FACILITYCalgary

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

FACILITYCalgary May 6/25

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Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Jack Mintz , Palmer Chair in Public Policy, University of Calgary and Director of U of C School of Public Policy.

Last week's conversation with Russ Dantu , Pres. of Synergy Apparel & Solutions, public speaker, coach ...

Archived conversations 



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 SHAREHOLDER MEETINGS

 

+ July 15; Partners REIT, Annual and Special Meeting of Unitholders, Toronto
+ July 16; IBI Group Inc., Special Meeting of Debentureholders, Toronto
+ Aug. 6; Cannacord Genuity Group Inc., Annual General Meeting, Toronto
+ Sept. 17; Deep Well Oil & Gas Inc. , Shareholder Meeting, Edmonton
+ Sept. 24; Bengal Energy Inc. , Annual Meeting, Calgary
+ Sept. 30; Shoreline Energy Corp. , Annual Meeting, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ Sept. 9; RealREIT Conference , Metro Toronto Convention Centre, Toronto

+ Oct. 23; Calgary Real Estate Forum , TELUS Convention Centre, Calgary

+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



SHAKERS AND MOVERS moving, retired, resigned, died or got the boot:

+ Anna Lentz, CFO @ Imaging Dynamics Company Ltd., left the company

+ Byron Beswick to Partner, Tax @ Ernst & Young LLP

+ Dan Fuoco to CFO @ Imaging Dynamics Company Ltd.

+ David Azrieli, Developer and Philanthropist, died

+ David Stevenson to Chief Superintendent @ Calgary Board of Education

+ Don Kottick to Exec. VP, Corp. Dev. @ Peerage Realty Partners

+ Dr. Paul Lin to Interim CFO @ Imaging Dynamics Company Ltd.

+ Dr. Robert Thirsk to Chancellor @ University of Calgary

+ Gene Macdonald to Director, Health System Strategies @ Medtronic Cryocath

+ James Hooke to CEO @ International-Matex Tank Terminals

+ James May to CFO @ International-Matex Tank Terminals

+ Jeff Hessel to VP Marketing @ Tourism Calgary

+ Jimmy Hu to Exec. Dir. @ Sr. VP Corporate Strategies @ Sunshine Oilsands Ltd.

+ Kevin Miller to Director, Finance and Accounting @ Cathedral Energy Services Ltd.

+ Kyungluck Sohn to Pres. & CEO @ Harvest Operations Corp.

+ Linda Dalgetty to VP Finance and Services @ University of Calgary

+ Michael Hill to CFO @ Cathedral Energy Services Ltd.

+ Michael Lambert to Executive VP & CFO @ Black Diamond Group Limited

+ Myunghuhn Yi, Pres. & CEO @ Harvest Operations Corp., resigned

+ Paul Kethcabaw to Co-lead, Architectural Practice @ Riddell Kurczaba Architecture Engineering Interior Design Ltd.

+ Peter Gauthier to Pres. & CEO @ CVTech Group Inc.

+ Peter Nowlan to Chief Brand & Marketing Officer @ Tim Hortons Inc.

+ Peter Schulz to Co-lead, Architectural Practice @ Riddell Kurczaba Architecture Engineering Interior Design Ltd.

+ Phonse Delaney to Pres. & CEO @ FortisAlberta Inc.

+ Richard Couillard to Pres. & COO @ Canadian Spirit Resources Inc. & will also become CEO on Sept. 1/14

+ Robert Pease to Exec. VP Markets, Products & Transportation @ Cenovus Energy

+ Shane Dunn to Partner Transaction Advisory @ Ernst & Young LLP

+ Thomas Coleman, CEO @ of International-Matex Tank Terminals, retiring

+ Thomas Feuchtwanger to Pres. & CEO @ PetroMaroc Corporation plc

+ Todd Stevens to CEO @ California Resources Corp. (Occidental’s pending spin-off)

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




BOARDROOM changes, purges, appointments etc.

