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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Annie Ropar to CFO & Chief Administrative Officer @ Canada Infrastructure Bank

+ Bob Cummings, Exec. VP Strategy and Guest Services @ WestJet Group, retiring

+ Cam Kenyon, Exec. VP Operations @ WestJet Group, leaving the company

+ Cameron Murchoch to VP Sales and Marketing @ HydrEra Water Services

+ Carol Van Brunschot to VP Marketing @ Kelt Exploration Ltd.

+ Charles Duncan to Exec VP and Chief Strategy Officer @ WestJet Group

+ Dave Deormeaux to Pres. & COO @ Jayman BUILT Single Family

+ David Harquail to Director @ Bank of Montreal

+ David McGorman to CEO @ Top Strike Resources Corp.

+ Derek Norton, CEO @ MCAP Financial Corporation, retired

+ Duncan Fulton to Chief Corporate Officer @ Restaurant Brands International Inc.

+ Gayle Burnett to Chief Strategy Officer @ Alberta Medical Association

+ Jack Zhu to Pres. & CEO @ Wealth One Bank of Canada

+ Jason Ewasiuk to VP Operations @ Top Strike Resources Corp.

+ Jennifer Jackson to Pres. @ Capital One Canada

+ Jon Sharun to Exec. Dir. @ Top Strike Resources Corp.

+ Karen Rowe to CFO @ CIBC Mellon

+ Kathy Ness to Health Advocate and Mental Health Patient Advocate @ Government of Alberta

+ Lloyd Baker to Director @ Lakeview Hotel Investment Corp.

+ Mark Aldridge to CEO @ MCAP Financial Corporation

+ Matthias Roth to VP Research @ University of Alberta

+ Mike Tanasichuk to CFO @ Top Strike Resources Corp.

+ Olivia Colic to Regional Managing Partner, Alberta @ McCarthy Tetrault LLP

+ Pierre Lavallee to Pres. & CEO @ Canada Infrastructure Bank

+ Scott Crockatt to Director of Marketing @ United Way of Calgary and Area

+ Suzanne Wilton to Sr. Communications Advisor @ TransCanada

+ Terry Davis, CEO @ Home Hardware Stores Ltd., retiring


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




 MEMORIAM

+ Tom Chambers, former MLA Edmonton Calder and Alberta Minister of Public Works, former Pres. of APEGA; 89




 QUOTES 

+ Don’t judge people for the choices they make when you don’t know the options they had to choose from. - unknown

+ The strength of the team is each individual member. The strength of each member is the team. – Phil Jackson




 SHAREHOLDER MEETINGS

+ July 13; Callidus Capital Corporation, Annual General Shareholders Meeting, Toronto

+ July 19; Nutrien Ltd., Annual Meeting of Shareholders, Saskatoon


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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




 SUGGESTIONS / COMMENTS:
 
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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated July 10, 2018




 TODAY'S HEADLINES


HEADLINES: AltaGas closed $9.0 billion purchase | Canadian Tire buys Helly Hansen | Enbridge selling natural gas assets for $4.31 billion | bye-bye Greyhound | Strath buys Paramount assets | Syncrude re-start + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

A recent conversation with Trevor Winkler, Regional Managing Partner @ MNP

A recent conversation with Deb Hymers, Founder/CEO of NSTEP

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



 sponsors of this week's issue:

CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



 CALGARY OLYMPICS 2026 BID WATCH 


+ Graz, Austria dropped out of the bidding this week

+ check out the City’s current website page for the 2026 Olympic Bid




 INFRASTRUCTURE / P3  


+ Atlantic Power Corporation agreed to acquired 50.00% interest in Koma Kulshan (13MW run-of-the-river hydro project near Seattle) for $US11.8 million from Covanta

+ Bridging North America chosen as construction consortium for the Gordie Howe International Bridge connecting Windsor and Detroit

+ GOA committed $1.0 billion to complete the West Ring Road extension; section will connect Highway 8 to TransCanada highway; construction to start in 2019

+ Trudeau government announced $50.0 million commitment; GOA adding $27.0 million to fund $77.0 million expansion of Airport Trail corridor and improve access the YYC




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Spark Power Corp. acquired Bullfrog Power; merger terms not disclosed




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NEWS SUMMARY 
 July 3 ~ 10 


+ AltaGas Ltd. closed its $9.0 billion acquisition of WGL Holdings Inc.

+ Anthem Properties Group Ltd. closed its acquisition of 2.43 former CBC site on Westmount Boulevard

+ Canadian Tire Corporation closed its acquisition of Helly Hansen

+ CEDA acquired Breakthrough Oilfield Services Ltd.

