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FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Ahmed Kachenoura to Co-Head, Global Equities @ Royal Bank of Canada

+ Alaina Tennison to CFO @ PricewaterhouseCoopers LLP

+ Bob Hawkesworth to VP Partnerships and Community Dev. @ CHE Power Structures

+ Bobby Grubert to Co-Head, Global Equities @ Royal Bank of Canada

+ Brian Malkinson to Minister, Service Alberta @ Government of Alberta

+ Chris Dulny to Chief Innovation Officers @ PricewaterhouseCoopers LLP

+ Curtis While to Director @ East West Petroleum Corp.

+ Dale Miller to COO @ Hillcrest Petroleum Ltd.

+ Danielle Larivee, Minister of Children’s Services adds Minister Responsible for the Status of Women @ Government of Alberta

+ Denis Ricard to Pres. & CEO @ Industrial Alliance Insurance and Financial Services Inc.

+ Doug Colbeth, Director & Chairman @ Kinaxis Inc., retired

+ Greg Guyatt to CFO @ GreenSpace Brands Inc.

+ Greg Mills, Head of Global Equities @ Royal Bank of Canada, retiring

+ Greg Owens, Group Pres. @ Ritchie Bros. Auctioneers, resigned

+ Ian Giffen to Chairman @ Kinaxis Inc.

+ Joel Silver, CEO @ Davids Tea, resigned

+ Jonathan Gitlin to COO @ RioCan REIT

+ Kristian Knibutat to COO @ PricewaterhouseCoopers LLP

+ Lana Paton to National Managing Partner, Business Units @ PricewaterhouseCoopers LLP

+ Laurel Buckner to Director @ TeraGo Inc.

+ Mark McMorris to 2018 Parade Marshal @ Calgary Stampede

+ Martin Sparrow to Director, Architecture @ Arney Fender Katrsalidis

+ Massimo Spoletini to Pres. @ Concrete Alberta (Alberta Ready-Mix Concrete Association)

+ Matthew Wetmore to National Managing Partner, Industries and Regions @ PricewaterhouseCoopers LLP

+ Michael Gottheil to Chief of the Commission and Tribunals @ Alberta Human Rights Commission

+ Mike Neylan to Pres. & CEO @ CellCube Energy Storage Systems Inc.

+ Myron Stadnyk to Director @ PrairieSky Royalty Ltd.

+ Randy Limbacher to Director @ TransCanada Corporation

+ Raghunath Davloor, Pres. & COO @ RioCan REIT, resigned

+ Ruilin Zhang, Director @ Journey Energy Inc., stepped down

+ Sal LoVecchio to Integrity Commissioner @ City of Calgary

+ Samir Sabharwal to General Counsel @ Alberta Securities Commission

+ Steven Harding to Commercial Property Mgr. @ Burnswest Properties

+ Susan McRory to Chair, Land Compensation Board and Chair, Municipal Government Board @ Government of Alberta

+ Sylvain Leduc, Deputy Governor @ Bank of Canada, stepped down

+ Teri Currie to Chair of Executive Council @ Canadian Bankers Association

+ Vince Aliberti to Exec. Dir. @ Empowering Minds

+ Yvon Charest, Pres. & CEO @ Industrial Alliance Insurance and Financial Services Inc., retired


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




 MEMORIAM

+ Sonia Scurfield, former Calgary Flames co-owner; 89




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ anxiety and depression in the workplace …

+ Supreme Court will not hear drug testing appeal




 QUOTES 

+ When we seek to discover the best in others, we somehow bring out the best in ourselves. – William Arthur Ward

+ Friends are the sunshine of life. – John Hay




 CONSTRUCTION NEWS + INNOVATION 

+ WSP Calgary office earned LEED Silver …

+ On-Site named top 40 contactors in Canada




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ 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

+ 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

+ 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

+ IPO – Initial Public Offering

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated June 19, 2018




 TODAY'S HEADLINES


HEADLINES: AltaGas $922 million sale | Baytex buying Raging River | Eagle Spirit pipeline | Paramount sale to Strath | Prosper oilsands project + Deb Hymers interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

