FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

This week's conversation with Gord Appel, Managing Partner @ Axiom Mortgage Solutions

A recent conversation with Laura Newcombe, Director Property Management, Calgary @ GWLRA

A recent conversation with Going Wild's Brian Keating

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Alix Box to Sr. VP, Regional Mgr. Canada @ Nordstrom Inc.

+ Allan Gray to Investment Advisor & Portfolio Mgr. @ Leede Jones Gable

+ Allen Edgeworth, Director @ AltaGas Ltd., retiring

+ Andy Jassy to CEO @ Amazon

+ Alyson Goldman to Partner @ McCarthy Tétrault 

+ Brad Squibb to Partner @ McCarthy Tétrault 

+ Brent Douziech to VP and Principal, Projects & Engineering @ Journey Engineering Corporation

+ Carrie Mierky to CFO @ encore Energy Corp.

+ Cheri Long to Member, Commercial Broker and Property Manager Council @ RECA

+ Cheryl Probert to Sr. Talent Advisor @ Aon

+ Dana Hunter to Branch Mgr., Edmonton and Calgary @ Adecco

+ Dawn Farrell, Pres. , CEO & Director @ TransAlta Corporation, retiring

+ Eguana Technologies Inc. is on the market to raise $15.0 million in equity by private placement

+ Hadi Abassi to Pres & CEO @ Atlas Engineered Products Ltd.

+ Hengye Guan to CEO @ Imaging Dynamics Company Ltd.

+ Iain Rankin to Nova Scotia Liberal Party Leader and Premier Designate @ Government of Nova Scotia

+ Jeff Bezos, CEO @ Amazon, stepping down, transitioning to Executive Chairman

+ Jennifer Jackson to Cloud First Lead, Canada @ Accenture

+ Jessica Brown to Partner @ McCarthy Tétrault 

+ John Kousinioris to Pres, CEO & Director @ TransAlta Corporation

+ Jon-Al Duplantier to Director @ AltaGas Ltd.

+ Julie Sweet, CEO of Accenture to Trustee @ World Economic Forum

+ Karl Werner, Pres., International @ Ritchie Bros. Auctioneers, leaving the company

+ Kevin Friedman to Director of Acquisitions @ SmartStop Self Storage REIT

+ Kristina Logue to CFO @ Payments Canada

+ Larry Peters to Director, International Program @ Masters Touch Global Inc.

+ Layne Thiessen to Partner @ McLeod Law LLP

+ Lauren Snider to Bus. Dev. Consultant @ Project Consulting Solutions Ltd.

+ Leigh Anne Sherman to Pres, ESIS Inc. @ Chubb

+ Lonni Swanson to Mgr. Cavern & Reservoir Storage, Canada @ Petromin Projects

+ Marj Cone, VP Western Region @ H&R REIT Management Services LP, retired

+ Mark Smethurst, Director @ Tocvan Venturs Corp., resigned

+ Nolan Shouldice to Sr. Legal Counsel @ Avenue Living Asset Management

+ Path Chiefalo, Managing Dir., iShares Canada @ Blackrock, leaving the company

+ Paul Lin, CEO @ Imaging Dynamics Company Ltd., resigned

+ Pier-Elise Hebert-Tremblay to CFO @ Arianne Phosphate Inc.

+ Rute Fernandes to General Mgr. @ Takeda Canada Inc.

+ Sharon Lee Smith to COO @ Staffy

+ Shawn Pearson to Pres. @ Kognitiv Corporation

+ Shawn Small to Planner @ O2 Planning + Design

+ Spencer Chimuk to Partner @ McLeod Law LLP

+ Stuart Haselden to CEO @ Arc’teryx Equipment

+ Susan Shea to Sr. Director, Business Services @ Centre for Affordable Water and Sanitation Technology

+ Tom Connors to Pres. & CEO @ Cathedral Energy Services Ltd.

