FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



  CNW - FACILITY CALGARY CUSTOM NEWSFEED


click here - check out CNWnewsfeed - some of the NEWS that feeds US >>> 



 QUOTES

+ Some people live where they work. Others just visit. – Seanan McGuire

+ Like Indiana Jones, I don’t like snakes – though that might lead some to ask why I’m in politics. – Theresa May




 OIL SANDS AND 
HEAVY OIL NEWS 

+ GOA announced two new royalty programs aimed spurring new oil and gas exploration – Enhanced Hydrocarbon Recovery Program and Emerging Resources Program

+ Northern Gateway’s future remains uncertain; Claudia Cattaneo’s piece says it better than any coverage I’ve read …




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

+ Abdel Bawdi, Interim CEO @ ArPetrol Ltd., resigned

+ Barry McInerney to Pres & CEO @ Mackenzie Investments

+ Ben Almond to Managing Dir. of Operations @ CH2M

+ Bob Nicholson to Store Dev. Mgr. Western Canada @ Starbucks Coffee Company

+ Chris Podulsky to CFO @ Gemini Corporation

+ David Haugen to Sr. VP @ Ryder Scott Canada

+ David Holland, Pres. & CEO @ Torstar Corporation, retiring

+ David Nielsen to Partner, Calgary @ Grant Thornton LLP

+ Ferio Pugliese to Exec. VP Customer & Corp. Affairs @ Hydro One Inc.

+ François Vimard to Interim Pres. & CEO @ Empire Company Limited & Sobeys Inc.

+ Fred Kozak, Sr. VP Investor Relations @ Pacific Exploration & Production, left the company

+ James Kim to Assoc. VP Origination, Eastern Canada @ Trez Capital

+ Jason James to Interim CEO @ ArPetrol Ltd.

+ Jon Wrathall to Corp. Finance Mgr. @ TransCanada Corporation

+ Marc Poulin, Pres. & CEO @ Empire Company Limited & Sobeys Inc., fired

+ Maryse Saint-Laurent to Commission Member @ Alberta Securities Commission

+ Paul Wilson to Director, Commercial Dev., Industrial IoT Div. @ ZTR Control Systems

+ Stan Magidson to CEO @ Alberta Securities Commission

+ Stephen Liptrap to COO @ Morneau Shepell

+ Steve Matyas to Pres., North American Retail @ Staples Inc.

+ TJ (Thomas Joseph) Walsh, founder @ Walsh LLP, died


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




BOARDROOM changes, purges, appointments etc.

+ Andrew Chisholm to Director @ Royal Bank of Canada

+ Bilal Hydrie to Director @ Pennine Petroleum Corporation

+ Mike Lambert to Director @ Gemini Corporation

+ Quesada Morales to Director @ International Frontier Resources Corporation

+ Stan Magidson to Chair @ Alberta Securities Commission


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




 SHAREHOLDER MEETINGS

+ July 20; Rock Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ July 26; Parkit Enterprise Inc., Annual General Meeting, Vancouver

+ Aug. 26; PRD Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Sept. 13; Calgary Chamber of Voluntary Organizations, Calgary


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



 CHARITY GOLF TOURNAMENTS 

+ Aug. 11-13; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Aug. 29; CanLearn golf day; Silver Springs Golf Club, Calgary; info/register

+ Aug. 31 – Sept. 4; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; info/tickets

+ Sept. 12; TMX - 3rd Annual Golden Bull Charity Golf Classic, Valley Ridge Golf Club, Calgary; info/sponsor/register

+ Sept. 13; 7th Annual Gordon Hoffman Charity Golf Classic, Priddis Greens Golf & Country Club, Priddis; info/register


[send infromation on charity golf tournaments to:  kolke@facilitycalgary.com ]



  GLOSSARY 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ 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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ 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

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – Calgary International Airport




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated July 12, 2016




 TODAY'S HEADLINES


NEWS | Anthem JV with Crestpoint | Brexit shaky | Canada post delays disruption | De Beers came to town | Empire/Sobeys $2.9 billion write-down | pancake politics | Seven Generations buys $1.9 bill Paramount portfolio | Stampede in full swing – yahoo! … + Mary Moran interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financing$ + charity golf tournaments 




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 Mary Moran, Pres. & CEO @ Calgary Economic Development

Last week's conversation with Karen Barry, Pres. @ Barry Commercial Real Estate

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



↓SIGN UP TO GET FACILITYCalgary↓

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



 sponsors of this week's issue:

CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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



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







Need a speaker? Find speakers for your events ...
or
if you are a speaker sign up, market your services!



