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FACILITYCalgary May 20/25

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SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Brent Blake to CFO Americas @ DB Schenker

+ Claude Mongeau, Pres. & CEO @ CN, stepped down

+ Ghislain Houle to Exec. VP & CFO @ CN

+ Graham Richardson to Pres. @ TAQA North Ltd.

+ Luc Jobin to Pres. & CEO @ CN

+ Mark Purdy to Sr. VP Investment & Gen. Mgr., San Francisco @ Grosvenor Group

+ Mike Cory to Exec. VP & COO @ CN

+ Ngai Ho to Director @ Vital Energy Inc.

+ Olivia Colic to Partner, Calgary @ McCarthy Tetrault LLP

+ Steve Gundlach to Exec. VP Contract Logistics Americas @ DB Schenker

+ Tim Brown to Project Mgr. @ Gaulhofer Canada


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




BOARDROOM changes, purges, appointments etc.

+ Allan Klassen, Sr. VP, Brookfield Residential to Chair @ CHBA-UDI Calgary

+ Charles Sirois to Director @ Triotech

+ Claude Mongeau, Director @ CN, stepped down

+ Howard Eng to Chair @ Canadian Airports Council

+ Kjell Pedersen, Director @ Anticosti Hydrocarbons L.P., resigned

+ Luc Jobin to Director @ CN

+ Tom Ogryzlo to Director @ Polaris Infrastructure Inc.


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




 SHAREHOLDER MEETINGS

+ July 20; Rock Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ July 26; Parkit Enterprise Inc., Annual General Meeting, Vancouver

+ Aug. 26; PRD Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Sept. 13; Calgary Chamber of Voluntary Organizations, Calgary


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



 SAVE THE DATE / upcoming events

+ July 5-7; 2016 Canadian Business Aviation Association Convention & Exhibition, Calgary; info/register

July 8 - 17; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Sept. 3 – 4; 26th Annual Canmore Highland Games, Canmore; info/tickets

+ Sept. 6 - 9; World Heavy Oil Congress, Stampede Park, Calgary; info/registration

+ Sept. 8; Rea;REIT Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 22-25; 2016 Calgary Home + Design Show, BMO Centre, Stampede Park, Calgary info/register

+ Oct. 4-5; CanWeld 2016, Edmonton Northlands, Edmonton

+ Oct. 9-13; 23rd World Energy Congress, Istanbul, Turkey; info/register

+ Nov. 14-15; Platts 20th Annual Mexican Energy Conference, Mexico City; info/register

+ Nov. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

2017

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



 CHARITY GOLF TOURNAMENTS 

+ July 5; Canadian Business Aviation Association/Hope Air Golf Tournament, Inglewood Golf & Curling Club; info/register

+ July 7; 14th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwasssen Spring Golf Club, Delta BC; info/registration

+ Aug. 11-13; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Aug. 29; CanLearn golf day; Silver Springs Golf Club, Calgary; info/register

+ Aug. 31 – Sept. 4; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; info/tickets

+ Sept. 12; TMX - 3rd Annual Golden Bull Charity Golf Classic, Valley Ridge Golf Club, Calgary; info/sponsor/register

+ Sept. 13; 7th Annual Gordon Hoffman Charity Golf Classic, Priddis Greens Golf & Country Club, Priddis; info/register


[send infromation on charity golf tournaments to:  kolke@facilitycalgary.com ]



  GLOSSARY 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ 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

+ 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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ mezz – mezzanine debt

+ 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

+ P3 – Public Private Partnership

+ PADD – U.S. Petroleum Administration for Defense Districts

+ PPA – Power Purchase Agreement

+ PSAC – Petroleum Services Association of Canada

+ RECA – Real Estate Council of Alberta

+ REIT – Real Estate Investment Trust

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – Calgary International Airport




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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated July 5, 2016




 TODAY'S HEADLINES


NEWS | Brookfield Global buys SNC-Lavalin FM div. | BREXIT tremours | CIBC shops in Chicago | Gran Tierra US$525 million acquisition | Northern Gateway Pipeline high-hurdles | postal disruption looming | RBC sells ins. biz to Aviva | Studio Bell opened | Trimac taken private + Karen Barry interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financing$ + charity golf tournaments >>>>




CONVERSATIONS

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. 

