FACILITYCalgary

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FACILITYCalgary June28/22

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 MARK KOLKE'S CONVERSATIONS

Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Greg Liakopoulos , Partner @ Bennett Jones LLP
 
Last week's conversation with Mark Stephenson , Vice President @ INFORMA Canada
 

Archived conversations 



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 Mark;s OFFICE LEASE pick of the week:

+ available for spring 2015 occupancy – up to 51,800 sq. ft. – new office building in NW Calgary. The NW has been chronically underserved when it comes to high quality office space.  Floor plates are 17,000 sq. ft.; good parking ratio. Developer is the Telsec Group. For information on this or any other property: kolke@markkolke.com or call 403-444-6939



 SHAREHOLDER MEETINGS

 

+ June 17; Armtec Infrastructure Inc. , Annual Meeting of Shareholders, Toronto
+ June 17; Leader Energy Services Ltd. , Annual Meeting, Calgary
+ June 18; Northern Frontier Corp., Annual General and Special Meeting of Shareholders, Calgary
+ June 18; Savanna Energy Services , Annual Meeting, Calgary
+ June 19; Arsenal Energy Inc. , Annual Meeting, Calgary
+ June 19; Canadian Energy Services & Technology Corp. , Annual Meeting, Calgary
+ June 24; Pengrowth Energy Corporation , Annual Meeting, Calgary
+ June 25; Royal Host Inc. , Special Meeting, Approve Merger Arrangement, Toronto
+ June 30; CMQ Resources Inc. , Annual and Special Meeting of Shareholders, Calgary
+ July 15; Partners REIT, Annual and Special Meeting of Unitholders, Toronto
+ Sept. 24; Bengal Energy Inc. , Annual Meeting, Calgary
+ Sept. 30; Shoreline Energy Corp. , Annual Meeting, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

+ June 16 – 19; 21st World Petroleum Congress, Moscow
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
+ Oct. 23; Calgary Real Estate Forum , TELUS Convention Centre, Calgary
+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
 
[send event notices to:  kolke@facilitycalgary.com ]



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

 

+ Alister Cowan, CFO @ Husky Energy, resigned
+ Alister Cowan to CFO @ Suncor Energy Inc.
+ Cheryl Edmunson to VP Sales & Distribution, Western Canada @ Economical Insurance
+ Darren Greer to Pres. International @ High Arctic Energy Services Inc.
+ Dorothy Sanford to Pres. @ Mutual Fund Dealers Association Investors Protection Corporation
+ Erika Tse to Chief Legal Officer & VP Human Resources @ Glentel Inc.
+ George Armoyan, Pres & CEO @ Clarke Inc., stepping down
+ Jason Dranchuk, CFO @ Zargon Oil & Gas Ltd., resigned
+ Jeffrey Sarfin, CFO @ The Westaim Corporation, retired
+ Jeremy Rudin to Superintendent of Financial Institutions @ Government of Canada
+ Ken Toews to VP Development @ Strategic Group
+ Marvin Romanow to Exec. In Residence, Edwards School of Business @ University of Saskatchewan
+ Michael Keaveney to Dir. Of Investment Mgmt. @ Morningstar Investment Management
+ Michael Rapps to Pres. & CEO @ Clarke Inc.
+ Peter Watson to CEO @ National Energy Board
+ Ravi Saligram to CEO @ Ritchie Bros. Auctioneers
+ Robert Kittel to Interim CFO @ The Westaim Corporation
+ Teri McKibbon to Pres. & CEO @ Aecon Group Inc.
+ Tim Braun to CEO @ High Arctic Energy Services Inc.
 
[send us your appointment notices  kolke@facilitycalgary.com ]



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Chris Seaver to Chairman @ McCoy Corporation
+ Earl Hickok to Director @ Questerre Energy Corporation
+ George Armoyan to Exec. Chairman @ Clarke Inc.
+ John Beck to Executive Chairman @ Aecon Group Inc.
+ Kathy McGarrigle to Director @ Glentel Inc.
+ Kerry Brown, Chairman @ McCoy Corporation, stepped down
+ Peter Watson to Chair @ National Energy Board
+ Walter Chayka to Director @ Hyduke Energy Services Inc.



