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FACILITYCalgary June21/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alex Avery to Director @ H&R REIT

+ Amy Guggenheim Shenkan to Director @ Ritchie Bros.

+ Beth Tyndall to Chief People Officer @ Ontario Teachers’ Pension Plan

+ Darren Myers to Exec. VP Finance @ Loblaw Companies Limited

+ David Broshko to Pres. @ Ridgeback Resources Inc.

+ James Cumming to CEO @ HGA Group

+ Janet Annesley to Sr. VP Corporate Affairs @ Husky Energy

+ Judith LaRocque to Interim Chair @ Canadian Radio-television and Telecommunications Commission

+ Juli Morrow to Director @ H&R REIT

+ Kim Fennell to Director @ Ritchie Bros.

+ Linda Huber to Director @ Bank of Montreal

+ Matthew Gerber to Chairman @ TeraGo Inc.

+ Monique Leroux to Vice Chairman and Strategic Advisor @ Fiera Capital Corporation

+ Nancy MacDonald to Urban Planning Discipline Lead, Canada @ Stantec

+ Paul Charron to Exec. Chairman @ Ridgeback Resources Inc.

+ Paul Masse to COO @ Ridgeback Resources Inc.

+ Rafael Miranda, Director @ Brookfield Infrastructure Partners L.P., stepped down

+ Richard Bird to Chair @ Alberta Investment Management Corporation (AIMco)

+ Richard Dufresne to Pres. @ George Weston Limited

+ Richard Perkey to Partner, Financial Services @ The Caldwell Partners International Inc.

+ Sanda Pippus to Pres. @ Association of Science and Engineering Technology Professionals of Alberta (ASET)

+ Sarah Raiss to Director @ Alberta Investment Management Corporation (AIMco)

+ Sharon Sallows to Director @ Alberta Investment Management Corporation (AIMco)

+ Stephen Larke to Director @ Vemilion Energy Inc.

+ Steve Spaulding to Director @ Gibson Energy Inc.

+ Steward Hanlon, Director @ Gibson Energy Inc., stepped down

+ Tracy Rees to Director @ Intrinsyc Technologies Corporation


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




IN MEMORIUM

+ Robert Campeau, legendary Canadian developer, raconteur and failed retailer, died

+ Ruth Kelly, founder/publisher of Venture Magazine, philanthropist and community leader in Edmonton, died




 SAVE THE DATE / upcoming events

+ July 7 - 16; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 2-3; 27th Annual Canmore Highland Games, Canmore, info/volunteering/tickets

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ 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

+ 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

+ 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

+ 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 20, 2017




 TODAY'S HEADLINES


HEADLINES: Bellatrix asset sale | Calgary $10 million office market boost | Canam gone private | Lonestar sale to Safe Harbors | OSAG reports | Olympics bid | rig counts up | Sears in trouble | Shaw $2.3 billion asset sale | TransCanada spending $2 billion on Nova System + upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

A recent conversation with Samara Felesky-Hunt, Dietition and Nutritional Consultant

A recent conversation with Anthony Sanni, speaker/educator

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



 sponsors of this week's issue:

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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ June 22; 56th Annual, CSPG Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ June 26; Rotary Stay-in-School 21st Annual Charity Golf Tournament, Hamptons Golf Club, Calgary; info/register

+ July 6; 26th Annual Parkinson Tulip Tournament, Sirocco Golf Club, Calgary; info/register

+ July 6; 15th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ Aug. 15-17; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register


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



 SHAREHOLDER MEETINGS

+ June 22; Northern Blizzard Resources Inc., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Marquee Energy Ltd., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Penn West Petroleum Ltd., Annual and Special Meeting, Calgary

+ June 27; Eagle Energy Inc., Annual Meeting, Calgary

+ June 27; Sunshine Oilsands Ltd., Annual Meeting of Shareholder, Hong Kong

+ June 28; GrowMax Resources Corp., Annual and Special Meeting, Calgary

+ July 6; PetroShale Inc., Annual and Special Meeting, Calgary

+ July 12; Lonestar West Inc., Special Meeting of Shareholders, Sylvan Lake, AB

+ July 26; Sunshine Oilsands Ltd., Special Meeting of Shareholders, Hong Kong

+ July 28; Tethys Petroleum Limited, Extraordinary General Meeting of Shareholders, Toronto


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



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NEWS SUMMARY 
 June 13 ~ 20 


+ Amazon Inc. agreed to acquire Whole Food Market Inc. (460 stores in U.S., UK & Canada) for US$13.7 billion

+ Bellatrix Exploration Ltd. agreed to sell a portfolio of non-core Strachan area assets for $34.5 million

+ Calgary City Council approved $10.0 million to help revitalize the downtown office market; no details on who gets the money … tic toc

+ Canam Group Inc. got shareholder approval for its going-private transaction

+ CES Energy Services & Technology Corp. changes its name to CES Energy Solutions Corp.

