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FACILITYCalgary June28/22

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

+ Bernard Crotty to Pres. @ NorthWest Healthcare Properties REIT

+ Brian Kohlhammer, Sr. VP Finance & CFO @ Delphi Energy Corp, left the company

+ Curtis Hartzler to Pres. & CEO @ Forent Energy Ltd.

+ Don Verdonck to Chair @ St. Mary’s University

+ Dr. Matt Coffey to Pres. & CEO @ Oncolytics Biotech Inc.

+ Dr. Tom Feasby to Pres. & CEO @ Airdie & Area Health Benefits Co-Op

+ Galen Weston to Chairman & CEO @ Loblaw Companies Limited

+ George Morris, Sr. VP & COO @ Terrace Energy Corp., resigned

+ Georgine Ulmer to Vice-Chair @ St. Mary’s University

+ Hunter Harrison, Pres. & CEO @ Canadian Pacific Railway Limited, retiring

+ Jane Allen to Sr. VP Strategy and Innovation @ Hydro One Limited

+ John Behr to VP Geosciences @ Delphi Energy Corp.

+ John Leach to Director @ Tamarack Valley Energy Ltd.

+ Jon Grimwood to Pres. @ RMP Energy Inc.

+ Josh Young to Director @ RMP Energy Inc.

+ Keith Creel to Pres. & CEO @ Canadian Pacific Railway Limited

+ Laura Kilcrease to CEO @ Alberta Innovates Corporation

+ Luc Mongeau to Pres. @ Weston Foods

+ Markus Seywerd to Director @ Jericho Oil Corporation

+ Mathieu  Paré  to Director @ Canadian Beef Centre of Excellence

+ Paul Huizinga to Managing Dir. Consulting, Calgary @ Accenture

+ Peter Riggin to COO @ NorthWest Healthcare Properties REIT

+ Robyn Lore, Pres. & CEO @ Forent Energy Ltd., resigned

+ Ronald Hite to Director @ Blue Sky Energy Inc.

+ Sarah Davis to Pres. @ Loblaw Companies Limited

+ Scott Taylor to Sr. VP @ QuadReal Property Group

+ Shailen Chande to CFO @ NorthWest Healthcare Properties REIT

+ Subhi Alsayed to VP Sustainable Dev. @ Mattamy Homes Limited

+ Terry Klassen to Mgr. @ Matrix Landscape Architecture Ltd.


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ NetIn – an HR tool to rank candidates by their online presence

+ Virgin Pulse published its 2017 Industrial Survey Report – wellbeing, culture and employee engagement – critical HR priorities; click to access the ‘request survey’ form




 QUOTES

+ Being happy doesn’t mean everything is perfect, it means you’ve decided to look past the imperfections. – Gerard Way

+ We’re so busy watching out for what’s just ahead of us that we don’t take time to enjoy where we are. – Will Watterson




 KUDOS

+ Jim Gray and family – donated $60K to the Sheldon Chumir Centre for new dialysis chairs in memory of Jim’s late wife and fellow philanthropist Josie Gray




 SHAREHOLDER MEETINGS

+ 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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated Jan. 24, 2017




 TODAY'S HEADLINES


HEADLINES: AltaGas expansion | Baytex acquisition | DREAM office portfolio sale | KELT closes disposition | TransCanada gets $1.8 billion in approvals + John Forgeron 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 John Forgeron, Principal/Recruiter/Consultant at JRF and Associates

Last week's conversation with Michael Noble, Owner/Chef/Creator of NOtaBLE and The Nash restaurants

A recent conversation with Dan Wicklum CEO @ Canada's Oil Sands Innovation Alliance

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



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 sponsors of this week's issue:

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



CONTACT DAWSCO
 
COFFEE SERVICES



 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 ]



 OIL SANDS + HEAVY OIL NEWS

+ Baytex Energy Corp. closed its $65.0 million acquisition of Peace River area heavy oil assets




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NEWS SUMMARY 
 Jan. 17 ~ 24 


+ AltaGas Ltd. announced plans to build a natural gas and liquids facility for export on Ridley Island, BC; estimated capital cost of the terminal is $180.0 million

+ Bank of Canada maintained its overnight target rate of 0.5%

+ Baytex Energy Corp. closed its $65.0 million acquisition of Peace River area heavy oil assets

+ BIOX Corporation commissioned its 90 million gallon JV biodiesel facility in Houston

+ Cathedral Energy Services Ltd. closed the $17.2 million sale of its flowback and testing assets to Ideal Completions Group LLC

+ current energy prices – live link to current Bloomberg energy prices; crude prices waffling/wiggling as traders try to gauge Trump and OPEC turmoil factors … tic toc

+ Donald Trump sworn in as U.S. President – initial flurry of activity sends ‘we will re-negotiate NAFTA’, withdrawal from TPP  and ‘no comments yet’ on Keystone XL have unsettled the investment market …

+ DREAM Office REIT is reported to be negotiating an $800.0 million sale of its Alberta portfolio (45 office buildings) to Slate Asset Management … tic toc

