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FACILITYCalgary May 6/25

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FACILITYCalgary
 published
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CONVERSATIONS

Mark Kolke visits with 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 Nancy Arab
 
Last week's conversation with Naum Shteinbah
 
 

Archived conversations 



SHAKERS AND MOVERS

 

+ David Hager to COO @ Devon Energy Corp.
+ Doug Suttles to Pres. & CEO @ Encana Corp.
+ Janet Davidson to Official Administrator @ Alberta Health Services
+ Kathryn Shailer to Provost & VP Academic @ Mount Royal University
+ Keith Sherin to CEO @ GE Capital
+ Laura Dottori-Attanasio to Chief Risk Officer @ CIBC
+ Lee Tillman to CEO @ Marathon Oil Corp., to replace Clarence Cazalot who is retiring
+ Lynn Patterson to Special Advisor to the Governor @ Bank of Canada
+ Mark Massing to Sr. Director, Leasing @ Strategic Group
+ Paige O’Neill to Gen. Mgr. @ Chinook Centre
+ Richard Nesbitt to COO @ CIBC
+ Robert Chepelsky to Managing Dir. & Product Mgr. @ Manulife Asset Management
+ Terrance McKiobbon to Pres. & CEO @ Aecon Group Inc.
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



FINANCINGS - proposed & closed

 

+ Archer Petroleum Corp. is on the market to raise $1,000,000 in equity
+ Argent Energy Trust closed $11,250,000 over-allotment of its recent convertible debt financing
+ Birchcliff Energy Ltd. closed $50 million preferred share issue
+ Bonterra Energy Ltd. is on the market to raise $24 million in new equity
+ Crescent Point Energy corp. closed $306,150,000 debt financings
+ Crocotta Energy Inc. closed $21,983,000 flow-through share offerings
+ Dixie Energy Trust is on the market to raise $12 million in equity
+ Dundee REIT closed $175 million sr. unsecured debt financing
+ Gibson Energy Inc. is on the market to raise $1,250,000,000 to replace its credit facilities
+ Karnalyte Resources Inc. is on the market to raise US$ 300 million in debt financing
+ Manulife Financial Corporation is on the market to raise $200 million in a preferred share issue
+ Niko Resources Ltd. closed  US$63.5 million sr. unsecured debt financing
+ Tom Woods to Vice-Chairman @ CIBC
+ Tricon Capital Group closed US$50 million credit facility



 SHAREHOLDER MEETINGS

 

+ June 20; Karnalyte Resources Inc., Annual and Special Meeting, Okotoks
+ June 20; Kulczyk Oil Ventures Inc., Annual General and Special Meeting, Calgary
+ June 20; Winstar Resources Ltd., Special and General Annual Meeting, Calgary
+ June 24; Armtec Infrastructure Inc., Annual and Special Meeting of Shareholders, Guelph
+ June 24; Economical Mutual Insurance Company, Annual Meeting of Members, Kitchener
+ June 25; Mobilicity (Data & Audio-Visual Enterprises Holdings Inc., Debtholders Meeting, Toronto
+ June 25; TriOil Resources Ltd., Annual General and Special Meeting, Calgary
+ June 26; KEYreit, Special Meeting, Toronto
+ June 27; Manulife Canada Ltd., Annual and Special Meeting, Toronto
+ July 30; Madalena Ventures Inc., Annual and Special Meeting of Shareholders, Calgary
+ Aug. 12; Genesis Land Development Corp., Annual General Meeting, Calgary
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



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 KUDOS

 

+ to Alliance Pipeline – donated $40,000 to buy a new transport van for  Camp He Ho Ha
 
+ to George Papandreou – former Prime Minister of Greece – for his Ted Talk which takes a refreshingly candid view of changing political realities in Europe and elsewhere



 SAVE THE DATE / upcoming events

 

 

+ June 17-18; Supply Chain Contracts for Energy Conference; Marriott Downtown, Calgary info/register 
+ Oct. 16; 32nd Annual National Ernest C. Manning Innovation Awards Gala, TELUS Convention Centre, Calgary tickets/sponsorship
+ Oct. 17; 2nd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre
+ Nov. 5-6; 14th Annual Buildex Calgary, BMO Centre, Calgary info/register/sponsor
+ Nov. 14-16; Greenbuild Conference, San Francisco info/register
+ Dec. 4; OPEC – 164th Ordinary Meeting, Vienna
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 QUOTES

 

“A man always has two reasons for the things he does – a good one, and the real one.” – J.P. Morgan



SOME THINGS DON'T ADD UP

 

+ Health Minister Fred Horne said the decision to replace the Alberta Health Services Board was not pre-planned, but when they made a decision he (and presumably the Premier) didn’t like, yes he was able to immediately name an appointee to take over. Considering how long it usually takes to recruit and on-board any employee, his story that it wasn’t pre-planned defies credulity. It would seem to me, if you make such a dramatic decision as an essential decision, it would make sense to spin it as ‘planned’ rather than ‘not-planned’. Truth, obviously, is the first victim in a new era for health care in Alberta . . . stay tuned.

