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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alejandra Bonilla to Corp. VP Legal @ Frontera Energy Corporation

+ Bing Deng to VP Sales & Marketing @ McCoy Global Inc.

+ Bruno Guilmetter to Interim Chief Investment Officer @ Canada Infrastructure Bank

+ Carla Hansen to Sr. Vendor Mgr., NETFLEX @ TransCanada Corporation

+ Darcy Verhun to Pres. @ FYidoctors

+ Don Ezra to Director @ Morneau Shepell Asset & Risk Management Ltd.

+ Duncan Nightingale to Corp. VP Development & Reservoir Mgmt. @ Frontera Energy Corporation

+ Gerald McDonald to CEO @ Engineers Canada

+ Jacob Irving to Pres. @ Energy Council of Canada

+ Jorge Fonseca to Corp. VP Bus. Dev. @ Frontera Energy Corporation

+ Kenneth Watt, Sr. VP, Sales & Technology @ McCoy Global Inc., resigned

+ Kevin Lynch to Chairman @ SNC-Lavalin

+ Lawrence Stevenson, Chairman @ SNC-Lavalin, retiring

+ Mark Salkeld, Pres. & CEO @ Petroleum Services Association of Canada, resigned

+ Peter Vanderzwaag to Sr. Estimator @ EllisDon

+ Richard Herbert to Directore @ Frontera Energy Corporation

+ Sean Guest to CEO @ Valeura Energy Inc.

+ Susannah Pierce, Director @ Gemini Corporation, resigned

+ Tracy MacPherson to Managing Dir., People Advisory Services @ Ontario Teachers’ Pension Plan

+ William Nurnberger to Interim CFO @ Distinct Infrastructure Group Inc.


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




 MEMORIAM

+ Terry Cavanagh, longtime Alderman and former Mayor of Edmonton, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ harassment named Canadian Press News Story of the Year




 QUOTES 

+ The best thing you can do for a friend when they’re hurt, is to be there, even when you have nothing to offer but you presence. – unknown

+ The only person you should try to be better than is the person you were yesterday. – Matty Mullins




 KUDOS 

+ to Calgarians Jann Arden, Thomas Feasby, Howard Gimbel and David Werklund – named Members of the Order of Canada




  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

+ FTC – U.S. Federal Trade Commission

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ GW - gigawatt

+ 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

+ LPG – Liquefied Propane 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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this  site is refreshed with a new issue every Tuesday morning


updated January 2, 2018




 TODAY'S HEADLINES


HEADLINES: Agrium merger done | crude prices up↑⬆ | Brookfield/Onex bidding on Regus | Happy New Year + Jenn Lofgren interview  + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Jenn Lofgren, Founder/CEO @ INCITO

A recent conversation with Craig Tervit, Wills & Estates lawyer @ The Last Word

A recent conversation with Marissa Enage, U.S. Sr. Tax Manager @ Catalyst Group

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



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



 sponsors of this week's issue:

e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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



 SAVE THE DATE / upcoming events

+ Mar. 21-23/2018; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register


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



 SHAREHOLDER MEETINGS

+ Jan. 4; Mainstreet Health Investments Inc., Special Shareholder Meeting, Toronto

+ Jan. 24; Pure Technologies Ltd., Special Meeting/Approve Merger, Calgary

+ Jan. 26, Alberta Real Estate Association, Annual General Meeting, Grande Prairie


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



 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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NEWS SUMMARY 
 December 19 ~ January 2 


+ Agrium and Potash Corporation of Saskatchewan merger completed; new entity name is Nutrien, and begin trading under that name today

+ AltaGas Ltd. announced its 2018CapEx Budget is $400.0 million

+ Bonterra Energy Corp. agreed to sell a gross overriding royalty in its Pembina Cardium pool for $52.0 million

+ Bonterra Energy Corp. announced its 2018CapEx Budget is $75.0 million

+ Brookfield Asset Management Inc. and Onex Corp. in talks to takeover IWG PLC (parent of Regus brand – 3,000 locations, 100 countries) – market cap is $3.9 billion … tic toc

+ Cequence Energy Ltd. closed two transactions (total $4.3 million) of non-core Lower Montney asset sales

+ current energy prices – live link to current Bloomberg energy prices; WTI over US$60/bbl, Brent scratching US$67/bbl … Libyan pipeline outage, OPEC holding the line and decreased stockpiles seem to be the cause of the price bump – which is spurring U.S. fracking companies to gear up … tic toc

+ Dynacorp Energy Services and Energes Oilfield Solutions LLC have combined; will operate as EnerCorp Sand Solutions

