FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alfred Bugge to Exec. VP, Mergers & Acquisitions @ MACH Inc.

+ Amber Marshall to 2019 Parade Marshal @ Calgary Stampede

+ Brian Frank to Director @ Bellatrix Exploration Ltd.

+ Chris Popp to Sr. Analyst, Finance and Accounting @ Nauticol

+ Cody Church to Director @ Bellatrix Exploration Ltd.

+ David Hoffman, Gen. Mgr. of CIBC Square @ Ivanhoé Cambridge and Hines JV

+ Deborah Stein to Director @ Aecon Group Inc.

+ Fernando Aguilar, Pres. & CEO @ Calfrac Well Service Ltd., retiring

+ Frances Donald to Chief Economist @ Manulife Asset Management

+ George Pretli to CFO & Corporate Secretary @ Leonovus Inc.

+ Ian Body to Exec. VP Major Projects @ Bird Construction Inc.

+ Ian Edwards to Interim Pres. & CEO @ SNC-Lavalin

+ Jason Storah to CEO @ Aviva Canada Inc.

+ Jean Raby to Director @ Fiera Capital Corporation

+ John Brace to Director @ Aecon Group Inc.

+ John Chambers to Director @ Altura Energy Inc.

+ Julie Bashnick to Account Mgr. @ FinneyTaylor Consulting Group Ltd.

+ Kim Connell to VP Project Development @ Clark Builders

+ Kristen Rennie to VP Land @ Tundra Oil & Gas

+ Lindsay Link to Pres. & COO, and Director @ Calfrac Well Services Ltd.

+ Mark Neufeld sworn in as Chief @ Calgary Police Service

+ Mark Smith to Director @ Bellatrix Exploration Ltd.

+ Matt Wolf to VP, Calgary @ Hill+Knowlton Strategies

+ Michael Duff to Director of Industrial, GTA @ Beedie

+ Michele Harradence to Sr. VLP & COO, Gas Transmission & Midstream @ Enbridge

+ Neil Bruce, Pres. & CEO @ SNC-Lavalin, retiring

+ Norman Steinberg to Director @ Fiera Capital Corporation

+ Ronald Mathison to Executive Chairman @ Calfrac Well Services Ltd.

+ Shawn Mandel to Chief Digital and Technology Officer @ Cineplex

+ Stephen Smart to Gen. Mgr. Vancouver @ Hill+Knowlton Strategies

+ Tanya Colasurdo to Director of Leasing @ Edon Management

+ Teresa Neto to CFO @ Granite REIT

+ Terrance McKibbon to Pres. & CEO @ Bird Construction Inc.

+ Thiloma Hofer to Director of Finance and Administration @ Prostate Cancer Centre

+ Timothy Rahilly installed as President and Vice-Chancellor @ Mount Royal University

+ Todd Dillabough to Director @ Bellatrix Exploration Ltd.

+ Wilhelmina Ashun-Codjiw to HR Director @ AECOM

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Future of work: how will talent acquisition change?

+ if you make cookies for your co-workers will you spread love around your office? Maybe not, but there would be cookies …

+ phone booths for open-plan installations




 QUOTES 

+ Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world. – Desmond Tutu

+ Don’t judge each day by the harvest you reap, but by the seeds you plant. – Robert Louis Stevenson




  KUDOS  

+ to Jennie Belzberg and family – for their donation to the Banff Centre to renovate the Eric Harvie Theatre,

+ to recipients of honourary degrees conferred by University of Calgary: Susanne Craig, Dr. T. Chen Fong, John Geiger, Diane Hunter and Douglas Hunger, Hal Kvisle, Dr. John Lacey, Dr. Vianne Timmons, Dr. Catharine Whiteside




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ ABS – Asset Backed Securities

+ 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

+ DAB – Development Appeal Board

+ DILBIT – diluted bitumen

+ 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

+ FEED – front-end engineering and design

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ IPO – Initial Public Offering

+ ISO – International Organization for Standardization

+ 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

+ ROFR – right of first refusal

+ 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


 weekly newsletter


current week data

this  site is refreshed with a new issue every Tuesday


updated June 11, 2019


 TODAY'S HEADLINES


HEADLINES: Bill 3 Carbon Tax Repeal | Calgary commercial property taxes | Global Petroleum Show opens today + John Kenny interview  + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher 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:

A recent conversation with Shannon Bowen-Smed, CEO @ Bowen Group

A recent conversation with Carol Kitchen, Pres. & CEO @ UFA (United Farmers of Alberta)

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



 sponsors of this week's issue:

Partner with us for your CSR or employee giving program, and join us in the global fight against avoidable blindness - e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



e-mail Lance Laliberte - Sales at PREMIERE OFFICE MOVERS
 
OFFICE MOVERS



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



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



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 


CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 20; Ambrose University 2019 Golf Classic, Glen Eagles, Cochrane; info/register

+ June 20; 26th Annual IFMA Calgary Open, Blue Devil Golf Club, Calgary; info/register

+ June 24; Special Olympics Calgary – 20th Annual Golf Classic; save the date / details coming soon

+ July 11; 17th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ July 16; Willow Park Charity Golf Classic, Willow Park G&CC, Calgary; info/details

+ Aug. 1; SAIT Centennial Golf Classic, Priddis Greens, Priddis; info/details

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Aug. 15; CHAS (Children;s Hospital Aid Society) 37th Golf Classic, Silver Springs Golf Club, Calgary; info/registration

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

~

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




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NEWS SUMMARY 
 June 4 ~ 11 


+ Alberta government watch: Bill 3 to repeal the carbon tax passed, signed into law by Lt. Gov.; a War Room with $30.0 million budget for quick response to counter attacks by groups opposed to Alberta’s energy industry