+ Wojtek Jaskiewicz to Partner @ WeirFoulds LLP

~

Note: links in this section are to LinkedIn profiles where available, and otherwise to a relevant posting of the appointment

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




 MEMORIAM 

+ C-suite struggles – mental health issues during the pandemic

+ most employers don’t offer fertility benefits – and some do




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ C-suite struggles – mental health issues during the pandemic

+ most employers don’t offer fertility benefits – and some do




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ please send us your 2021 events

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

~

[please send your charity golf event notices to  kolke@facilitycalgary.com ]




 SAVE THE DATE / upcoming events

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ Feb. 23-24; 20th Annual RealCapital Conference (being held virtually), info/sponsors/speakers

+ Feb, 24 – 26; Dare To Lead workshops; Brene Brown program offered by Jenn Lofgren at Incito; info/register

+ Feb. 27; STARS Air Ambulance annual PSAC STARS  & Spurs 2021 Gala/Fundraiser/Live Auction; info/tickets/details

+ Apr. 13; Western Canada Apartment Investment Conference (being held virtually), info/save the date

+ Apr. 14-15; 28th Vancouver Real Estate Forum, virtual-only; info/save the date

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

 

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




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta covid-19 stats | Alberta re-open-Step 1 | crude prices ↑⬆ UP ↑⬆ | GOA coal policy reinstated + Gord Appel interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

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OUR SERVICES



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DIGITAL COMPONENT CONSTRUCTION



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 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ CK Group’s sub. Canadian Power Holdings Inc. agreed to acquire two wind-powered facilities (30MW) in the Okanagan; terms not disclosed

+ new priorities for Canada Infrastructure Bank – statement by the Minister

 

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 QUOTES 

+ Has the most important thing changed? Am I chasing an outdated target? – James Clear

+ What they call you is one thing. What you answer to is something else. – Lucille Clifton




 KUDOS 

+ to Sunterra Markets founder David Price – named to the Alberta Agriculture Hall of Fame




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Feb. 2 ~ 9 / 2021 


+ Alberta COVID-19 stats: 1,710 deaths to date, 6,196 active cases of 127,036 confirmed cases to date: aggregate Alberta data – currently, 432 Albertans are in the hospital with COVID-19, and 76 of those are in intensive care units – 76 tests have been administered to Albertans so far – concerns being raised by medical officials and Premier Kenny that fast-spreading variants of the virus may impact return to normal …

+ Alberta COVID-19 vaccinations for most vulnerable in long-term care and staff is completed; Alberta running out of first-dose vaccine

+ Alberta COVID-19 restrictions effective – more easing of restrictions starting Feb. 8th – stages for further relaxing the lock-downs of business and recreational activity in Alberta is tied to benchmark drops tied to hospitalization levels – Step 1 ~ schools, restaurants/pubs/cafes, sports activities allowed stages resumption of operations

+ ABTraceTogether – get the APP

+ City of Calgary 2021 elections; candidates declared running for mayor: Jeremy Farkas, Jyoti Gondek, Brad Field ~ so far 26 candidates for council ~ and lots of other rumoured candidates exploring a run …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude-up ⬆⬆ to pre-pandemic levels; broke through US$58/bbl for WTI, over US$60/bbl for Brent … trader optimism and supply constraint; spot natural gas prices spike due to cold weather in Canada and U.S. markets

+ Emissions Reduction Alberta sending $2.0 million to Quebec; will go to Gazodug Inc. – sounds like a good project, but don’t we want these dollars going to Alberta companies to fund work in Alberta?

+ Genesis Land Development Corp. agreed to acquire 157 acre site in Belvedere for $29.15 million

+ Genworth MI Canada Inc. changed its name to Sagen MI Canada Inc.