+ Mary-Ann Bell to Director @ Nav Canada

+ Shannon Bowen-Smed to Director @ Travel Alberta

+ Stephen Inbusch, Director @ Bengal Energy Ltd., died

+ Susan Werth to Director @ ATCO Ltd.




INTERESTING REAL ESTATE NEWS, other places



+ Imperial Parking Corporation (Impark), closed its acquisition of Pacific Parking Management in San Francisco (49 facilities)

+  American Hotel Income Properties LP closed its US$30.5 acquisition of Pinehurst, North Carolina hotel portfolio

+ leasing of office space in Toronto has a slight up-tick ; scant relief (9.4% vacancy) in face of new buildings coming on stream between now and 2017 … according to Avison Young report; financial core is the worst at 11.7% vacancy





 QUOTES


“The punishment for criminals should be of use; when a man is hanged he is good for nothing.” – Voltaire

“Growing old is like being increasingly penalized for a crime you haven’t committed.” – Teilhard de Chardin




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FINANCINGS - proposed & closed

+ AutoCanada Inc. closed $203 million equity financing

+ Bonavista Energy Corporation closed $201 million equity financing

+ Canadian Energy Services & Technology Corp. closed $72.5 million equity financing

+ Crocotta Energy Inc. closed $45 million equity financing

+ Elkwater Resources Ltd. closed $25 million equity financing

+ Emerald Bay Energy Inc. closed $150,000 tranche of its equity financing

+ Enbridge Inc. closed $60 million overallotment of its recent equity financing

+ Enbridge Inc. closed $250 million preferred share financing

+ Enbridge Inc. is on the market to raise $350 million by way of a preferred share offering

+ Nobel REIT closed $10 million equity financing

+ Paramount Resources Ltd. closed $350 million equity financing

+ PetroNova Inc. is on the market to raise $8 million in equity

+ Royal Bank of Canada is on the market to raise $1 billion in subordinated debt

+ Sobeys Inc. is on the market to raise $300 million in debt

+ Starlight U.S. Multi-Family (No.3) Core Fund closed US$49.62 million IPO

+ Tuscany Energy Ltd. is on the market to raise $3.0 million in equity

+ Twin Butte Energy closed $3.3 million equity financing

+ Waldron Energy Corporation is on the market to raise $1.5 million in equity




 KUDOS


+ to Anthony Haines, Pres. & CEO @ Toronto Hydro named 2014 Energy Person of the Year by the Energy Council of Canada




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 TODAY'S HEADLINES


Impark makes acquisition  | Citigroup hit with US$ 7 billion fines/penalties | Canadian Beef Centre of Excellence | Kleinfelder enters Canadian market | acquisitions & mergers | conversation with Jack Mintz + new financings >>>>




NEWS SUMMARY 
  July 8 - 15  



+ Accede Energy Services Ltd. announced its 2014 CapEx Budget is $12.9 million

+ Alberta land sale on July 9 netted $23 million for Government of Alberta

+ A. P. Moller-Maersk taking US$1.7 billion write-down on its Brazilian oil assets

+ Assembly of First Nations convention begins today amid claims the organization must be reformed if it is to survive or be effective

+ ATB Financial – THE OWL … Daily Economic Comment

+ Beth Gardner re-acquired ownership of Custom Travel Solutions

+ Bonavista Energy Corporation closed its acquisition of Ansell assets

+ Calgary Stampede this year was flood-less, a weather success, a critical success and an attendance success; sunshine, midway food, rodeo, art, kids and ice-cream, hootin’ and hangovers made this summer festival of horses and business-unconventional as memorable as any other, this city returns to normal post-Stampede pace, one part summer lazy, two parts frenetic …

+ Canadian Beef Centre of Excellence setting up in Deerfoot Atria, opening in early 2105; funding of $3.8 million from Government of Canada

+ Canyon Services Group Inc. acquired a $19.7 million packaged of coiled tubing assets

