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FACILITYCalgary Aug9/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Angelo Tullo, CFO @ DataWind Inc., resigned

+ Arthur Roth to Director @ Potash Ridge Corporation

+ Bruce Duncan to Director @ Potash Ridge Corporation

+ Bruce Edgelow to Managing Partner & Founder @ EdgeMark Capital & Advisor Services Inc.

+ David Charron to CFOR @ TeraGo Inc.

+ David Cluff to Exec. VP Enterprise Risk & Chief Risk Officer @ Home Capital Group Inc.

+ David Vetters to Managing Partner @ Annapolis Capital Limited

+ Garrett Soden to Pres. & CEO and Director @ Africa Energy Corp.

+ Greg Parker to Exec. VP Strategy @ Home Capital Group Inc.

+ Hemant Nayak to Interim CFO @ DataWind Inc.

+ James Phillips, Pres. & CEO @ Africa Energy Corp., retired

+ Janice Fukakusa to Chair @ Canada Infrastructure Bank

+ Jeremie Lavoie to CFO @ CO2 Solutions Inc.

+ Keith Cochrane to Acting CEO @ Carillion Plc

+ Lucille Selmanovic to Sales & Specifications Rep. @ ICON Stone + Tile

+ Megan Fox to Design Consultant @ Desingers Edge

+ Michael Lagopoulos to Trustee @ Inovalis REIT

+ Neil Beaumont to Chief Risk Officer @ CPPIB

+ Pascal Hurtubise to VP, Chief Legal Office & Corporate Secretary @ Boralex Inc.

+ Randy Ambrosie to Commissioner @ Canadian Football League

+ Richard Howson, CEO @ Carillion Plc, stepping down

+ Ross Bricker to Director @ FortisAlberta Inc.

+ Siu Ma, Exec. VP & COO @ Karnalyte Resources Inc., resigned

+ Thom Skinner, CFOR @ CO2 Solutions Inc., retiring

+ Trevor Sawtzky to Pres. @ Newhook Trenching Ltd.

+ Yonni Fushman to Exec. VP & Chief Legal Officer @ Aecon Group Inc.


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




IN MEMORIUM

+ Sandy MacTaggart, co-founder of MacLab Enterprises and legendary Edmonton developer, philanthropist and bon-vivant, died




 SAVE THE DATE / upcoming events

+ July 7 - 16; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ July 14; Oxford Stomp, Fort Calgary in support of Rotary; info/tickets

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


[send your event 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

+ 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 July 11, 2017




 TODAY'S HEADLINES


HEADLINES: Calgary Stampede is on ! | Cooper equipment acquired Alberta Lift | crude still slumping | Greenline LRT gets funding | Manitok Energy taking over Questfire | Paramount buying Apache for $459.5 million | Paramount merging with Trilogy | Trimont closed its acquisition of Western Financial + Jay Sinclair interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Jay Sinclair, Sr. VP, Team Leader Construction @ AON

Last week's conversation with Steve Mamchur, Pharmacist/Owner of KenRon Compounding Pharmacy

A recent conversation with Samara Felesky-Hunt, Dietition and Nutritional Consultant

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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Aug. 15-17; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register


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



 SHAREHOLDER MEETINGS

+ July 12; Lonestar West Inc., Special Meeting of Shareholders, Sylvan Lake, AB

+ July 26; Sunshine Oilsands Ltd., Special Meeting of Shareholders, Hong Kong

+ Aug. 3; PRO REIT, Special Meeting of Unitholders, Montreal


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Emissions Reduction Alberta announce a new round of funding for ‘Oil Sands Greenhouse Gas Emissions Limits by 2030’ ; Oil Sands Innovation Challenge. Funding proposal submissions are due September 7, 2017, at 5 p.m. MDT




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NEWS SUMMARY 
 July 4 ~ 11 


+ Berkshire Hathaway Energy agreed to acquire Energy Future (includes Oncor utility arm) for US$18.1 billion; meanwhile, Elliott Management Corp. has brought a higher bid of $18.5 billion … tic toc

+ Calgary Stampede is underway – weather is great, horses are bucking and chuckwagons are racing every night!

+ CIBC acquired Geneva Advisors (US$8.4 billion book/100 employees) for US$200.0 million in a cash and shares deal

+ Cooper Equipment Rentals Limited acquired Alberta Lift and Equipment Rentals Inc.; terms not disclosed

+ Crius Energy Trust completed is US$172.5 million acquisition of U.S. Gas & Electric Inc.

