FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Amber Osadan-Ullman to Sr. Dev. Mgr. @ Calgary Municipal Land Corporation

+ Brett Friesen to VP, Development and Multi-Family @ Hopewell Residential

+ Bryan Cox to Pres. & CEO @ BC LNG Alliance

+ Charles Weaselhead to Chancellor @ University of Lethbridge

+ Dale McFee to Chief @ Edmonton Police Service

+ David Searl to COO @ Value Chain Solution Inc.

+ Dr. Deena Hinshaw to Chief Medical Officer of Health @ Government of Alberta

+ Elizabeth Osler to Director @ Law Society of Alberta

+ Ellie Choi to VP & General Counsel, Toronto @ Chandos Construction Ltd.

+ Gary Gardner to Sr. VP National Sales, Canada @ Sedgwick

+ Gay Mitchel to Director @ Canadian Western Bank

+ Geoffrey Boddy to Partner @ Jensen Shawa Solomon Duguid Hawkes LLP

+ Greg Stack to Area Mgr., Toronto @ Chandos Construction Ltd.

+ Ian Reid to Chairman @ Alberta Construction Association

+ Jacquie Henderson to Strategic Account Mgr. @ Praxair S.R.L.

+ Kris Schoch to Traffic & Logistic Specialist @ Weir Minerals

+ Lyonel Kawa, CIO @ BURNCO Ltd., left the company

+ Parnell Lea to Director, Security & Life Safety @ Brookfield Properties

+ Ryan Brain to Pres. & CEO @ WSP

+ Stephen Dulmage, Directore @ Victory Capital Corp., resigned

+ Susan Bishop to Commerial Account Mgr. @ Palmer Salmon Insurance

+ Todd Craigen to Pres., Eastern Buildings and Civil Infrastructure @ PCL Construction

~

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




 MEMORIAM

+ Ron Joyce co-founder of Tim Hortons empire; 88




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ CIBC research – Retiring Right – says 27% of retired Canadians regret retiring; 23% have tried re-entering, 59% for the intellectual stimulations, 50% for the money

+ half of Canadians check work e-mail while on vacation; 72% for Millenials – Allianz report

+ top 10 emerging jobs in Canada




  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

+ BIM – Building Information Modeling

+ 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

+ DILBIT – diluted bitumen

+ DIP – debtor in possession

+ EBITDA – earnings before interest, taxes, depreciation and amortization

+ EIA – U.S. Energy Information Administration

+ EPC – engineering, procurement and construction

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ IPO – Initial Public Offering

+ ISO – International Organization for Standardization

+ 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

+ MOA – Memorandum of Agreement

+ 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




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 - 2019 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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

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




current week data

this  site is refreshed with a new issue every Tuesday


updated February 5, 2019




 TODAY'S HEADLINES


HEADLINES: AltaGas sale | Husky restarts offshore | Irving closes Top Oil buy | Pembina/Kuwait JV $4.5 billion polypropylene plant | Trinidad acquired by Ensign + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher 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:

Last week's conversation with Clark Grue, Pres. & CEO @ CALGARY Telus Convention Centre

A recent conversation with Vincent Fung, Managing Dir. & CEO @ Debian Information Technology

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



 sponsors of this week's issue:

e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ HBC closed the sale of 50% stake in 18 German properties to SIGNA Prime Selection unit for $375.0 million




 KUDOS 

+ to BOWEN Group, celebrating 45th anniversary in business

+ to Harry Rosen Inc. – celebrating 65th anniversary of it’s founding …




 QUOTES 

+ Kindness begins with the understanding that we all struggle. – Charles Glassman

+ Wherever you go, no matter the weather, always bring your own sunshine. – Anthony D’Angelo




 SHAREHOLDER MEETINGS

+ Feb. 5; AGT Food and Ingredients Inc., Special Shareholders Meeting, Toronto

+ Feb 12; Bank of Nova Scotia, 187th Annual Meeting of Shareholders, Toronto

+ Apr. 4; CIBC, Annual Meeting of Shareholders, Montreal

+ Mar. 21; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ May 8; Maxar Technologies Inc., Annual Meeting of Stockholders, Westminster, Colorado

~

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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE




NEWS SUMMARY 
 January 29 ~ February 5 


+ AltaGas Ltd. closed the sale of its remaining interest in Northwest British Columbia Hydro Electric facilities for $1.39 billion to a JV – Axium Infrastructure Canada II LP and Manulife Financial Corporation

+ Avison Young closed its acquisition of  U.K. based GVA; combined operation will operate as Avison Young