+ InPlay Oil Corp. announced its 2017 CapEx Budget is $28.0 million

+ Kelt Exploration Ltd. closed its $100.0 disposition of Karr area assets

+ Noble Energy agreed to acquire Clayton Williams Energy for US$3.2 billion

+ Pengrowth Energy Corporation announced its Interim 2017 CapEx Budget is $125.0 million

+ The Conference Board of Canada published its Canadian Outlook/Winter 2017

+ TransCanada Corporation got FERC approval to construct Leach Xpress and Rayne Xpress Projects; $1.8 billion in all to service Marcellus and Utica markets

+ Trinidad Trilling Ltd. announced its 2017 CapEx Budget is $40.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algonquin Power Co. closed $300.0 million sr. unsecured debt financing

+ Automotive Properties REIT is on the market to raise $40.0 million in equity

+ Aveda Transportation and Energy Services Inc. is on the market to raise $10.0 million in equity

+ Brookfield Infrastructure Partners L.P. are on the market to raise $300.0 million in equity

+ Clarocity Corporation closed $1.0 million third tranche of an equity financing

+ Hyduke Energy Services Inc. is on the market to raise $10.0 million in equity by private placement

+ H&R REIT closed $150.0 million unsecured debt financing

+ H&R REIT are on the market to raise $200.0 million in unsecured debt financing

+ Kontrol Energy Corp. is on the market to raise $600,000.0 by private placement

+ Mattamy Homes Limited closed $100.0 million sr. unsecured debt financing

+ MEG Energy Corp. closed $517.8 million equity financing

+ Montana Exploration Corp. closed $1.496 million rights offering

+ NorthWest Healthcare Properties REIT is on the market to raise $75.0 million in equity

+ Pembina Pipeline Corporation closed $600.0 million in sr. unsecured debt financing

+ Posera Ltd. closed $2.3 million equity financing by private placement

+ ShaMaran Petroleum Corp. is on the market to raise $36.0 million in equity by private placement

+ Slate Retail REIT closed $74.8 million equity financing

+ Slate Retail REIT closed $5.0 million equity financing by private placement

+ Strad Energy Services Ltd. is on the market to raise $15.0 million in equity

+ Teekay LNG Partners L.P. closed US$35.0 million sr. unsecured debt financing

+ Trinidad Drilling Ltd. is on the market to raise $130.0 million in equity




 NEW TECH + TOOLS TO WATCH 

+ Echo or Alexa? … Amazon and Google are duking it out …

+ SAMSUMG fire-prone Galaxy Note 7 phone is in the news; they found the cause and apologized …




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Boralex Inc. closed its $232.4 million acquisition of 230MW Niagara region wind farm from Enercon Canada Inc.

+ Earth hit a temperature record for the 3rd year in a row in 2016, besting the previous record in 2015 which beat the previous record in 2014 – the graphs are amazing …




 this week in REITS 


+ American Hotel Income Properties REIT LP completed its US$124.0 million acquisition of three Embassy Suites by Hilton hotels (Columbus, Cleveland and Cincinnati); 782 guestrooms

+ Automotive Properties REIT is on the market to raise $40.0 million in equity

+ Bernard Crotty to Pres. @ NorthWest Healthcare Properties REIT

+ DREAM Office REIT is reported to be negotiating an $800.0 million sale of its Alberta portfolio (45 office buildings) to Slate Asset Management … tic toc

+ ELAD Canada Inc. acquired a significant holding in Agellan Commercial REIT; they now own or control 19.3%

+ H&R REIT closed $150.0 million unsecured debt financing

+ H&R REIT are on the market to raise $200.0 million in unsecured debt financing

+ H&R REIT closed a 50% interest in two shopping centres (Chicoutimi, QB and Kingston, ON) for $211.6 million

+ Killam Apartment REIT closed $26.2 million in acquisitions (153 units in London, ON, 66 units in Calgary; Spruce Grove Lane)

+ Milestone Apartments REIT agreed to be acquired by Starwood Capital Group for US$2.85 billion (works out to US$120,000.0/door)

+ NorthWest Healthcare Properties REIT is on the market to raise $75.0 million in equity

+ Peter Riggin to COO @ NorthWest Healthcare Properties REIT

+ Shailen Chande to CFO @ NorthWest Healthcare Properties REIT

+ Slate Retail REIT closed $74.8 million equity financing

+ Slate Retail REIT closed $5.0 million equity financing by private placement

+ Slate Retail REIT agreed to acquired 11 Galleria (grocery-anchored center) in Greenville, NC for US$13.65 million




 INFRASTRUCTURE / P3  


+ Government of Canada’s ‘Canada 150’ grants shed some cash on Calgary - $2.73 million for community infrastructure projects in Calgary

+ Infrastructure Ontario issued an RFP from pre-qualified teams to design, build and finance the Cooksville GO Station Project




INTERESTING REAL ESTATE NEWS, other places


+ ABB announced a $90.0 million investment in its new headquarters, research and development facility in Montreal

+ Holloway Lodging Corp. sold its Holiday Inn property in Oakville, ON for $19.4 million

+ Rockwood Capital LLC acquired the Watergate office building in Washington, DC; terms not disclosed




 CONSTRUCTION NEWS + INNOVATION 


+ NOTE VAULT launched upgrades of its products

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