FACILITYCalgary

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

FACILITYCalgary May 6/25

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

+ Alison Simpson to Sr. VP Marketing and Branding @ TMX Group Limited

+ Andrew Sharman to VP Facilities and Operations @ University of Alberta

+ Barry Larson to CEO @ Pacific Exploration and Production Corporation

+ Bill Richards to VP Leasing, Calgary @ Quadreal Property Group

+ Brendan Bell, CEO @ Dominion Diamond Corp., stepping down

+ Chris Montes to Partner @ @ Felesky Flynn LLP

+ Claude Garcia to Director @ Jarislowsky, Fraser Limited

+ Dan Poirier to CEO @ Posera Ltd.

+ Dr. Dennis Pieters, Director @ CGX Energy Inc., resigned

+ Gitta Kulczycki to VP Finance and Admin. @ University of Alberta

+ Gord Reynolds to COO @ Spark Power Corp.

+ Harry Campbell to Chair Emeritus @ Burnet, Duckworth & Palmer LLP

+ Hyman (Hy) Belzberg, retired furniture merchant (Christy’s Arcade), investor and philanthropist, died

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

+ Jannelle Eddington to Leasing Assistant @ Quadreal Property Group

+ Jennifer Bakken to Sr. VP Finance and Acting CFO @ Intermap Technologies Corporation

+ Jim Wood to Chief Sales and Operating Officer @ Rocky Mountain Dealerships Inc.

+ John Brussa to Chair @ Burnet, Duckworth & Palmer LLP

+ John Cuthbertson to Vice-Chair @ Burnet, Duckworth & Palmer LLP

+ John Ferguson to Chairman @ Jarislowsky, Fraser Limited

+ Keith Carpenter to Agriculture Equity Analyst @ AltaCorp. Capital Inc.

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

+ Kyle Decaire to Leasing Manager @ Quadreal Property Group

+ Matt Kraemer to Partner @ Felesky Flynn LLP

+ Michael Wirth to Vice-Chairman @ Chevron Corporation

+ Myrna Dube, Executive Director @ Parks Foundation Calgary, retired

+ Philippe Frappier to Director @ Intermap Technologies Corporation

+ Pierre Pettigrew to Director @ Blue Sky Energy Inc.

+ Rob Sutherland to VP Sales @ Introuch Insight Ltd.

+ Robert Herdman to Director @ Rocky Mountain Dealerships Inc.

+ Sarah Chiu to Partner @ Felesky Flynn LLP

+ Sheila Taylor to Executive Director @ Parks Foundation Calgary

+ Tom Woods to Director @ Jarislowsky, Fraser Limited


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Accenture published its Technology Vision 2017 report; forecast the future of technology for people

+ 30% of people would accept lower pay IF the job meant travelling more for work




 SHAREHOLDER MEETINGS

+ Feb. 1; CGI Group Inc., Annual General Meeting of Shareholders, Montreal

+ Feb. 7; Columbia Pipeline Partners LP, Special Meeting of Unitholders, Houston

+ Feb. 28; Bayshore Petroleum Corp., Annual General Meeting, Calgary

+ Mar. 8; Blackbird Energy Inc., Annual and Special Meeting of Shareholders, Calgary


[please 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. 31, 2017




 TODAY'S HEADLINES


HEADLINES: AltaGas $8.4 billion buy | Craft asset buy | Energy East hearings | Rig Counts/Drilling estimates | TransCanada KeystoneXL application + Brad Krizan 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 Brad Krizan, Western Regional Pres. at Premiere Suites - Western Ltd.

This week's conversation with John Forgeron, Principal/Recruiter/Consultant at JRF and Associates

A recent conversation with Michael Noble, Owner/Chef/Creator of NOtaBLE and The Nash restaurants

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



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 sponsors of this week's issue:

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



e-mail to Sharon Martens
 
INTERIOR DESIGN



 SAVE THE DATE / upcoming events

+ 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

+ Mar. 23; EPAC Awards, Calgary Petroleum Club, Calgary; info/tickets

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ Apr. 20; Saskatchewan Real Estate Forum, Queensbury Convention Centre, Regina; info/register

+ 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. 24 ~ 31 


+ AltaGas Ltd. agreed to acquired WGL Holdings Ltd. for $8.4 billion

+ Cardinal Energy Ltd. announced its 2017 CapEx Budget is $100.0 million

+ Craft Oil Ltd. agreed of sell a portfolio of assets to Cardinal Energy Ltd. for $41.0 million

+ current energy prices – live link to current Bloomberg energy prices; crude trending flat/downward

+ Enbridge Inc. is taking its subsidiary Midcoast Energy Partners LP at an estimated cost of US$170.0 million

+ GOA – land sale Jan. 25th netted $5.2 million

+ Granite Oil Corp. announced its 2017 CapEx Budget is $16.5 million

+ HMV Canada is closing 102 stores across Canada in coming months

+ National Energy Board is re-starting Energy East pipeline project hearings with newly seated panel members; process will begin again, from the beginning with all previously filed evidence set aside, earlier decisions voided

