FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June28/22

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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 Don Tull , Pres. @ Tull Properties and Custom Metal Contractors

Last week's conversation with Kim Reinhart, Soprano / Lawyer 

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



 SHAREHOLDER MEETINGS

+ June 30; Algonquin Power & Utilities Corp., Annual Meeting of Shareholders, Oakville

+ June 30; Legacy Oil + Gas Inc., Annual General Meeting, Calgary

+ June 30; Temple Hotels Inc., Annual and Special Meeting of Shareholders, Winnipeg

+ July 21; Sunshine Oilsands Ltd., Special General Meeting, Hong Kong

+ July 27; Mapan Energy Ltd., Annual and Special Meeting of Shareholders, Calgary


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



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

+ Dave Mowat, Pres. & CEO @ ATB Financial to Chair @ Alberta Government Royalty Review Advisory Panel

+ Donald Schellpfeffer, CEP @ Medical Facilities Corporation, retiring

+ Doug Little to Managing Principal, Structural Engineering @ Read Jones Christoffersen

+ Dr. Andrew Leach to Chair @ Alberta Government Climate Change Advisory Panel

+ Grant Arnold to Pres. & CEO @ BluEarth Renewables Inc.

+ Jean-Rene Halde, Pres & CEO @ Business Development Bank of Canada, retired

+ Jeff Leitl to VP Land @ Kicking Horse Energy Inc.

+ Jeff Mo to Lead Manager, Mawer New Canada Fund @ Mawer Investment Management Ltd.

+ Jim Skippen, Pres. & CEO @ WiLAN, retiring

+ John Baird to Global Strategic Advisor @ Hatch

+ Keith Farlinger to CEO Americas @ BDO

+ Keith Lipton to COO U.S. Operations @ Avison Young

+ Kent Brown to Executive Advisor @ BluEarth Renwables Inc.

+ Helen Platis to VP Client Development @ Stantec Consulting

+ Mark Fieder to COO, Canadian Operations @ Avison Young

+ Martin Ferguson, co-manager, Mawer New Canada Fund @ Mawer Investment Management Ltd., retired

+ Max Lof, CFO @ Surge Energy Inc., left the company

+ Michael Reid to Sr. Strategist, Penion Solutions @ Manulife Asset Management

+ Michael Vels to CFO @ Hydro One Inc.

+ Michele Desjardins to Director @ Canada Post Corporation

+ Morgan Elliott to Sr. VP Regulatory & Government Relations @ Shaw Communications Inc.

+ Pat Kramer to CEO @ BDO Canada LLP

+ Rajeev Viswanathan to CFO @ DREAM Office REIT

+ Ric Leong to CFO @ Avigilon Corporation

+ Trevor English to Sr. VP Corp. Dev. & Business Planning @ Shaw Communications Inc.

+ Vito Culmore to Exec. VP & CFO @ Shaw Communications Inc.




BOARDROOM changes, purges, appointments etc.

+ Donald Wishart to Director @ ShawCor Ltd.

+ Jane Marshall to Trustee @ RioCan REIT

+ Janet Woodruff to Director @ Keyera Corp.

+ Jin Hu to Director @ Sunshine Oilsands Ltd.

+ Kwok Ping Sun to Executive Chairman @ Sunshine Oilsands Ltd.

+ Lars Vannman, Director @ Stetson Oil & Gas Ltd., resigned

+ Maura Clark to Director @ Fortis Inc.

+ Mel Belich to Director @ Calgary Airport Authority

+ Michael Hanley to Director @ ShawCor Ltd.

+ Michael Hibberd to Non-Exec. Vice-Chairman @ Sunshine Oilsands Ltd.

+ Michele Romanow to Director @ Whitler Blackcomb Holdings Inc.

+ Pat Kramer to Director, Global Board @ BDO

+ Paul Bonavia to Director @ Fortis Inc

+ Pierre Blouin to Director @ Fortis Inc.