NEWS TODAY 
 June 18 / 2013 


 

+ Alberta Securities Commission issued a cease trade order on Papa Chocolat Distribution Inc.
+ Brookfield Asset Management Inc. agreed to sell of $3.68 billion in lumber assets
+ current energy prices: live link to Bloomberg.com commodities data ; European financial markets and political situation making markets nervous
+ G8 conference yielding side deals; US and EU trade deal negotiation process, undermining Canada-EU talks . . . stay tuned
+ Integrated Pipeline Projects Canada Ltd. changed their name to UniversalPegasus International
+ investor nervousness continues – concern over U.S. economic recovery, unsettling signals from Fed. Chair Bernanke – new PIMCO article discusses
+ Madalena Ventures Inc. engaged advisors to seek out JV partners
+ Montreal Mayor Michael Applebaum arrested on fraud charges as Quebec corruption probe continues . . .
+ pipeline issues remain hotbed of political chatter; premiers of eastern provinces happily cooperating on east coast option, BC’s Cark warming up on west coast options while Federal gov’t review of Northern Gateway continues – setting the stage for a summer of politicians attending bbq’s, golf tournaments and pancake breakfasts to reinforce the reality that U.S. refineries are heavily invested in/already re-tooled to handle Canadian heavy oil; on balance the Keystone approval is looking stronger rather than it was a while ago. The Conference Board of Canada report that pipeline uncertainty is a threat to the oil and gas sector – which doesn’t square with what industry people are telling me
+ Stephen Poloz, Governor of the Bank of Canada speaking tomorrow – speech embargoed until 12:25 ET, then posted here
+ Talisman Energy Inc. reported to be exploring sale of Eagle Ford shale assets through advisors RBC; could raise us to $2 billion
+ True North Commercial REIT consolidated units & got approval for listing on the TSE



 NEWS REVIEW 
 June 11 - 17


 

+ Alberta Government sacked the Health Services board – overriding a decision to fulfill contractual obligations to senior staff, bonuses which will likely be paid by government just the same – and the health services mess continues to defy logic as politics over-ride sound decision making
+ Alberta’s Energy Regulator announced board member and full-time hearing commissioners
+ ATB Financial – Daily Economic Comment
+ Bank of Canada released its June issue of Financial System Review 
+ Canadian Oil Forecast – highlights challenges facing industry
+ Cenovus Energy Inc. agreed to sell $240 million on Saskatchewan oil assets to Surge Energy Inc.
+ Conference Board of Canada report predicts 1.8% growth in the Canadian economy this year, 2.5% in 2014 – but outlook tied closely to rebound in the U.S. economy
+ DundeeWealth, the financial network Scotiabank bout last year from Dundee, re-branding as HollistWealth
+ Enbridge Northern Gateway Project – oral final arguments began in Terrace
+ European banking volatility; Bank of Scotland CEO stepped down, Deputy Governor of Bank of England resigning, protests in Greece and Turkey shaking confidence in banks and governments . . .
+ Gas & Oil Expo 2013 – largest ever with 25,000 registrants, 4,000 exhibitors, 29,000 attendees – up more than 30% since 20111; organizers announced this will be the last bi-annual event, starting in 2014 the Global Petroleum Show will be an annual event replacing the Gas & Oil Expo
+ Kinder Morgan’s TransMountain pipeline experiences a leak near Merritt, B.C.
+ Mobilicity terminated its deal to sell to Telus
+ Sobeys Inc. agreed to acquired Canada Safeway for $5.8 billion, Crombie REIT to likely acquire real estate assets . . . while industry now focuses on Overwaitea (Pattison Group) as next takeover target as competition from Walmart and Target grows
+ Temple Hotels Inc. sold its remaining 15.7% interest in Holloway Lodging Corporation
+ TransCanada Corporation’s application for toll restructuring on its Canadian Mailine rejected byt National Energy Board – reasons not yet published
+ United Protection Security Group Inc. and United Protection Services Inc. went into bankruptcy; Meyers Norris Penny LLP is trustee



 Mark Kolke on YouTube:

discusses office leasing

Calgary market outlook 2013 

discusses FACILITYCalgary



 INFRASTRUCTURE / P3 / GREEN


 

+ BNY Mellon selected to finance $2.1 billion for Rideau Transit  for construction of the Confederation Line, a light rail project in Ottawa



 SAVE THE DATE /
charity golf tournaments

+ June 21; 5th Annual Women Empowering Women, Douglasdale Golf Course, info/register
+ July 2; Play With The Presidents/Calgary Chamber of Commerce, Priddis Greens, info/register
+ July 11; COAST Hotels 11th Annual Golf Classic, Westwood Plateau, G & CC, Coquitlam info/register
+ Aug. 15; Ordinary Joe’s Country Golf Tournament, Sirocco Golf Club, info/registration
+ Aug. 20; Alberta Venture’s 2013 Most Influential Tournament, Silvertip Golf Resort, Canmore, info/register
+ Aug. 26; Women’s Celebrity Golf Invitational, Pinebrook Golf and Country Club, info/registration
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]



FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ Iron Mountain plans to convert itself to a REIT is facing difficulty with tax regulators
+ Ivanhoé Cambridge to spend $20 million on modernization project, Rockhill Apartments, in Montreal
+ Manulife Real Estate acquiring portfolio of 5 Quebec commercial properties from Redbourne Realty Fund, for $75.9 million
+ Agellan Commercial REIT closed $18.25 million acquisition of Houston office building; National Oilwell Varco is lead tenant
+ Sears Canada Inc. selling its leases back ($191 million paid to Sears) to surrender space upon landlord demand at Yorkdale in Toronto and Square One Shopping Center in Mississauga
+ Toronto’s historic concert venue, Masonic Temple traded; Info-Tech Research Group acquired it from Bell Media



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this site last updated May 6, 2025