara to Interim CFO @ Maxar Technologies Ltd.

+ Derek Evans, Director, Pres & CEO @ Pengrowth Energy Corporation, retiring

+ Jay Thornton to Chairman @ Obsidian Energy Ltd.

+ Jill Wyatt to Chair, Board of Governors @ University of Calgary

+ Michael Cooper to CEO @ Dream Office REIT

+ Patrick Meneley to Exec. VP & Chief Corporate Development Officer @ Hydro One Limited

+ Pete Sametz to Director, Pres. & CEO @ Pengrowth Energy Corporation

+ Scott MacFabe to CEO @ BluMetric Environmental Inc.

+ Stanley Swiatek to Director @ Relentless Resources Ltd.

+ Steve Chaplin to VP Health, Safety & Environment @ EllisDon

+ Terry Klassen to Director, Landscape Architecture @ Lemay + Toker

+ William McCombe, CFO @ Maxar Technologies Ltd., stepping down


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




 MEMORIAM

+ Bert Brown, retired Senator and Founder of the Triple E Senate movement; 80

+ John Harvie, retired Provincial Court Judge; 89




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ consequences of giving someone a bad reference

+ Sun Life Financial breaking new ‘pot’ ground in employee perk packages




 QUOTES 

+ A person’s real worth is determined by what they do when they have nothing to do. - unknown

+ Creativity is allowing yourself to make mistakes. Art is knowing which ones to keep. – Scott Adams




 KUDOS 

+ to Canadian Olympic athletes brought home 29 medals – more than ever before!




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ 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

+ LPG – Liquefied Propane 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

+ PSP – Public Sector Pension Investment Board

+ 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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated February 27, 2018




 TODAY'S HEADLINES


HEADLINES: AB v BC continues | crude price recovery | GOA $1 billion into upgrading | Manitok in receivership | STEP $350 million acquisition | Trinidad Drilling on the market + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

A recent conversation with Pam Heard, Executive Director @ the Prostate Cancer Centre

A recent conversation with Joanne Young, Founder/CEO/Pres. @ Greenery Office Interiors Inc. 

Click here to access the archive: archived conversations with fascinating Calgarians ...



 sponsors of this week's issue:

e-mail Norm Landry
 
PROJECT MANAGEMENT



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 SAVE THE DATE / upcoming events

+ Mar. 1-4; 2018 Calgary Home + Garden Show, BMO Centre, Stampede Park; info/tickets

+ Mar. 8; Fourth Session, Twenty-Ninth Legislature of Alberta, Edmonton

+ Mar. 21-23; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff; info/register

+ Mar. 21; EPAC Awards Luncheon, Calgary Petroleum Club, info/tickets

+ April 11; Calgary Chamber of Voluntary Organizations, Connections Conference 2018; Ross Glen Hall, Mount Royal University, Calgary; info/register

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register


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



 SHAREHOLDER MEETINGS

+ Mar 7; Servus Credit Union, Annual General Meeting, Calgary

+ Apr. 5; CIBC, Annual Meeting of Shareholders, Halifax


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



 CHARITY GOLF TOURNAMENTS 

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register


[send your tournament notices to:  kolke@facilitycalgary.com ]



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 - 2018 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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






↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



NEWS SUMMARY 
 February 20 ~ 27 


+ Alberta’s Top 70 Employers for 2018

+ Alberta v. BC over the Kinder Morgan pipeline edged along; Premier Notley lifted the B.C. wine import ban, Premier Horgan tentatively revised their proposed rules but they are going to court to get a ruling … tic toc

+ Cara Operations Limited completed its merger with Keg Restaurants Ltd.

