FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Ali Hedayat to Director @ U.S. Geothermal Inc.

+ B.P. Cahir to Executive Advisor to the Chairman @ Imperial Oil Limited

+ Brent Lee to Leasing Mgr., Vancouver @ QuadReal Property Group

+ Charles Thomazi to Managing Dir. Infrastructure - Europe, Middle East and Africa @ Ontario Teachers’ Pension Plan

+ Claudia Jordan to Acting Director, Operations @ COSIA

+ Daniel McHugh to CEO @ Livingston International Inc.

+ Dave Taylor to Pres. & CEO @ Parex Resources Inc.

+ David Schoonjans to Sr. Director, Calgary @ Altus Group

+ Doug Baker, Director @ Bellatrix Exploration Ltd., resigned

+ Doug Chorney to Assistant Chief Commissioner @ Canadian Grain Commission

+ Doug Janzen to Director, Regional Health & Safety @ QuadReal Property Management

+ Gillian Brown to Managing Dir. Credit and Equity Products @ Ontario Teachers’ Pension Plan

+ Jay Nagendran to Registrar & CEO @ The Association of Professional Engineers and Geoscientists of Alberta (APEGA)

+ J.R. Whelan to Sr. VP Upstream @ Imperial Oil Limited

+ Kathleen Dockery Browner to Lease Documentation Administrator, Calgary @ QuadReal Property Group

+ Keith Hill, Director and Chairman @ Petro Vista Energy Corp., resigned

+ Kevin Graf to Head Golf Professional @ Serenity Golf Club

+ Laura Jo Gunter to Pres. & CEO @ Bow Valley College

+ Lonny McKague to Commissioner @ Canadian Grain Commission

+ Lynne Hudson to Pres. & CEO @ Canadian Cancer Society

+ Mark Pasmore to VP Reserch & Dev. @ TSO3 Inc.

+ Mario Moretti to Trainer @ Agrium Inc.

+ Paul Heynes to Chairman @ Alberta Construction Association

+ Rita Skinner to Chairman @ BOMA Foundation

+ Ron Bolton to Infrastructure Project Manager @ NOVA Chemicals

+ Sean Webster to VP @ StrategyCorp. Inc.

+ Tanya Carmichael to Managing Dir., Global Funds @ Ontario Teachers’ Pension Plan

+ Wayne Foo, CEO @ Parex Resources Inc., retiring

+ Wayne Foo to Chairman @ Parex Resources Inc.

+ William Nurnberger to VP Corp. Dev. @ Distinct Infrastructure Group


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Six Powerful Ways your HR Team can leverage big data – link to Forbes article

+ KinTribe – the recruiter personal assistant




 SHAREHOLDER MEETINGS

+ Feb. 7; Columbia Pipeline Partners LP, Special Meeting of Unitholders, Houston

+ Feb. 28; Bayshore Petroleum Corp., Annual General Meeting, Calgary

+ Mar. 8; Blackbird Energy Inc., Annual and Special Meeting of Shareholders, Calgary


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ 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

+ 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

+ 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




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current week data

this  site is refreshed with a new issue every Tuesday morning


updated Feb. 7, 2017




 TODAY'S HEADLINES


HEADLINES: Arnold Churgin closing | Athabasca closes $431 million purchase form Statoil | FIFTY FIT/FAT FLAMES FANS | Dakota East pending approval | rig counts up | Ithaca takeover | Slate buys Dream portfolio | Steelhead bought Toro |Suncor sells lubricants biz for $1.125 billion | Vector and Razor combine + Arnold Churgin tribute/interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 


CONVERSATIONS

This week's piece ... a tribute to Arnold Churgin, footwear genius

Last week's conversation with Brad Krizan, Western Regional Pres. at Premiere Suites - Western Ltd.

A recent conversation with John Forgeron, Principal/Recruiter/Consultant at JRF and Associates

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



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 sponsors of this week's issue:

CONTACT PIVOTAL
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 OIL SANDS + HEAVY OIL NEWS 

+ Athabasca Oil Corporation closed its $431.0 million acquisition of thermal oil assets of Statoil Canada Ltd.

+ Regional Municipality of Wood Buffalo cut staff – 168 jobs due to downturn in oil sands economy of Fort McMurray




 SAVE THE DATE / upcoming events

+ Feb. 7 - 9; ConvergX 2017 - Global Defence & Energy Conference; Calgary; info/register

+ Mar. 2-5; Calgary Home + Garden Show, BMO Centre, Stampede Park; info/tickets

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Mar. 23; EPAC Awards, Calgary Petroleum Club, Calgary; info/tickets

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ Apr. 5-7; National Privacy & Data Governance Congress, Carriage House Inn, Calgary; info/register

+ Apr. 20; Saskatchewan Real Estate Forum, Queensbury Convention Centre, Regina; info/register

+ Apr. 26; Administrative Professionals Day - everywhere

+ June 5; World Environment Day - time to save the planet

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



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NEWS SUMMARY 
 Jan. 31 ~ Feb. 7


+ Arnold Churgin Shoes has gone out of business; last store on 8th Avenue set to close on Feb. 15

+ Athabasca Oil Corporation closed its $431.0 million acquisition of thermal oil assets of Statoil Canada Ltd.

