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FACILITYCalgary June21/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Aaron Skelton, COO @ GreenSpace Brands, left the company

+ Alison Jackson to Managing Partner, Calgary @ Ernst & Young

+ Anthony Viel to CEO Deloitte Canada @ Deloitte & Touche

+ Brenda Galonski to VP Finance and Controller/CFO @ Eagle Energy Inc.

+ Brian Presement to CEO @ Duncan Park Holdings Corporation

+ Chris Renner to Pres., Central Roast @ GreenSpace Brands Inc.

+ Colleen Fortuna to Communications Advisor @ Calgary Parking Authority

+ Dave Tippett to Head Coach @ Edmonton Oilers

+ David Shaddrick, CEO @ Duncan Park Holdings Corporation, resigned

+ Dwayne Hipkiss to HSE Advisor @ Worley

+ Ilias Konstantopoulos, CFO @ Granite REIT, left the company

+ Jason Panzer to Managing Dir., Investment Banking @ Cannacord Genuity Group Inc.

+ Jason Witmer to VP Operations @ Highwood Trusses

+ Jay de Nance to Sr. Leasing Mgr., Western Canada @ Choice Properties REIT

+ Jerry Redden to VP of HSE @ Brown & Root Industrial Services, LLC

+ Lesley Gallinger to Pres. & CEO @ Elexicon Energy Inc.

+ Lisa Sparrow to Pres. & CEO @ Corix Group of Companies

+ Louisa DeCarlo to Director @ Canadian Spirit Resources Inc.

+ Matthew Arena to Marketing Specialist @ Epic Investment Services

+ Michael Collins to Director @ Inovatec Systems Corporation

+ Olga Kunitsa to Assistant VP, Business Dev. @ BDC

+ Patrick De Roy to Sr. Managing Dir., Total Portfolio and Capital Markets @ IMCO

+ Paul Keenan to Pres. @ HH Angus and Associates Limited

+ Peter Taylor to Chief Information Officer @ Calgary Police Service

+ Rana Ghorayeb to Pres. & CEO @ Otera

+ Saj Shapiro to COO @ Carbon Credit Solutions Inc.

+ Scott Riddle to Pres., Galaxy Nutritionals @ GreenSpace Brands Inc.

+ Sophie Brochu to Director @ CGI Inc.

+ Yvan Repka to Managing Dir., Calgary @ Canada ICI Capital Corporation

~

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




 MEMORIAM  

+ Gregory Noval, founder of Canadian 88 Energy, notorious oilman and rancher; 64




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Canadians on disability returning to work sooner than desired




 TECH Corner ... 

+ another player enters electric car market – a long way from vacuum cleaners




 QUOTES 

+ The first rule of kindness is to be kind to yourself. – Bryant McGill

+ Be gentle first with yourself if you wish to be gentle with others. – Lama Yeshe




  KUDOS  

+ to Bonnie DuPont and Frances Wright – named to Alberta Order of Excellence

+ to Bob Dhillon – granted an honourary doctorate by the University of Lethbridge




 INFRASTRUCTURE / P3  


+ Algonquin Power & Utilities Corp. agreed to acquire Bermuda Electric Company for US$365.0 million

+ B.C. government issued RFQ for new St. Paul’s Hospital project

+ Canada Infrastructure Bank announced it will invest up to $2.0 billion to finance Ontario’s GO Transit expansion program

+ NRStor Inc. closed its acquisition of 5MW Energy Storage Facility from Temporal Power

+ Port of Quebec announced it will invest $775.0 million to construct a deep-water terminal




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ ABS – Asset Backed Securities

+ 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

+ DAB – Development Appeal Board

+ DILBIT – diluted bitumen

+ 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

+ FEED – front-end engineering and design

+ 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

+ IMCO – Investment Management Corporation of Ontario

+ IPO – Initial Public Offering

+ ISO – International Organization for Standardization

+ 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

+ ROFR – right of first refusal

+ 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




current week data

this  site is refreshed with a new issue every Tuesday


updated June 4, 2019




 TODAY'S HEADLINES


HEADLINES: AltaGas propane terminal opened | CRNL acquire Devon Assets | TC Energy selling 85% of Norther Courier Pipeline to AIMCo | deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings




CONVERSATIONS

FACILITYCalgary Publisher 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:

