FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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CONVERSATIONS

A recent conversation with Dean Kendall, Financial Organizer at Ideal Life Experience Ltd.

A recent conversation with Barry Heck, Pres. & CEO @ WINSPORT

Click here to access the archive (2012-2019) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Aaron Triplett to CFO @ Hillcrest Petroleum Ltd.

+ Amanda Wright to Director of Finance @ West Campus Development Trust

+ Annesley Wallace to Chief Pension Officer @ OMERS

+ Bharat Mahajan to Exec. VP & CFO @ Stuart Olson Inc.

+ Brad Ferguson to Pres. @ BGE Indoor Air Quality Solutions

+ Carl Delisle to VP & Corporate Controller @ LOGISTEC Corporation

+ Christopher Phone to CEO @ Bellemont Group

+ Craig Patterson to Coordinator, Contract Services @ Defence Construction Canada

+ David Calhoun to CEO @ Boeing Co.

+ Dean Hutchison to Partner @ Caron & Partners LLP

+ Elyse Murphy to Strategic Account Mgr. @ Aucerna

+ Farzana Wright to Leasing Coordinator @ BentallGreenOak

+ Gregor Neilson to Sr. VP, Operational Excellence @ WSP

+ Hope Bagozzi to Chief Marketing Officer @ Time Hortons

+ Iain Nairn to Pres. @ Hudson’s Bay Co.

+ Ilias Konstantopoulos to CEO @ Great Gulf Group

+ Isaac Bell to Sr. Director, Development @ Shape Properties Corp.

+ Jack Nodwell, Director @ Strad Inc., retired

+ Jacqueline Moore to Sr. Associate @ TEEMA

+ Jeff Leachman to Gen. Mgr. @ Custom Elevator Interiors Inc.

+ Jerry Patava, CEO @ Great Gulf Group, retired

+ John Beck to Non-Exec. Chairman @ Aecon Group Inc.

+ John Haug to Interim CFO @ Ceres Global Ag Corp.

+ John Schario to COO @ Medical Facilities Corporation

+ Judith Buie to Director @ Enerplus Corporation

+ Julie Lalonde to Managing Partner @ Walter Global Asset Management

+ Kyle Egbert, CFO @ Ceres Global Ag Corp, resigned

+ Linda Sullivan to Director @ AltaGas Ltd.

+ Lisa Raitt to Vice-Chair, Global Investment Banking @ CIBC

+ Lou Eccleston, CEO @ TMX Group, stepped down/retired early

+ Mark Gifford to CEO @ Real Estate Foundation of BC

+ Mathieu Landry to VP Technology & Bus. Dev. @ Azimut Exploration Inc.

+ Nancy Tower to Director @ AltaGas Ltd.

+ Nikki Neuburger to Chief Brand Officer @ Lululemon athletica inc.

+ Patricia Misutka to COO @ Imperial Equities Inc.

+ Pawel Dangel to Director @ Thomson Reuters Founders Share Company

+ Rene Tremblay to Trustee @ CAP REIT

+ Scott Gordon to Sr. Managing Dir., Head of Real Estate Asset Management, Canada @ Manulife Investment Management

+ William Polley, Director @ Advantex Marketing International Inc.

~

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




 TECH Corner ...

+ Visa agreed to acquire Plaid Inc. for US$5.3 billion




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ working from home ~ are remote workers slacking off?

+ HR priorities for the year ahead – forecast for 2020




 SAVE THE DATE / upcoming events

+  Jan. 18; The Value Of Alberta/one day conference by Alberta Proud, Telus Convention Centre, info/tickets

+ Feb. 12; Canadian Association for the World Petroleum Council, Evening with Jeff Shellebarger, Calgary Hyatt Hotel; info/tickets

+ Feb. 24-28; 24th Annual International Pressure Equipment Integrity Association Conference & Exhibition, Banff Centre, Banff; info/registration

+ Mar. 13-14; Canada’s 8th National Fair Trade Conference, Hotel Arts, Calgary; info/registration

+ Apr. 1-3; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

+ Apr. 22; Earth Day (50th Anniversary), celebrated world wide; details




 SHAREHOLDER MEETINGS

+ Jan. 21; Alberta Real Estate Association, Annual General Meeting, Red Deer

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

~

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: AESO power-outage risk | Coast GasLink construction resumes | Cona Resources closed Pengrowth acquisition + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




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January 30 - 31, 2020


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Early Bird: $1,450 until December 15