+ current energy prices – live link to current Bloomberg energy prices; crude and refined product prices up, coming off last week’s softening; concerns still about growing U.S. inventories and disruption of Venezuelan supply but markets are most-buoyed by Saudi Arabia’s commitment to continue it’s reduced shipments in line with OPEC-led effort to cut global supplies …

+ GOA … Premier Notley announced the government WILL go forward with recommendations on Energy Diversification in accordance with recommendations of the Energy Diversification Advisory Committee; download 128 page PDF ; GOA will invest $1.0 billion (loan guarantees and grants) to attract up to $5.0 billion in ‘in Alberta’ bitumen upgrading projects

+ Manitok Energy Inc.’s restructuring stalled; Court of Queen’s Bench order put the firm in receivership

+ rig counts: down 12 to 306 – full breakdown

+ Solium Capital Inc. acquired Advanced-HR; terms not disclosed

+ STEP Energy Services Ltd. agreed to acquire Tucker Energy Services Holdings Inc. for $350.0 million

+ Toscana Energy Income Corporation commenced a strategic alternatives review process

+ Trinidad Drilling Ltd. appointed a committee to review options of sale or merger

+ U.S. January rig counts: up 3 to 978




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Chorus Aviation Inc. is on the market to raise $100.0 million in equity

+ GFL Environmental Inc. closed US$400.0 million sr. unsecured debt financing

+ Great-West Lifeco Inc. is on the market to raise $500.0 million in debt

+ Manulife Financial Corporation closed $250.0 million preferred share financing

+ Plaza Retail REIT closed $47.25 million unsecured convertible debt financing

+ Relentless Resources Ltd. is on the market to raise $7.5 million in equity by private placement

+ Temple Hotels Inc. secured $35.0 million credit facility




 this week in REITS 


+ Michael Cooper to CEO @ Dream Office REIT




 INFRASTRUCTURE / P3  


+ Fairview Arena in SE Calgary shut down after suffering a roof collapse; structural issues being investigated in all City of Calgary arenas …

+ Government of Canada awarded a $3.3 million contract to design the ‘renewal project’ for the Daniel J. MacDonald Building in Charlottetown, PEI

+ Infrastructure Ontario issued an RFQ for design, build, finance and maintain a new Halton Region Consolidated Courthouse

+ Infrastructure Ontario issued and RFP to short-listed teams for design, build, finance and maintain the Macdonald Block Complex

Infrastructure Ontario awarded $956.4 million contract to EllisDon Infrastructure to design, build, finance and maintain the new Toronto courthouse project

+ KPMG released a paper ‘Knowing When To Partner’ addressing Canadian/Toronto financial services capacity to compete in the global P3 space




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Anbang Insurance Group Co., a large acquirer of North American hotel properties in recent years has had control taken by China’s Insurance Regulatory Commission

+ Gateway Casinos & Entertainment Ltd. announced they are doing a sale/leaseback transaction of three Vancouver-area casinos to yield in excess of $500.0 million

+ Invesque Inc. acquired two (San Antonio & Webster, TX) transitional care facilities (175 beds) from Mainstreet Property Group LLC for $51.9 million

+ Slate Acquisitions Inc. is reported to be getting set to flip $1.14 billion in properties it is acquiring from Cominar REIT; 55 University Ave and Dixie Outlet Mall in Toronto are reported to be on the block …




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ in the big apple – JP Morgan Chase are planning a 2.5 million sq. ft. trophy tower for Manhattan; 70-75 stories on site of current HQ, 270 Park Ave.; its current headquarters will be hauled down to make way for a newer taller building

+ in Toronto, Oxford Properties announced plans to develop ‘The Hub’, a 1.4 million sq. ft. tower to be built at 30 Bay Street




 INTERESTING THINGS IN RETAIL 


+ Cara Operations Limited completed its merger with Keg Restaurants Ltd.

+ Saks Fifth Avenue opened its’ 3rd Canadian store in Calgary’s CF Chinook Centre




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada Green Building Council released its report: A Roadmap for Retrofits: Building Strong Market Infrastructure for the Retrofit Economy

+ TransAlta Renewables Inc. agreed to acquire to NE United States wind projects; 90MW in Pennsylvania and 29MW in New Hampshire; total cost will be US$240.0 million

+ Twin Wellhead Systems Inc. received a $1.1 million innovation grant from the Trudeau government; part of the Western Innovation Initiative - $100.0 million in refundable contributions …


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