FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Brian Schmitt to Acting CFO @ Enercare Inc.

+ Caillan Charpentier to VP Operations @ NCS Fluid Handling Systems

+ Damian Gasparetto to Gen. Mgr., Commercial Property Mgmt. @ Bentall Kennedy

+ Daryl Gregoire to BIM Mgr. @ Sacre-Davey Engineering

+ Dennis Houston to Director @ Suncor Energy Inc.

+ Edward Kernaghan to Director @ Obsidian Energy Ltd.

+ Evelyn Sutherland, CFO @ Enercare Inc., resigned

+ Greg Hughes to CEO @ Veritas Technologies

+ Jacques Lefebvre to CEO @ Dairy Farmers of Canada

+ Jaret Sprott to Sr. VP & COO, Facilities @ Pembina Pipeline Corporation

+ Jason Wium to Sr. VP & COO, Pipelines @ Pembina Pipeline Corporation

+ Karmal Singh to VP Engineering @ NCS Fluid Handling Systems

+ Kevin Barr to Partner, Calgary @ Borden Ladner Gervais LLP

+ Maurice Kagan to Director @ Pure Multi-Family REIT LP

+ Michael Goldstein to Interim Pres. & CEO @ DIRTT Environmental Solutions Ltd.

+ Mogens Smed to Executive Chaimran @ DIRTT Environmental Solutions Ltd.

+ Paul Murphy to Sr. VP & Corporate Services Officer @ Pembina Pipeline Corporation

+ Peter Henry to Interim CFO @ DIRTT Environmental Solutions Ltd.

+ Ray Robinson to Board Chair @ Canadian Electricity Association

+ Rob Stevenson to Bus. Dev. Mgr. @ HBI Heritage Business Interiors

+ Russell Bruemmer, Director @ Clarocity Corporation, resigned

+ Scott Jenkins, Pres. & Interim CFO @ DIRTT Environmental Solutions Ltd., left the company

+ Stu Taylor to Sr. VP Marketing and New Ventures & Corporate Development Officer @ Pembina Pipeline Corporation


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




 MEMORIAM

+ Jim Shaw, former CEO @ Shaw Communications, died

+ Rick Blaskin, founder of Blaskin & Lane, died




  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 9, 2018




 TODAY'S HEADLINES


HEADLINES: CRUDE PRICES UP⬆ | Horizon buys lodge | Osum expanding production | Suncor/Teck/Total make piece on Fort Hills | U.S. offshore rule changes + Marjorie Zingle interview  + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Marjorie Zingle, CEO @ DATAHIVE

Last week's conversation with Jenn Lofgren, Founder/CEO @ INCITO

A recent conversation with Craig Tervit, Wills & Estates lawyer @ The Last Word

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



 sponsors of this week's issue:

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



e-mail Norm Landry
 
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



 SAVE THE DATE / upcoming events

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

+ 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. 24; Pure Technologies Ltd., Special Meeting/Approve Merger, Calgary

+ Jan. 26, Alberta Real Estate Association, Annual General Meeting, Grande Prairie


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s US$20 billion Hudson Yards mixed-use development - first commercial office building in New York to achieve LEED Platinum status

+ Rogers Place in Edmonton achieved LEED Silver certification – first NHL facility in Canada achieve LEED certification




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2018 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



NEWS SUMMARY 
 January 2 ~ 9 


+ AltaCorp Capital and ATB Financial ‘deepening strategic relationship’; ATB is AltaCorp’s largest shareholder

+ Calgary Flames partnering with Uber as exclusive ride-sharing provider for the Saddledome

+ CIBC – launching a new business line ‘CIBC Innovation Banking’ and acquisition of Wellington Financial ($300.0 million book)

+ current energy prices – live link to current Bloomberg energy prices; WTI & Brent crude near 3-yr. highs as Iran unrest roils markets, OPEC sustains cuts …

+ Horizon North Logistics Inc. closed its $14.0 million acquisition of Moose Haven Lodge (288-beds) @ Janvier in a cash and shares transaction

+ Mainstreet Health Investments Inc. completed its name change to: Invesque Inc.

+ Millar Western Forest Products Ltd. acquired Spruceland Millworks Inc.

+ OPEC production up slightly (50,000 bpd from Nov.) in December; 32.4 million bpd

+ Osum Oil Sands Corp. announced it will proceed with Phase 2C of its Orion Thermal Project near Cold Lake; will double production to 18,000+/bpd

+ Painted Pony Energy Ltd. completed its amalgamation with UGR Blair Creek Ltd. and Painted Rock Resources Ltd.

+ rig counts western Canada : down 74 to 136 over the last week – full breakdown

+ rig counts global: December counts

+ Suncor Energy and Teck Resources Ltd. resolved funding dispute with Total SA for the $17.0 billion Fort Hills oilsands mine; Suncor will pay 53.06%, Teck 20.89%, Total SA 26.05%

+ The Canada Life Group (U.K.) Limited ( a GWL sub.) acquired Retirement Advantage

+ U.S. government announced it will amend environmental policies to allow offshore drilling in the Arctic, eastern seaboard and California; regulatory changes are expected to take 18 months … tic toc

+ U.S. rig counts: down 5 to 742

+ Vertex Resource Group Ltd. acquired Sonic Oilfield Services Ltd. for $4.5 million



 HUMAN RESOURCE + WORKPLACE TRENDS 

+ moods/time of year/wintry blues influence worker happiness; see the Robert Half report/graph




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Asset Management Inc. raised US$885.0 million for its infrastructure debt fund




 QUOTES 

+ Life can only be understood backwards; but it must be lived forwards. – Søren Kierkegard

+ Kindness is more than deeds. It’s an attitude, an expression, a look, a touch. It is anything that lifts another person. - Plato




 this week in REITS 


+ Automotive Properties REIT agreed to acquire a luxury dealership property in Kitchener-Waterloo, ON for $7.5 million

+ Maurice Kagan to Director @ Pure Multi-Family REIT LP

+ Slate Office REIT agreed to acquire 31-storey downtown Chicago office complex for US$85.6 million




 INFRASTRUCTURE / P3  


+ Brookfield Asset Management Inc. and partners agreed to acquire Westinghouse Electric Co. (including its nuclear power assets) for US$5.4 billion

+ Canada – U.S. high speed rail project under discussion again; Canada Infrastructure Bank is being discussed as ‘the way to get it done’ …tic toc

+ Infrastructure Ontario and Michael Garron Hospital announced EllisDon Infrastructure Healthcare is the ‘lead proponent’ to design, build and finance redevelopment and a new patient care tower at Michael Garron Hospital

+ SNC-Lavalin led consortium reached an out of court settlement with McGill University Health Centre over their dispute surrounding irregularities on the Glen site hospital; SNC-Lavalin to pay $108.0 million




 CONSTRUCTION NEWS + INNOVATION 

+ B.C. Hydro named its preferred contractor for the generating station and spillways – expected to be $1.0 billion, for the Site C dam

+ 50 best architectural photos of 2017

+ CSA published 2018 Canadian Electrical Code, Part I




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ CPPIB in a JV with The Scion Group acquired a 22-property U.S. portfolio of student housing (13,666 beds) for US$1.1 billion




 INTERESTING  TRENDS IN RETAIL REAL ESTATE 


+ Cadillac Fairview is renovating its food court area at Chinook Mall; $17.0 million investment in dining hall




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com