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NEWS SUMMARY 
 Jan. 7 ~ 14 / 20 


+ Advantage Oil & Gas Ltd. announced its 2020CapEx Budget is $170.0 million

+ Alberta Energy System Operator (AESO) warns for possible power outage; spikes in demand due to cold weather and unexpected outages at two power plants have operators on alert … tic toc

+ Athabasca Oil Corporation announced its 2020CapEx Budget is $125.0 million

+ Coastal GasLink pipeline project construction resumed as court injunction curtailed blockage by activist opponents of the pipeline … tic toc

+ Cona Resources Ltd. closed its $740.0 million acquisition of Pengrowth Energy Corporation

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices soften as middle-east risk eases and U.S. inventory build concerns traders; meanwhile, natural gas prices at 10-month high …

+ Precision Drilling Corporation announced its 2020CapEx Budget is $85.0 million

+ Osprey Informatics changed its name to Osperity

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 15 to 781this week; Canada: up 118 to 203 this week; full breakdown

+ Toscana Energy Income Corporation engaged advisors and initiated a strategic alternatives process

+ Western Energy Services Corp. announced its 2020CapEx Budget is $8.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Manulife Private Equity Partners L.P. closed US$1.5 billion private equity fund

+ Pembina Pipeline Corporation closed $1.0 billion sr. unsecured debt financing

+ PUDO Inc. closed $367,166.0 equity financing by private placement

+ PUDO Inc. closed $100,000.0 equity financing by private placement

+ Renaissance Oil Corp. closed US$1.0 million equity financing

+ Subversive Real Estate Acquisition REIT LP closed US$200.0 million equity financing by IPO

~

*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 + BUILDING INNOVATIONS  


+ Brookfield Asset Management JV with Singapore’s Temasek Holding bidding to acquire Thyssenkrupp’s North American elevator division; reported as $16.6 billion bid … tic toc

+ Pembina Pipeline Corporation JV awarded an EPC lump sum for $2.7 billion to a 50/50 partnership of Fluor Canada Ltd. and Kiewit Construction Services ULC; overall project will have $4.9 billion capital cost, will open in later part of 2023




 INFRASTRUCTURE / P3  


+ Polaris Infrastructure Inc. started commercial operations at two run-of-river projects in Peru (28MW)

+ TransAlta Renewables Inc. commenced commercial operations at two new wind farm projects; Big Level (90MW in Pennsylvania) wind farm and Antrim (29MW in New Hampshire) wind farm




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Equiton Residential Income Fund closed its acquisition of two 7-story building in Mississauga, ON; 155 units – terms not disclosed

+ Fengate Asset Management and Freed Developments Ltd. JV acquired 4.4 TOD mixed-use development site with entitlements in place in Toronto from Allied Hotel Properties Inc.

+ Gateway Casinos & Entertainment Inc. put its two Alberta casinos (both in Edmonton) on the market For Sale as part of its reverse takeover transaction to be acquired by Leisure Acquisition




 INTERESTING TRENDS IN RETAIL 


+ Aegis Brands (The Second Cup Ltd.) completed its acquisition of Bridgehead Coffee (19 stores)

+ Pier 1 Imports Inc. is near a bankruptcy filing; reduced HQ staff by 40%, will shut 450 of its 942 stores and is also reported to be closing some or all of its 65 stores in Canada – and a Chapter 11 filing is widely expected soon … tic toc




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE  


+ ED Modular (EllisDon) opened its new facility in Stoney Creek, ON; largest modular construction facility in Canada

+ GWL Realty Advisors and Canada Life acquired 1.1 million sq. ft. DSV Solutions flagship distribution facility; sale/leaseback transaction for $180.0 million




 QUOTES 

+ Never underestimate the difference you can make in the lives of others. Step forward, reach out, and help. - Pablo

+ Let us remember: one book, one pen, one child, and one teacher can change the world. – Malala Yousafzai




 this week in REITS 


+ BTB REIT closed the sale of a 200,000 sq. ft. property in Ingersoll, ON, for $13.3 million

+ Firm Capital American Realty Partners Trust completed its conversion to a REIT structure

+ Rene Tremblay to Trustee @ CAP REIT

+ Subversive Real Estate Acquisition REIT LP closed US$200.0 million equity financing by IPO

+ Summit Industrial Income REIT acquired 51,490 sq. ft. building in Oakville, ON for $13.3 million


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this site last updated May 6, 2025