 SAVE THE DATE / upcoming events

+ July 3-12; Calgary Stampede 2015 - tickets now on sale

+ Sept. 28-29; 10th Annual Pipeline Development & Expansion Conference, Houston; agenda - info/register

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

+ Oct. 27 – 30; 28th Annual Gastech Conference & Exhibition, Singapore info/registration

+ Oct. 29; 2015 Economic Developers Alberta - Ministry Dinner, Matrix Hotel, Edmonton, info/register

Oct. 29-30; IEDC Workforce Development Strategies, Matrix Hotel, Edmonton; info/register

+ Feb. 26/2016; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Feb. 26/16; BUILDEX Vancouver, Vancouver Convention Center, Vancouver


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



 SAVE THE DATE / GOLF TOURNAMENTS


+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam; info/register

+ July 14-16; Willow Park Charity Golf Classic, Willow Park Golf & CC, Calgary donate/register

+ Aug. 13; 10th Annual CREW Golf Tournament, Sirocco Golf Club, Calgary; info/register

+ Aug. 17; 16th Annual Special Olympics Calgary Golf Classic, Country Hills GC .. details later

+ Aug. 20; 17th Annual CREB Charitable Foundation, Building Hope Charity Golf Tournament, Blue Devil Golf Club, Calgary


FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated ... June 30, 2015




 TODAY'S HEADLINES


Alberta Greenhouse Gas Regulation Changes | Cenovus Energy sells royalties for $3.3 billion |CP billboards! | global stock markets reeling; Grexit risk | Parkland buys Pioneer | Pengrowth to sell $600 million in assets | TransCanada cuts 185 jobs + Don Tull interview | upcoming events & corp. meetings + climate change & infrastructure news + REIT news +  financings + executive and board appointments >>>>




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 CLIMATE CHANGE / ENVIRONMENT
 IN THE NEWS 

+ Government of Alberta greenhouse gas reduction rule changes were announced; large emitters expected to cut emmissions by 20% by 2017; cost of emissions exceeding allotment will rise to $30/tonne by 2017; also, and advisory panel is being established

 

+ RICS & the United Nations Global Compact issued a report ‘Advancing Reponsible Business Practices in Land, Construction, Real Estate Use and Investment’ ; you can download the Exec. Summary or Full Report 




 QUOTES

+ Middle age is when you’re sitting at home on a Saturday night and the phone rings and you hope it isn’t for you. – Ogden Nash

+ Greece isn’t a democracy now. It’s run through a troika – three foreign officials that fly into Athens airport and tell the Greeks what they can and can’t do. – Nigel Farage




 KUDOS

+ to University of Calgary Faculty of Veterinary Medicine – celebrating its 10th anniversary

+ to Calgary Flames coach Bob Hartley, named NHL Coach of the Year – won the Jack Adams Award




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NEWS SUMMARY 
 June 23 - 30 


+ Alberta Minimum Wage goes up October 1st – GOA made this announcement

+ ATB – daily economist’s outlook

+ Canadian Pacific formed a joint venture with All Vision LLC; the venture called Van Horne Outdoor will market outdoor advertising infrastructure on CP’s right of way (they have 14,000 miles of that) …

+ Cenovus Energy Inc. agreed to sell its oil & gas royalty business, Heritage Royalty Limited Partnership, to Ontario Teachers’ Pension Plan for $3.3 billion

+ City of Calgary – council defeated secondary-suites initiative .. tic toc ...

+ current energy prices – live link to Bloomberg energy prices 

+ Government of Alberta greenhouse gas reduction INTERIM rule changes were announced; large emitters expected to cut emmissions by 20% by 2017; cost of emissions exceeding allotment will rise to $30/tonne by 2017; also, and advisory panel is being established

+ Gran Tierra Energy Inc. increased its 2015 CapEx Budget by $45 million to $185 million

+ Greek crisis impacted global stock markets; Greek Banks temporarily closed, ATM’s shut-off to avoid run on banks as Greek default on debt payments is imminent – high stakes game of chicken between Greece, IMF, World Bank and Eurozone finance ministers will likely result in ‘Grexit’, an exit from the Euro, re-establishment and devaluation of Greek currency to get their economy rolling again. Nobody knows if this event will have cascading impact on other economies .. tic toc

+ Husky Energy Inc. began production on its South Wild Rose Extension

+ Imperial Oil differing plans for Beaufort Sea drilling

+ Montana Exploration Corp. agreed to acquired Gale Force Petroleum Inc.

