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

FACILITYCalgary June21/22

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

+ Adam Waterous, Global Head, Investment Banking @ Scotiabank, stepping down

+ Alan Rudakoff to Partner @ Scott Venturo LLP

+ Amy Freedman to CEO @ Kingsdale Advisors

+ Dan Nowlan to Vice-Chair @ National Bank of Canada

+ Dominque Boies to Exec. VP & CFO @ Enerkem Inc.

+ Ed Duda to CFO @ Element Lifestyle Retirement Inc.

+ Eugene Bodnar to Partner @ Scott Venturo LLP

+ Gerry Peereboom to VP Integration @ Steelhead LNG

+ Ian Gordon to CFO @ Uniserve Communications Corporation

+ James Puleo to Associate @ Toker + Associates Architecture Industrial Design Ltd.

+ Jo Taylor to Sr. Managing Dir. International @ @ Ontario Teachers’ Pension Plan

+ John Asel to Interim CFO @ Tanager Energy Inc.

+ John Ferguson, Pres. & CEO @ RMP Energy Inc., retiring

+ Jonathan Hausman to Managing Dir., Head of Global Strategic Relationship @ Ontario Teachers’ Pension Plan

+ Luke Pelosi to Interim CFO & EVP Corporate Dev. @ GFL Environmental Inc.

+ Marsha Smith to Pres. @ IKEA Canada

+ Michael Boychuk to Director @ Cadillac Fairview

+ Michael Kraft to CEP @ Hi-Rise Capital Ltd.

+ Michael Medline to Pres. & CEO @ Empire Company Limited

+ Mike Fursier to Branch Mgr., Calgary @ Revay and Associates Limited

+ Natalie Tooley to Associate @ Toker + Associates Architecture Industrial Design Ltd.

+ Nicole Musicco to Sr. Managing Dir. Public Equities @ @ Ontario Teachers’ Pension Plan

+ Nielse Espeland, Pres. International @ Precision Drilling Corporation, resigned

+ Paul Le Roy to Pres., Australia @ Solium Capital Inc.

+ Paul Sullivan to VP Projects @ Steelhead LNG

+ Philip Yuzpe to Pres. & CEO @ Sentry Investments Inc.

+ Richard Surprenant to Sr. VP & Chief Technology Officer @ CO2 Solutions Inc.

+ Rob Kang, CFO @ Element Lifestyle Retirement Inc., resigned

+ Robert McKee to Interim Pres. & CEO @ Firm Capital American Realty Partners Corp.

+ Sandy Poklar to CFO @ Firm Capital American Realty Partners Corp.

+ Scott Shimuk to Partner @ Scott Venturo LLP

+ Stephen Keith to Pres. @ GrowMax Resources Corp.

+ Stuart Pasternak, CFO @ Firm Capital American Realty Partners Corp., resigned

+ Sue Punter to Sr. Property Mgr. Edmonton @ RioCan REIT


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




 SHAREHOLDER MEETINGS

+ 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. 17, 2017




 TODAY'S HEADLINES


HEADLINES: Adam Waterous new firm | AltaGas growing | Total launching takeover bid for Savannah | Tamarack acquires Spar | TransMountain Pipeline expansion approved | Trudeau blunder + Michael Noble 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 Michael Noble, Owner/Chef/Creator of NOtaBLE and The Nash restaurants

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

A recent conversation with Ryan McMillan, Pres. @ McCrum's Office Furnishings

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



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 sponsors of this week's issue:

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



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



 SAVE THE DATE / upcoming events

+ Jan. 23; TOASTMASTERS - new Sales and Marketing Club for sales and marketing professionals - attend a 6:00PM demo meeting at Centre 15, 1509 Centre Sr. S, Calgary

+ 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. 10 ~ 17 


+ Adam Waterous is establishing a new firm, Waterous Energy, based in Calgary

+ AltaGas Ltd. in merger talks with WGL Holdings Inc.; scope of deal is US$5-6 billion range

+ BILD Calgary (Building Industry Land Development) is the new name for Canadian Home Builders Association and Urban Development Institute Calgary

+ Blackbird Energy Inc. completed its $16.2 million Elmworth/Pipestone facility and gathering system construction

+ CEO Survey published by PwC Canada indicates Canadian bosses see short-term uncertainty but long-term optimism … tic toc

+ current energy prices – live link to current Bloomberg energy prices; crude prices staying steady with traders crossing fingers, watching to see if OPEC promises are kept ~ but prices are up nicely this morning ... tic toc