+ current energy prices – live link to current Bloomberg energy prices; crude slumped some more this week on supply-glut concerns and continued lack of certainty in OPEC output cuts

+ Home Capital Group Inc. closed $225.0 million tranche in its disposition of mortgage assets

+ Manitok Energy Inc. agreed to combine with Questfire Energy Corp.; $55.4 million transaction value

+ Paramount Resources Ltd. agreed to acquired Apache Canada Ltd. for $459.5 million

+ Paramount Resources Ltd. and Trilogy Energy Corp. agreed to merge in an all-shares transaction

+ Pengrowth Energy Corporation closed its $185.0 million sale of Swan Hills area assets

+ rig counts: down 14 to 175 over the last week ; full breakdown

+ Spira Data Corp. acquired Zayfti Inc.

+ Superior Plus Corp. agreed to acquire Yankee Propane Inc. for US$31.5 million

+ Trimont Financial Ltd., a unit of Wawanesa Mutual Insurance Company, completed its $775.0 million acquisition of Western Financial Group and Western Life Assurance




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Renewable Partners L.P. closed $550.0 million equity financing

+ First Capital Realty Inc. closed $300.0 million sr. unsecured debt financing

+ Mosaic Capital Corporation secured $50.0 million credit facility

+ Perpetual Energy Inc. secured $40.0 million credit facility

+ Secure Energy Services Inc. secured $600.0 million credit facility

+ Toronto-Dominion Bank is on the market to raise $350.0 million by a preferred share issue




 QUOTES

+ It’s nice to be important, but it’s important to be nice. – unknown
+ Wisdom is the reward you get for a lifetime of listening when you’d have preferred to talk. – Doug Larson




 KUDOS

+ to Heritage Park Foundation, McCarthy Tetrault LLP, The Rob Peters Family and Dan & Kathy Hays – for sponsoring the 67th Annual Hays Breakfast on July 9th – well done!




 CONSTRUCTION NEWS + INNOVATION 

+ car maker Faraday Future’s US$1.0 billion factory in Nevada has been halted; due to financial troubles of the owner …




 this week in REITS 


+ Dream Hard Asset Alternatives Trust agreed to sell its interests in Villarboit Investments for $70.0 million

+ European Commercial REIT agreed to acquire 169,000 sq. ft. office building in Brussels, Belgium for EUR40.7 million

+ Michael Lagopoulos to Trustee @ Inovalis REIT

+ Nexus REIT closed a $147.0 million acquisition of a 26 property portfolio (Quebec and New Brunswick)

+ RioCan REIT closed $94.2 million sale of its Cambie Street (Vancouver) property

+ RioCan REIT agrees to sell a portfolio of six bank-branch properties in B.C. for $30.3 million




 INFRASTRUCTURE / P3  


+ GOA announced funding ($88.0 million) together with the Federal Government ($74.0 million) for $162.0 million twinning the Peace River Bridge at Peace River, AB

+ GOA announced support for Calgary’s $4.65 billion  Green Line LRT project; GOA’s 1/3rd will be $1.53 billion over eight years for Stage 1; Federal Government is kicking in 1/3rd also …

+ Southwest Section of Calgary Ring Road; naming ceremony involved three-levels of government and Chief Lee Crowchild – the name for the $2.2 billion section will be the ‘Tsuut’ina Trail’

+ Innergex Renewable Energy Inc. agreed to acquire two wind projects (43MW) in France for $145.6 million

+ Minister of Transport Garneau announced $2.1 billion in initial funding for the Trade and Transportation Corridors initiative




INTERESTING REAL ESTATE NEWS, other places


+ in Brazil: Prologis Inc. agreed to buy out its JV partner in 20 industrial properties for US$362.0 million

+ in China: billionaire Wang Jailin’s Dalian Wanda Group agreed to sell its 91% stake in a portfolio of 76 hotels and interest in 13 tourism projects to Sunac China under debt pressure and Chinese government concerns about straying from government policy …

+ in Montreal: an entire city block transformation, $200.0 million - Cogir Real Estate partnering with Fonds immobilier de solidarité FTQ broke ground on HUMANITI Montréal; hotel component HUMANITI Hôtel Montréal is a ‘new flag’ for Marriot; 200-room hotel, 300+ rental units, 150 condominiums, 60,000 sq. ft. office space, 15,000 sq. ft. retail space

+ also in Montreal: Molson Coors is planning a new brewery, location not yet announced, to build a $500.0 million brewing facility rather than renovating the old one (231 yrs. old!)




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



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