This week's conversation with Karen Barry, Pres. @ Barry Commercial Real Estate

Last week's conversation with Brian Kozak , CEO @ Geraldine Developments Ltd.

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



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 QUOTES

+ There are two kinds of pride, both good and bad. ‘Good pride’ represents our dignity and self-respect. ‘Bad price’ is the deadly sin of superiority that reeks of conceit and arrogance. – John C. Maxwell

+ My pride fell with my fortunes. – William Shakespeare




INTERESTING REAL ESTATE NEWS, other places


+ B.C. Premier Christy Clark announced she will discontinue self-regulation of the real estate industry in B.C. for failure to properly regulate the market [with no mention that her party’s government has had oversight responsibility all along], in response to a review of the BC Real Estate Council’s operations; the seems to feel the government’s responsibility extends to ‘saving people from making unwise investments’, which is neither its mandate or purpose. However … there is an election coming …

+ Google’s Midwest U.S. headquarters sold; 1000W Fulton Market in Chicago’s West Loop sold for US$305 million/US$574/sq.ft.; the 531,000 sq. ft. building (built in 1923) was sold by American Realty Advisors who acquired (in 2012 for US$12 million) and renovated the Fulton Cold Storage building into state-of-the-art offices




 OIL SANDS AND 
HEAVY OIL NEWS 

+ Enbridge’s Northern Gateway Pipeline project got a strange court ruling; the Federal Court of Appeal found much fault, not with Enbridge, but with the Federal government (ie: the Harper government) for inaction/poor handling of the process. The ruling appears to rescind the NEB conditional approval … or maybe not. The 3-yr. permit will soon expire, so industry eyes are on Enbridge and NEB actions to re-start, amend or drop the project … tic toc

+ Fort McKay First Nation is exploring doing its own oil sands project … tic toc

+ MCW Energy Group Limited agreed to acquire a controlling interest in another oil sands E & P company,  Accord GR Energy Inc.; terms not disclosed




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ BIOX Corporation entered 50/60 JV with World Energy to acquire and operate a 341 million litre biodiesel production facility in Houston (formerly Green Earth Fuels)

+ OneRoof Energy Inc. agreed to sell its portfolio of solar project assets (19.8MW) for US$61 million

+ three amigos, Prime Minister Trudeau, U.S. Pres. Obama and Mexico Pres. Nieto met last week; among other things they committed to 50% clean power as a goal …which is noble, but since Obama and Nieto both are in their twilight days of their term, there is no way to know if this is a meaningful or worthy goal, if it is measurable or enforceable. But they shook hands, awkwardly, and got a great photo-op




 KUDOS 

+ to Siemens; donated 230 decommissioned laptop computer to charities, to be provided for Syrian refugees in Calgary

+ to Kenn Borek Air Ltd. for successfully evacuating two researchers from the Amundson Scott South Pole Research Station in Antartica.

+ to Order of Canada recipients from Calgary: Dr. Linda Fedigan and Cassie Campbell-Pascall




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NEWS SUMMARY 
 June 28 - July 5 


+ Arsenal Energy Inc. closed $11.5 million disposition of assets

+ BIOX Corporation entered 50/60 JV with World Energy; acquired 341 million litre biodiesel production facility in Houston (formerly Green Earth Fuels)

+ BOE Report published a BOE/D Metrics by Play report … interesting

+ BREXIT NEWS: both main British political parties are in contests to select new leaders, and meanwhile the EU has taken no actions as ‘Article 50’ provisions (documents for leaving) have not yet been filed by the UK; public opinion polls reflect a British citizenry in a state of confusion while the business community there continues to be shell-shocked and shellacked in the markets. Scotland’s wish to separate from the UK (and stay in the EU) has fresh wind in its sails … tic toc