+ Collins Barrow changed its name to Baker Tilly

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; heavy crude differential narrowing; crude prices strengthening due to Venezuelan unrest and Saudi cutbacks

+ Husky Energy resumed production off Newfoundland …

+ Irving Oil closed its acquisition of 200 yr. old Irish firm Top Oil; terms not disclosed

+ Notley government eased oil production threshold by 75,000 bpd

+ Pembina Pipeline Corporation and Petrochemical Industries Company K.S.C. announced a go-ahead on their JV to be built near Fort Saskatchewan; propane dehydration plant, polypropylene plant, upgrading facility via Canada Kuwait Petrochemical Corporation that will process 23,000 bpd of propane into polypropylene; the $4.5 billion facility will get $300.0 million royalty credit from GOA – construction starting in 2019, to be operational mid-2023

+ Pembina Pipeline Corporation announced its will invest $500.0 million in capital to construct Phase VIII its Peace Pipeline System

+ Pond Technologies Holdings Inc. closed its acquisition of Regenerex Health Corporation

+ rig counts - Canada: up 11 to 243 this week; click for full breakdown

+ rig counts – U.S.: down 14 of 1,045 this week; full breakdown

+ Trinidad Drilling Ltd. got shareholder approval for its amalgamation with Ensign Energy Services Inc.; will operated as a wholly owned subsidiary of Ensign

+ were you in the Class of ’69 @ Western Canada High?; Doug Follett is organizing a ‘50th Reunion’; connect with Doug




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AF1 Capital Corp. closed $300,000.0 IPO equity financing

+ Brookfield Asset Management closed $15.0 billion equity raise for its Global Real Estate Fund

+ Canada Pension Plan Investment Board closed €1.0 billion green bond financing

+ Canada Western Bank closed $125.0 million preferred share financing

+ CGX Energy Inc. is on the market to raise $29.03 million by a rights offering

+ Dream Industrial REIT is on the market to raise $125.0 million in equity

+ Dream Industrial REIT secured $150.0 million credit facility

+ Marksmen Energy Inc. closed $1.25 million warrants financing

+ Top Strike Resources Corp. secured $3.25 million debt financing

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 CONSTRUCTION NEWS + INNOVATION 

+ Chandos Construction growing – expanding to Toronto, senior execs moving from Edmonton to Toronto

+ 10 best mountain cabins

+ cool, Canadian … and in Beijing!




 INFRASTRUCTURE / P3  


+ Boralex Inc. commissioned its 23MW Sources de l’Ancre winde farm in France

+ Fiera Infrastructure Inc. established a long-term partnership with EllisDon Capital to pursue P3 projects

+ GOA announced an acquisition of land in Springbank (465 acres); they now have 20% of the required acreage to create the flood diversion project they new we needed after the 2013 flood

+ Green Line funding agreement for first phase signed by GOA and City of Calgary - $3.0 billion over eight years from provincial and federal governments – 28 stations, 46 km.

+ Vancouver City Council approved $3.8 billion; UBC extension along Broadway corridor should be complete by 2025




 INTERESTING THINGS IN INDUSTRIAL REAL ESTATE 


+ Ivanhoé Cambridge, real estate subsidiary of Caisse de dépôt et placement du Québec and Oxford Properties, real estate arm of OMERS signed a 50-50 JV to invest in U.S. logistics company IDI Logistics and all its assets from Brookfield-sponsored real estate fund; terms not disclosed




 this week in REITS 


+ BTB REIT agreed to sell a property in Delson, QB for $22.5 million

+ Chorus Aviation Inc. closed $97.26 million equity financing

+ Crestpoint REIT and Anthem Properties Group Ltd. partnered to acquire Tillicum Centre in Victoria for $110.0 million

+ Dream Industrial REIT acquired a 21-building/3.5 million sq. ft. (in 5 U.S. markets) for $235.0 million

+ Dream Industrial REIT is on the market to raise $125.0 million in equity

+ Dream Industrial REIT secured $150.0 million credit facility




 SAVE THE DATE / upcoming events

+ Feb. 19-21; 31st International Pipeline Pigging & Integrity Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

+ Feb 27-28; Well Site Facilities Canada Unconventional Shale Congress 2019, Calgary Marriott Downtown; info/register

+ Mar. 1; MardiGras Fundraising Gala for Lung Cancer Research; Hellenic Community Centre, Calgary; details/tickets

+ Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ April 23; Canadian Gas Dialogues, Calgary Petroleum Club, Calgary; info/register

+ May 27-29; Williston Basin Petroleum Conference, Delta by Marriot Regina, SK; info/register

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration


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

© 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