FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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

+ Austin Fraser, Pres. @ Canadian Equipment Rentals Corp., resigned

+ Gino Romagnoli to CEO @ Lanesborough REIT

+ James Gallagher to General Counsel @ Manulife Financial Corporation

+ Lucie Guillemette to Chief Commercial Officer @ Air Canada

+ Peter Davis to Director, Government Relations @ H&R Block Canada Inc.

+ Ravi Saligram to Acting Pres. U.S. & Latin America @ Ritchie Bros. Auctioneers

+ Skip Kerr, former COO @ Canadian Equipment Rentals Corp., died

+ Terry Dolan, Pres. U.S. & Latin America @ Ritchie Bros. Auctioneers, left the company


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




BOARDROOM changes, purges, appointments etc.

+ Daniel Gillett to Director @ CGX Energy Inc.

+ Dylan Sidoo to Director @ East West Petroleum Corp.

+ Erik Lyngberg to Director @ CGX Energy Inc.

+ Gordon Trafton to Director @ Canadian Pacific Railway Limited

+ James Smith to Director @ Wavefront Technology Solutions Inc.

+ Jonathan Oestreich to Director @ WesternZagros Resources Ltd.

+ Ken Kroner to Director @ AIMCo

+ Michael Galego, Director @ CGX Energy Inc., resigned

+ Phyllis Clark to Director @ AIMCo

+ Ronald Pantin, Director @ CGX Energy Inc., resigned

+ Serafino Iacona, Director @ CGX Energy Inc., resigned


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




 QUOTES

+ You’re never too old to set another goal or dream a new dream. – C.S. Lewis

+ Read books because not everything they say on the Internet is true. – Jarvis Stark




 KUDOS 

+ to three Calgarians named to the Order of Canada; Chen Fong, Ruth Collins-Nakai and Jacqueline Guest




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ 11 HR Trends for 2016 from the HR Trend Institute



 NEW TECH + TOOLS TO WATCH 

+ Five Resolutions to simplify your tech life …




 SHAREHOLDER MEETINGS

+ Jan. 11; Nav Canada; Annual Meeting, Ottawa

+ Jan. 19; BOMA Calgary, Annual General Meeting, Calgary

+ Jan. 23; Changfeng Energy Inc., Special Meeting of Shareholders, Toronto

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Jan. 3, 2017




 TODAY'S HEADLINES


HEADLINES: AIMCo ups stake in Howard | Cervus closes sale/leaseback | Maxim Power sells U.S. unit | Pure Technologies buys E-MAC | TransGlobe buys $80 million in assets from Bellatrix + Ryan McMillan 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 Ryan McMillan, Pres. @ McCrum's Office Furnishings

Our last issue's conversation with Kent Brown, Founder and Director @ BluEarth Renewables

A recent conversation with Jochen Fahr, Pres./Founder of Brauerei Fahr 

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



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



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COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 CONSTRUCTION NEWS + INNOVATION 


+ Bird Construction Inc. named ‘preferred proponent’ on Royal Columbian Hospital ‘new mental health facility and energy centre’, New Westminster, BC




 SAVE THE DATE / upcoming events

+ Jan. 27=29; IGNITE Design Competition; CSC sponsored student competition; SAIT & MRU; tickets/info

+ 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

+ 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 
 Dec. 20 ~ Jan. 3 


+ AIMCo acquired to acquire 28% stake in Howard Energy Partners

+ Bonterra Energy Corp. announced its 2017 CapEx Budget is $70.0 million

+ Cervus Equipment Corporation closed its $55.7 million sale/leaseback of its real estate associated with 11 dealerships

+ current energy prices – live link to current Bloomberg energy prices; crude zigging/zagging in a narrow band – WTI steady about US$54/bbl,, Brent steady above US$57/bbl.

+ Ensign Energy Services Inc. announced its 2017 CapEx Budget is $61.0 million

+ ePlay Digital Inc. closed its acquisition of Mobovivo Inc.

+ Lightstream Resources Ltd. closed sale of all assets and business to Ridgeback Resources Inc. as part of a CCAA restructuring

+ Maxim Power Corp. agreed to sell Maxim Power (USA) Inc. [5 natural gas facilities; 446MW] to Hull Street Energy for US$106.0 million

+ Petronas is reported considering an alternate location for its Pacific NorthWest LNG project to reduce capital costs & reduce environmental impact

+ Pure Technologies Ltd. closed its $4.6 million acquisition of E-MAC Corrosion Inc.

+ TFI International Inc. closed its acquisition of National Fast Freight

+ TransForce Inc. changed its name to TFI International Inc.

