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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amelita Gardner to Dir. Bus. Dev. @ Lemay + Toker Architecture & Planning

+ Brent Allison to CEO @ Long View Systems

+ Brian Johnston to Director @ Mortgage Company of Canada Inc.

+ Carl Farrell to Pres. @ Altus Group Limited

+ Constantine Pefanis to CFO @ Leon’s Furniture Limited

+ Dave Mowat, Pres. & CEO @ ATB Financial, stepping down/retiring

+ Elizabeth Cannon, Pres. & Vice-Chancellor @ University of Calgary, stepping down

+ Jean Teasdale to COO @ RFA Capital Partners

+ Jose Ribau to Exec. VP Digital & Innovation @ The Cadillac Fairview Corporation

+ Karim Teja to CFO @ Katipult Technology Corp.

+ Kelly Hanczyk to CEO @ Nexus REIT

+ Kelly Trotter to Dir. Bus. Dev. @ Executrade Consultants Limited

+ Kent Hehr, MP for Calgary Centre, Minister of Sport and Persons with Disabilities in the Trudeau government, resigned pending investigation of sexual harassment

+ Lucas Beck to Sr. Manager, Leasing @ GWL Realty Advisors

+ Malcolm Knox to CEO @ Alberta Motor Vehicle Industry Council (AMVIC)

+ Mary-Jo Case to Director @ TORC Oil & Gas Ltd.

+ Michael Bourque to CEO @ The Canadian Real Estate Association (CREA)

+ Paul Boskovich to Pres. @ Genstar Development Co.

+ Paul Dobson to CFO @ Hydro One Limited

+ Randy Steele to COO @ Pengrowth Energy Corporation

+ Ryan Rutherford to Director of Leasing @ Royop Development Corp.

+ Scot Caithness to Chair, Municipal Planning Commission @ City of Chestermere

+ Scott Moe to Leader of the Saskatchewan Party & Premier @ Government of Saskatchewan

+ Steve De Maio, Sr. VP Thermal Operations @ Pengrowth Energy Corporation, leaving the company

+ Susan Green to Director @ Imperial Equities Inc.

+ Tariq Chaudhary to CFO @ Petrolia Energy Corporation

+ Trevor Pritchard to Sr. VP Atlantic Region @ Husky Energy Inc.


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




 MEMORIAM

+ Jerry Keeling, former quarterback and coach of Calgary Stampeders, 78

+ Tommy Banks, Edmonton music legend and former Senator, 81




 QUOTES 

+ Davos is where billionaires tell millionaires how the middle-class feels. – Jamie Dimon

+ Make your vision so clear that your fears become irrelevant. - unknown




  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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated January 30, 2018




 TODAY'S HEADLINES


HEADLINES: Blackstone acquired Nuovo | crude holding good numbers | Husky restarts SeaRose | Suncor’s Fort Hills project operating + Joanne Young interview  + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Joanne Young, Founder/CEO/Pres. @ Greenery Office Interiors Inc. 

Last week's conversation with Nic Blanchet, Executive Director @ Friends of Fish Creek Provincial Park Society

A recent conversation with Marjorie Zingle, CEO @ DATAHIVE

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



 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

+ Jan. 28-30; Whistler ICSC Conference, Fairmont Chateau Whistler, Whistler, BC; info/register

+ Feb. 5-6; 3rd Annual Alberta & Saskatchewan Renewable Energy Finance Summit, Westin Hotel, Calgary; info/register

+ Feb. 7; Monetizing Gas in Western Canada, Calgary Petroleum Club; info/register

+ Mar. 1-4; 2018 Calgary Home + Garden Show, BMO Centre, Stampede Park; info/tickets

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

+ Mar. 21; EPAC Awards Luncheon, Calgary Petroleum Club, info/tickets

+ April 11; Calgary Chamber of Voluntary Organizations, Connections Conference 2018; Ross Glen Hall, Mount Royal University, Calgary; info/register

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register

+ 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. 30; Metro Inc., Annual Shareholders Meeting, Montreal

+ Feb. 19; Imvescor Restaurant Group Inc., Special Meeting of Shareholders, Montreal

+ Feb. 26; Soleil Capital Corp., Special Meeting of Shareholders, Calgary


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada ranks 2nd worldwide for certified LEED projects




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NEWS SUMMARY 
 January 23 ~ 30 


+ Blackstone Industrial Services closed its acquisition of Nuovo Parts Inc.