+ current energy prices – live link to current Bloomberg energy prices; WTI US$74/bbl, Brent US$78/bbl; prices holding up due to Syncrude production outage and Libya, Iran and Venezuela uncertaintites

+ Dealnet Capital Corp. closed its $27.5 million acquisition of Dealnet Capital Corp.

+ Enbridge Inc. agreed to sell its Canadian natural gas gathering and processing businesses for $4.31 billion to a Brookfield Infrastructure and its partners

+ GOA likely WILL take an equity position in the TransMountain Pipeline project …

+ Greyhound Canada announced it will downsize its Canadian business based on a decline in ridership: all routes serving Alberta, Saskatchewan, Manitoba and British Columbia [excepting Vancouver-Seattle route] effective Oct. 31/18

+ Ikkuma Resources Corp. agreed to acquire a portfolio of midstream assets for $23.0 million

+ Morneau Shepell agreed to acquire LifeWorks Corporation Ltd. for $426.0 million

+ Parkit Enterprise Inc. acquired Smart Parking Solutions Canada Inc.

+ rig counts: up 10 to 182 this week; full breakdown

+ Strath Resources Ltd. closed its $340.0 million acquisition of Montney/Kakwa assets from Paramount Resources Ltd.; cash/shares transaction 50/50

+ Suncor announced its Syncrude facilities which suffered a crippling power outage June 20 will be back at full capacity by September as a staggered re-start of production facilities occurs 

+ Taiga Building Products Ltd. agreed to acquired Exterior Wood Inc. for US$42.0 million

+ U.S. rig counts: up 5 this week to 1,052; up 100 over a year ago; full breakdown

+ Utica Resources Inc. made stock and cash offer to takeover Junex Inc.; Junex already in deal with Cuda Energy Inc. … tic toc

+ Vertex Resource Group Ltd. closed its $4.3 million acquisition of an Edmonton hydro-vac company




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alignvest Student Housing REIT launched with $65.0 million equity investment

+ Birks Group Inc. closed $12.5 million sr. secured debt financing

+ Canadian Tire Corporation Limited closed $650.0 million unsecured debt financing

+ ESI Energy Services Inc. is on the market to raise $10.0 million in equity by private placement

+ Hydro-Quebec closed $500.0 million debt financing

+ IGM Financial Inc. is on the market to raise $200.0 million in debt

+ Minto Apartment REIT closed $200.0 million equity financing by IPO

+ New West Energy Services Inc. secured $350,000.0 in debt financing

+ PetroShale Inc. secured US$82.0 million credit facility

+ ShaMaran Petroleum Corp. closed US$240.0 million debt financing

+ Top Strike Resources Corp. is on the market to raise $25.0 million in equity by private placement

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ people analytics – a trend that’s here to stay




 CHARITY GOLF TOURNAMENTS 

+ Aug. 8; 2018 Robert Quatsch Memorial Golf Tournament, Sturgeon Valley Golf & Country Club, Edmonton; info/registration


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



 CONSTRUCTION NEWS + INNOVATION 

+ Historic City Hall in Calgary – $34.0 million renovation project is half-way done



 this week in REITS 


+ Alignvest Student Housing REIT launched with $65.0 million equity investment

+ Granite REIT agreed to acquire 717,000 sq. ft. warehouse and logistics facility in Erfurt, Germany

+ Granite REIT agreed to sell its office properties in Aurora, ON for $60.0 million

+ Minto Apartment REIT closed $200.0 million equity financing by IPO

+ Plaza Retail REIT closed the sale of eight non-core single tenant assets in Alberta (Calgary, Airdrie, Sherwood Park) for $12.15 million

+ PRO REIT completed $31.7 million acquisition of assets of Compass Commercial Realty Limited and six industrial buildings in Winnipeg




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ AIMCo acquired 10111-104 Avenue in Edmonton [first Ice District tower] from Katz Group and One Properties; City of Edmonton is lead tenant

+ Minto Apartment REIT closed $200.0 million equity financing by IPO

+ Park Lawn Corporation acquired Arbor Funeral Chapels & Crematorium in the Okanagan Valley for $2.3 million

+ Tricon Capital Group closed $172.0 million sale of Tricon Lifestyle Communities (14 parks)




 INTERESTING THINGS IN RETAIL 


+ Alimentation Couche-Tard Inc. agreed to rebrand 36 CST stores with Irving/Circle K branding; first Circle K in the Maritimes




 SAVE THE DATE / upcoming events

+ July 6  15; Calgary Stampede - Stampede Park, Calgary; info/tickets

+ July 26-29; Calgary Folk Music Festival, Prince’s Island Park; info/tickets

+ Sept. 1-2; Canmore Highland Games, Centennial Park, Canmore; info/tickets

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 5; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 6; RealREIT Conference, Metro Toronto Convention Centre, Toronto; program/registration

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration

~~

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


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

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