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 

+ Aiko Doden to Director @ Thomson Reuters Founders Share Company

+ Dan Gallagher to CEO @ Mikisew Group of Companies

+ Dr. Jacqueline Ottmann to Pres. @ First Nations University

+ Dr. Stephen Haworth to Chief Medical Officer @ XORTX Therapeutics Inc.

+ Dr. Tony Fields to Chancellor @ MacEwan University

+ Edward Tsang to Sr. Interior Designer @ MTA Urban Design Architecture Interior Design

+ Fabricio Naranjo to National Actuarial Services Leader @ RSM Canada

+ George Pita to Director @ Ovintiv Inc.

+ George Van Noten, COO @ Minto Apartment REIT, left the company

+ Jamil Naithoo to Sr. VP, Capital Markets @ WELL Health Technologies Corp.

+ Jan Sampson to Director, Operations @ Richardson Wealth Limited

+ Janet Vellutini to Director @ Kelt Exploration Ltd.

+ Jeff Clark to Partner @ Pillar Telecom

+ Johan Bolin to Director, Talent Delivery @ David Aplin Group

+ Kim Hamill to Director, Communications @ Celero Solutions

+ Leon Binedell to Pres. & CEO @ Sherritt International

+ Lisa Shane to Sr. Mgr., Calgary @ Deloitte Canada

+ Michael Carr to Div. Mgr., Eastern and Northern Ontario @ Engineered Air

+ Paul Baron to Sr. VP, Operations @ Minto Apartment REIT

+ Peter Verburg to Director @ Petrus Resources Ltd.

+ Raymond Chow to CFO @ E3 Metals Corp.

+ Rosalie Abella, Justice @ Supreme Court of Canada, retired

+ Richard Payette to Director @ Export Development Canada

+ Rob Dargewitcz, CFO @ Pieridae Energy Limited, resigned

+ Sadiq Adatia to Chief Investment Officer @ BMO Asset Management

~ 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 ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ four in five employees don’t feel heard

+ one in four workers struggling with mental health issues

+ resignations are way up and re-opening means staffing up; so, recruiters are posting a lot more jobs

+ surveys address mental health issues of people working from home




CONVERSATIONS

Click here to read a recent conversaton with Mitzi Murray, Executive Director of THIRD ACTion FIlm Festival

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



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 COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply - DONATE

[please send your community board notices to  kolke@facilitycalgary.com ]




 SHAREHOLDER MEETINGS

+ July 12; K.B. Recycling Industries Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ July 15; MTY Food Group Inc., Annual General Meeting of Shareholders, virtual-only

+ July 20; K.B. Recycling Industries Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ July 22; Calgary Co-Op, Annual Meeting, Glenmore Inn and Convention Centre

+ July 29; Inter Pipeline Ltd., Special Meeting of Shareholders, virtual-only

+ July 29; Pembina Pipeline Corporation, Special Meeting of Shareholders, virtual-only

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Government of Canada enacted the Canadian Net-Zero Emissions Accountability Act; aimed at net zero by 2050 … is now the law in Canada; seems like a great goal, but very unclear what happens to the government doesn’t achieve the goal …




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events:

+ July 16; Alberta IoT, 2nd annual Golf Tournament, Lynx Ridge Golf Club, Calgary; info/register

+ Aug. 11-12; Priddis Greens Charity Classic in support of the Prostate Cancer Centre, Priddis Greens Golf & Country Club, Priddis – info/register

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Aug. 12; Glenn Anderson Day of Golf, in support of the Cross Cancer Institute, Derrick Golf & Winter Club, Edmonton – info/sponsor/save the date

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

+ Sept. 9; Kerby Centre Charity Classic, Carmoney Golf Club, Calgary; info/registration

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




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 QUOTES 

+ The topic of MBW (managing by wandering around) is at once about common sense, leadership, customers, innovation, and people. – Simply wandering – listening, empathizing, staying in touch. – Tom Peters

+ There are two kinds of people, those who do the work and those who take the credit. Try to be in the first group, there is less competition there. – Indira Gandhi




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Amazon published its 2020 Sustainability Report – Further and Faster, Together

+ Cenovus Energy published its 2020 ESG report

+ Crown Realty Partners published their 2020 ESG Report

+ Pipestone Energy Corp. published its inaugural ESG Report




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 THIS WEEK'S HEADLINES


Alberta is OPEN | COVID stats | crude price rise continues | GOA buys 50% of Sturgeon Refinery | Mullen acquisitions | SECURE closed Tervita acquisition | TC Energy launched NAFTA claim for KeystoneXL termination | Tidewater and TRANSALTA sold Pioneer Pipeline + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 MEMORIAM 



 Sponsors of this week's issue:

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult
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Contact Zelos for a free consultation today
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 LEADERS IN PRIVATE WEALTH MANAGEMENT



BennettJones.com



Visit: https://www.incito.ca/
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E-mail:  inspire@incito.ca

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



Visit: Levvel.ca
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OUR SERVICES



Visit: https://falkbuilt.com/
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DIGITAL COMPONENT CONSTRUCTION



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 INTERESTING REAL ESTATE NEWS FROM OTHER PLACDES 

+ Edmonton; McLab Properties/Midwest Property Mgmt. - sold its portfolio (548 apartments and 326 townhomes); terms and purchaser not disclosed

+ Edmonton; Avenue Living acquired three portfolios in Edmonton (Avalon/QuadReal, Maclab, Huntington)  1,500 rental units for $275.0 million

+ Edmonton; Panattoni Canada building a 600,000 sq. ft. fulfillment centre for Amazon in their Highlands Business Park; Ledcor is the builder – Amazon to open in 2022