+ Catapult Environmental Inc. opened its Fox Creek Water Management Facility Expansion

+ CN announced its 2018 CapExBudget is $3.2 billion

+ current energy prices – live link to current Bloomberg energy prices; crude price spikes softened, but still very strong compared to recent months … tic toc

+ Enbridge Pipelines got NEB approval for its $53.0 million Line 21 Replacement Program

+ Husky Energy is restarting its SeaRose offshore platform operation following suspension over safety issues

+ JLL acquired the Valuation and Advisory div. of Raymond Chabot Grant Thornton

+ Prairie Provident Resources Inc. announced its 2018CapExBudget is $26.0 million

+ rig count: up 13 on the week to 338; full breakdown

+ Suncor Energy’s Fort Hills oil sands project is now in ‘continuous operations’; after start-up phase production is expected to be 194,000 bpd

+ TerraVest Capital Inc. acquired MaXfield Group Inc. for $21.0 million



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Atlantic Power Corporation closed $100.0 million convertible unsecured sub. debt financing

+ CT REIT is on the market to raise $200.0 million in sr. unsecured debt

+ Dollarama Inc. is on the market to raise $300.0 million in sr. unsecured debt

+ H&R REIT closed $250.0 million sr. unsecured debt financing

+ Kinder Morgan Canada Limited closed its $5.5 billion credit facilities

+ Middlefield Group/MFR 2018 Resource Limited Partnership is on the market to raise $50.0 million in equity

+ Morguard North American Residential REIT is on the market to raise $75.0 million in convertible unsecured sub. debt

+ National Bank of Canada is on the market to raise $750.0 million in sub. debt




 KUDOS 

+ to PSAC – its 24th annual STARS & SPURS gala raised $1.15 million for the Shock Trauma Air Rescue Society (STARS) – congrats to Mark Salkeld and all his helpers!




 CORPORATE RESPONSIBILITY REPORTS 


+ CIBC named one of the world’s top 100 sustainable companies (only 4 are Canadian); CIBC’s Corporate Responsibility Report




 this week in REITS 


+ BTB REIT sold a property in Dorval for $5.65 million

+ CT REIT is on the market to raise $200.0 million in sr. unsecured debt

+ H&R REIT closed $250.0 million sr. unsecured debt financing

+ Kelly Hanczyk to CEO @ Nexus REIT

+ Morguard North American Residential REIT is on the market to raise $75.0 million in convertible unsecured sub. debt




 INFRASTRUCTURE / P3  


+ Calgary Parking Authority and Platform – an $80.0 million development planned for the East Village, innovation/incubator space and parking facilities to serve the new Central Library and the neighbourhood

+ Carillion Canada (covers all Carillion entities operating in Canada) sought and secured CCAA protection




 CALGARY OLYMPICS 2026 BID WATCH 


+ Calgary’s bid could include using Lake Louise as an alpine events venue; unprecedented use of National Park facilities has environmentalists warning of extreme and undue pressure on environment and wildlife from such an event …




 CONSTRUCTION NEWS + INNOVATION 

+ Ingvar Kamprad, founder of IKEA passed away; five key furniture designs …




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ National Bank of Canada bought an 85,000 sq. ft. downtown Montreal site; will spend $500.0 million to build a 36-storey tower; site is part of a 135,000 sq. ft. parcel acquired recently by Broccolini; the bank will sell its current headquarters with proceeds going toward construction costs of the new facility …




 INTERESTING  TRENDS IN RETAIL REAL ESTATE 


+ Cadillac Fairview/Ivanhoé Cambridge announced they are partnering with Calgary-based Landmark Cinemas to open a premium movie theatre at CF Market Mall; opening spring 2019

+ Calgary Co-op will invest $300.0 million to re-develop their Dalhousie property (City Council approved the pan); similar proposal to redevelop its Oakridge facility is in the planning process with the City of Calgary

+ Ivanhoé Cambridge announced it will invest $200.0 million to redevelop Montreal Eaton Centre and merger it with neighbouring properties, the final stage of it’s commitment to invest $1.0 billion in downtown Montreal …

+ Toys “R” US will close 180 stores in the U.S.; all 83 stores in Canada will continue operating




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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