FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Allison Maher to Director @ Surge Energy Inc.

+ Andrea Chrenek to Judge @ Provincial Court of Alberta

+ Darcy Morris to Director @ Caldwell Partners International Inc.

+ Datuk Ben Chan to Regional Managing Dir., Asia Pacific @ Ontario Teachers’ Pension Plan

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

+ David Moss to Director @ Alberta Innovates

+ Don Sewell to CFO @ Big Rock Brewery Inc.

+ Harvey Gamble, CEO @ Real Estate Insurance Exchange (REIX), retiring

+ Heather Anderson to Lease Compliance Administrator @ Ronmor Holdings Inc.

+ Jacqueline Sheppard to Director @ Alberta Investment Management Co. (AIMCo)

+ Jennifer Martin, Pres. & CEO @ TELUS Spark, stepped down

+ Lindsay McGill to VP & CFO @ McCoy Global Inc.

+ Lisa Sabo to CEO @ Real Estate Insurance Exchange (REIX)

+ Maggie Schofield, Exec. Dir. @ Calgary Downtown Association, left the organization

+ Marion Burnyeat to Director @ Surge Energy Inc.

+ Mark Nichols to Director, Fund Development @ The Educational Partnership Foundation

+ Mayo Schmidt, CEO @ Hydro One Limited, resigned

+ Mekdam Nima to Design Engineering Mgr., Vancouver @ Peter Kiewit & Sons Co.

+ Nancy Laird to Director @ Alberta Innovates

+ Patrick Lor to Director @ ATB Financial

+ Paul Dobson to Acting CEO @ Hydro One Limited

+ Paul Howden to VP Sales @ Big Rock Brewery Inc.

+ Randal Brandt to Judge @ Provincial Court of Alberta

+ Rob Stevenson to Director of Sales @ HBI Heritage Business Interiors

+ Robert Prichard, Chairman @ Metrolinx, resigned

+ Robert Marceau to Judge @ Provincial Court of Alberta

+ Sandra Corbett to Judge @ Provincial Court of Alberta

+ Tara Dupas to Sr. Account Mgr., Calgary @ BDC


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




 MEMORIAM

+ Roy Lindseth, geophysicist, oil patch veteran, former Pres. @ APEGGA; 92




  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:
 
feedback@facilitycalgary.com



↓ CLICK THIS BUTTON TO SIGN-UP TO GET

FACILITYCalgary FREE ↓


CLICK HERE 

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated July 17, 2018




 TODAY'S HEADLINES


HEADLINES: Calgary Stampede success! PetroShale buy in the Bakken | TD buys Greystone | 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:

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



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 SHAREHOLDER MEETINGS

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


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



 CALGARY OLYMPICS 2026 BID WATCH 


+ agenda for today’s (July 17) meeting:

+ secretariat update

+ minutes of June 16 meeting




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Clearstone Engineering Ltd. got $1.6 million from the Government of Canada to support research on reduction of methane emissions

+ Enbridge Gas Distribution Inc. and Hydrogenics Corporation commissioned a hydrogen storage facility (power-to-gas) in Markham, ON




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  




↓ CLICK THIS BUTTON TO SIGN-UP TO GET

FACILITYCalgary FREE ↓


CLICK HERE 



NEWS SUMMARY 
 July 10 ~ 17 


+ Bank of Canada raised its benchmark rate to 1.5%, a 25 basis point increase

+ Calgary Stampede success: great weather and attendance over 1,271,241 visitors, 2nd largest ever

+ Calgary Stampede – Indian Village being renamed as ‘Elbow River camp’

+ current energy prices – live link to current Bloomberg energy prices; crude prices down 4% as Libyan ports re-open; but concerns about supply outages continue to tighten the market …

+ Kingsway Financial Services Inc. agreed to sell its non-standard auto business units to Premier Holdings LLC; terms not disclosed

+ Nutrien Ltd. agreed to acquire Agrible Inc. for $63.0 million

+ PetroShale Inc. agreed to acquire a portfolio of North Dakota Bakken assets for US$55.0 million

+ rig counts: up 15 to 197 this week; full breakdown of western Canada activity

+ The Toronto-Dominion Bank agreed to acquire Greystone Managed Investments Inc. for $792.0 million

+ U.S. rig counts: up 1 to 1,054 this week, up 102 over same period last year; full breakdown

+ Vertex Resource Group Ltd. acquired Three Star Trucking Ltd.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Avison Young closed $250.0 million preferred share financing

+ Boralex Inc. closed $207.0 million equity financing by private placement

+ Crown Capital Partner Funding LP closed $75.0 million equity raise

+ First Capital Realty is on the market to raise $230.0 million in equity

+ IGM Financial Inc. closed $200.0 million debt financing

+ Minto Apartment REIT closed $230.0 million equity financing by IPO

+ New West Energy Services Inc. closed $350,000.0 in debt financings

+ PetroShale Inc is on the market to raise $40.0 million in equity

+ PetroShale Inc is on the market to raise $10.0 million in equity by private placement

+ Pine Cliff Energy Ltd. closed $19.0 million equity financing by private placement

+ Target Capital Inc. closed $626,265.0 rights offering

+ True North Commercial REIT is on the market to raise $50.0 million in equity

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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ beyond performance reviews

+ 2018 Canadian HR Awards - finalists




 KUDOS 

+ to all those great cowboys and cowgals who make the Calgary Stampede rodeo the greatest outdoor show on earth for yet another year; check out the winners




 QUOTES 

+ Change is hard at first, messy in the middle, and gorgeous at the end. – Robbie Sharma

+ We learn something from everyone who passes through our lives. Some lessons are painful, some are painless, but all are priceless. - unknown




 CHARITY GOLF TOURNAMENTS 

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

+ Aug. 13; 17th Annual Links & Legends Charity Golf Tournament, Valleyridge Golf Course, Calgary; info/register


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



 CONSTRUCTION NEWS + INNOVATION 

+ Aecon Group Inc. won $248.0 million contract to rehabilitate Gardiner Expressway in Toronto

+ will tariffs on steel impact supply?




 this week in REITS 


+ BTB REIT closed its $25.2 million acquisition of 31,000 sq. ft. mixed use property in Montreal

+ Minto Apartment REIT closed $230.0 million equity financing by IPO




 INFRASTRUCTURE / P3  


+ Glenmore Reservoir pathway links opened; capital cost  $2.9 million




 INTERESTING THINGS IN OFFICE REAL ESTATE 


+ non-traditional design trends



 INTERESTING THINGS IN RETAIL 


+ BMO Bank of Montreal opened its first two ‘Smart Branches’ in Alberta; Whyte Ave & 104 St. in Edmonton and Shaganappi Trail in Calgary; small and techie …

+ Oakridge Centre renovation in Vancouver will include a 9-acre rooftop park

+ Tim Hortons announced a master franchise JV with Cartesian Capital Group to open 1,500 restaurants in China over the next 10 yrs.




 SAVE THE DATE / upcoming events


+ 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. 25-27; International Pipeline EXPO, Telus Convention Centre, Calgary; info/registration

+ 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 ]

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 6, 2025