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 Sean Flathers , Leasing and Development at Telsec Property Corporation
 
Last week's conversation with Marlis Krueger , Pres. & CEO at The Family Psychology Place
 

Archived conversations 



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 SHAREHOLDER MEETINGS

 

+ 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:

 

+ Amos Hochstein to Acting Head @ U.S. Bureau of Energy Resources
+ Ben Chu to Pres. & COO @ Super Nova Petroleum Corp.
+ Bill Cromb to CFO @ Hyperion Exploration Corp.
+ Bob Hildenbrandt to VP Bus. Dev. @ Graham
+ Clifton Purvis to Judge, Edmonton @ Provincial Court of Alberta
+ Douglas Wonnacott to Pres. & CEO @ Canexus Corporation
+ Duncan Payne to Managing Dir. Home Shows @ BILD
+ Jennifer Dunsdon to COO @ Burgundy Asset Management Ltd.
+ John Walker to Exec. VP, Western Canadian Operations @ Fortis Inc.
+ Julie Cusson to Director, Public & Gov’t Affairs @ Valero Energy Inc.
+ Ken Manget to VP Infrastructure @ Ontario Teachers’ Pension Plan
+ Marc Rivard to Exec. VP, Infrastructure Engineering @ SNC-Lavalin Group
+ Men Quiping to Interim CFO @ Sunshine Oilsands Ltd.
+ Michael Crowford to Pres., Asia Pacific @ Four Seasons Hotels and Resorts
+ Michael Mulcahy to Pres. & CEO @ FortisBC
+ Michelle Cole to VP Commercial Lending @ Equitable Bank
+ Raymond Chang, Co-founder @ CI Financial, died
+ Rick Burt to VP Offshore Operations , Bus. Dev. & Strategy @ HNZ Group Inc.
+ Ron Tratch to Chief Risk Officer @ Equitable Bank
+ Tal Ball to Chief Technology Officer @ BuildDirect.com Technologies Inc. 

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




BOARDROOM changes, purges, appointments etc.

 

+ Ben Chu to Director @ Super Nova Petroleum Corp.
+ Daniel Drimmer to Director @ Mortgage Company of Canada Inc.
+ Glen Silvestri to Director @ Mortgage Company of Canada Inc.
+ Monica Kowal to Vice-Chair @ Ontario Securities Commission
+ Pamela Pierce to Director @ ShawCor Ltd.
+ Tammy Oldenburg to Director @ Mortgage Company of Canada Inc.



INTERESTING REAL ESTATE NEWS, other places


 

+ Slate Retail REIT agreed to acquire East Little Creek shopping centre in Norfolk, Virginia for US$ 9.85 million; US$ 141/sq. ft.
 
+ Milestone Apartments REIT closed US$50.3 million acquisition of Legacy Heights Apts. in Denver, Colorado
 
+ Tricon Capital Group investing US$59 million to develop a 606 acre site in Charlotte, North Carolina; 1,200 homes



 QUOTES

 

“Some people change their ways when they see the light; others when they feel the heat.” – Caroline Schoeder
 
“It ain’t the heat, it’s the humility.” – Yogi Berra
 
“When the water starts boiling it is foolish to turn off the heat.” – Nelson Mandela



 KUDOS

 

+ to Perry ‘the kid’ Gereluk, celebrating 20 yrs. as an Appraiser @ Colliers, Edmonton .. who knew? … congrats Perry!



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FINANCINGS - proposed & closed

 

+ Canamax Energy Ltd. secured $6 million credit facility
+ Ceiba Energy Services Inc. closed $16.1 million equity financing
+ Edge Resources Inc. secured $17 million credit facility
+ Hanwei Energy Services Corp. is on the market to raise $4 million in equity
+ High North Resources Ltd. is on the market to raise $10 million in equity
+ Kingsway Financial’s sub 1347 Capital Corp. closed $6 million overallotment of its recent IPO
+ Manulife U.S. Regional Bank Trust closed $108 million IPO
+ Montana Exploration Corp. closed $3,250,000 convertible debt financing
+ Mullen Group Ltd. is on the market to raise $400 million in debt
+ Perpetual Energy Inc. closed $125 million sr. unsecured debt financing
+ PetroNova Inc. closed $8.0 million equity financing
+ Powder Mountain Energy Ltd. closed $255,000 equity financing
+ Sterling Resources Ltd. closed US$32 million equity financing
+ Terrace Energy Corp. closed $20,017,000 equity financing
+ Toronto-Dominion Bank is on the market to raise $500 million in a preferred share financing
+ United Hunter Oil and Gas Corp. is on the market to raise $1 billion



