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FACILITYCalgary June10/25

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SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Bob Hakeem to COO @ Walmart Canada

+ Caroline Saunders to Consul General, Calgary @ British Consultate

+ Casey Kent to Pres. @ Oilpro

+ Dan Brewer to Pres. @ Appraisal Institute of Canada

+ Ed Caldwell to VP Health, Safety, Environment & Corp. Social Responsibility @ Gran Tierra Energy Inc.

+ Ed Crowther, retired co-founder of Reid Crowther & Partners Limited, died

+ Glen Mah to VP Bus. Dev. @ Gran Tierra Energy Inc.

+ James Waddock, VP Bus. Dev. & Strategy @ Circa Enterprises Inc., resigned

+ John McKenzie to CFO @ TMX Group Limited

+ Jonathan Chia, CFO @ Melcor REIT, resigned

+ Lee Tappenden to CEO @ Walmart Canada

+ Lyne Castonguay to Chief Merchandising Officer @ Sobeys Inc.

+ Naomi Stefura to Interim CFO @ Melcor REIT

+ Patrick Lahaie to Managing Partner, Canada @McKinsey & Company

+ R.J. Steenstra to Pres. & CEO @ Fort McMurray Airport Authority

+ Rodger Trimble to VP Industrial Relations @ Gran Tierra Energy Inc.

+ Scott Clements, Pres. & CEO @ Fort McMurray Airport Authority, retired

+ Shawn Rose to Exec. VP Digital Banking @ Scotiabank

+ Susan Mawdsley to VP Finance & Corp. Controller @ Gran Tierra Energy Inc.


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




BOARDROOM changes, purges, appointments etc.

+ Cameron Fowler to Chair @ Canadian Bankers Association

+ Heather Culbert to Board Chair @ SAIT

+ Jim Nikopoulos to Chairman @ TeraGo Inc.

+ Nancy Laird to Director @ Trinidad Drilling Ltd.


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




 SHAREHOLDER MEETINGS

+ June 27; Calgary Homeless Foundation, Annual General Meeting, Calgary

+ June 30; Sunshine Oilsands Ltd., Annual General Meeting of Shareholders, Hong Kong

+ July 20; Rock Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ July 26; Parkit Enterprise Inc., Annual General Meeting, Vancouver

+ Aug. 26; PRD Energy Inc., Annual and Special Meeting of Shareholders, Calgary


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



 SAVE THE DATE / upcoming events

+ July 5-7; 2016 Canadian Business Aviation Association Convention & Exhibition, Calgary; info/register

July 8 - 17; Calgary Stampede, Stampede Park, Calgary; info/tickets

+ Sept. 3 – 4; 26th Annual Canmore Highland Games, Canmore; info/tickets

+ Sept. 6 - 9; World Heavy Oil Congress, Stampede Park, Calgary; info/registration

+ Sept. 8; Rea;REIT Conference, Metro Toronto Convention Centre, Toronto; info/register

+ Sept. 22-25; 2016 Calgary Home + Design Show, BMO Centre, Stampede Park, Calgary info/register

+ Oct. 4-5; CanWeld 2016, Edmonton Northlands, Edmonton

+ Oct. 9-13; 23rd World Energy Congress, Istanbul, Turkey; info/register

+ Nov. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

2017

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

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

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


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



  GLOSSARY 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ 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

+ 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

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ 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

+ 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

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – Calgary International Airport


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated June 28, 2016




 TODAY'S HEADLINES


NEWS | Arsenal merger | BREXIT tremors/bounce back | CalgaryNEXT Option A redux | crude UP | PennWest closes sale | Suncor takes control of Syncrude | TransCanada Corp. launches KeystoneXL/NAFTA litigation | Twin Butte solution | Whitecap big buy + Brian Kozak interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financing$ + charity golf tournaments 




CONVERSATIONS

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. 

This week's conversation with Brian Kozak , CEO @ Geraldine Developments Ltd.