+ Parkland Fuel Corporation closed its $377 million acquisition of Pioneer Energy assets
+ Pengrowth Energy Corporation shipped first Lindbergh production on Husky pipeline

+ Pengrowth Energy Corporation announced its intention to sell $600 million in non-core assets

+ PetroLMI issued an oil patch ‘Rotating, Not Relocating’ workforce report

+ Potash Corporation of Saskatchewan is negotiation a takeover of K+S Potash Corp.

+ Primeline Energy Holdings Inc. agreed to acquire Primeline Petroleum Corporation

+ Rogers Communications Inc. exercised options to acquire Shaw Communications wireless spectrum licences; cash to Shaw will be $350 million

+ Rogers Communications Inc. agreed to acquire Mobilicity for $400 million

+ Sobeys Inc. announced plans to eliminate 1,300 jobs relating to absorption of Canada Safeway operations, store closings and eliminating duplications

+ Tourmaline Oil Corp. agreed to acquire Mapan Energy Ltd. for $105.98 million

+ TransCanada Corporation announced it will cut costs by cutting 185 jobs in its major projects division (laying off 100 full-time employees and 85 contractors)

+ TransCanada Corporation announced signature of project agreemetns with six BC First Nations regarding the proposed Coastal GasLink natural gas pipeline




FINANCINGS - proposed & closed

+ Africa Hydrocarbons Inc. closed $500,000 equity financing

+ Boralex Inc. closed $18,750,000 overallotment of its recent unsecured sub. debt financing

+ Canadian Overseas Petroleum Limited is on the market to raise $7,245,000 in a common share & warrants issue

+ Canamax Energy Ltd. secured $21 million credit facility

+ Dejour Energy Inc. secured $2.5 million debt financing

+ Global Real Estate Dividend Growers Corp. is on the market to raise $150 million in an IPO

+ Manulife Financial Corporation is on the market to raise US$450 million in a Singapore IPO

+ Marksmen Energy Inc. closed $97,365 tranche of an equity financing

+ Marsa Energy Inc. closed $1,056,000 2nd tranche of its equity financing

+ Northern Aspect Resources Ltd. is on the market to raise $300,000 in equity

+ Rooster Energy Ltd. closed US$60 million sr. secured debt financing

+ Tourmaline Oil Corp. closed $195.4 million equity financing




 this week in REITS 


+ Allied Properties REIT closed its acquisition of 511-539 King Street West, Toronto

+ American Hotel Income Properties REIT LP closed its acquisition of a 9-property portfolio for US$53.5 million

+ Darden Restaurants (Olive Gardenm Longhorn Steakhouses) is spinning off some of its real estate into a REIT to raise US$1 billion

+ Jane Marshall to Trustee @ RioCan REIT

+ Nobel REIT closed its acquisition of 34,640 sq. ft. office building in Blainville, QC for $7,075,000




 INFRASTRUCTURE / P3 / GREEN


+ Altantic Power Corporation closed sale of its wind portfolio (521 megawatts) to SunEdison Inc. for $347 million

+ Infrastructure Ontario issued an RFQ for the Brockville General Hospital Redevelopment Project




INTERESTING REAL ESTATE NEWS, other places


+ Allied Properties REIT closed its acquisition of 511-539 King Street West, Toronto

+ American Hotel Income Properties REIT LP closed its acquisition of a 9-property portfolio for US$53.5 million

+ Blackstone Group is acquiring Sky View Parc (560,000 sq. ft. retail centre + 2,500 car parking facility)  in Flushing/Queens, NY for US$400 million from Onex Group

+ Canada Pension Plan Investment Board entered a JV to acquire SP Infocity IT Park in Chennai for US$220 million

+ LOGOS China Investments Limited joined with Ivanhoe Cambridge and CBRE Global Investment Partners to US$400 million in logistics facility developments in China

+ Nobel REIT closed its acquisition of 34,640 sq. ft. office building in Blainville, QC for $7,075,000




 OIL SANDS NEWS 

+ Jin Hu to Director @ Sunshine Oilsands Ltd.

+ Kwok Ping Sun to Executive Chairman @ Sunshine Oilsands Ltd.

+ Michael Hibberd to Non-Exec. Vice-Chairman @ Sunshine Oilsands Ltd.


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