FACILITYCalgary

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

FACILITYCalgary May 6/25

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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 Doug McGregor , Sr, VP Special Projects @ ARTIS REIT

This week's conversation with Don Tull , Pres. @ Tull Properties and Custom Metal Contractors

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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Bradley Grant to VP & General Counsel @ AltaGas Ltd.

+ Brian Dozzi to VP Engineering @ Gear Energy Ltd.

+ Curtis Hartzler to VP Bus. Dev. @ Forent Energy Ltd.

+ Dan Turpin to Pres. @ University of Alberta

+ Darcy Campbell to CFO @ ATK Oilfield Transportation Inc.

+ David Fitzpatrick to Pres. & CEO @ Veresen Midstream

+ Jack Mintz, Founder, Director and Palmer Chair @ University of Calgary School of Public Policy, stepped down

+ Jack Mintz to President’s Fellow @ University of Calgary School of Public Policy

+ Jeff Burchell to Managing Dir. @ Gluskin Sheff + Associates Inc.

+ Jim Churche to VP Stakeholder Relations @ AltaGas Ltd.

+ Michael Halpen to VP & Corp. Secretary @ AltaGas Ltd.

+ Mike Crawley to Exec. VP, Bus. Dev. @ Northland Power Inc.

+ Obie Erikson to Pres., Britco @ WesternOne Inc.

+ Paul Taylor to Pres. & CEO @ Western Financial Group

+ Robyn Lore to Pres. & CEO @ Forent Energy Ltd.

+ Sean Durfy, Pres. & Chief Development Officer @ Northand Power Inc., stepping down

+ Tit Khuen Pang, CFO @ AMG Bionenergy Resources Holdings Ltd., resigned




BOARDROOM changes, purges, appointments etc.

+ Curtis Hartzler to Director @ Forent Energy Ltd.

+ David Emerson to Chair @ Asia Pacific Foundation of Canada

+ Dr. Murray Lytle to Member @ National Energy Board

+ Greg Hancock to Non-Exec. Director @ Strata-X Energy Limited

+ John Beck to Director @ PPP Canada

+ Kenneth Green to Director @ Americas Petrogas Inc.

+ Lulu Yan, Director @ Cadillac Ventures Inc., resigned

+ Martin Hislop to Director @ Forent Energy Ltd.

+ Matthew Marquardt, Director @ Titan Logix Corp., resigned

+ Robyn Lore to Chairman @ Forent Energy Ltd.

+ Ronald Boire, CEO @ Sears Canada

+ Ronald Boire to CEO @ Barnes & Noble

+ Stephen Tobias, Director @ Canadian Pacific, stepped down

+ Tit Khuen Pang, Director @ AMG Bionenergy Resources Holdings Ltd., resigned




 SAVE THE DATE / upcoming events

+ July 3-12; Calgary Stampede 2015 - tickets now on sale

+ Sept. 28-29; 10th Annual Pipeline Development & Expansion Conference, Houston; agenda - info/register

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

+ Oct. 27 – 30; 28th Annual Gastech Conference & Exhibition, Singapore info/registration

+ Oct. 29; 2015 Economic Developers Alberta - Ministry Dinner, Matrix Hotel, Edmonton, info/register

Oct. 29-30; IEDC Workforce Development Strategies, Matrix Hotel, Edmonton; info/register

+ Feb. 26/2016; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Feb. 26/16; BUILDEX Vancouver, Vancouver Convention Center, Vancouver


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



 SAVE THE DATE / GOLF TOURNAMENTS


+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam; info/register

+ July 14-16; Willow Park Charity Golf Classic, Willow Park Golf & CC, Calgary donate/register

+ Aug. 13; 10th Annual CREW Golf Tournament, Sirocco Golf Club, Calgary; info/register

+ Aug. 17; 16th Annual Special Olympics Calgary Golf Classic, Country Hills GC .. details later

+ Aug. 20; 17th Annual CREB Charitable Foundation, Building Hope Charity Golf Tournament, Blue Devil Golf Club, Calgary




INTERESTING REAL ESTATE NEWS, other places


+ Chartwell Retirement Residences agreed to acquire The Grenadier Retirement Residence in Toronto; 257 retirement suites and 66,880 sq. ft. of commercial space for $85 million