+ Brookfield Global Integrated Solutions agreed to acquire the Canadian real estate facilities management business of SNC-Lavalin for $45 million (does not include P3 projects)

+ Canada Post lockout looking likely; lines drawn in the sand from both sides in failure to reach a contract over pension funding and wage issues as both sides publish dueling press releases – meanwhile we all learn to work and pay our bills without the need for them quite so much; a strike or lockout could come as early as Friday (72 hours notice has been given by Canada Post), but for now, bargaining continues …

+ Chinook Energy Inc. closed $7.5 million disposition of Gold Creek area assets

+ CIBC agreed to acquire Chicago based PrivateBancorp (32 offices in 12 states) for US$3.8 billion

+ current energy prices – live link to Bloomberg energy prices; trickling/leaking below US$50/bbl … EIA reporting U.S. drawdown of inventory, Brexit jitters subsiding, but production bumps by Nigeria (a shaky ceasefire between militants and government forces) and Canada served to keep prices soft. + U.S. markets were closed yesterday for a national holiday,

+ DATA Group Ltd. changed its name to DATA Communications Management Crop.

+ Enbridge’s Northern Gateway Pipeline project got a strange court ruling; the Federal Court of Appeal found much fault, not with Enbridge, but with the Federal government (ie: the Harper government) for inaction/poor handling of the process. The ruling appears to rescind the NEB conditional approval … or maybe not. The 3-yr. permit will soon expire, so industry eyes are on Enbridge and NEB actions to re-start, amend or drop the project … tic toc

+ Energy Transfer Equity LP backed out of its US$33 billion takeover of Williams Cos.; breakup fees and litigation expected, of course, and their tail between their legs and reputations damaged severely …

+ Filipino Canadian Magazine was launched by Abel Pagaling; and I was invited to write a piece on communications for their inaugural issue: Communication Is Everything It Is Supposed To Be

+ Fort McMurray recovery: Fire Aid concert in Edmonton raised funds; GOA handed back control of Regional Municipality of Wood Buffalo to council (finally!); local ‘state of emergency’ status still in place. Air and ash sampling continues as crews work in damaged areas. Child care operators are ramping up for return of children, and healthcare operations are returning to full-on normal operations. 65,329 residents have check into GOA information centres since re-entry began June 1

+ Gran Tierra Energy Inc. agreed to acquired PetroLatina Energy Ltd. for US$525 million

+ GOA is amending New Home Buyers Protection Act to require all builders in the Wood Buffalo region to post credentials and history on-line before obtaining building permits. Not sure what message the government is sending to the industry, or to the rest of the province; if this is good, make it ‘for every contractor in the province’. If it isn’t fair, then maybe it’s draconian

+ Hainan Airlines began scheduled service from YYC to China

+ Long Run Exploration Ltd. closed its arrangement with Sinoenergy Investment Corp.

+ Manitok Energy Inc. agreed to acquire Raimount Energy Inc.

+ MCW Energy Group Limited agreed to acquire a controlling interest in another oil sands E & P company,  Accord GR Energy Inc.; terms not disclosed

+ National Music Centre opened; $191 million project officially opened July 1 in Calgary’s east village; will be known as Studio Bell; 160,000 sq. ft. building incorporates auditorium/performance space, 22,000 sq. ft. of exhibition space and a re-build of the King Edward Hotel

+ OPEC: Saudi Oil Minister and OPEC Sec-Gen. met over the weekend to review the market; they said nice things about ‘market stabilizing’ but also disclosed they are working on a deal with Libya’s national oil corporations to return to pre-2011 levels of 1.6 million bpd

+ Pine Cliff Energy Ltd. closed $25 million royalty assets disposition

+ Rig Counts: U.S. up 11 to 341 (dropped 7 last week); Canadian rigs active – 80 of 667, up from 76 last week

+ Royal Bank of Canada closed its sale of RBC General Insurance Company to Aviva Canada Inc. for $230 million

