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+ Alfred Sorensen, CEO and Director @ Pieridae Energy Limited

+ Bruce Crane to Head of Asia-Pacific Region @ Ontario Teachers’ Pension Plan

+ Cathy Butler to Director @ Pathfinder Ventures Inc.

+ Derek Goring to CEO @ Northcrest Developments

+ Colin Purdie to Chief Investment Officer, Public Markets @ Manulife Investment Management

+ John Giere, CEO @ Optiva Inc., resigned

+ Karlee Silver to CEO @ Grand Challenges Canada

+ Keith Hill, Pres. & CEO @ Africa Oil Corp., stepping down

+ Lucie Laplante to CFO @ Beanfield

+ Maxime Gendron to Pres. @ AGF Group Inc.

+ Robert Stabile to Interim CEO @ Optiva Inc.

+ Roger Tucker to Pres. & CEO @ Africa Oil Corp.

+ Sean Tresvant to CEO @ Taco Bell

+ Steve Gurney to Pres. @ Progressive Planet Solutions

+ Suzanne Ennis to Director @ Valour

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]

+ KingSett Capital released its Decarbonization Tool

+ Westbridge Renewable Energy Corp. secured financing to fund its connection to the Alberta Electric System Operator (AESO) for its projects in development; 1.4 GW Alberta Solar portfolio – CBC article on this $1.7 billion solar project

+ July 11; Airdrie Business Club, 7^th Annual Charity Golf Tournament, Woodside Golf Course, Airdrie; info/register

+ July 13; Coast Hotels, 21^st Annual Shu Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register/charity information

+ July 21; Alberta IoT – 4^th Annual Golf Tournament, Lynx Ridge Golf Club, Calgary – register

+ Sept. 11; Rotary Stay In School Charity Golf Classic, Glencoe Golf & Country Club, Calgary; sponsor, register to golf

+ Sept. 21; Calgary’s 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, The Winston Golf Club, Calgary; info/registration

+ Sept. 28; Accessible Housing Annual Fundraising Gala, Silver Springs Golf Cub, Calgary – save the date

+ send us your 2023 tournament information – we are happy to post them here

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

+ July 21; Agra Venture Ltd., Annual General & Special Meeting, Vancouver

+ Aug. 2; NXT Energy Solutions Inc., Annual Meeting of Shareholders, Calgary

+ Aug. 22; Lanesborough REIT, Annual General Meeting of Unitholders, Winnipeg

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

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

+ how AI is transforming design – Gensler’s Christian Lehmjuhi discusses trends

+ REITrag covers REITs: March/2023 ~ Issue #1; April/2023 ~ Issue #2 ; May/2023 – Issue #3

+ A Canadian is someone who knows how to have sex in a canoe. – Pierre Berton

+ You miss 100% of the shots you don’t take. – Wayne Gretzky

+ to Olivia Chow – the new Mayor of Toronto; she defeated 101 candidates and a dog

+ to The Nature Conservancy of Canada and Ducks Unlimited – 22,000 hectare grassland protection project

FACILITYCalgary FREE

FACILITYCalgary FREE

+ Alberta’s aerospace industry got a boost; $4.0 million from the Government of Canada for programs at U of C and SAIT

+ Calgary Cancer Centre (due to open in 2024) got a name; named the Arthur J.E. Child Comprehensive Cancer Centre following a $50.0 million gift to the Alberta Cancer Foundation from the Arthur J.E. Child Foundation

+ Canadian banks have been directed to increase their reserves in anticipation of concerns about Canadian consumer and mortgage debt levels …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$70/bbl, Brent @ US$75/bbl

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; published every Tuesday morning at 6:00 AM (MDT); focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …

+ fires and floods; Alberta wildfire concerns remain on high alert for a very dry summer and active fire season. Cooler temperatures and rain have helped take some pressure off firefighters but flooding has impacted some communities; currently 103 fires, 3 are not under control; Canadian wildfire smoke reaches Europe – worst fire season on record

+ Government of Alberta posted a surplus (for the year ended March 31,2022) of $11.6 billion on total revenues of $76.1 billion

+ Government of Canada’s view of transition to a net-zero energy system – causing controversy, much political debate; their plan for getting to zero by 2050 – with Canada’s oil output projected to plummet

+ MONDAY MORNING MINUTE is now at Substack; get a weekly inspiration message and a selected quote in your in-box weekly; check out the new format; click here to sign up;  click here to this week’s message)

+ reader contributions: always welcome. Please forward comments, news items, and company appointment announcements; if there any at your company we’ve missed, send them to kolke@facilitycalgary.com

+ REITrag – our new publication covering REITs: March/2023 ~ Issue #1; April/2023 – Issue #2; May/2023 – Issue #3; sign-up form – available only for paid subscribers of Monday Morning Minute- $5/month or $52/year; monthly newsletter report of REITs, will be of interest and inform investors, asset managers, investors, agents/brokers on this growing and vitally important sector of the real estate industry; sign up get on the mailing list

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 9 to 674 this week; Canada: down 2 to 167 this week; full breakdown and international rig counts

+ Tenaz Energy Corp. closed its acquisition of XTO Netherlands Ltd.

+ Africa Oil Corp. secured $200.0 million credit facility

+ Blue Sky Uranium Corp. closed $1.11 million first tranche of an equity raise by private placement

+ Eat Well Investment Group Inc. closed $24.5 million debt raise

+ Newtopia Inc. is on the market to raise $1.5 million non-convertible sub debt

+ Sun Life Financial Inc. is on the market to raise $500.0 million in unsecured sub-debt

+ Verses AI Inc. is on the market to raise $20.0 million in equity by private placement

editor’s note: names of companies involved in arm’s length debt and equity financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …

+ July 24; Calgary Heritage constituency – Federal By-Election

+ Aug. 10-11; Aerospace, Defence and Security Expo, Tradex, Abbotsford, BC; info/register

+ Sept. 13-14; Oil Sands Conference (Shell Place) & Trade Show (Suncor Community Leisure Centre) , Fort McMurray; conference / trade show

+ Sept. 15-17; 7^th World Geothermal Congress, Beijing, China -  info - register

+ Sept. 17-21; 24^th World Petroleum Congress; Energy Transitions – the path to Net Zero, BMO Centre, Stampede Park / registration; early bird registration is open; exhibition features – what, where, when

+ Sept. 26-28; BOMEX Edmonton 2023; JW Marriott/Ice District, Edmonton; details/registration open

+ Oct. 18-19; BUILDEX Alberta, 20-24; Calgary – save the date

+ Nov. 1-2; Supply Change, Conference & Expo, Westin Airport, Calgary; info / register

+ Nov. 7-8; Canadian Aerospace Summit, Ottawa - save the date

+ Nov. 14-15; Oilfield Electrification Technology Conference, Hyatt Houston West, Houston; register, submit abstracts

~~~

2024

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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

+ ARTIS REIT published its 2022 ESG Report

+ Cenovus Energy published its 2022 ESG Report

+ Crescent Point Energy Corp. published its 2023 Sustainability Report

+ Crown Realty Partners published its 2022 ESG Report

+ Morguard published its 2022 Sustainability Report

+ RONA Inc. announced it will be rebranding its Lowe’s stores as RONA+

+ Walmart Canada opened a 430,000 sq. ft. high-tech fulfillment facility in Rock View County