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Temple Hotels Inc. agreed to acquire two Days Inn hotels in Thunder Bay, ON for $26.5 million
 
+ WPT Industrial REIT agreed to acquire a 127,800 sq. ft. distribution facility in Hebron, Kentucky for US$ 5.5 million
 
+ H & R REIT and Tishman Speyer formed a 50/50 JV to acquire a site in Long Island City, NY for development of 1.2 million sq. ft. mixed-use development
 
+ UGL of Australia agreed to sell its property management business to a consortium led by Ontario Teachers’ Pension Plan for US$1.15 billion



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 QUOTES

 

“What is a cynic? A man who knows the price of everything and the value of nothing.” – Oscar Wilde
 
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” - Aristotle



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FINANCINGS - proposed & closed

 

+ Artisan Energy Corporation closed $5.06 million convertible debt financing
+ Arsenal Energy Inc. is on the market to raise $6.5 million in equity
+ Chemtrade Logistics Income Fund is on the market to raise $126.5 million in unsecured subordinated debt
+ Cordy Oilfield Services Inc. secured $12.5 million debt financing
+ CUBC closed its $400 million preferred share offering
+ Gibson Energy Inc. is on the market to raise $300 million in sr. unsecured debt
+ Gibson Energy Inc. is on the market to raise US$50 million in sr. unsecured debt
+ High Arctic Energy Services Inc. closed its $25 million equity financing
+ Hyduke Energy Services Inc. closed $3.8 million equity financing
+ InPlay Oil Corp. secured $19.5 million equity financing
+ InterOil Corporation secured a US$300 million credit facility
+ PanTerra Resource Corp. is on the market to raise $130 million in equity
+ Tanager Energy Inc. is on the market to raise $600,000 in equity
+ Trude North Apartment REIT closed $20 million debt financing
+ Veresen Inc. is on the market to raise $200 million in sr. secured debt
+ Zaio Corporation is on the market to raise $5 million in equity



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 TODAY'S HEADLINES


 

Northern Gateway pipeline decision today | FLOOD alert for southern Alberta rivers | OSUM buying Orion | Russia puts Ukraine on C.O.D. for gas | Canadian Banks stress test | RBC Outlook boasts Alberta economy | Encana selling Bighorn properties | Herman Miller re-invents workplace planning | Global Petroleum Show spectacle  | conversation with Greg Liakopoulos + new financings >>>>

NEWS SUMMARY 
   June 10 - 17 / 2014  


 

