FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amanda Fink to Director, Marketing @ Servall Development

+ Andrew Fowler to Lead, Western Region Sales @ eStructure

+ Brent Choi to CEO/CCO @ DDB Canada

+ Bruce Ferguson to Branch Mgr., LRT Expansion & Renewal @ City of Edmonton

+ Bryan Badgley to Sr. Architectural Designer @ Metric Modular

+ Bryan Walton, Pres. & CEO @ Alberta Cattle Feeders’ Association, retired

+ Charles Emond to Exec. VP @ Caisse de dépôt et placement du Québec 

+ Cole Gagne to Geologist @ Barr Engineering Co.

+ Craig Blakney to Learning Designer & Training Delivery Specialist @ Alberta Energy Regulator

+ Damon Larkin to Production Mgr. @ MgO Systems Ltd.

+ Dan Lindsay to Pres., Western Canada @ GDI Integrated Facility Services

+ David Watson to Board Vice-Chair @ Habitat for Humanity

+ Donna Smiley to VP Operations @ Sylogist Ltd.

+ Fred Kozak, VP Corp. Dev. @ ARROW Exploration Corp., let go

+ Graham Janega to COO @ Canbriam Energy Inc.

+ Jamie Fay to Pres. & COO @ Gabriella’s Kitchen Inc.

+ Janice Tranberg to Pres. & CEO @ Alberta Cattle Feeders’ Association

+ Jeff Brownridge to Strategic Account Exec. @ Dun & Bradstreet Canada

+ Jim Pedergast to VP Canadian Operations @ MgO Systems Ltd.

+ Joe Canavan to CEO @ NEXT Canada

+ Julie Cordeiro to CAO & General Counsel @ Burgundy Asset Management Ltd.

+ Kate Thompson to VP Development @ Calgary Municipal Land

+ Kaulin Melnyk to VP Sales @ Nubix Television

+ Keli Bulger to HR Superintendent, Canadian Operations @ De  Beers Canada Inc.

+ Martin Coiteux to Chief Economis @ Caisse de dépôt et placement du Québec 

+ Meghan Perry to CFO @ MgO Systems Ltd.

+ Niaz Tadayyon, Chief Analytics Officer @ Cadeon Inc., left the company

+ Randy Lennox to Board Chairman @ Banff World Media Festival

+ Rick Henderson to Director of Estimating @ Bird Alberta Commercial

+ Scott Chalker to GM, JV and Commercial NA @ CNOOC International

+ Stephen Smith to Director @ West Wind Aviation Group

+ Waqar Syed to Managing Dir. North American Energy Services @ AltaCorp Capital Inc.

~

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




 MEMORIAM

+ David Eadey, former City Clerk @ City of Edmonton; 66

+ Jack Belkin, mortgage and real estate industry practitioner and teacher; 88

+ Kerry Longpre, community activist/volunteer and former VP Communications @ Calgary Foundation, 71




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ 49% of Canadians would consider relocating for a job …

+ how to build the ‘perfect’ CV




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ IPO – Initial Public Offering

+ ISO – International Organization for Standardization

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



current week data

this  site is refreshed with a new issue every Tuesday


updated January 22, 2019




 TODAY'S HEADLINES


HEADLINES: ACAD becomes a U | Athabasca sale | BP cutback | Husky drops MEG bid |  Keystone XL progress + Vincent Fung interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher 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 Vincent Fung, Managing Dir. & CEO @ Debian Information Technology

A recent conversation with Darby Young, Chief Accessibility Strategist/CEO @ Level Playing Field

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



 sponsors of this week's issue:

 
 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



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



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 QUOTES 

+ Action speaks louder than words but not nearly as often. – Mark Twain

+ Happiness is an attitude. We either make ourselves miserable, or happy and strong. The amount of work is the same. – Carlos Castaneda




 KUDOS 

+ to Gary Mar and his gang at PSAC – their 25th Annual STARS & SPURS Gala raised $1.4 million for STARS (Shock Trauma Air Rescue Society)




 SHAREHOLDER MEETINGS

+ Jan. 24; Alberta Real Estate Association, Annual General Meeting, Banff

+ Jan. 29; Metro Inc., Annual General Meeting, Montreal

+ Jan. 31; Trinidad Drilling Ltd., Special Meeting of Shareholders, Calgary

+ Feb. 5; AGT Food and Ingredients Inc., Special Shareholders Meeting, Toronto

~

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




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NEWS SUMMARY 
 January 15 ~ 22 


+ ACAD rebranding; now to be Alberta University of the Arts

+ Athabasca Oil Corporation closed its $265.0 million sale of its Leismer Infrastructure transaction with Enbridge Inc.