+ Charwell Retirement Residences solds its U.S. subsidiary to a JV – HCP Inc. and Brookdale Senior Living Inc. for US$333 million

+ Edgefront REIT agreed to acquire two industrial properties (Kelowna & Barrie) for $16 million and sold an office property (Miramichi) for $5.65 million

+ InnVest REIT agreed to acquire interests in two properties (Hotel Saskatchewan, Regina & Courtyard/Marriott, Downtown, Toronto) for $42 million

+ Medical Facilities Corporation closed the sale of its 65% interest Aberdeen, South Dakota surgical hospital; proceeds US$24 million

+ Slate Office REIT closed its acquisition of 14 properties (Atlantic Canada) from Fortis Properties Corporation for $430 million

+ Temple Hotels Inc. agreed to sell the Hotel Saskatchewan for $38 million

+ VINCI Park formed a partnership in BC with WestPark Parking Services Inc.




 OIL SANDS NEWS 

+ SilverWillow Energy Corporation has agreed to be acquired by Value Creation Inc.


FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated ... July 7, 2015




 TODAY'S HEADLINES


CPA accounting designation | Black Swan bought Carmel Bay | Canada in recession | Crescent Point buying spree | crude price slip | GOA $1.1 billion surplus | Greek chaos +  Doug McGregor interview | upcoming events & corp. meetings + climate change & infrastructure news + lots of REIT news +  financings + executive and board appointments >>>>




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 SHAREHOLDER MEETINGS

+ July 21; Sunshine Oilsands Ltd., Special General Meeting, Hong Kong

+ July 27; Mapan Energy Ltd., Annual and Special Meeting of Shareholders, Calgary

+ July 28; Pacific Rubiales Energy Corp


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



 QUOTES

+ Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless. – Milton Friedman

+ It is a universal principle that you get more of what you think about, talk about and feel strongly about. – Jack Canfield




 CLIMATE CHANGE / ENVIRONMENT
 IN THE NEWS 

+ Alberta Innovates – Energy and Evnironmental Solutions announced $1.5 million in funding across six new energy storage projects




 KUDOS

+ to Bentall Kennedy (Canada) LP’s Calgary team, winners at BOMA International Conference in Los Angeles – Outstanding Building of the Year Award (TOBY) in the Industrial Office Building Category, won for Rangewinds Business Park




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NEWS SUMMARY 
 June 30 - July 7 


+ accounting organizations have united; CPA (Chartered Professional Accountant) new designation replaces CGA, CMA and CA

+ Argent Energy Trust closed its US$20 million sale of Oklahoma & Kansas assets

+ ATB – daily economist’s outlook

+ Bank of Canada Issued its summer issues of Business Outlook Survey and Senior Loan Officer Survey

+ Black Swan Energy Ltd. closed its $200 million acquisition of Carmel Bay Exploration Ltd.

+ BP agreed to a final settlement with U.S. regulators of US$18.7 billion, which brings its total pain on the 2011 Gulf of Mexico Deepwater Horizon project to US$53.8 billion

+ Calgary Stampede is in full swing .. yahoo! … yippee … and endless pancake breakfasts as Calgarians dress western and party like there was something to party about; rodeo, chuckwagon races, Western Showcase Art, animal exhibits and too much to mention it all here, and entertainment everywhere …

+ Calloway REIT changed its name to SMARTREIT

+ Canada in recession according to TD Bank

+ Chevron Canada Ltd. is restructuring; likely loss of 130 jobs in Calgary

+ Crescent Point Energy Corp. agreed to acquire Coral Hill Energy Ltd. for $258 million

+ Crescent Point Energy Corp. closed its $1.53 billion acquisition of Legacy Oil + Gas Inc.

+ Cross Country Pipleine Supply Co. Inc. acquired Sideline Specialty Equipment

+ current energy prices – live link to Bloomberg energy prices ; crude prices down 8% yesterday on convergence of worry factors: Iran, slowing Chinese demand, Greek crisis and buoyant supply numbers …

+ Endurance Energy Ltd. agreed to acquire StonePoint Energy Inc.