+ Delphi Energy Corp. announced its 2017 CapEx Budget is $65.0 million

+ Dundee Energy Limited initiated a strategic review process for Dundee Energy Limited Partnership

+ GOA land sale on Jan. 11th netted $12.73 million

+ Kinder Morgan got B.C. government approval (37 additional conditions) of its Trans Mountain pipeline expansion project

+ Kingsdale Shareholder Services re-named itself Kingsdale Advisors

+ Madalena Energy Inc. closed $10.0 million sale of its Coiron Amargo asset to Pan American Energy LLC

+ MEG Energy Corp. announced its 2017 CapEx Budget is $590.0 million

+ Place-Crete Systems LP closed its acquisition of Associated Asbestos Abatement Ltd.

+ Prime Minister Justin Trudeau make a dumb move; speaking in Peterborough last week he spoke of ‘phasing out oil sands’ … and now he knows now to incur the wrath of Albertans – and we now know the apple did not fall far from the tree … tic toc

+ Sanchez Energy and Blackstone Energy Partners agreed to a 50/50 JV to acquired Anadarko Petroleum’s interest in the western Eagle Ford for US$2.3 billion

+ Savanna Energy Services Corp. announced its 2017 CapEx Budget is $22.0 million

+ Savanna Energy Services Corp. has commenced a strategic alternatives process, opened a data room and is looking for qualified/interested parties

+ Secon Holdings LP closed its acquisition of 70% interest in Tundra Mechanical and Millwrighting Ltd.; terms not disclosed

+ Tamarack Valley Energy Ltd. closed its acquisition of Spur Resources Ltd.; $407.5 million cash and shares transaction

+ TFI International Inc. acquired World Courier Ground U.S.

+ Total Energy Services Inc. announced they will make a takeover bid for Savanna Energy Services Corp.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algonquin Power Co. is on the market to raise $300.0 million in sr. unsecured debt

+ Condor Petroleum Inc. secured US$10.0 million credit facility

+ H&R REIT is on the market to raise $150.0 million in sr. unsecured debt by private placement

+ MEG Energy Corp. is on the market to raise US$750.0 million in sr. secured debt

+ MEG Energy Corp. closed $517.8 million in equity financings

+ PHX Energy Services Corp. is on the market to raise $25.0 in equity

+ Relentless Resources Ltd. closed $1.0 million in private placement equity financings

+ RioCan REIT closed $300.0 million sr. unsecured debt financing

+ Strad Energy Services Ltd. is on the market to raise $10.0 million in equity

+ Strategic Oil & Gas Ltd. is on the market to raise $5.0 million in equity by private placement
+ Tamarack Valley Energy Ltd. secured $220.0 million credit facility

+ Tidewater Midstream and Infrastructure Ltd. closed $69.0 million equity financing

+ US Oil Sands Inc. closed US$7.5 million sr. secured debt financing




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ interview tips from LinkedIn’s top recruiter/boss




 NEW TECH + TOOLS TO WATCH 

+ WebSlides – create stories, HTML presentations made easy




 QUOTES

+ Success is not final, failure is not fatal: it is the courage to continue that counts. – Winston Churchill

+ In the end, we will remember not the words of our enemies, but the silence of our friends. – Martin Luther King, Jr.




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ world’s largest solar tower to be built in Israel …

+ IKEA are doing massive solar roofs …




 this week in REITS 


+ Milestone Apartments REIT closed the US$24.6 million disposition of its Arbor Creek property (280 units) in Fort Worth, TX

+ RioCan REIT closed $300.0 million sr. unsecured debt financing

+ Sunstone U.S. Opportunity (No. 4) Realty Trust closed the sale of its final two property interests in Texas; US$35,575,000.0 and US$36,360,000.0

+ Sunstone U.S. Opportunity (No. 3) Realty Trust closed the sale of its final two property interests in Arizona and Texas; US$22,000.000.0 and US$4,040,000.0




INTERESTING REAL ESTATE NEWS, other places


+ Centerboard Group acquired 1,056 room Rocanville lodging facility from Potash Corporation of Saskatchewan for dismantling and relocation; terms not disclosed

+ Chartwell Retirement Residences agreed to acquire The Orchards Retirement Residence in Vineland, ON; 107-suites, $22.0 million




 CONSTRUCTION NEWS + INNOVATION 


+ a Star Wars museum? … the Lucas Museum of Narrative Art will be built in Los Angeles; US$1.0 billion, 275,000 sq. ft. project …




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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