+ Trident Exploration Corp. closed $22.5 million acquisition of its Horseshoe Canyon partner’s interest

+ TransGlobe Energy Corporation closed its $80.0 million acquisition of Harmattan area assets from Bellatrix Exploration Ltd.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acceleware Ltd. closed $500,000.0 equity financing

+ Acceleware Ltd. closed $675,000.0 convertible debt financing

+ American Hotel Income Properties REIT LP closed $115.1 million equity financing

+ Bengal Energy Ltd. closed $4,090,667.76 rights offering

+ Boralex Inc. closed $172.5 million equity financing

+ Canadian Spirit Resources Inc. closed $500,000.0 equity financing by private placement

+ Cervus Equipment Corporation sold its interest in Maple Farms Partnership for $9.1 million

+ Crown Capital Partners Inc. secured $35.0 million credit facility

+ Delphi Energy Corp. secured $80.0 million secured revolving credit facility

+ Equitable Group Inc. closed $50.0 million equity financing by private placement

+ Firm Capital Mortgage Investment Corporation closed $22.5 million convertible unsecured sub. debt

+ Freshii Inc. is on the market to raise $100.0 million by an IPO

+ Granite REIT sub. Granite REIT Holdings Limited Partnerships closed $400.0 million sr. debt financing

+ Jerricho Oil Corporation closed $1.46 million common share & warrants financing by private placement

+ Lonestar West Inc. closed $800,000.0 debt financing

+ Marksmen Energy Inc. is on the market to raise $1.25 million by a common share & warrants issue

+ Marquee Energy Ltd. closed $2.8 million flow-through shares issue by private placement

+ Morguard REIT closed $175.0 million convertible debt financing

+ Mosaic Capital Corporation is on the market to raise $150.0 million in equity by private placement

+ NorthWest Healthcare Properties REIT closed $10.5 million overallotment of its recent equity financing

+ Relentless Resources Ltd. is on the market to raise $500,000.0 in equity by private placement

+ Spriza Media Inc. is on the market to raise $750,000.0 by private placement

+ Strategic Oil & Gas Ltd. closed $40.0 million equity financing by private placement

+ Trident Exploration Corp. closed $22.5 million equity financing




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+  Alberta’s Carbon Tax program went into effect Jan. 1/17; levy and rebate program

+ GOA reached final agreement to cancel PPA’s for coal-fired plants with AltaGas Ltd. and TransCanada Energy Ltd.

+ micro-generation got a boost; GOA increased the eligible size to 5MW from 1MW – there are 1,700 micro-generations sites in Alberta producing 16MW; with the new size criteria, this could rise significantly – and some funding is available




 INFRASTRUCTURE / P3  


+ Algonquin Power & Utilities Corp. closed its $3.2 billion acquisition of The Empire District Electric Company (2,500 MW)

+ American Hotel Income Properties REIT LP closed $115.1 million equity financing

+ CalgaryNEXT arena and fieldhouse Plan A in the West Village is on hold; City and Calgary Flames officials studying Plan B, a Stampede Park solution … tic toc

+ Maxim Power Corp. agreed to sell Maxim Power (USA) Inc. [5 natural gas facilities; 446MW] to Hull Street Energy for US$106.0 million

+ SNC-Lavalin exited the airport operations business in France; Ciclad and Impact Holdings are taking over – terms not disclosed




 this week in REITS 


+ Automotive Properties REIT closed its $20.3 million acquisition of a Montreal Mercedes dealership

+ CAP REIT agreed to acquired 568 units/four properties in The Netherlands for €40.7 million

+ Gino Romagnoli to CEO @ Lanesborough REIT

+ Granite REIT sub. Granite REIT Holdings Limited Partnerships closed $400.0 million sr. debt financing

+ Morguard REIT closed $175.0 million convertible debt financing

+ NorthWest Healthcare Properties REIT closed $10.5 million overallotment of its recent equity financing

+ Pure Multi-Family REIT LP agreed to acquire 288 unit project in Allen, Texas for US$40.0 million




INTERESTING REAL ESTATE NEWS, other places


+ CPPIB sold its 45% interest in 1221 Avenue of the Americas in New York for US$1.0 billion

+ Mainstreet Health Investments Inc. closed its US$44.3 million acquisition of memory-care facilities in Arkansas and Texas (171 units)

+ Mount Royal Hotel in Banff suffered substantial fire damage to roof and 135 rooms at the 108 yr. old hotel; owner Brewster Travel plan to restore/rebuild

+ 45 companies managed by New Summit Partners Corp. are in creditor protection; apartments in Saskatoon (1,000 units) and Regina (300) units amid default on $104.0 million in loans, $4.5 million in builders’ liens and $12.7 million in unsecured creditors …


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this site last updated May 6, 2025