FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

A recent conversation with Dean Kendall, Financial Organizer at Ideal Life Experience Ltd.

A recent conversation with Barry Heck, Pres. & CEO @ WINSPORT

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Beveridge to Regional Mgr., Canada @ Petroplan

+ Andrew Blanchard, Director @ Frontenac Mortgage Investment Corporation, resigned

+ Anthony Zaidi to Director @ Arrow Exploration Corp.

+ Art Peck, CEO @ Gap Inc., fired

+ Carrie Stokes to Property Administrator @ Enright Management Limited

+ Christina Arthur-Dick to Communications Planner, Parks @ City of Calgary

+ Claire Legault to JV Administrator @ NAL Resources

+ Corie Barry to CEO @ Best Buy

+ Danielle Marechal to Partner, Restructuring and Insolvency @ Cassels Brock & Blackwell LLP

+ Darryl Logan to Account Mgr. Construction Services @ Waste Management

+ Diane Brickner to Board Member @ ATB Financial

+ Fionna Chisholm to Team Lead, Operations Techs @ Velvet Energy Ltd.

+ George Cope, Pres. & CEO @ Bell Canada & BCE, retired

+ Gorde Breese to Pres. & CEO @ Katipult Technology Corp.

+ Gordon Ho to Associate, Office Lead, Calgary Bus. Dev. @ IBI Group

+ Jason DePue to US VP Sales @ Siyata Mobile Inc.

+ Jennifer Booth to Account Director @ Brookline Public Relations Inc.

+ Jim Gabel, CEO @ Roots Corporation, left the company abruptly

+ John Donahue to CEO @ Nike Inc.

+ John Fischer to Executive Advisor, Indigenization @ Mount Royal University

+ Jonathan Selenes to Partner @ Lawson Lundell LLP

+ Kathryn McLay to Pres. & CEO @ Sam’s Club

+ Kevin Plank, Founder & CEO @ Under Armour, stepped down

+ Landis Jackson to Program Chair, Business & Technology @ Bow Valley College

+ Larry Mathieson to CEO @ Kerby Centre

+ Mark Parker, CEO @ Nike Inc., stepped down

+ Mark Tritton to Pres. & CEO @ Bed Bath & Beyond

+ Meghan Roach to Interim CEO @ Roots Corporation

+ Mirko Bibic to Pres., CEO & Director @ Bell Canada and BCE

+ Nadine Hawkins to Account Mgr., Western Canada @ Berenson Hardware

+ Patrik Frist to Exec. Chairman & CEO @ Under Armour

+ Shailaz Dhalla to Partner @ Lawson Lundell LLP

+ Stephen Champion to Exec. VP, Real Estate Dev., Ontario & Western Canada @ MACH

+ Tim O’Day to Pres. & CEO @ Boyd Group Services Inc.

+ Ursula Holmsten to Pres. & EVP @ ATB Wealth

+ Victoria Moayedi to Director, Investor Relations @ Firm Capital Corporation

~

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




 MEMORIAM 

+ Jeremy Reitman, Chairman & CEO @ Reitmans (Canada) Limited; 74




 TECH Corner ...

+ California Consumer Privacy Act came into effect – governs how private information is gathered and handled




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Alexa help with benefits information – yes, really

+ benefits of a happy workforce




 SAVE THE DATE / upcoming events

+  Jan. 18; The Value Of Alberta/one day conference by Alberta Proud, Telus Convention Centre, info/tickets

+ Feb. 12; Canadian Association for the World Petroleum Council, Evening with Jeff Shellebarger, Calgary Hyatt Hotel; info/tickets

+ Feb. 24-28; 24th Annual International Pressure Equipment Integrity Association Conference & Exhibition, Banff Centre, Banff; info/registration

+ Mar. 13-14; Canada’s 8th National Fair Trade Conference, Hotel Arts, Calgary; info/registration