 SAVE THE DATE / upcoming events

+ July 8 - 17; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Sept. 3 – 4; 26th Annual Canmore Highland Games, Canmore; info/tickets

+ Sept. 6 - 9; World Heavy Oil Congress, Stampede Park, Calgary; info/registration

+ Sept. 8; Rea;REIT Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 22-25; 2016 Calgary Home + Design Show, BMO Centre, Stampede Park, Calgary info/register

+ Oct. 4-5; CanWeld 2016, Edmonton Northlands, Edmonton

+ Oct. 9-13; 23rd World Energy Congress, Istanbul, Turkey; info/register

+ Nov. 14-15; Platts 20th Annual Mexican Energy Conference, Mexico City; info/register

+ Nov. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

2017

+ 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 us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Bloomberg projects risk of US$33 trillion in losses for the fossil fuel industry due to climate change




 KUDOS 

+ PB & J … Paul Brandt and Jann Arden – this year’s Stampede Parade Marshals, leading the PB&J initiative with the Calgary Food Bank ‘Put the Boots to Hunger’ campaign …




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 - 2016 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 
 July 5 ~ 12  


+ Anthem Properties Group and Crestpoint Real Estate Investments agreed to ‘co-own’ 11 shopping centres (1.3 million sq. ft.) in BC and Alberta; transaction value $362 million

+ BREXIT NEWS: British real estate funds are freezing redemptions, Italian banks looking shaky(may be next crisis …), Prime Minister David Cameron will step down tomorrow, Theresa May will become leader of the Conservative Party and succeed him as Prime Minister

+ Calgary Housing Company acquired East Village place (163 suite building) for $12 million

+ Canada Post Corporation came to an interim solution with contract negotiations – both parties agreed to a 30 day stand-still, avoiding a lockout and postal services disruption

+ Chevron Corp. announced it (with partners) will go forward with a US$36.8 billion expansion of its Tengiz oil project in Kazakhstan; completion in 2022

+ current energy prices – live link to Bloomberg energy prices; Libyan exports expected to resume this week, Brexit uncertainty continues. Crude rose late last week after several days of slumping but still sits under US$50/bbl over two concerns – a weak Asian refining market and U.S. shale drillers finding they can operate profitably at current levels

+ De Beers Canada moved its head office from Toronto to Calgary; 70 jobs

+ EIA predicts a rise in U.S. crude and other liquids prediction beyond 2017; stats & graphs

+ Empire Co. Ltd. and Sobyes Inc. acknowledged its blunders in swallowing its Safeway acquisition; took a $2.9 billion write down and sacked their Pres/CEO

+ Enterprise Group Inc. closed its $20 million sale of T.C. Backhoe & Directional Drilling Ltd.

+ Fort McMurray recovery: insurance industry announcement pegs the wildfire losses at $3.58 billion, larges single disaster paying in Canadian history [2013 southern Alberta flood was $1.7 billion], soil toxicity is concerning some residents as test levels of contaminants appear to be higher than provincial standards. Boil-water advisory remains in effect. ATCO has re-lit furnaces in 92% of eligible building in Fort McMurray. The ‘wildfire’ is now completely under control and rains have contained the fire’s footprint. Council approved $1.5 million for remediation/risk reduction to Birchwood trails area (heavily wooded urban park that eluded the wildfire is a potential tinderbox), and donations continue to pour in from across the country …

+ GFL Environmental Inc. acquired Envirotec Services Incorporated; terms not disclosed

+ GOA announced two new royalty programs aimed spurring new oil and gas exploration – Enhanced Hydrocarbon Recovery Program and Emerging Resources Program

+ Keyera Corp. agreed to acquire an additional 35% of the O'Chiese Nees-Ohpawganu'ck (Alder Flats) gas plant from Bellatrix Exploration Ltd. for $112.5 million

+ LNG Canada is delaying its US$40 billion Kitimat export terminal project; final funding decision pushed further ahead due to low prices … tic toc

+ NEB suspended the Northern Gateway pipeline review process; the suspension nullifies the 209 conditions, one of which was a sunset clause – so it appears the project might have a rebirth rather than and ending … tic toc

+ Northern Gateway’s future remains uncertain; Claudia Cattaneo’s piece says it better than any coverage I’ve read …

+ Ontario Government created a new investment entity: Investment Management Corporation of Ontario (IMCo); so far Workplace Safety and Insurance Board and Ontario Public Service Pension Plan are in … with more expected; initial pool is $50 billion … tic toc

+ pancake politics; the Calgary Stampede round of political fundraisers, beer-fests and pancake breakfasts are all abuzz with news Jason Kenny will run for the provincial PC party with an aim to unite-the right amid much criticism. Nobody can fault his concerns about job-security because he hasn’t resigned as an MP for Calgary Midnapore … he’ll be avoid the casino as he’s hedging his bets

+ Petrocapita Income Trust got Court approval for and closed its $3.0 million acquisition of all the assets of Palliser Oil and Gas Corporation

+ Petrus Resources Ltd. closed its $30 million sale of Peace River area oil & natural gas assets to Rising Star Resources Ltd.