Last week's conversation with Michael Binnion, Pres. & CEO @ Questerre Energy Corporation

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



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PROJECT MANAGEMENT



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OFFICE MOVERS



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COFFEE SERVICES



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INTERIOR DESIGN



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COMMERCIAL INTERIOR CONSTRUCTION



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 QUOTES

+ Risk is trying to control something you are powerless over. – Eric Clapton

+ Since Stonehenge, architects have always been at the cutting edge of technology. And you can’t separate technology from the humanistic and spiritual content of a building. – Norman Foster




 CHARITY GOLF TOURNAMENTS 

+ July 5; Canadian Business Aviation Association/Hope Air Golf Tournament, Inglewood Golf & Curling Club; info/register

+ July 7; 14th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwasssen Spring Golf Club, Delta BC; info/registration

+ Aug. 11-13; Priddis Greens Charity Classic, Priddis Greens Golf & Country Club, Priddis; info/register

+ Aug. 29; CanLearn golf day; Silver Springs Golf Club, Calgary; info/register

+ Aug. 31 – Sept. 4; Shaw Charity Classic, Canyon Meadows Golf & Country Club, Calgary; info/tickets

+ Sept. 12; TMX - 3rd Annual Golden Bull Charity Golf Classic, Valley Ridge Golf Club, Calgary; info/sponsor/register

+ Sept. 13; 7th Annual Gordon Hoffman Charity Golf Classic, Priddis Greens Golf & Country Club, Priddis; info/register


[send infromation on charity golf tournaments to:  kolke@facilitycalgary.com ]



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ GHGSat Inc. launched a satellite to monitor greenhouse gas emissions from industrial facilities around the world

+ Hearst Tower in NYC; Pritzker Prize winning LEED Platinum Norman Foster building won an award from the Council on Tall Buildings and Urban Habitat: the 10 Year Award

+ KONE have launched a new elevator technology; MonoSpace500 is what they call it – greater eco-efficiency

+ Primus Green Energy Inc. announced plans to develop a 160MT/day methanol plan in Alberta (location not disclosed); production to start 1st qtr. 2018

+ Thomson Reuters published Global 500 Greenhouse Gas Performance 2016 trends report




 KUDOS 

+ to Lawson Projects – celebrating 40 Years in Business




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NEWS SUMMARY 
 June 21 - 28 


+ Arsenal Energy Inc. and Lone Pine Resources Canada Ltd. agreed to combine

+ Birchcliff Energy Ltd. agreed to acquire Gordondale assets from Encana Corporation for $625 million

+ BREXIT:  Brits voted in a referendum to LEAVE the European Union. Now many are signing petitions saying ‘lets vote again’ as the impact on the UK, the EU and world markets settles in to the British psyche; it appears doubtful that genie can be put back in the bottle without substantial change (ie: an election) in government. Meanwhile, bond rating agencies downgraded Britain’s credit rating by two notches, from AAA to AA. Expect New York and Toronto stock exchanges to do well once the market aftershocks subside as the magic of London is impaired if not permanently wrecked. Geopolitical pundits/talking heads are busy, but the truth is none of them have a clue how/if/when it will end, and uncertainty will make/break more than a few fortunes … tic toc

+ BREXIT BOUNCE: crude, the British Pound and stocks up worldwide after 3 days of drubbing

+ Brownstone Energy Inc. changed its name to ThreeD Capital Inc.

+ Calgary city council voted to FREEZE 2017 taxes at 2016 levels and reduce some user fees; no abatement of 2016 increased already announced/set

+ CalgaryNext project is back to plan A and city council has given proponents and staff another 90 days to review proposals and cost estimate disparities; no doubt fueled by a potential 2026 Winter Olympics bid being explored … tic toc

+ CAPP annual forecast calls for, no surprise, increased oil pipeline capacity

+ Cassels Brock Lawyers opened a Calgary office; 3 partners, 2 associates

+ CERF Incorporated changed its names to Canadian Equipment Rentals Crop.

+ current energy prices – live link to Bloomberg energy prices; Brexit upheaval roiled markets for 3 days – now WTI is up, Brent over US$48/barrel – while worldwide supply glut continues to ease … tic toc

+ DATA Group Ltd. to close its Edmonton operations this year (except for a sales office); will consolidate operations in Calgary

+ Engineers Canada launched an online portal for engineering jobs in Canada

+ Fort McMurray ‘return to normal’ news: refrigerators by the thousands at the landfill, three Fort McMurray councilors selected to run Wood Buffalo Recovery Committee (lots of citizen angst about their remuneration of $150k/annum each)

+ Imperial Oil refinery; Sarnia refinery (120,000 bpd facility) being handled by Imperial’s own forces

+ Penn West Petroleum Ltd. got competition act clearance and closed its $975 million disposition of Viking/Dodsland assets in Saskatchewan to Tiene Energy Ltd.