~~

+ Bellatrix Exploration Ltd. completed its recapitalization transaction

+ Calgary City Council approved a $60.0 million spend to ease commercial property taxes; funds already allocated of $71.0 million bring the total relief package of $130.9 million giving a 10% tax cut

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices still soft but expected to rise as Saudis indicate OPEC reduced production levels will be extended

+ GLOBAL PETROLEUM SHOW starts today at Stampede Park; program speakers

+ Group Mach Inc. made an offer for Transat AT Inc. in effort to outbid Air Canada pending takeover … tic toc

+ Mantralogix Inc. merging with MNP LLP

+ rig activity in Canada

+ rig counts – U.S.: down 9 to 975 this week; Canada: up 18 to 103 this week; full breakdown

+ Strad Energy Services Ltd. changes its name to Strad Inc.

+ TransMountain Pipeline expansion project: the Senate sent Bill C-69 back to parliament with 187 amendments which industry and Premier Kenny supports. Meanwhile a group of indigenous groups are lobbying to acquire and investment interest in TransMountain – no word on whether they have the financial capacity and management expertise required … tic toc




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Canadian Western Bank is on the market to raise $250.0 million in sub. debt

+ CIBT Education Group Inc. closes $12.0 million convertible debt financings

+ Exelerate Capital Corp. closed $450,000.0 equity raise by IPO by private placement

+ HLS Therapeutics Inc. closed $50.0 million equity financing

+ Mullen Group Ltd. is on the market to raise $110.0 million in convertible debt

+ Southern Energy Corp. completed $1.94 million equity raise by a rights offering

+ Summit Industrial Income REIT is on the market to raise $130.0 million in equity

+ Temple Hotels closed $37,533,494.0 equity raise by a rights offering

+ WELL Health Technologies Corp. is on the market to raise $10.5 million equity financing

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 TECH Corner ... 

+ self-driving trucks are the leading edge in self-driving vehicles; will tractors (the farm kind) be far behind?




 INTERESTING TRENDS IN RETAIL 


+ MTY Food Group Inc. agreed to acquire the Yuzu Sushi (132 units) in Quebec and New Brunswick; terms not disclosed

+ Richard Baker, Co-Exec. Chairman @ Hudson’s Bay Company led consortium made a $1.74 billion all cash bid to acquire HBC and take the company private; meanwhile HBC which also owns Saks Fifth Avenue and Lord & Taylor stores announce it is selling its German JV to Signa Retail Holdings for $1.5 billion

+ RoyOp launched marketing of Township, a 60 acre/300,000 sq. ft. retail development in Calgary’s Legacy community; construction starting his summer, completion/opening April 2021




 INTERESTING TRENDS IN INDUSTRIAL REAL ESTATE 


+ City of Calgary published a report on Landed Transportation Costs to Calgary




 INFRASTRUCTURE / P3  


+ Boralex Inc. commissioned its 10MW wind farm; their capacity in France is now 951MW

+ Connor, Clark & Lunn Infrastructure closed its acquisition of a majority interest in Bremner Trio Hydro Corp.

+ reports leaking out that ViaRail’s case is being pushed at Canada Infrastructure Bank by Trudeau government folks to fund ViaRail projects; seems like more political interference/pressure where not appropriate to this watcher … tic toc




 CONSTRUCTION NEWS + INNOVATION 

+ Edmonton Valley Line West LRT; $2.6 billion projects arrived at a three-consortia short list stage

+ for something completely different; NASA plans for Mars housing will be created by 3D printers sent to Mars … check out the photos and plan

+ Top Contractors 2019




 SAVE THE DATE / upcoming events

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ June 18; S&P Global Platts Calgary Oil & Energy Forum, Calgary Marriott Downtown, info/register

+ July 5 – 14; Calgary Stampede, Stampede Park; info/tickets

+ July 12; Oxford STOMP, Shaw Millennium Park; info/tickets available April 18th…

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 this week in REITS 


+ CAP REIT acquired 72 unit new rental project in Victoria for $26.5 million

+ Teresa Neto to CFO @ Granite REIT

+ H&R REIT closed the sale of The Atrium for $640.0 million

+ InterRent REIT agreed to acquire Hampstead Towers in Montreal for $38,360,000.0

+ NorthWest Healthcare Properties REIT closed its $1.2 billion acquisition of 11-property Australian hospital portfolio

+ RioCan REIT agreed to acquire a non-managing 50% interest in the Yonge Sheppard Centre in Toronto from KingSett Capital for $331.0 million

+ Summit Industrial Income REIT is on the market to raise $130.0 million in equity




 SHAREHOLDER MEETINGS

+ June 12; Canada Post, Annual Public Meeting, St. John’s, N.L.

+ June 13; Africa Energy Corp., Annual General and Special Meeting, Vancouver

+ June 13; Cap REIT, Annual Unitholders Meeting, Toronto

+ June 13; Dollarama, Annual Meeting of Shareholders, Montreal

+ June 14; Crescent Point Energy Corp., Annual General Meeting, Calgary

+ June 18; Eagle Energy Inc., Annual Meeting, Calgary

+ June 19; Street Capital Group Inc., Annual General Meeting, Toronto

+ June 20; Cliffside Capital Ltd., Annual General Meeting, Toronto

+ June 20; Globalive Technology, Annual General and Special Meeting, Toronto

+ June 25; Pembina Pipeline Corporation, Special Meeting of Preferred Shareholders, Calgary

+ July 5; Flow Capital Corp., Annual Special Meeting, Toronto

+ July 11; Emera Inc., Special Meeting of Shareholders, Halifax

~

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




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this site last updated May 6, 2025