FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Bob Falk to VP, Sales & Bus. Dev. @ Liberty Defense Holdings Ltd.

+ Greg Berard to Pres. @ Converge Technology Solutions Corp.

+ Inna Lazman to Sr. Legal Counsel, Calgary @ Intact

+ Jim Texier to Chief Product Officer @ Lightspeed POS Inc.

+ John Simpson, Chairman @ CANA Group of Companies, stepped down

+ Jordan Banks to Head, Media Division @ Rogers Media

+ Justin Ferrabee to CEO @ Paramount Commerce

+ Keith Harradence to Director @ Hyduke Energy Services Inc.

+ Luke Simpson to Chairman @ CANA Group of Companies

+ Mark Fieder to Pres., Canada @ Avison Young

+ Martin Delaney to CEO @ Navasure Structured Surety Solutions

+ Mirra Maheden to VDC Pre Construction Mgr., Western Canada @ EllisDon

+ Patricia Volker to Director @ Empire Life

+ Peter Auvinen to Firm Chair @ Miller Thomson LP

+ Preston Seier to Public Affairs, Canada West @ TCP Energy

+ Randy Wilson to CEO @ Aquilon Energy Services Inc.

+ Rick Brace, Head of Media Division @ Rogers Media, retiring

+ Ronald Mittelstaedt to Exec. Chairman @ Waste Connections Inc.

+ Ronan O’Neil to VP Operations @ MYM Neutraceuticals Inc.

+ Scott DeJong to Mgr., Bus. Dev. @ Calgary Chamber of Commerce

+ Scott Ewert to Director @ Empire LIfe

+ Simone Hughes to Dir. Bus. Dev. & Marketing, Canada & Russia @ Gowlings WLG

+ Tim Hockey, CEO @ TD Ameritrade, stepping down

+ Worthing Jackman to Pres., CEO & Director @ Waste Connections Inc.

~

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




 MEMORIAM  

+ Peter McArthur QC, former Director of the Premier’s Office Southern Alberta, and oil industry executive; 73




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Mondays and Tuesdays are the most productive …?

+ personality traits to look for

+ should we swear at work?




 TECH Corner ...  

+ Facebook settled its privacy violations dispute with the U.S. Federal Trade Commission; they are pledging new privacy guarantees and paying US$5.0 billion settlement




 QUOTES 

+ Be content with what you have; rejoice in the way things are. When you realize there is nothing lacking, the whole world belongs to you. – Lao Tzu

+ Creativity doesn’t wait for that perfect moment. It fashions its own perfect moments out of ordinary one. – Bruce Garrabrandt




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 SAVE THE DATE / upcoming events

+  Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 4; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 14; Cerebral Palsy Association, Life Without Limits Challenge, Rotary Challenger Park, Calgary; info/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 SHAREHOLDER MEETINGS

+ Aug. 6; Echelon Financial Holdings Inc., Annual General Meeting, Toronto

+ Aug 6; GMP Capital Inc., Meeting of Common Shareholders, Toronto

+ Aug. 16; Street Capital Group Inc., Special Meeting of Shareholders, Toronto

+ Aug. 23; theScore Inc., Shareholder Meeting, Toronto

~

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Aug. 1; SAIT Centennial Golf Classic, Priddis Greens, Priddis; info/details

+ Aug 12; Shrine Golf Tournament, Pinebrook Golf and Country Club, Calgary; details/sponsor/register

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Aug. 15; CHAS (Children;s Hospital Aid Society) 37th Golf Classic, Silver Springs Golf Club, Calgary; info/registration

+ Aug. 22; BILD Calgary 2019 Industry Charity Tournament, Priddis Greens, Priddis; info/register

+ Aug. 29; Urban Measure Invitational for Cystic Fibrosis, Inglewood Golf & Curling Club, Calgary; info/register

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

+ Sept. 19; Basecamp Resorts/Murrieta’s 1st Annual Charity Golf Tournament, Stewart Creek, Canmore; info/register

~

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Government of Canada is putting up $1.16 billion for cleaning up contaminated sites and renewed the Federal Contaminated Sites Action Plan


 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Calgary Council considering project delays | Cuda sale | Enbridge Line 5 trouble | NEB ruling on Coast GasLink | Pipestone new pipeline to GOM | Teck greenlight on Frontier mine | West Coast Olefins plant plan | WestJet sale gets OK’d + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




current week data

this  site is refreshed with a new issue every Tuesday


updated July 30, 2019


Editor/Publisher: Mark Kolke



CONVERSATIONS

FACILITYCalgary Publisher 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:

Last week's conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network

A recent conversation with Neil Camarta, Pres. & CEO @ Field Upgrading and former Sr. VP Oilsands @ Suncor and Royal Dutch Shell

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 FURNITURE
 
NEW AND USED OFFICE FURNITURE



Partner with us for your CSR or employee giving program, and join us in the global fight against avoidable blindness - e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



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



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NEWS SUMMARY 
 July 23 ~ 30 


+ Calgary City Council juggling timing/public opinion and fractious council over timing of decisions; pausing GreenLine LRT construction and go-ahead, or not, on new arena deal … tic toc

+ Cuda Oil and Gas Inc. agreed to sell all its Quebec assets for $10.59 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices steady/strong as U.S. stockpiles and production slump amid geopolitical tensions …

+ Enbridge Inc. facing action by Bad River Band regarding its Line 5; Enbridge reported to be considering a rerouting notwithstanding long term right-of-way … tic toc

+ GOA’s review of power generation market concluded; no change at this time decision sends ‘steady as she goes’ message to industry

+ GOA reduced its crude oil curtailment quotas for September

+ Halliburton is cutting fac jobs and equipment in North America; 8% workforce cut planned for Canada and the U.S.