+ current energy prices – live link to current Bloomberg energy prices; WTI continues below US$45/bbl, little optimism about OPEC cutbacks being sufficient to buoy the market

+ Lonestar West Inc. agreed to be acquired by Clean Harbors Inc., subject to shareholder approval

+ Oil Sands Advisory Group tabled its first two phases of reports; full report … executive summary; 18-member panel is now reduced by five (Karen Mahon, Alison Ronson, Christa Seaman, Lloyd Visser and Tzeporah Berman are gone)

+ Olympic Bid Politics: city council are reviewing reports of the Calgary Bid Exploration Committee’s examination of the viability of a 2026 Winter Olympics bid – big numbers ($4.6 billion to host the games) with a predicted $2.4 billion shortfall to be funded by three levels of government and questions about facilities (as the City negotiates with the Calgary Flames over new facilities) – all of this in a civic election year; meanwhile Sport Calgary is advocating for a stand-alone fieldhouse adjacent to McMahon Stadium in hopes of a pre-election decision - good luck with that …tic toc

+ rig counts Canada: up 20% this week to 159

+ rig counts U.S.: up 6 this week to 933

+ Scotiabank agreed to sell its interests in Scotia Managed Companies Administration Inc. to Marquest Asset Management Inc.

+ Sears Canada engaged advisors to seek ‘alternatives’, possible restructuring, possible sale … tic toc

+ Shaw Communications Inc. agreed to sell ViaWest Inc. to Peak 10 Holding Corporation for $2.3 billion

+ Shaw Communications Inc. agreed to acquired wireless spectrum licenses from Quebecor Media Inc. for $430.0 million

+ Stetson Oil & Gas Ltd. changed its name to Magnolia Colombia Ltd.

+ TransCanada Corporation announced a $2.0 billion program to expand the NOVA Gas Transmission Ltd. System

+ U.S. Federal Reserve raised interest rates by ¼ of 1%; 3rd consecutive qtr. of increases, as an indication of confidence in the strength of the U.S. economy; typically such increases are reflected by Bank of Canada and Canadian chartered banks raising rates soon after … tic toc




THIS WEEK IN FINANCINGS 
- proposed & closed

+ BNK Petroleum Inc. secured a new US$75.0 million credit facility

+ CT REIT closed $175.0 million in sr. unsecured debt financing

+ Equitable Bank secured $2.0 billion syndicated credit facility

+ Mattamy Homes Limited secured a new $300.0 million unsecured credit facility

+ NADG NNN REIT is on the market to raise US$50.0 million in equity by IPO

+ National Bank of Canada closed $400.0 million preferred share issue

+ PRO REIT closed $21.8 million equity financing

+ Pulse Oil Corp. closed $4,812,935 first tranche of an equity financing

+ Starlight U.S. Multi-Family (No. 1) Value-Add Fund is on the market to raise US$56.0 million by IPO

+ Total Energy Services Inc. secured $225.0 million revolving credit facility

+ US Oil Sands Inc. secured US$5.0 million sr. secured convertible debt financing




 QUOTES

+ Education is not the filling of a pail, but the lighting of a fire. – William Butler Yeats

+ A genius is one who shoots at something no one else can see, and hits it. – Arthur Schopenhauer




 KUDOS

+ to Jim Gray – he’s established the ‘Top 7 Over 70 Awards’ to recognize seniors’ contributions to the community; nomination forms downloadable from the website




 this week in REITS 


+ Alex Avery to Director @ H&R REIT

+ CT REIT closed $175.0 million in sr. unsecured debt financing

+ Juli Morrow to Director @ H&R REIT

+ NADG NNN REIT is on the market to raise US$50.0 million in equity by IPO

+ Partners REIT agreed to sell Thunder Centre in Thunder Bay for $39.75 million

+ PRO REIT closed $21.8 million equity financing

+ Pure Multi-Family REIT LP closed US$47.5 million acquisition of Pinnacle (264 units) in Phoenix, AZ

+ Pure Industrial REIT announced pending acquisitions ($32.6 million (Richmond, BC), $55.7 million Dallas, TX), $39.1 million (North Carolina – 3 properties); and dispositions ($33.9 million in BC & AB – 3 properties)

+ True North Commercial REIT closes its $31.5 million acquisition of 61 Bill Leathem Dive in Ottawa; 148,120 sq. ft. office building




CORPORATE RESPONSIBILITY REPORTS


+ Sherritt International Corporation published its 2016 Sustainability Report




 INFRASTRUCTURE / P3  


+ GOA revealed plans for Calgary’s new cancer centre; PCL Construction Management Inc. were selected to complete design and construction of the $1.4 billion project, expected to open in 2023, on the Foothills Hospital Campus site

+ Infrastructure Ontario awarded $127.5 million contract to EllisDon Infrastructure GMCH Inc. to design, build and finance the new Groves Memorial Community Hospital in Wellington, ON

+ Ottawa’s LRT system is getting a boost: $1.09 billion from the Prime Minister …




INTERESTING REAL ESTATE NEWS, other places


+ Bosa Development are planning a rental apartment building in Victoria, BC; on a former bus terminal site – on Empress Hotel grounds; proposal awaiting city approval

+ Pangea Pod Hotel catering to solo travelers will open in Whistler BC in 2018; 88-private sleeping pods




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