This week's conversation with Deb Hymers, Founder/CEO of NSTEP

A recent conversation with Bob (Simon) Whitworth, Founder/Pres. of Simple Simon Pies

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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



31079 Woodland Heights, Calgary
BEARSPAW beauty - FOR SALE - click to contact Mark Kolke, Agent



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail to Katherine Robinson, Managing Director

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



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 MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



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



 SAVE THE DATE / upcoming events

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register , registration now open

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ June 20-21; 7th OPEC International Seminar, Vienna, Austria

+ July 26-29; Calgary Folk Music Festival, Prince’s Island Park; info/tickets

+ Sept. 1-2; Canmore Highland Games, Centennial Park, Canmore; info/tickets

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

~~

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


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



 KUDOS 

+ to Alan Norris, Dr. Elizabeth Cannon and Doug Ramsay – Honorary SAIT Degree recipients

+ to Damon Allen, Chandra Crawford, Dr. Sandra Kirby and Maureen Baker – inducted in the Canadian Sports Hall of Fame

+ to Guy Turcotte, this year’s Distinguished Business Leader Award recipient, recognized by the Calgary Chamber of Commerce and Haskayne School of Business

+ to Ron Mathison of MATCO Investments Ltd.; he gave $20.0 million to build Mathison Hall @ University of Calgary – facility will double the capacity of Haskayne School of Business




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Shell Canada and Hydrogen Technology & Energy Corporation (HTEC) opened a hydrogen fuel cell electric vehicle refueling station at 8686 Granville Street in Vancouver; first of three sites Shell and HTEC will develop in Vancouver and first in Canada …




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NEWS SUMMARY 
 June 12 ~ 19 


+ AltaGas Ltd. agreed to sell 35% of its interest in Northwest Hydro Facilities for $922.0 million

+ AutoCanada Inc. struck a board committee and engaged advisors to look at alternatives to maximize shareholder value

+ Baytex Energy Corp. agreed to acquire Raging River Exploration Inc. for $1.6 billion in an all-stock transaction; $2.8 billion merger

+ current energy prices – live link to current Bloomberg energy prices; WTI up a bit (US$65.85/bbl), Brent up too – (US$75.31/bbl); Libyan supply disruption due to militant attacks on infrastructure may push trading prices upward in advance of this week’s OPEC meeing

+ Eagle Spirit Energy Holdings Ltd. and four pipeline craft unions signed an MOA to develop the Eagle Spirit Energy Corridor project from Fort McMurray to Grassy Point, BC

+ free seminars: GoTime Business and Tech Summit - 32 short interviews available starting today; check them out - and don’t miss Leann Hackman-Carty and Dave Byrnes

+ GAPP changes; DRAFT Framework for Reporting Performance Measures

+ Paramount Resources Ltd. agreed to sell a portfolio of non-core oil & gas Resthaven/Jayar assets in the Kakwa area for $340.0 million to Strath Resources Ltd.

+ Prosper Petroleum Ltd. got AER approval for its 10,000/bpd steam-driven Rigel oilsands project; $440.0 million in costs before the first barrel flows – to be in operation in 2020

+ rig counts: up 27 on the week to 139; full breakdown

+ Shaw Communications is looking to sell its 39% stake in Corus Entertainment Inc. to fund wireless expansion

+ Sproule announced they are opening an office in Mexico City

+ stock markets worldwide are slumping on jitters about a trade war being started by U.S. President Trump

+ Swoop Airline got its AOC (air operating certificate); first flights start June 20th

+ Toscana Energy Income Corporation sold a gas royalty portfolio for $7.5 million

+ U.S. rig counts: down 3 to 1,059 this week; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Allied Properties REIT is on the market to raise $260.0 million in equity

+ Automotive Properties REIT secured $151.2 million credit facility

+ Blackstone REIT is on the market to raise US$10.0 billion

+ Breather Products Inc. closed $60.0 million equity financing by private placement