+ Canyon Services Group Inc. increased its 2014 CapEx Budget to $94.5 million

+ Cequence Energy Ltd. increased its 2014 CapEx Budget to $170 million

+ Citigroup Inc. agreed with U.S. regulators on a fine/penalty package of US$7 billion for wrong doing in mortgage backed securities during 2008 financial crisis

+ current energy prices: live link to Bloomberg.com commodities data ; oil slumped over the last week based on market misjudgment of Libyan supply coming on stream & softening demand

+ Elkwater Resources Ltd. planning to change its name to Striker Exploration Corp.

+ Forbes & Manhattan Coal Corp. changed its name to Buffalo Coal Corp.

+ Imperial Parking Corporation (Impark), closed its acquisition of Pacific Parking Management in San Francisco (49 facilities)

+ Inter Pipeline Ltd. announced its plan to build $100 million expansion to its mid-Saskatchewan pipeline system

+ KKR & Co. LP formed a JV with Riverstone Holdings LLC to pursue oil & natural gas opportunities in the Barnett Shale in Texas

+ Kleinfelder Inc. acquired Hood Engineering & Technical Services

+ Longreach Oil and Gas Limited changed its name to PetroMaroc Corporation plc

+ Macquarrie Infrastructure Co. LLC is acquiring 50%of International-Matex Tank Terminals for US$1.03 billion to control 100%

+ Metal One Corporation acquired a 90% interest in Cantak Corporation

+ New Star Energy Ltd. engaged advisors to look at strategic alternatives

+ Northern Gateway Pipeline project facing more legal challenges; first nations groups asking Federal Court of Appeal to reverse Government approval of the project

+ Oando Energy Resources Inc. closed its US$5 million acquisition of Medal Oil Company Limited

+ Painted Pony Petroleum Ltd. agreed to sell a Saskatchewan exploration and production asset portfolio for $100 million

+ PanTerra Resource Corp. agreed to acquire $2.4 million Copton & Naraway area natural gas assets

+ Petrowflow Energy Corporation got court approval of its takeover of Equal Energy Ltd.

+ Plains Midstream Canada ULC is planning 63-hectare rail yard adjacent to its Fort Saskatchewan fractionation and storage facility; to be operational by December/2015

+ Sobeys Inc. sold its dairy manufacturing facilities in western Canada to Agropur for $356 million

+ Spartan Energy Corp. completed its $98 million acquisition of SE Saskatchewan light oil assets

+ Spartan Energy Corp. completed its $17.25 million acquisition of the Midale asset in SE Saskatchewan

+ Steelhead LNG Corp. and Huu-ay-aht First Nations developing LNG terminal proposal for Port Alberni region of Vancouver Island

+ U.S. Federal Reserve announced it will cease its controversial stimulus bond buying in October

+ Whiting Petroleum Corp. agreed to acquire Kokiak Oil & Gas Corp. for US$3.8 billion

+ wildfires near Tumbler Ridge, BC are uncontained and pose risk to oil & gas assets in the area

+ Zeidler architects have a new Calgary affiliation, with BKDI; to operate as Zeidler BKDI Architecture




 INFRASTRUCTURE / P3 / GREEN



+ a green bond was issued to finance the North Island Hospitals Project (32.3 yrs/$231.5 million) on the $606.2 million project; Tandem Health Partners and government of BC; LEED Gold, Altus Group did the certification

+ ABB awarded $400 million contract for the Maritime Link power project connecting Newfoundland and the North American power grid




 CHARITY GOLF TOURNAMENTS 


 

+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
+ Aug 28; 16th Annual Building Hope Charity Golf Tournament, Springbank Links, Calgary; info/register
+ Sept. 18-19; 25th Annual Peter Gzowski Invitational Golf Tournament for Literacy [gala on the 18th, golf day on the 19th), The Hamptons Golf Club, info/register
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]



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this site last updated May 6, 2025