+ Georox Resources Inc. agreed to acquire a portfolio of Saskatchewan oil & gas assets for $4.5 million

+ GOA land sales; last week’s sale produced $18.0 million, bringing the year’s total to $504.0 million which was way up from $137.0 million in 2016 [record was $3.5 billion in 2011]

+ Harvest Operations announced it will complete and start producing its halted BlackGold projects; SAGD production expected by 3rd qtr. 2018

+ Ikkuma Resources Corp. completed id $29.7 million acquisition of BC deep basin assets

+ Inter Pipeline Ltd. announced its 2018CapEx Budget is $820.0 million

+ Mainstreet Health Investments Inc. is renaming itself as Invesque Inc.

+ rig counts down by 28 to 210 over the holidays; full breakdown

+ Source Energy Services Ltd. opened its Fox Creek unit train terminal

+ Source Energy Services Ltd. announced its 2018CapEx Budget is $50.0 million

+ Sterling Resources Ltd. and PetroTal Ltd. completed their arrangement; merged firm will operate as Sterling Resources Ltd.

+ Tidewater Midstream and Infrastructure Ltd. closed $34.0 million Montney area asset acquisition

+ U.S. rig counts up 42% over a year ago; steady this week with no change at 747




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Automotive Properties REIT secured $34.0 million credit facility

+ Canadian Helicopters Limited closed $8.0 million debt financing

+ CO2 Solutions Inc. closed $1.5 million convertible debt and warrants financing

+ European Focused Dividend Func closed $87.0 million IPO

+ Exchange Income Corporation closed $100.0 million convertible unsecured sub. debt

+ Fiera Capital Corporation closed $169.0 million in equity financings

+ Firm Capital American Realty Partners Corp. is on the market to raise US$3.5 million

+ La Capitale closed $150.0 million equity financing

+ Mainstreet Health Investments Inc. is on the market to raise US$54.0 million in convertible preferred equity

+ Marksmen Energy Ltd. closed $573,950.0 common share & warrants financing by private placement

+ Melcor REIT closed $17.0 million equity financing

+ Melcor REIT closed $23.0 million convertible debt financing

+ Point Loma Resources Ltd. closed $3.45 million flow-through shares financing

+ Return Energy Inc. closed $5.0 million equity financing by private placement

+ Target Capital Inc. closed $5.0 million equity financing by private placement

+ Tilting Capital Corp. is on the market to raise $500,000.0 in equity by private placement

+ Vital Energy Inc. closed $100,000.0 secured convertible debt financing by private placement




 this week in REITS 


+ Allied REIT closed the sale of its 6 Quebec City properties for $24.0 million

+ Automotive Properties REIT secured $34.0 million credit facility

+ Killam Apartment REIT announced two acquisitions; 106 units in Halifax for $13.0 million and 106 units in London, ON for $8.5 million

+ Melcor REIT closed $17.0 million equity financing

+ Melcor REIT closed $23.0 million convertible debt financing

+ Summit Industrial Income REIT formed a JV with Urbacon Montreal LP to develop, own and operated digital data centres

+ True North Commercial REIT close its $53.0 million ‘Bullfrog’ campus acquisition in Halifax




 INFRASTRUCTURE / P3  


+ Brookfield Infrastructure Partners agreed to sell its 27.8% interests in Chile’s ETC Transmission Holdings to China Southern Power Grid International for $1.6 million

+ Fiera Infrastructure Inc. acquired 100% of Macquarie Principal Finance’s interest in portfolio of UK residential rooftop solar assets; 13,254 rooftops/41MW; terms not disclosed

+ GOA is planning a ‘super laboratory’ to be built on University of Alberta South Campus in Edmonton; $20.0 million budgeted for design, project will cost $235.0 million – to open in 2022 and involve the government taking over all laboratory services in the province … tic toc

+ SNC-Lavalin agreed to form a JV with ABB to deliver 88KV AC; deal will close 2nd qtr. 2018




 CONSTRUCTION NEWS + INNOVATION 

+ Aecon Group Inc. (30%), Dragados Canada, Inc. (27.5%), Flatiron Constructors Canada Limited (27.5%), and EBC Inc. (15%) JV - selected as preferred proponent by BC Hydro for Site C generating station and spillways civil works contract

+ top 10 architectural and design stories of 2017




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ the White Spot site on West Georgia in Vancouver sold for $245.0 million ($615.0/buildable sq. ft.); that’s a lot of Double O sauce; owner is Hong Kong based public company; site is zoned to support 398,000 sq. ft. of residential development …


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