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 June 29 ~ July 6 / 2021 


+ ACE Casinos is relocating its Calgary operation to a new facility near the airport, 72,000 sq. ft. facility to be branded ACE Casino Calgary Airport

+ Alberta COVID-19 stats: 2,303 deaths to date, 831 active cases of 232,236 confirmed cases to date: aggregate Alberta data – currently, 136 Albertans are in the hospital with COVID-19, and 32 of those are in intensive care units

+ Alberta COVID-19 re-opening strategy -  July 1 – PHASE 3 – full reopened

+ Calgary Council Derby, City of Calgary 2021 elections; now there are 20  candidates running for mayor: Ian Chaing, Jan Damery,  Jeromy Farkas, Brad Field, Emile Gabriel, Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley, Grant Prior, Jeff Davidson, David oZone Clark., Paul Michael Hallelujah, Mizanur Rahman, and 84 candidates have filed nomination papers for council’s 14 Ward seats

+ Calgary’s Mask bylaw rescinded – the vote was 10 yes, 4 no

+ Canadian Pacific continues to lobby for its deal to acquired Kansas City Southern; lobbying opposition to Voting Trust Proposal of the CN deal … tic toc

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude continues its upward rise – WTI @ US$76/bbl, Brent @ US$77/bbl – meanwhile OPEC+ solidarity on production limits seems to be coming undone

+ Government of Alberta acquiring the 50% interest in the Sturgeon Refinery/North West Redwater Partnerships that was held by North West Refining; a CNRL subsidiary will continue to hold 50%; the deal also involved a renegotiation of the role in refining bitumen for the Alberta government regarding royalties paid by way of bitumen

+ Government of Canada enacted the Canadian Net-Zero Emissions Accountability Act; aimed at net zero by 2050 … is now the law in Canada; seems like a great goal, but very unclear what happens to the government doesn’t achieve the goal …

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  –  June issue, archived issues …

+ Mullen Group Ltd. acquired Quad/Graphics Inc. for US$40.0 million

+ Mullen Group Ltd. acquired R.S. Harris Transport Ltd.; terms not disclosed

+ NAME CHANGER: Calgary Catholic School board is renaming Bishop Grandin High School – interim name is Haysboro Catholic High School … and a deliberate renaming process is underway

+ Pieridae Energy Limited is examining strategic alternatives for its Goldboro LNG Project

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE May/June issue;  archived PROPERTYlines Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: up 5 to 475 this week; Canada: up 10 to 136 this week; full breakdown and international rig counts

+ SECURE Energy Services Inc. completed its merger with/acquisition of Tervita Corporation

+ TC Energy Corp. commenced a NAFTA claim regarding cancellation of the Keystone XL Presidential Permit; their action claims US$15.0 billion in damages … tic toc

+ Tidewater Midstream and Infrastructure Ltd. and TransAlta Corporation closed the sale of their jointly owned Pioneer Pipeline to ATCO Gas & Pipelines Ltd.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Avanti Energy Inc. is on the market to raise $4.08 million in equity

+ CAARY Capital Inc. closed $4.1 million equity raise

+ Clearford Water Systems Inc. closed US$3.2 million debt financings

+ Cozey closed $2.0 million equity raise

+ FOBI AI Inc. closed $7.42 million equity raise by private placement

+ GameSquare Esports Ltd. is on the market to raise $8.5 million in equity

+ Great Canadian Gaming Corporation closed US$350.0 million sr. secured debt raise

+ GreenFirst Forest Products Inc. is on the market to raise $167.5 million by way of rights offering

+ Just Kitchen Holdings Corp. closed $3.924 million in equity by private placement

+ Pet Valu Canada Inc. closed $316.25 million equity raise by IPO

+ SECURE Energy services Inc. closed $200.0 million sr. unsecured debt raise

+ Sun Life Financial Inc. closed $1.0 billion debt financing

+ Valeo Pharma Inc. closed $11.5 million equity raise

+ Wildpack Beverage Inc. closed $20.0 million debt financing

*editor’s note: names 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 …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ B.C. issued an RFQ for design and construction of a mass timber museum building; $224.0 million capital cost – project is at Colwood, near Victoria

+ British Columbia Utilities Commission approved FortisBC Energy Inc.'s Pattullo Gas Line Replacement Project; $175.4 million capital cost

+ PCL Construction is expanding in Quebec; they’ve opened a permanent office in Montreal and will operated in that province as Construction PCL




 SAVE THE DATE / upcoming events

+ July 9 – 18; Calgary Stampede, Stampede Park; here’s the Q + A ….

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Aug. 28; Enbridge Tour Alberta for Cancer; sign up for free, no minimums – cycle from anywhere and any distance – pedal for progress; info/register

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info/register

+ Oct. 20 -21; Calgary Real Estate Forum, virtual format; agenda/sponsor/register to attend

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list, call for presenters

+ Nov. 9-10; ISA, Calgary Show – Expo & Conference, Telus Convention Centre, Calgary; save the date / submit a paper (deadline is June 7) / conference brochure/register

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

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




INTERESTING TRENDS IN RETAIL ...

+ ACE Casinos is relocating its Calgary operation to a new facility near they airport, 72,000 sq. ft. facility to be branded ACE Casino Calgary Airport

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 this week in REITS + TRUSTS 

+ Nexus REIT closed a two-property $44.0 million sale/leaseback transaction in Calgary and Winnipeg with Valard Construction

+ Nexus REIT agreed to acquire a single tenant 189,625 sq. ft. property in Red Deer for $19.75 million

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication






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this site last updated May 6, 2025