+ Alberta land sales last week brought in $8.72 million
+ AltaGas Ltd. completed construction of its 195KW Forrest Kerr run-of-river hydro project; to be commissioned in July
+ Apollo Global Management LLC in talks to acquire $1.8 billion in Bighorn properties from Encana Corporation
+ ATB Financial – THE OWL … Daily Economic Comment
+ AutoCanada acquiring 6 Calgary auto dealerships; Hyatt Group and affiliates
+ Aveda Transportation and Energy Services Inc. agreed to acquire rig moving assets from Precision Drilling Corp.; US$24 million
+ Bank of Canada released its Financial System Review
+ Baytex Energry Corp. closed its $2.8 billion acquisition of Aurora Oil & Gas Limited
+ Calgary Parking Authority, finally, is planning to increase parking capacity downtown; plan is to add 6,500 new stalls over the next 10 years
+ Chinook Energy Inc. agreed to sell its Tunisian assets for US$127.7 million
+ current energy prices: live link to Bloomberg.com commodities data ; crude passed US$ 113/barrel over Iraq violence and uncertainty of supply, then retreated pushing oil stocks down
+ CWC Energy Services Corp. increased its 2014 CapEx Budget to $17.8 million
+ flood warnings have been issued for southern Alberta watersheds because of heaving rains in mountain and foothills areas
+ GPS … Global Petroleum Show and the Heavy Oil Conference hosted 65,000+ oil & gas industry visitors, thousand of exhibitors, awesome event; if you haven’t been to one, make sure you check it out next year!
+ Herman Miller launched its Living Office planning framework re-inventing how we office
+ Kelt Exploration Ltd. agreed to acquire $165 million in Montney assets
+ Legacy Oil + Gas Inc. closed its acquisition of Highrock Energy Ltd.
+ Longreach Oil And Gas Limited is changing its name to PetroMaroc Corporation plc
+ Maxim Power (B.C.) Inc., being sold for $4.5 million
+ Niko Resources Ltd. got approval from the Government of Trinidad and Tobago for its sale of an equity state in an exploration block to BG Group for $62 million
+ Northern Gateway pipeline; Enbridge’s $7.9 billion project to carry oil sands heavy crude to the west coast hinges on Harper government approval, or not, due today, following what has been a lengthy and grueling regulatory process; ongoing resistance by environmental and aboriginal groups along the pipeline route means the project won’t be a slam-dunk or easy for the government. Approval will give considerable relief to Albertans, the Alberta government and oil sands producers …. tic toc
+ North Hill Shopping Centre – Sears site to be redeveloped as residential towers by Concord Pacific Group
+ Osum Oil Sands Corp. agreed to acquire the Orion oilsands project from Royal Dutch Shell plc for $325 million
+ Pacific Future Energy Corporation announced intention to develop $10 billion bitumen refinery project for B.C. north coast
+ PanTerra Resources Corp. agreed to acquire a portfolio of Alberta & BC natural gas assets for $120 million
+ Pason Systems Inc. former a JV with Rawabi Holding Company Limited; to pursue opportunities in Saudi Arabia
+ Paramount Resources Ltd. closed its acquisition of MGM Energy Corp.
+ Passport Energy Ltd. and Amarok Energy Inc. agreed to combine; new entity to be Powder Mountain Energy Ltd.
+ RBC projects Alberta’s GDP for 2014 at 3.7% - says we are in a class of our own
+ Russian cut off supply of natural gas to the Ukraine claiming US$4 billion of arrears, putting Ukraine on C.O.D. terms for purchases … while insisting Ukraine continue to allow gas to flow through their country to European customers; markets are nervous
+ SECURE Energy Services Inc. consolidated all its operating entities under the SECURE brand
+ Talisman Energy Inc. is reported to be near a US$4 billion deal to sell Asian assets
+ Williams Cos. Inc. agreed to acquire Access Midstream Partners LP for US$3 billion



 INFRASTRUCTURE / P3 / GREEN


 

+ Metro Vancouver opened its new $100 million untraviolet disinfection facility to treat water from the Coquitlam watershed
 
+ City of Calgary flood restoration, river bank enhancements proceeding on schedule; project to divert Elbow River via a tunnel from about Glenmore dam to downstream Bow River still under consideration, but Government of Alberta is waffling now that a budget cost of $500 million has come in … tic toc



 KUDOS

 

+ to Canadian Pacific – for sponsoring the purse ($210,000) at Spruce Meadows for the Canadian Pacific Grand Prix and donating $120,000 to benefit youth heart health
 
+ to WestJet, making its inaugural transatlantic flight – commencing service to Dublin, Ireland from Toronto
 
+ to Abugov-Kasper Architecture – celebrating their 25th Anniversary!



 CHARITY GOLF TOURNAMENTS 


 

+ June 19; 9th Annual CREW Calgary Golf Tournament – save the date
+ June 21; 10th Annual Local 496 Plumbers & Pipefitters Charity Golf Classic, in support of Fresh Start Recovery Centre; McKenzie Meadows – register/sponsorships
+ June 23; 25th Annual 65 Roses Ladies Golf Classic sponsored by Gibsons, Earl Grey Golf Course, Calgary info/register
+ June 23; 3rd Annual Swing Into Summer Charity Tournament in support of the RCMP Foundation, Sirocco Golf Club, Calgary info/registration
+ June 25; 18th Annual Jack Carter/Rotary Stay In School Golf Classic, Silvertip, Canmore; info /register – email to: mailto:stayinschool@rotaryclubofcalgary.ca
+ July 10; Coast Hotels 12th Annual Golf Classic, Westwood Plateau, Coquitlam, BC info/register
+ Aug 18; Special Olympics Calgary Golf Classic, Country Hills Golf & Country Club – save the date
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]



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