+ Pine Cliff Energy Ltd. agreed to sell a portfolio of royalty assets for $25 million

+ PRD Energy Inc. completed its strategic review process and plans to wind-up/dissolve the company

+ Primus Green Energy Inc. announced plans to develop a 160MT/day methanol plan in Alberta (location not disclosed); production to start 1st qtr. 2018

+ Spartan Energy Corp. closed its acquisition of Wyatt Oil + Gas Inc., an all stock transaction

+ Suncor Energy Inc. closed its $937 million purchase of Murphy Oil Corporation’s Canadian sub., which includes a 5% piece of Syncrude; shifts Suncor’s ownership of Syncrude from 48.74% to 53.74%

+ TransCanada Corporation US$13 billion acquisition of Columbia Pipeline Group; got Columbia shareholders approval

+ TransCanada Corporation filed a lawsuit challenge to U.S. government denial of Keystone XL pipeline under NAFTA; US$15 billion lawsuit

+ Twin Butte Energy Ltd. and Reignwood Resources Holding Pte. Ltd. agreed to a merger in a shares for debt and cash transaction

+ Whitecap Resources Inc. closed its $595 million acquisition of Saskatchewan oil assets

+ WSP Global Inc. made a $41 million ‘friendly offer’ for British firm Sweet Group PLC

+ Xtreme Drilling and Coil Services Corp. closed its $205 million sale of XSR Coiled Tubing Services assets to Schlumberger




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Birchcliff Energy Ltd. is on the market to raise $634.5 million in equity

+ Boralex Inc. closed $29.7 million equity financing

+ Mainstreet Health Investments Inc. closed US$14.25 million overallotment of its recent equity financing

+ Manulife Financial Corporation closed US$1 billion sr. unsecured debt financing

+ Margaux Resources Ltd. is on the market to raise $601,000 by a flow-through equity financing

+ MCW Energy Group Limited closed US$50,000 equity financing

+ Pacific Exploration & Production Corp. closed US$500 million DIP financing

+ Slate Office REIT closed $51 million equity financing

+ Suncor Energy Inc. closed $2.9 billion equity financing

+ Sunshine Oilsands Ltd. closed $3.3 million tranche of an equity financing

+ Trican Well Service Ltd. closed $69 million equity financing

+ Veraz Petroleum Ltd. closed $370,500 equity financing




 OIL SANDS AND 
HEAVY OIL NEWS 

+ Suncor Energy Inc. closed $2.9 billion equity financing

+ Suncor Energy Inc. closed its $937 million purchase of Murphy Oil Corporation’s Canadian sub., which includes a 5% piece of Syncrude; shifts Suncor’s ownership of Syncrude from 48.74% to 53.74%

+ Sunshine Oilsands Ltd. closed $3.3 million tranche of an equity financing 




INTERESTING REAL ESTATE NEWS, other places


+ Anbang Insurance Group Co. plan to shutter the Waldorf Astoria Hotel in New York for up to three years staring in spring/2017 for renovations; goodbye tradition …will be gutted, 1,100 rooms will be gutted and ¾ of them turned into condos …

+ Brookfield Global Integrated Solutions is acquiring McKinstry FMS, a leader in critical environments and data center facility management services across the United States

+ Parkbridge Lifestyle Communities acquired Willow Park Estates & Jubilee Landing in Edmonton; added 504 unites to their portfolio




 this week in REITS 


+ Boardwalk REIT closed its acquisition of Auburn Landing, Calgary; 238 units

+ Jonathan Chia, CFO @ Melcor REIT, resigned

+ Naomi Stefura to Interim CFO @ Melcor REIT

+ NorthWest Healthcare Properties REIT acquired 100% of Generation Healthcare Management Pty Limited, an Australian firm – with it a A$400 million portfolio of 17 facilities in Sydney, Melbourne and Brisbane

+ Slate Office REIT closed $51 million equity financing

+ Summit Industrial Income REIT acquired 50% interest in 56,208 square foot light industrial property in the Greater Montreal Region. Price for Summit's 50% interest $3.4 million; going in CAP rate of 7.4%




 INFRASTRUCTURE / P3  


+ CalgaryNext project is back to plan A and city council has given proponents and staff another 90 days to review proposals and cost estimate disparities; no doubt fueled by a potential 2026 Winter Olympics bid being explored … tic toc

+ GOA announced $125 million for 2016 budget year so University of Lethbridge can begin construction on their Destination Project ; a new science building

+ GOA announced $595 million over 5 yrs. to fund water and wastewater infrastructure improvements for rural towns …

+ Ontario Power Generation awarded a $265 million turbine refurbishment contract to an Aecon Group Inc. (60%) and SNC-Lavalin(40%)




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this site last updated June 10, 2025