+ Apr. 1-3; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

+ Apr. 22; Earth Day (50th Anniversary), celebrated world wide; details




 SHAREHOLDER MEETINGS

+ Jan. 7; Starlight U.S. Multi-Family (No. 1) Value-Add Fund, Special Meeting of Unitholders, Toronto

+ Jan. 9; NAV Canada, Annual Meeting, Ottawa

+ Jan. 21; Alberta Real Estate Association, Annual General Meeting, Red Deer

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

~

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


 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Brookfield JV midstream acquisition | Coastal GasLink hiccup | crude prices spike | Nutrien buy in Brazil | Strategic in receivership + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




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NEWS SUMMARY 
 Dec. 31/19 ~ Jan. 7/20


+ Boyd Group Services Inc. converted Body Group Income Fund back to a corporate structure

+ BP agrees to sell its Andrew platform and related North Sea assets to Premier Oil for US$615.0 million 

+ Brookfield Infrastructure and partners - NorthRiver Midstream acquired Enbridge’s Canadian midstream business – 2nd half of transaction, 2nd half of $4.3 billion transaction

+ Coastal GasLink project hiccup; Wet’suwet’en First Nation evicted contractors for the site, alleging trespassing – notwithstanding B.C. Supreme Court injunction … tic toc

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude price spike due to mid-east tensions (U.S. & Iran) making traders nervous about continuity of supply

+ Energy East revisited??? …. Globe editorial suggests revival – tic toc

+ Nutrien Ltd. agreed to acquire Brazilian firm Agrosema Comercial Agricola Ltda; terms not disclosed

+ Occidental Petroleum Corp. announced it is selling a stake in Western Midstream Partners LP; will reduce its holdings to less than 50% in a move to raise cash/reduce debt

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 9 to 796 this week; Canada: down 14 to 85 this week; full breakdown

+ Strategic Group’s efforts to reorganize opposed by lenders/creditors; court-ordered receivership now underway; Alvarex & Marsal Canada are on the job as Receiver/Manager




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Boyuan Construction Group Inc. closed $341,000.0 equity financing by private placement

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

+ HEXO Corp. closed US$25.0 million equity financing

~

*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 + BUILDING INNOVATIONS  


+ ArchDaily’s Best Articles about Wood

+ 2020 Construction Forecast

+ home products can soon talk to each other




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Grouse Mountain Resort purchased by Northland Properties Corp. from CM (Canada) Asset Management Co. Ltd.; terms not disclosed




 INTERESTING TRENDS IN RETAIL 


+ Bed Bath & Beyond Inc., mired in a sales slump, sold off 2.1 million sq. ft. portfolio of stores, offices & distribution facilities in a US$250.0 million sale/leaseback transaction

+ Pier 1 Imports announced it will closed 450 of its 936 U.S. locations this year following six consecutive quarterly losses; no announcement on Canadian stores … tic toc

+ the battle for the Hudson’s Bay Company seems to have reached détente – the Catalyst Capital Group Inc. agreed to support the takeover bid by Rupert Acquisition LLC; $11.00/share seems to be the magic number ~ which leaves one to wonder if it was just green-mail all along??




 QUOTES 

+ Life is from the inside out. When you shift on the inside, life shifts on the outside. – Kamal Ravikant

+ Your goal in life is to find out the people who need you the most, to find out the business that needs you the most, to find the project and the art that needs you the most. There is something out there just for you. – Naval Ravikant




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 this week in REITS 


+ Firm Capital American Realty Partners Corp. completes its conversion to a REIT structure; now known as Firm Capital American Realty Partners Trust

+ Nexus REIT agreed to acquire a $17.4 million three-property (Regina & Saskatoon) industrial portfolio (231,700 sq. ft.) acquisition; consideration was 100% units in the REIT

+ Slate Office REIT agreed to sell 4211 Yonge Street in Toronto for $63.0 million




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this site last updated May 6, 2025