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FACILITYCalgary June21/22

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

+ Adlai Chester, CEO @ Mainstreet Health Investments Inc., resigning

+ Benjamin Grunfeld to Managing Dir. @ Navigant Consulting

+ Bishop Fred Henry @ Catholic Diocese of Calgary, resigned

+ Cameron Vouri, VP & COO @ Manitok Energy Inc., resigned

+ Cheryne Lowe to CFO @ Pine Cliff Energy Ltd.

+ Chris Davis to Principal @ Read Jones Christoffersen Ltd.

+ Craig Loudon to Interim CFO @ Indigo Books & Music Inc.

+ David Dyck, CFO @ Penn West Petroleum Ltd., left the company

+ David Hendry to CFO @ Penn West Petroleum Ltd.

+ Gregg Gegunde, Sr. VP Exploitation @ Penn West Petroleum Ltd., left the company

+ Jakub Korczak, VP @ Serinus Energy Inc., resigned

+ Jill Vardy to Chief of Staff @ Bank of Canada

+ Ken Erdman to Director, Bus. Dev. @ Alpine Building Maintenance

+ Kiya Hushyar to CFO @ Progressa

+ Kristi Kunec, CFO @ Pine Cliff Energy Ltd., resigned

+ Mark Bowen to Principal @ Read Jones Christoffersen Ltd.

+ Scott White to CEO @ Mainstreet Health Investments Inc.

+ Sid Nieuwdorp to Pres. & COO @ West Canadian Graphics

+ Tim O’Day to Pres. & COO @ Boyd Group Income Fund

+ Ty Stafford to Pres. & CEO @ Imperial Parking Corporation

+ Tyler Murphy to CFO @ Medical Facilities Corporation

+ William Gratton to Bishop @ Catholic Diocese of Calgary


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




BOARDROOM changes, purges, appointments etc.

+ Josh Young to Director @ RMP Energy Inc.


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ horse sense in a different sense: Nancy Lowery is running another open registration Reigns Of Responsibility program (I did it last year – really enjoyed getting up-close and personal with a horse);  the next open session is March 17th. Maybe you’ve heard of Nancy – she’s soon going to publish a case study on her work with ATB – no other company in the world has put more people through ‘time with a horse’ than ATB! And, if you want to meet her, check out her TedxYYC talk – learn about ‘coming off a horse’ from an awesome woman who brews the best coffee in Balzac when she’s not teaching people about people using horses …




 SHAREHOLDER MEETINGS

+ Jan. 11; Nav Canada; Annual Meeting, Ottawa

+ Jan. 19; BOMA Calgary, Annual General Meeting, Calgary

+ Jan. 23; Changfeng Energy Inc., Special Meeting of Shareholders, Toronto

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

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


[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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Jan. 10, 2017




 TODAY'S HEADLINES


HEADLINES: DirectCash closed its merger | Enerplus sells North Dakota package | Energy East panel struck | Pengrowth sells royalty package | Sears troubles continue + Dan Wicklum interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

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. 

This week's conversation with Dan Wicklum CEO @ Canada's Oil Sands Innovation Alliance

Last week's conversation with Ryan McMillan, Pres. @ McCrum's Office Furnishings

A recent conversation with Kent Brown, Founder and Director @ BluEarth Renewables

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



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 sponsors of this week's issue:

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



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



 SAVE THE DATE / upcoming events

+ Jan. 26;  CCVO presents Breakfast & Conversation: Let's Talk Reconciliation with Dr. Robert Joseph; info/registration

+ Jan. 27-29; IGNITE Design Competition; CSC sponsored student competition; SAIT & MRU; tickets/info

+ Jan. 29-31; ICSC Whistler Conference 2017, Fairmont Chateau, Whistler, BC; info/registration

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

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

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

+ 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. 3 ~ 10 


+ Bellatrix Exploration Ltd. announced its 2017 CapEx Budget is $105.0 million

+ BDO Canada LLP merged with/acquired Etelligent Solutions Inc.

+ Crew Energy Inc. announced its 2017 CapEx Budget is $200.0 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices softened due to several factors – concern about OPEC cutback solidarity, in particular Iraq exceeding output promises tic toc

+ DirectCash Payments Inc. completes is arrangement/sale to Cardtronics Holdings Limited; $623.0 million transaction value

+ Enerplus Corporation closed the sale on its non-operated North Dakota assets for US$292.0 million

+ Grand Power Logistics Group Inc. closed its going-private transaction

+ Kelt Exploration Ltd. agreed to sell a portfolio of Karr area oil & gas properties for $100.0 million

+ McCoy Global Inc. closed its US$6.1 million acquisition of 3PS Inc.