+ First Asset Canadian REIT Income Fund is converting to an exchange traded fund

+ Government of Alberta posted its 2014-15 Year End results online; surplus was $1.1 billion

+ Greek economic crisis continues to loom large on European markets; a referendum NO vote by Greek citizens signals a likely exit from the Euro, but does not signal an easy road for a bankrupt country … a long row to hoe, and potential domino effect for other struggling economies, banks, European Union … tic toc

+ Husky Energy is shutting down its Lloydminster Upgrader for maintenance, estimated to be six-eight weeks

+ Iona Energy Inc. agreed to sell its interest in Esmond Transportation System for US$2.0 million

+ Magellan Petroleum Corporation engaged advisors to explore stratetgic alternatives

+ Murphy Oil was ordered to shut down 16 wells by the Alberta Energy Regulator due to infractions in handling gas which was not adequately being captured and/or flared; further inspections identified problems at 17 more wells .. tic toc ..

+ Order of Canada; on July 1st, 100 new appointees to the order – five of them Calgarians: Blake Brooker, Wayne Chiu, Jim Dinning, Kathryn Hannah, Jack Mintz, Mary Rozsa de Coquet

+ Quicksilver Resources Canada Inc. got NEB approval for its LNG export licence (733 billion cubic metres/25 yrs)

+ SilverWillow Energy Corporation has agreed to be acquired by Value Creation Inc.

+ Veresen Inc.’s Jordan Cove LNG export facility to be delayed by up to a year by U.S. regulatory delays

+ VINCI Park acquired WestPark Calgary




FINANCINGS - proposed & closed

+ Bayshore Petroleum Corp. closed $259,200 tranche of its equity financing

+ Forent Energy Ltd. closed $2.2 million equity financing

+ Georox Resources Inc. closed $374,500 common share & warrants issue

+ Great Prairie Energy Services Inc. is on the market to raise $5 million in unsecured debt

+ InnVest REIT is on the market to raised $42 million in equity

+ Junex Inc. closed $5,041,122 equity financing

+ Lightstream Resources Ltd. closed US$465 million unsecured sr. notes issue

+ PHX Energy Services Corp. closed $35 million equity financing

+ Tethys Petroleum Limited secured US$47.7 million equity financing

+ Tethys Petroleum Limited secured US$5 million convertible debt financing

+ Tricon Capital Group Inc. secured US$235 million credit facility




 this week in REITS 


+ Calloway REIT changed its name to SMARTREIT

+ CAP REIT closed its acquisition of two properties (Langley & Victoria) in BC; 140 suites for $18.1 million

+ Chartwell Retirement Residences agreed to acquire The Grenadier Retirement Residence in Toronto; 257 retirement suites and 66,880 sq. ft. of commercial space fro $85 million

+ Charwell Retirement Residences solds its U.S. subsidiary to a JV – HCP Inc. and Brookdale Senior Living Inc. for US$333 million

+ Edgefront REIT agreed to acquire two industrial properties (Kelowna & Barrie) for $16 million and sold an office property (Miramichi) for $5.65 million

+ First Asset Canadian REIT Income Fund is converting to an exchange traded fund

+ InnVest REIT agreed to acquire interests in two properties (Hotel Saskatchewan, Regina & Courtyard/Marriott, Downtown, Toronto) for $42 million

+ InnVest REIT is on the market to raised $42 million in equity

+ PRO REIT closed $40.5 million seven property (Maritimes & Ontario) acquisition

+ Slate Office REIT closed its acquisition of 14 properteies (Atlantic Canada) from Fortis Properties Corporation for $430 million




 INFRASTRUCTURE / P3 / GREEN


+ Jasper National Park will get $210 million in Federal Government investment over five years; also, $500 million will be spend on highway infrastructure in the Rocky Mountain national parks

+ John Beck to Director @ PPP Canada

+ Suncor Energy and Aamjiwnaang First Nation formed Suncor Adelaide Wind LP; Aamjiwnaang First Nation has 25% interest in Adelaide Wind Power Project (40 MW wind power project near Strathoy, ON


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this site last updated May 6, 2025