+ Canada Pension Plan Investment Board closed $1.5 billion green bond issue

+ Crown Capital Partners Inc. closed $20.0 million convertible debt financing

+ E3 Metals Corp. is on the market to raise $1.5 million in equity by private placement

+ E Split Corp. is on the market to raise $200.0 million in equity

+ G3 Global Holdings Limited Partnership secured $900.0 million credit facility

+ Innergex Renewable Energy Inc. closed $150.0 million convertible debt financing

+ Saturn Oil & Gas Inc. is on the market to raise $3.5 million by a flow-through shares offering

+ Summit Industrial Income REIT closed $115.0 million equity financing

+ TeraGo Inc. closed $6.9 million equity financing

*editor’s note: names companies involved in debt financings we report in this section are ALWAYS the borrower …




 CHARITY GOLF TOURNAMENTS 

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ June 25; 29th Annual 65 Roses Ladies Golf Classic, Heritage Pointe Golf Club, Calgary; info/register

+ June 26; University of Calgary Chancellor’s Challenge Golf Tournament, Country Hills Golf Club; info/registration - contact

+ July 5; 16th Annual Coast Hotels-Shuhachi Naito Golf Classic, Tsawwassen Springs, Delta, BC; info/register

+ Aug. 8; 2018 Robert Quatsch Memorial Golf Tournament, Sturgeon Valley Golf & Country Club, Edmonton; info/registration


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



 this week in REITS 


+ Agelllan Commerical REIT sold 118,500 sq. ft. multi-tenant property in Charlotte, NC for US$22.65 million

+ Allied Properties REIT is on the market to raise $260.0 million in equity

+ Automotive Properties REIT secured $151.2 million credit facility

+ Blackstone REIT is on the market to raise US$10.0 billion

+ Jonathan Gitlin to COO @ RioCan REIT

+ Northview Apartment REIT agreed to acquire a six building 623 unit portfolio (four in Ontario, two in Halifax) from Starlight Group Property Holdings Inc. for $151.8 million

+ PRO REIT closed its $4.5 million acquisition of a strip mall in Fredericton, NB

+ Raghunath Davloor, Pres. & COO @ RioCan REIT, resigned

+ Summit Industrial Income REIT closed $115.0 million equity financing




 INTERESTING THINGS IN OFFICE REAL ESTATE 


+ 3 World Trade Center opened in New York; third completed tower on site of the twin towers; 80-storey, 1,079 ft. tall




 INTERESTING THINGS IN RETAIL 


+ Davids Tea Inc. had a proxy fight; Herschel Segal, the founder, is back at the helm …

+ Golf Town Canada et al in in a bankruptcy proceeding

+ Holt, Renfrew & Co. announced they will invest $400.0 million to renovate and expand storaces across Canada




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Cadillac Fairview is investing $800.0 million in a JV with Investment Management Corp. of Ontario (IMCO); 46-storey tower at 160 Front St., Toronto will open in fall of 2022; 1.2 million sq. ft. tower is expected to achieve LEED Platinum certification. Ontario Teachers’ Pension Plan is inaugural tenant …

+ New York Life Real Estate Investors affiliate acquired eight-story LEED Gold office property in Phoenix, for US$100.0 million

+ W.P. Carey Inc. announced it will acquire Corporate Property Associates 17 Global Inc. for US$6.0 billion; combined entity will have $17.3 billion enterprise value




 SHAREHOLDER MEETINGS

+ June 25; New West Energy Services Inc., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Eagle Energy Inc., Annual General Meeting, Calgary

+ July 5; Africa Energy Corp., Annual General and Special Meeting, Vancouver

+ July 13; Callidus Capital Corporation, Annual General Shareholders Meeting, Toronto


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



 INFRASTRUCTURE / P3  


+ Calgary Airports is planning a large domestic terminal renovation at YYC; budget not disclosed

+ Vancouver Airports has begun construction on a 20-yr, $9.1 billion expansion plan




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this site last updated May 6, 2025