+ NEB named NEW/REPLACEMENT Energy East and Eastern Mainline pipeline projects Hearing Panel members (Don Ferguson, Carole Malo and Marc Paquin)

+ Pason Systems Inc. closed its acquisition of Verdazo Analytics Inc.

+ Pembina Pipeline Corporation go regulatory approval to go-ahead with its $235.0 million expansion in NE British Columbia

+ Pengrowth Energy Corporation closed $250.0 million sale of royalty interests (Lindbergh SAGD Thermal Assets) to PrairieSky Royalty Ltd.

+ Penn West Petroleum Ltd. announced its 2017 CapEx Budget is $180.0 million

+ PetroMaroc Corporation plc closed its disposition of Sound Energy plc

+ retail rumblings … in the U.S., Sears sold the Craftsman brand and are closing 150 stores, Macy’s announced 68 of 100 locations they’ll close this year, The Limited is shutting all its stores; the growth of internet shopping is clearly a factor, as is ‘not keeping pace’ with consumer needs … tic toc

+ Seven Generations Energy Ltd. announced its 2017 CapEx Budget is $1.05 billion

+ SNC-Lavalin closed its sale of Real Estate Facilities Management business in Canada to Brookfield Global Integrated Solutions (does not include community mailboxes and P3 activities)

+ TD Securities closed its acquisition of Albert Fried & Company

+ Total Energy Services Inc. announced its 2017 CapEx Budget is $22.8 million

+ Western Energy Services Corp. announced its 2017 CapEx Budget is $13.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Appia Energy Corp. closed $234,180.0 flow-through shares financing by private placement

+ BIOX Corporation closed US$5,221,546 bridge debt financing

+ Exchange Income Corporation closed $98.0 million equity financing

+ Groundstar Resources Limited closed final $45,000.0 tranche of its flow-through shares financing

+ Jericho Oil Corporation closed $5,385,756.0 in common share & warrant financings by private placement

+ Morguard North American Residential REIT closed $60.0 million equity financing

+ Serinus Energy Inc. is on the market to raise $25.2 million in equity

+ Spriza Media Inc. closed $222,000.0 tranche of common share & warrant financing

+ Stonegate Agricom Ltd. closed $2.0 million common share & warrant financing by private placement

+ Whitecap Resources Inc. closed $200.0 million sr. secured debt financing




 NEW TECH + TOOLS TO WATCH 

+ ‘note to self’ … we’ve all had those moments, and lost them: a new app called JOT for your phone

+ QuirkLogic, a Calgary company, is looking for ‘early adopter applicants’ for its new product: Quilla, a connected eWriter systems – looks like a white board/paper tool … very cool




 QUOTES

+ Your past is not your future. You have the power to make new decisions for your life starting today. – Deb Sofield

+ Worry never robs tomorrow of its sorrow, it only saps today of its joy. – Leo Buscaglia




 KUDOS 

+ to three Calgarians named to the Order of Canada; Chen Fong, Ruth Collins-Nakai and Jacqueline Guest




 INFRASTRUCTURE / P3  


+ Saskatoon’s Civic Operations Centre reached substantial completion; Integrated Team Solutions (Fengate, EllisDon et al) built the 450,000 sq. ft. facility and will operate it under a 25-year contract




 this week in REITS 


+ American Hotel Income Properties REIT LP closed its acquisition of two Embassy Suites properties (Texas and Arizona) for US$57.6 million

+ Choice Properties REIT announced its plans to re-develop the Golden Mile Shopping Centre in Toronto; 19 acre site was first developed in mid-1950s – will convert to mixed use TOD site

+ Morguard North American Residential REIT closed $60.0 million equity financing




INTERESTING REAL ESTATE NEWS, other places


+ Choice Properties REIT announced its plans to re-develop the Golden Mile Shopping Centre in Toronto; 19 acre site was first developed in mid-1950s – will convert to mixed use TOD site 




 CONSTRUCTION NEWS + INNOVATION 


+ elevator news and astounding statistics on China .. and check out the window washers!




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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