+ NEB ruling on Coastal GasLink 670 km. pipeline project from Dawson Creek to LNG facility at Kitimat determined jurisdiction stays solely with BC regulators – no NEB role

+ Pipestone Energy Corp. entered into a midstream transaction with Tidewater Midstream and Infrastructure Ltd.; 10-yr. take-or-pay supply deal involves Tidewater acquiring batter assets for $14.0 million and funding $16.0 million in asset expansion

+ rig activity in Canada

+ rig counts – U.S.: down 8 to 946 this week; Canada: up 9 to 127 this week; full breakdown

+ Teck Resources Ltd. got a favourable ruling on its Frontier mine from NEB – public interest outweighed concerns; $20.6 billion / 260,000/bbl/day facility expected to be in production by 2026; full 1,325 page report

+ West Coast Olefins announced it will build $5.6 billion petrochemical plan on a 300 acre site in the BCR Industrial Site in Prince George, BC

+ WestJet Airlines Ltd. got shareholder and court approval for Onex Corporation’s $3.5 billion takeover of WestJet




THIS WEEK IN FINANCINGS 
- proposed & closed

+ NorthWest Healthcare Properties REIT closed $150,096,000.0 equity financing

+ Tidewater Midstream and Infrastructure Ltd. is on the market to raise $75.0 million convertible debt financing

+ UrtheCast Corp. secured US$1.5 million debt financing

+ WELL Health Technologies Corp. is on the market to raise $15.0 million in equity

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 CORPORATE RESPONSIBILITY REPORTS 


+ Cenovus Energy published its 2018 Environmental, Social & Governance Report

+ Minto Group released their 2018 Sustainability Report




 INFRASTRUCTURE / P3  


+ Calgary City Council and Calgary Flames ownership’s deal for a new arena – the ‘mock photos’ look fantastic and many feel the deal is great, guarantees the Flames will stay for 35 yrs. (which will quell rumours of a move to Seattle or Houston); city will bear $12.4 million cost to demolish the Saddledome. Also, Calgary Sports and Entertainment Corp. will have options to acquire adjacent eas-village sites from the City of Calgary

+ SNC-Lavalin Group Inc. pulled out of the bidding for several major Canadian infrastructure projects

+ Suffield Solar and Direct Energy Business singed a long term deal to supply 23MW from its Suffield facility – will be online in 2020

+ Tahltan Nation purchased a 5% stake in Norwest British Columbia Hydro Electric Facilities from Axium Infrastructure Canada and Manulife Financial Corporation for $124.3 million




 BUILDING OPERATIONS NEWS + INNOVATION 

+ indoor air quality matters

+ Premium Fire Protection Ltd. hit with 65 charges involving the company and 10 employees; unqualified or uncertified employees installing fire alarm and related equipment … tic toc




 CONSTRUCTION NEWS + INNOVATION 

+ Aecon expected to benefit from SNC-Lavalin’s withdrawal from projects

+ how blockchain will change construction

+ Ontario wrestling with budget to fund need for $16.0 billion in backlogged school repairs …




 INTERESTING TRENDS IN RETAIL 


+ is branch banking a thing of the past, or is it just the tellers being replaced by ATMs?; Laurentian Bank is ending teller services at all its 91 branches

+ Popeyes Louisiana Kitchen Inc. announced expansion into China; to open 1,500 stores in the next 10 years




 INTERESTING TRENDS IN OFFICE REAL ESTATE 


+ co-working understood – knowing space as a service

+ iQo Office Suites Inc. is planning 4-city expansion including Calgary – taking two floors in Telus Sky project




 this week in REITS 


+ American Hotel Income Properties REIT LP agreed to sell its Economy Lodging portfolio (45 hotels) for US$215.5 million

+ NorthWest Healthcare Properties REIT closed $150,096,000.0 equity financing

+ NorthWest Healthcare Properties REIT closed its $61.5 million acquisition office building in Germany




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Blackstone is on the market to sell a 10-city portfolio of 4,500 apartments in Japan; expected to yield US$1.5 billion

+ in Montreal, Kevric Real Estate Corporation JV agreed to acquire the National Bank Building (28-storey / 710,000 sq. ft.); price and partner not disclosed

+ WeWork agreed to acquire a San Francisco office building (358,691 sq. ft.) from Bentall Kennedy for US$330.0 million; WeWork currently occupies 73,000 sq. ft. of 600 California Street




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this site last updated May 6, 2025