+ rig counts: U.S. oil rig count is up by 10 this week to 351

+ Sanchez Energy Corporation agreed to sell a 50% interest in Carnero Gathering LLC for US$37 million and assumption of US$7.4 million in future development costs

+ Seven Generations Energy agreed to acquire a portfolio of Montney assets (310 net sections) from Paramount Resources Ltd. for $1.9 billion

+ Superior Plus Corp. agreed to sell its Construction Produces Distribution business to Foundation Material LLC for US$325 million

+ Thomson Reuters agreed to sell its Intellectual Property & Science biz to an Onex Corporation let consortium for US$3.55 billion

+ Tsust’ina First Nation announced major development plans (Tsuut’ina Park, Tsuut’ina Crossing and Tsuut’ina Centre), partnering with Canderel for three business centres – Tsuut’ina Park will be a 500 acre development (retail, office, mixed-use)  along the new SW ring road route




THIS WEEK IN FINANCINGS 
- proposed & closed

+ American Hotel Income Properties REIT closed $90 million equity financing

+ Birchcliff Energy Ltd. is on the market to raise $690.8 million in equity

+ Canadian Apartment Properties REIT is on the market to raise $150 million in equity

+ Gran Tierra Energy Inc. closed US$173,505,402 equity financing

+ Inovalis REIT is on the market to raise $40 million in equity

+ Kivalliq Energy Corporation closed $400,000 equity financing

+ Northwest Healthcare Properties REIT is on the market to raise $127.8 million, $57.8 million equity, $65 million debt

+ Rising Star Resources Ltd. closed $25 million tranche of its initial equity financing

+ True North Commercial REIT is on the market to raise $9.25 million in equity




 this week in REITS 


+ American Hotel Income Properties REIT closed $90 million equity financing

+ Canadian Apartment Properties REIT is on the market to raise $150 million in equity

+ Hines REIT Inc. agreed to sell a 3 million sq. ft. office portfolio to Blackstone Real Estate Partners VIII for SU$1.162 billion

+ Inovalis REIT is on the market to raise $40 million in equity

+ Killam Apartment REIT closed $56.3 million in acquisitions; 50% of 173 unit project in Ottawa and 51% of Garden Park Apartments in Halifax to now hold 100%, and a 28 unit building in Fredericton

+ Northwest Healthcare Properties REIT is on the market to raise $127.8 million, $57.8 million equity, $65 million debt

+ Summit Industrial Income REIT agreed to acquire 141,628 sq. ft. light industrial building in Calgary for $12.675 million (7.35% going in cap rate)

+ Summit Industrial Income REIT closed its acquisition of 309,077 sq. ft. light industrial building in Edmonton for $33 million

+ True North Commercial REIT agreed to acquire two properties (Mississauga), adding 100,000 sq. ft. to its portfolio; terms not clearly disclosed in their press release

+ True North Commercial REIT is on the market to raise $9.25 million in equity




 INFRASTRUCTURE / P3  


+ Canada and Quebec confirmed the ratification of the Canada-Quebec Agreement on the Public Transit Infrastructure Fund and the Clean Water and Wastewater Fund; $924 million in federal funding to public transit projects; $364 million for projects related to clean water and wastewater treatment

+ EllisDon team selected as ‘preferred proponent’ to handle the LEED Gold Seneca College King Campus expansion project

+ PCL got some bragging rights; two of their projects got global recognition at the Global Best Project Awards; Humber River Hospital and Toronto Pan AM Sports Centre




INTERESTING REAL ESTATE NEWS, other places


+ Brookfield Asset Management completed its US$2.8 billion acquisition/merger with Rouse Properties; adds 35 regional malls and retail centers (23.8 million sq. ft.) in 21 states

+ Caisse de dépôt et placement du Québec, Partners Group and CIC Capital Corporation acquired Foncia, France's market-leading provider of residential property management services/ 1.8 million properties/8,000 employees; terms not disclosed

+ Ledcor Group completed construction of US$100 million project, The Current, in Long Beach, CA; 223 unit rental building is a JV with Ledcor, Qualico and Anderson Pacific

+ Statoil ASA sold its Oslo, Norway headquarters (721,000 sq. ft.) to a consortium led by Arctic Securities for $465 million


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 27, 2025