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 

+ Al Amer, Managing Partner, Edmonton @ Riddell Kurczaba, left the company

+ Anned Mette de Place Filippini to Deputy Chief Investment Officers @ Burgundy Asset Management Ltd.

+ Arlene Dickinson, Director @ AutoCanada Inc., resigned

+ Brian McDade to Exec. VP & CFO @ Simon Property Group

+ Bruce McCollum to Pres. @ Baramy Investments Ltd.

+ Camera Murdoch to VP Sales and Marketing @ HYDRERA Water Services

+ Christy Clark to Director @ Shaw Communications Inc.

+ Darcy Campbell to VP Finance @ HYDRERA Water Services

+ David Yager, Director @ Hyduke Energy Services Inc., resigned

+ Derrick Thorson to VP Operations @ HYDRERA Water Services

+ Hayley Wickenheiser to Vice-Chair @ Calgary Olympic Bid Corp.

+ Helena Pagano to Exec. VP, Chief Human Resources and Communications Officer @ Sun ife Financial

+ Jennifer Fonstad to Director @ Mastercard Foundation

+ Jesse Gill, Director @ Hyduke Energy Services Inc., resigned

+ Jo Taylor to Exec. Managing Dir., Global Development @ Ontario Teachers’ Pension Plan

+ John Gilchrist, Food Critic @ Calgary Herald, retired

+ Jon Horseman to Chairman & CEO @ AltaCorp Capital Inc.

+ Ken Stickland to Chairman @ Trinidad Drilling Ltd.

+ Kyle Mitton to VP Corp. Dev. @ Maxim Power Corp.

+ Lou Cusano to Managing Partner, Calgary @ Torys LLP

+ Melissa Lantsman to VP Public Affairs @ Hill+Knowlton Strategies

+ Mike Heier, Founder and Chairman @ Trinidad Drilling Ltd., resigned

+ Michael Rawluk to Pres. @ AutoCanada Inc.

+ Moe Houssaini to Sr. Operations Mgr. Calgary @ Impark

+ Patti Stebbe to VP, NeNew @ CANA Construction Ltd.

+ Paul Boskovich to Chairman @ BILD Calgary

+ Peter Blackwell to Sr. VP Marketing & Communications @ Boston Pizza International Inc.

+ Peter Vanderzwaag to Sr. Estimator, Edmonton @ Graham Construction

+ Susannah Pierce, Director @ PentaNova Energy Corp., resigned

+ Timothy Linacre to Director @ SDX Energy Inc.

+ Toni Maduri to VP Asset Mgmt. @ Epic Investment Services

+ Vahan Kololian to Director @ Hyduke Energy Services Inc.

+ Ziad Hindo to Chief Investment Officer @ Ontario Teachers’ Pension Plan


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




 MEMORIAM

+ David Bentley, CA, FCA, retired Sr. Partner @ Deloitte’s in Edmonton, philanthropist;94



 QUOTES 

+ Stop worrying about what could go wrong, and get excited about what can go right. - unknown

+ The point is not to pay back kindness, but to pass it on. – Julia Alvarez




  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




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this  site is refreshed with a new issue every Tuesday morning


updated July 3, 2018




 TODAY'S HEADLINES


HEADLINES: AltaGas merger OK’d | crude up ⬆ | Enbridge Line 3 OK | GE selling BakerHughes | GOA deficit down | NewAlta/Tervita merger + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

Last week's conversation with Trevor Winkler, Regional Managing Partner @ MNP

A recent conversation with Deb Hymers, Founder/CEO of NSTEP

A recent conversation with Bob (Simon) Whitworth, Founder/Pres. of Simple Simon Pies

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



 sponsors of this week's issue:

e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



BEARSPAW beauty - FOR SALE - click to contact Mark Kolke, Agent

31079 Woodland Heights, Calgary


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



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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



 CALGARY OLYMPICS 2026 BID WATCH 


+ 15 board members appointed, 5 more to go …

+ the IOC (International Olympic Committee) announced they have committed $925 million to the winning ‘host city’ to help fund the games; they also published the host-city contract – a 292 page light read if you like that kinda thing …




 CORPORATE RESPONSIBILITY REPORTS 


+ The Home Depot published its 2018 Responsibility Report – A Year Of Progress




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NEWS SUMMARY 
 June 26 ~ July 3 