+ Government of Alberta reinstated its 1976 coal policy – NO NEW DEVELOPMENT on the eastern slopes of the Rockies; a blow to mining developers, a victory for all those who lobbied the government to come to its senses and align with Albertans. A new policy will be developed, involving public consultation. The lobbying seems to have worked – but projects in the review/development process continue …

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – - January issue, archived issues

+ Imperial Oil crafting ship-by-ship contingency plan if Enbridge Line 5 is shut down in May due to Michigan threatened withdrawal of right of way .. tic toc

+ mCloud Technologies Corp. is moving its global corporate headquarters from Vancouver to Calgary

+ mCloud Technologies Corp signed MOU with Invest Alberta Corporation; using AI-powered ESG solutions to attract investment to Alberta

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE January issue ;  archived PROPERTYlines Issues

+ rig activity in Canada

+ rig counts (active/working) – US: up 8 to 362 this week; Canada: down 3 to 171 this week; full breakdown

+ STEP Energy Services Ltd. in JV with Universal Chemical Solutions Inc. to deliver services in Eagle Ford shale, Permian Basin and in the Bakken

+ Trans Mountain pipeline expansion project construction resumed following a two-month safety-related shutdown

+ Well Health Technologies Corp. agreed to acquire CRH Medical Corp. for US$292.7 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Allied Properties REIT is on the market to raise $600.0 million in debt

+ Altius Renewable Royalties Corp. is on the market to raise $100.0 million in equity by IPO

+ BGP Acquisition Corp. closed US$115.0 million equity financing by IPO

+ BSR REIT is on the market to raise US$60.0 million in equity

+ CareRx Corporation closed $21.2 million equity financing by private placement

+ Cargojet Inc. closed $15.247 million overallotment of its recent equity financing

+ Enerplus Corporation closed a $132.25 million equity financing

+ EQ Inc. is on the market to raise $10.0 million in equity

+ E3 Metals Corp. closed $8.05 million equity financing by private placement

+ GameSquare Esports Inc. is on the market to raise $5.0 million in equity by private placement

+ Loop Energy Inc. is on the market to raise $100.0 million in equity by IPO

+ mCloud Technologies Corp. closed US$6.853 million final tranche of a convertible debt financing

+ Medexus Pharmaceuticals Inc. is on the market to raise $28.3 million in equity

+ MEG Energy Corp. closed US$600.0 million sr. unsecured debt financing

+ Polaris Infrastructure Inc. is on the market to raise $45.0 million in equity

+ QuadReal Property Group closed $400.0 million sr. debt financing

+ Resolute Forest Products Inc. closed $300.0 million sr. unsecured debt financing

+ Sernova Corp. is on the market to raise $20.0 million in equity   

+ Solar Alliance Energy Inc. closed $5.0 million equity financing

+ Surge Exploration Inc. closed $2.4 million equity financing by private placement

+ Telus International closed $1.18 billion equity financing by IPO

+ TG Esports Inc. closed $2.0 million equity financing by private placement

+ VEERUM closed $7.4 million VC round of equity financing

+ Wishpond Technologies Ltd. closed $8.05 million equity financing

+ XORX Therapeutics Inc. closed $6.121 million equity financing by private placement

~

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




 SHAREHOLDER MEETINGS

+ Feb. 15;  Capital régional et coopératif Desjardins, Annual General Meeting, (being held virtually), Montreal

+ Feb. 23; Siyata Mobile Inc., Annual General Meeting, Vancouver

+ Feb. 26; TC Pipelines LP, Special Meeting of Common Unitholders, virtual-only

+ Mar. 22; 49 North Resources Inc., Special Meeting of Debentureholders, Saskatoon

+ Apr. 8; CIBC, Annual Meeting of Shareholders

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Bell upped its CapEx budget for fibre opportunities for contractors by $1.0 billion

+ finalists were chosen for the 2020 Canadian Construction Photo Contest

+ Suncor restarted construction on emissions-cutting projects




 INFRASTRUCTURE + P3 


+ Brookfield Infrastructure agreed to sell Enwave, its North American district energy business for US$4.1 billion

+ CK Group’s sub. Canadian Power Holdings Inc. agreed to acquire two wind-powered facilities (30MW) in the Okanagan; terms not disclosed

+ new priorities for Canada Infrastructure Bank – statement by the Minister




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Energir L.P. released its first-ever Climate Resiliency Report

+ North American Construction Group. Ltd. published its first its inaugural 2021 Sustainability Report




 INTERESTING TRENDS IN RETAIL ... 


+ Aegis Brands Inc. agreed to sell Second Cup Coffee Co. to Foodtastic Inc. for $14.0 million

 

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners


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

this site last updated May 6, 2025