+ Canadian Equipment Rentals Corp. agreed to sell 4-Way Equipment Rentals Corp. to Cooper Rentals Canada Inc. for $8.5 million

+ Chinook Energy Inc. closed $10.5 million sale of Gold Creek area assets

+ current energy prices – live link to current Bloomberg energy prices; WTI @ US$53/bbl, BRENT @ US$55/bbl – trading impacted by Trump/U.S.-Iran tensions and rising U.S. production with OPEC members apparently sticking to their commitments for now … tic toc

+ Dakota Access Pipeline expecting U.S. regulatory approval this week … tic toc

+ Energy Storage Canada and Alberta Storage Alliance joined forces

+ Essential Energy Services announced its 2017 CapEx Budget is $11.0 million

+ Fifty Fit/Fat Flames Fans and The Calgary Flames Foundation are doing it again; last year Flames CEO Ken King and West Canadian Digital CEO George Brookman took issue with each other’s need to lose weight; they gathered some friends of ample girth, lost a whole lot of beef … and raised $50K for the Calgary Food Bank; this year, they’re at it again. We gathered for oatmeal breakfast and our first weigh-in Feb. 1st. It appears we may need a sturdier scale. There is room for a few more hefty boys; entry fee is $500; somebody will win $5,000 (Brookman has a complicated formula but assures me it is fair – though somehow he won last year!). The balance raised goes to the food bank. Our next weigh-in and cut-off is Feb. 28th – so if you need to lose some beef, live longer and makes some new friends – sign up! Contact me kolke@markkolke.com and I’ll connect you. We can be big losers for a great cause. Sorry ladies, this is a guy thing …

+ Gran Tierra Energy Inc. agreed to sell its Brazil business unit to Maha Energy AB; terms not disclosed

+ Ithaca Energy Inc. got a friendly takeover bid from Delek Group; enterprise value $1.24 billion

+ Regional Municipality of Wood Buffalo cut staff – 168 jobs due to downturn in oil sands economy of Fort McMurray

+ rig counts: Canadian rig count at 345, down 2 from last week – but up from 242 a year ago

+ Slate Asset Management launched ‘Slate Canadian Real Estate Opportunities Fund’, kicking off with its first acquisition announced last week – acquiring $200.0 million in Alberta office buildings (12) from DREAM REIT

+ southern Alberta ranchers got a reprieved from officials who are relaxing quarantines on beef as the source of Bovine TB has been confirmed as confined to a single operation; government relief programs continue to help, but not enough; so, let’s all eat a little more beef!

+ Spriza Media Inc. agreed to acquire Fanlogic LLC for $2,850,000.0 in an all-stock transaction

+ Steelhead Petroleum Ltd. completed its arrangement to take over Toro Oil & Gas Ltd.

+ Suncor Energy Inc. closed its $1.125 billion sale of Petro-Canada Lubricants Inc. to HollyFrontier Corporation

+ TransGlobe Energy Corporation announced its 2017 CapEx Budget is US$56.4 million

+ Vector Resources Inc. and Razor Energy Corp combined and completed $15.0 million Swan Hills area asset acquisition; will operate at Razor Energy Corp.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. closed $3.2 billion equity financing

+ AltaGas Ltd. closed $400.0 million equity financing by private placement

+ Aveda Transportation and Energy Services Inc. is on the market to raise $25.0 million in equity

+ Brompton Oil Split Corp. closed $11.0 million equity financing

+ International Frontier Resources Corporation is on the market to raise $4,480,000.0 in equity by private placement

+ Kontrol Energy Corp. closed a $570,300.0 4th tranche of its equity financing by private placement

+ PHX Energy Services Corp. closed $30.8 million equity financing

+ Razor Energy Corp. raised $30.0 million in debt and equity participation financing

+ Spriza Media Inc. is on the market to raise $2.5 million in equity

+ Strategic Oil & Gas Ltd. closed $5.75 million equity financing by private placement




 QUOTES

+ Don’t wait for the perfect moment, take the moment and make it perfect. - Unknown

+ True leaders don’t create followers, they create more leader. – Tom Peters




 KUDOS

+ to George Brookman and Ken King – for putting their weight behind a great fund raising effort and helping their friends get thinner and live longer!




 NEW TECH + TOOLS TO WATCH 

+ Microsoft StaffHub – easily create and manage shift schedules



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Energy Storage Canada and Alberta Storage Alliance joined forces




 this week in REITS 


+ Pure Industrial REIT closed its US$39.5 million acquisition of an 800,000 sq. ft. distribution facility in Atlanta, GA




 INFRASTRUCTURE / P3  


+ Elbow Park Elementary School re-opened; flood damaged school was rebuilt after 2013 flood made the old structure untenable; brick facades were saved in the $16.5 million rebuild … on higher ground to withstand a 500-yr flood …

+ Fengate Real Asset Investments closed its acquisition of 59.8MWac solar portfolio at Sault Ste. Marie, ON

+ Infrastructure Ontario issued and RFQ for Hamilton LRT; include 11 km. of new line, 14 stops, related facilities and rolling stock; proponents can register on MERX




 CONSTRUCTION NEWS + INNOVATION 


+ Jacob Javits Convention Center in Manhattan is expanding; Empire State Development (public sector owner) will partner with Lendlease and Turner Construction to design and build the US$1.5 billion expansion

+ Fortress Real Developments signed a deal with Edenshaw Developments Ltd. to co-develop the SkyCIty Centre in Winnipeg




INTERESTING REAL ESTATE NEWS, other places


+ Hilton are opening a triple-branded property in Chicago; 466 guest rooms and suites – across three flags: Hilton Garden Inn, Hampton Inn by Hilton and Home2Suites by Hilton – all adjacent to the McCormick Center; owned and operated by First Hospitality Group … 379,000 sq. ft., 23 floors

+ Triple Five Group got regulatory approval for its ‘American Dream Miami’ project, a proposed US$3.0 billion retail theme part

+ Urban Union, a 290,647 sq. ft. Class A 12-story office building in Seattle traded for US$268.9 million, a record high price per. sq. ft. for the region


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