+ Alberta Supernet operator change; AXIA Net Media’s contract ended June 30; Bell now have the contract – GOA promising no interruption of services to rural Alberta … tic toc 

+ AltaGas Ltd. and WGL Holdings Inc. completed all regulatory approvals to facilitate their combination

+ Canada Day holiday yesterday – Canadian financial markets closed

+ current energy prices – live link to current Bloomberg energy prices; WTI @ US$74/bbl, Brent @ US$77/bbl; world markets jockeying over uncertainty on sanctions on Iran, volatility of Venezuelan and Libyan markets and confusion over what Saudi/OPEC are up to … tic toc

+ Enbridge Inc.’s Line 3 Replacement Project got approval by the Minnesota Public Utilities Commission

+ General Electric is staking steps to divest of its Baker Hughes unit as part of a US$200.0 billion divestiture plan

+ GOA deficit announcement: down to $8.0 billion from projected $10.1 billion

+ NAFTA negotiations are ongoing; new steel and aluminum tariffs imposed by Trump are being countered by Canadian duties … and Mexico elected a new president, Trump is wanting to postpone NAFT talks until after the U.S. midterm elections; disruption seems to be the key … tic toc

+ Newalta Corporation and Tervita Corporation got court approval for their amalgamation; will operate as Tervita Corporation 

+ Point Loma Resources Ltd. closed a $1.557 million acquisition of a private oil & gas company

+ rig counts: up 12 to 172 this week; full breakdown

+ TORC Oil & Gas Ltd. closed its acquisition of a portfolio of SE Saskatchewan light oil assets

+ U.S. rig counts: down 5 on the week, up 107 over last year – full breakdown

+ Walton Group of Companies completed its Canadian operations restructuring




THIS WEEK IN FINANCINGS 
- proposed & closed

+ E Split Corp. raised $80.0 million in equity by IPO

+ Exchange Income Corporation closed $80.5 million debt financing

+ Manulife’s John Hancock closed a US$2.0 billion equity raise for its John Hancock Infrastructure Fund

+ Minto Apartment REIT is on the market to raise $500.0 million by IPO

+ Taiga Building Products Ltd. secured $250.0 credit facility

+ TORC Oil & Gas Ltd. secured $500.0 million credit facility

+ Waterous Energy Fund closed $1.4 billion equity financing

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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ leadership tips from a distinguished leader

+ dealing with false allegations




 CHARITY GOLF TOURNAMENTS 

+ July 5; 16th Annual Coast Hotels-Shuhachi Naito Golf Classic, Tsawwassen Springs, Delta, BC; info/register

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


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



 CONSTRUCTION NEWS + INNOVATION 

+ CN Tower in Toronto which belongs to Canada Lands Company is embarking on a $16.0 million renovation to its observation level in celebration of its 42nd birthday


 this week in REITS 


+ Minto Apartment REIT is on the market to raise $500.0 million by IPO




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Starlight Investments and Blackstone Property Partners formed a JV to acquire a six building portfolio (746 units) in Toronto (5) and Montreal (1); terms not disclosed

+ Tricon Capital Group Inc. formed a U.S. JV to invest in in U.S. rental homes; three JV partners will invest $250.0 million each and build a $2.0 billion portfolio




 SHAREHOLDER MEETINGS

+ July 5; Africa Energy Corp., Annual General and Special Meeting, Vancouver

+ July 13; Callidus Capital Corporation, Annual General Shareholders Meeting, Toronto

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

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



 SAVE THE DATE / upcoming events

+ July 6  15; Calgary Stampede - Stampede Park, Calgary; info/tickets

+ 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. 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 ]



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Innergex Renewable Energy Inc. acquired a large scale project being built at Winkler County, Texas; 250MW solar project with power sale contracts in place; total construction cost is US$397.0 million




 KUDOS 

+ to 100 Canadians receiving Order of Canada Awards; among them, Calgarians Aritha van Herk, Pat Moore, Gerald Wood, John Conly, Mike Tims and Ron Ghitter.

+ Gordon Cheesbrough, former Chairman and CEO @ Scotia Capital, inducted to Investment Industry Hall of Fame




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

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this site last updated May 6, 2025