+ Royal Bank of Canada published its RBC-PMI (Purchasing Managers’ Index) report; shows slowest improvement in business conditions for three months in June

+ Spartan Energy Corp. agreed to acquire two packages of SE Saskatchewan light oil assets for $71.7 million

+ Statoil completed its sale of its 15% interest in Edvard Grief field to Lundin Petroleum for US$64 million

+ Superior Plus Corp. terminated its plans to acquire Canexus Corporation; Canadian Competition Bureau said OK, but U.S. authorities sought to block the deal

+ Temple Hotels Inc. commenced a strategic review, hired advisors …

+ TransCanada Corporation closed its US$13 billion acquisition of Columbia Pipeline Group Inc.

+ Triangle USA Petroleum Corp. entered Chapter 11 Bankruptcy re-organization

+ Trimac Transportation Ltd. got shareholder and court approval for its going-private transaction; and completed the transaction

+ U.S. natural gas futures had best 2nd qtr. performance since 2000, as above normal temperatures will push demand by power plants (for air-conditioning)

+ Tuscany Energy Ltd. is in receivership

+ Vermilion Energy Inc. agreed to acquire and portfolio of E & P assets in Germany for $47.9 million

+ WSP Global Inc. dropped its takeover bid to acquired Sweett Group Plc

+ Xtreme Drilling and Coil Services Corp. changed its name to Xtreme Drilling Corp.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ BTB REIT closed $30 million equity financing

+ Connor, Clark & Lunn Infrastructure & WindRiver Power Corporation closed $38 million debt financing

+ DXI Energy Inc. closed $632,000 equity financing

+ Gear Energy Ltd. closed $20.125 million equity financing

+ Georox Resources Inc. closed $205,900 tranche of its equity financing

+ Hardwoods Distribution Inc. closed $50,010,500 equity financing

+ Hemisphere Energy Corporation closed $1,041,435 equity financing

+ International Frontier Resources Corporation closed $1.6 million common share & warrants financing

+ Margaux Resources Ltd. closed $1,181,000 tranche of an equity financing

+ NuVista Energy Ltd. closed $21.5 million flow-through equity financing

+ PHX Energy Services Corp. closed $24.6 million equity financing

+ PrimeWest Mortgage Investment Corporation closed $2,279,700 equity financing

+ Teekay Offshore Partners LP closed US$350 million debt financing

+ Teekay Offshore Partners LP closed US$200 million equity raise

+ Toro Oil & Gast Ltd. closed $12.6 million equity financing




 this week in REITS 


+ Bluesky Hotels and Resorts Inc. got court approval for is acquisition of InnVest REIT

+ BTB REIT closed $30 million equity financing

+ Canadian Apartment Properties REIT closed its $180.3 million acquisition of a five-property portfolio of townhomes in Ottawa (850 rental units)

+ Chartwell Retirement Residences completed the disposition of three properties (392 suites) in Quebec

+ Crombie REIT unitholders approved $418 million non-arms-length acquisition from Sobeys

+ InnVest REIT got unitholder approval for its reorganization under CCAA

+ InnVest REIT agreed to acquire Fairmont Vancouver Airport Hotel from Oxford Properties Group for $90 million

+ Slate Retail REIT agreed to sell five Food Lion anchored shopping centre properties in Virginia, Sought Carolina and North Carolina for US$31.9 million

+ Slate Retail REIT closed the sale of Ocean Plaza in South Carolina for US$6.5 million (6.6 cap)

+ WPT Industrial REIT closed a US$75 million in two equity financings




 INFRASTRUCTURE / P3  


+ Connor, Clark & Lunn Infrastructure acquired Hunter Creek Hydro Project(12MW), a construction-stage, run-of-river hydro-electric project located near Hope, BC

+ Infrastructure Ontario and Michael Garron Hospital issued an RFQ to design, build and finance a new patient care tower project; a 550,000 sq. ft. addition, and 100,000 sq. ft. of renovation work …


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this site last updated May 20, 2025