+ ONE Properties (formerly WAM Developments) launched marketing for VERSUS, their new two-tower project in the Beltline (17 and 34 floors/444 residential units)

+ Point Loma Resources Ltd. agreed to acquire a $1.6 million portfolio of oil & gas assets

+ PSCA forecasts 5,200 wells to be drilled in Canada this year, up 975 over last year

+ rig counts: 345 rigs at work in western Canada/249 in Alberta, up from 152 in same period last year

+ TFI International Inc. acquired Cavalier Transportation Services Inc.; terms not disclosed

+ TransCanada Corporation submitted a Presidential Permit application to the U.S. State Department for the KeystoneXL Pipeline project 




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. Is on the market to raise $2.1 billion in equity

+ AltaGas Ltd. is on the market to raise $400.0 million in equity by private placement

+ Brompton Oil Split Corp. closed $11.0 million preferred share financing

+ Brookfield Infrastructure Partners L.P. closed $300.0 million preferred equity financing

+ Cathedral Energy Services Ltd. raised $11.2 million in equity

+ Chemtrade Logistics Income Fund closed $400.0 million equity financing

+ H&R REIT closed $200.0 million sr. unsecured debt financing

+ Inovalis REIT closed $30.7 million debt financing

+ MEG Energy Corp. closed $518.0 million equity raise

+ Mosaic Capital Corporation closed $150.0 million equity financing

+ Mosaic Capital Corporation secured $35.0 million credit facility

+ NorthWest Healthcare Properties REIT closed $86.3 million equity financing

+ Power Corporation closed $250.0 million debt financing

+ Raise Production Inc. is on the market to raise $3.0 million in equity by private placement

+ SDX Energy Inc. closed US$40.0 million equity financing

+ ShaMaran Petroleum Corp. closed $36.0 million equity financing by private placement

+ Summit Industrial Income REIT closed $46.0 million equity financing

+ Trinidad Drilling Ltd. is on the market to raise US$350.0 million in sr. unsecured debt

+ Woodfine Professional Centres L.P. is on the market to raise $250.0 million in equity




 QUOTES

+ If a man is to shed the light of the sun upon other men, he must first of all have it within himself. – Romain Rolland

+ I bring you the gift of these four words: I believe in you. – Blaine Pascal




 KUDOS

+ to Mike Duff and the crew at Design Group Staffing Inc. – celebrating their 40th Anniversary




 CORPORATE RESPONSIBILITY REPORTS

+ Air Canada was given an award: 2017 Award for Best Corporate Sustainability Report – Transportation in Canada based on its 2015 Report




 NEW TECH + TOOLS TO WATCH 

+ get calm when you’re not; breathe like a Navy SEAL/box breathing

+ box.com offers Box Notes, a note-taking tool for teams

+ check out Unitive.works – a ‘conducting interviews’ tool worth checking out




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ are you confused about carbon pricing and old-agreements vis-à-vis new ones? Me too … so you might find this article by the folks at Dentons helpful … I did

+ Fiera Infrastructure Inc. acquired Suncor Energy’s 50% interest in Cedar Point II Limited Partnership

+ TransAlta Corporation agreed to sell 51% of its Wintering Hells merchant wind farm to IKEA Canada for $61.0 million




 this week in REITS 


+ Dream Office REIT agreed to sell eight office properties (1.0 million sq. ft. GLA) in Kitchener-Waterloo for $140.0 million; seven have recently closed, one to go

+ Dream Office REIT agreed to sell 12 properties in Alberta (1.5 million sq. ft. GLA) for $200.0 million

+ H&R REIT closed $200.0 million sr. unsecured debt financing

+ Inovalis REIT closed a sale; 12% interest in a Paris property for $31.2 million

+ Inovalis REIT closed $30.7 million debt financing

+ NorthWest Healthcare Properties REIT closed $86.3 million equity financing

+ Pure Industrial Real Estate Trust acquisitions: $52.5 million in Atlanta, $3.7 million in San Antonio -  dispositions: $56.7 million in Alberta and Ontario, $5.2 million in Alberta and $17.3 million in Ontario

+ Pure Multi-Family REIT LP closed US$40.0 million acquisition in Dallas, TX (288 units)

+ Pure Multi-Family REIT LP closed US$40.0 million acquisition in Austin, TX (276 units)

+ Summit Industrial Income REIT closed $46.0 million equity financing




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario selected LINK 427 consortium to design, build, finance and maintain the Highway 427 Expansion project

+ Infrastructure Ontario issued an RFQ for nine new Ontario Provincial Police detachments (Phase Two of a modernization program)




INTERESTING REAL ESTATE NEWS, other places


+ QuadReal Property Group agreed to acquire Oakridge Centre in Vancouver from Ivanhoé Cambridge; terms not disclosed – and Westbank will partner with QuadReal in a redevelopment program

+ StorageMart acquired another self-storage facility in Lethbridge, AB; 200 units, terms not disclosed

+ Strathallen Capital Corp. acquired Market Mall in Saskatoon, SK; terms not disclosed


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025