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 TODAY'S HEADLINES


Northern Courier pipeline approved | Talisman Energy in play | Altus buys RealNet | Carillion/Balfour Beatty merger | new Delta airport hotel | conversation with Sean Flathers + new financings >>>>




NEWS SUMMARY 
  July 22 - 29  


 

 
+ Alberta Government land sale last week netted $6.85 million, 2nd lowest this year
+ Altus Group Ltd. agreed to acquire RealNet Canada Inc.
+ ATB Financial – THE OWL … Daily Economic Comment
+ Berkshire Hathaway Energy’s $3.2 billion takeover of AltaLink got federal government approval; next hurdle is Alberta utility regulators – in the face of industry opposition ...
+ BCE Inc. spending $3.95 billion to acquire remainder of Bell Aliant Inc. it does not already control
+ Canada following U.S. lead; issuing sanctions against Russian corporations doing business in Canada over Russian actions in Ukrainian crisis
+ Carillion and Balfour Beatty in merger talks .. tic-toc
+ CMQ Resources Inc. is planning a going-private transaction
+ current energy prices: live link to Bloomberg.com commodities data ; oil up on deteriorating U.S.-Russian tensions, supply fears
+ Delta Hotels and Resorts will build a new hotel adjacent to the new $1.4 billion Calgary International Airport Terminal; 318 hotel will be 4-star, full service hotel with conference/banquet facilities
+ Direct Energy agreed to sell its Ontario home & small commercial services business to EnerCare for $550 million
+ Enbridge Inc. considering 140,000 barrel/day train terminal in Pontiac, Illinois
+ HealthLease Properties REIT acquired Sunrise Village, 176 unit senior care facility in High River, from Continuum Healthcare Holdings Ltd. for $34.3 million
+ High Arctic Energy Services Inc. closed US$29 million purchase of two drilling rigs
+ Huntington Exploration Inc. adopted an advanced notice bylaw
+ Imperial Oil and City of Calgary agreed on scope of former SW Calgary refinery site cleanup; $27 million site restoration project; Imperial paying 60%, City paying 40%
+ JanaPartners hedge fun spurs run-up in Apache Corp. shares by investing $1 billion
+ Kern Partners has assembled a $750 million fund aimed at west coast LNG export projects
+ Lloyds Bank paying US$370 million in fines over LIBOR scandal wrongdoing; more penalties likely …
+ Morgan Stanley consented to US$275 million in fines over wrongdoing on sub-prime mortgage business
+ Precision Drilling Corporation increased its CapEx Budget to $934 million
+ Petrus Resources Ltd. made a takeover proposal to acquire Arriva Energy Inc.
+ Repsol in talks with Talisman Energy; possible take-over, asset sale or JV investment … tic toc; Talisman CEO Hal Kvisle expected to disclose more in earnings conference call after markets close today …
+ Shoreline Energy Corp. agreed to sell certain royalty interests to PrairieSKy Royalty Ltd. for $9 million
+ Sunshine Oilsands Ltd. agreed to sell none-core oilsands assets to raise $20 million
+ TransAlta announced plans to build a power plant in Australia (their 7th); western Australia, 150 megawatt plant will cost AUD$ 570 million
+ TransCanada Corporation got regulatory approval for its $800 million Northern Courier Pipeline Project
+ TransForce Inc. agreed to acquire Contrans Group Inc. for $495 million
+ UK making half the country available for shale drilling
+ U.S. Bureau of Ocean Energy Management is studying sale of Beaufort Sea leases on an area of 64.8 million acres
+ Zaio Corporation agreed to acquire Axis Appraisal Management Solutions Inc.
+ Zillow agreed to acquire Trulia for US$3.5 billion to virtually control all MLS residential data in the United States, which makes TREB’s battle with the Canadian Competition Bureau look so very petty …



 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary city hall needs a facelift and refurbishment; estimate of $147 million faces uphill battle for approval …
 
+ FortisBC selected by Bechtel as contractor for the $400 million Tilbury LNG Facility Expansion Project in Delta, BC
 
+ Greater Toronto Airport Authority renewed its contract with SNC-Lavalin for opertations & maintenance of its co-generation and central utilities services
 
+ Infrastructure Ontario selected two companies to handle Project Management Services on construction projects for owned and leased properties in Ontario to MHPM Project Managers Inc. and SNC-Lavalin O&M
 
+ and RFQ has been issued for a project to expand the Whitehorse General Hospital; process is being run by Partnerships BC



 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