+ Bellatrix Exploration Ltd. announced its 2019 CapEx Budget is $40.0 million

+ BP Canada reducing its plans for offshore Nova Scotia exploration; surrendered 50% of the area covered by its licence in four parcels located 300km. SE or Halifax

+ BREXIT watch: British Parliament voted down the ‘Plan A’, with ‘Plan B’ coming next - there doesn’t seem to a solution and many are advocating for a 2nd referendum to ‘let Britons decide’ …

+ Crescent Point Energy Corp. announced its 2019 CapEx Budget is $1.2 billion

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com

+ CWC Energy Services Corp. announced its 2019 CapEx Budget is $5.4 million

+ DAVOS watch: global growth is slowing and stock markets reacting – IMF concerned about potential recession and rocky times in Britain and China

+ Husky Energy’s takeover bid for MEG Energy Corp. expired without Husky securing sufficient shareholder support for the deal – so, for now, it appears the deal is off … tic toc

+ Jupiter Resources Ltd. announced its 2019 CapEx Budget is $190.0 million

+ MEG Energy Corp. announced its 2019 CapEx Budget is $275.0 million

+ rig counts - Canada: up 25 to 209 this week; click for full breakdown

+ rig counts – U.S.: down 25 to 1,050 this week; full breakdown

+ Tamarack Valley Energy Ltd. announced its 2019 CapEx Budget is $170.0 million

+ Tourmaline Oil Corp. reduced its 2019 CapEx Budget to $1.225 billion

+ TransCanada Corporation got NEB approval to being construction activities ‘in Canada’ for the Keystone XL Project

+ WestJet took delivery of its first Boeing 787 Dreamliner; they named it Clive Beddoe

+ ZCL Composites Inc. agreed to be acquired by Shawcor Ltd. for $312.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Chorus Aviation Capital (Ireland) Limited secured US$300.0 million credit facility

+ Gabriella’s Kitchen Inc. secured $1.0 million by a convertible debt financing

+ Granite Oil Corp. closed $437,171.0 final tranche of its equity financing by private placement

+ Toronto-Dominion Bank Group is on the market to raise $350.0 million by a preferred share issue

~

*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 + INNOVATION 

+ Alberta launches first project of $1.6 billion plan to upgrade ‘heavy load road network’

+ The Tulip may get trimmed ... tic toc

+ world’s largest waste-to-energy facility to open in 2020

+ International Organization for Standardization (ISO) published new standards for BIM




 INFRASTRUCTURE / P3  


+ Contemporary Calgary selected Gibbs Gage/KPMB Architects to handle the reinvention of the Centennial Planetarium property – into a world-class contemporary and modern art gallery; under a 25 yr. lease agreement the City of Calgary are funding $24.5 million of the $32.0 million capital budget …

+ Government of Ontario is calling for Expressions of Interest to redevelop 155 acre Ontario Place development




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Concerts’ CREC Commercial Fund LP agreed to acquire a 90% interest in Amazon’s distribution facility in Ottawa (1.0 million sq. ft./96.2 acre site); developer Broccolini will retain 10%

+ Holloway Lodging Corporation sold its Travelodge in Dartmouth, NS for $6.9 million




 INTERESTING THINGS IN RETAIL 


+ in the U.S., former Sears Eddie Lampert CEO won the Chapter 11 bankruptcy auction; will keep 400 Sears stores open




 INTERESTING THINGS IN OFFICE REAL ESTATE 


+ will ‘space as a service’ become the new ‘swing space’ for tenants who are moving? Case in point, Deloitte just leased the ‘Spaces’ premises intended for co-working space; Deloitte will be the sole occupant of the building while they wait for their new building to be completed …


 this week in REITS 


+ Crombie REIT confirmed it sold a 50% interest in a seven-property portfolio for $41.6 million to Firm Capital Property Trust

+ InterREnt REIT agreed to acquire a 5-property portfolio in Montreal; 253 suites for $59.0 million

+ SmartCentres REIT is on the market to raise $200.0 million in equity




 SAVE THE DATE / upcoming events

+ Jan. 22 – 25; World Economic Forum, Annual Meeting, Davos-Kloseters, Switzerland; info/register

+ Jan. 24; Robbie Burns Dinner (British Canadian Bus. Assoc.), Calgary Petroleum Club; info/tickets

+ Jan. 25-26; Your Book is Your Business, Alastair Ross Technology Centre, U of C Research Park, Calgary; info/register

+ Jan. 27-29; ICSC Whistler Conference, Fairmont Chateau Whistler, Whistler, BC; info/register

+ Feb. 19-21; 31st International Pipeline Pigging & Integrity Management Conference, Houston; info/registration

+ Feb. 21; B’nai Brith Annual Fundraising Dinner, Calgary; info – tickets/call 403-255-6554

+ Feb 27-28; Well Site Facilities Canada Unconventional Shale Congress 2019, Calgary Marriott Downtown; info/register

+ Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration


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



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this site last updated May 6, 2025