A recent conversation with Shannon Bowen-Smed, CEO @ Bowen Group

A recent conversation with Carol Kitchen, Pres. & CEO @ UFA (United Farmers of Alberta)

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



 sponsors of this week's issue:

e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



Partner with us for your CSR or employee giving program, and join us in the global fight against avoidable blindness - e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



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



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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



CONTACT US
SALES COACHING



e-mail to Katherine Robinson, Managing Director

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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 


CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 7; 4th Annual Jann Arden Charity Tournament, Silvertip Resort, Canmore; info/registration

+ June 9; 4th Annual Max Robinson Children’s Foundation, Crystal Ridge GC, Okotoks; info/register

+ June 20; Ambrose University 2019 Golf Classic, Glen Eagles, Cochrane; info/register

+ June 20; 26th Annual IFMA Calgary Open, Blue Devil Golf Club, Calgary; info/register

+ June 24; Special Olympics Calgary – 20th Annual Golf Classic; save the date / details coming soon

+ July 11; 17th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ July 16; Willow Park Charity Golf Classic, Willow Park G&CC, Calgary; info/details

+ Aug. 1; SAIT Centennial Golf Classic, Priddis Greens, Priddis; info/details

+ Aug. 13-15; Priddis Greens Charity Classic, Priddis Greens G& CC, Priddis; info/details

+ Aug. 15; CHAS (Children;s Hospital Aid Society) 37th Golf Classic, Silver Springs Golf Club, Calgary; info/registration

+ Sept. 4; Little Warriors 4th Annual Golf Tournament, The Quarry, Edmonton; info/register

+ Sept. 5; 2019 Enmax BOMA Golf Tournament, Kananaskis Country GC, Kananaskis; info/register

~

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




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NEWS SUMMARY 
 May 28 ~ June 4 


+ Alberta government watch: introduction of Bill 3, phased reduction of corporate tax rate from 12% to 8%

~~

+ Absorb Software acquired Torch LMS; terms not disclosed

+ AltaGas Ltd. JV (AltaGas 70%, Royal Vopak 30%) opened its Ridley Island Propane Export Terminal at Prince Rupert, BC

+ Bank of Canada held its overnight rate at 1.75%

+ Calgary City Council members squabbling over tax relief remedies as property owners protesting excessive tax assessment

+ Canadian Natural Resources Ltd. agreed to acquire the Canadian assets and operations (1.2 BOE/day) of Devon Energy Corp. for $3.8 billion

+ Carbon Graphics Group acquired Petro-Tech Printing Ltd. from the Prolific Group; terms not disclosed

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude slumped to two-month low on oversupply concerns notwithstanding OPEC and Saudi assurances of further production cuts

+ Enbridge Inc.’s Line 3 replacement project facing further delays in Minnesota; court ruling says environmental review was inadequate … tic toc

+ Golder Inc. agreed to lease 60,000 sq. ft. in Stephen Avenue Place (formerly Scotia Centre) from Slate

+ Great-West Lifeco Inc. closed the sale of its U.S. individual life insurance and annuity business; terms not disclosed

+ Matrrix Energy Technologies Inc. sold its directional drilling assets for $1.5 million

+ Matrrix Energy Technologies Inc. changed its name to Stampede Drilling Inc.

+ Morningstar Inc. agreed to acquire DBRS Ltd. for US$669.0 million

+ Rangeland Energy is building an 85 km/50,000 bpd pipeline in the Marten Hills area to connect Fawcett Lake production to Plains Midstream pipeline

+ rig activity in Canada

+ rig counts – U.S.: up 1 to 984 this week; Canada: up 7 to 85 this week; full breakdown

+ TC Energy Corp. agreed to sell 85% interest in Northern Courier Pipeline (Fort Hills to Suncor terminal) to AIMCo. For $1.15 billion; TC Energy will operated the pipeline

+ WELL Health Technologies Corp. acquired Kela Atlantic Inc. for $10.75 million

+ wildfire watch: residents of High Level and area allowed to return to their homes as fire risk abates



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Akumin Inc. closed US$382.0 million debt financing

+ Blackhawk Resource Corp. closed $998,250.0 equity financing

+ BTB REIT is on the market to raise $25.0 million in equity

+ Choice Properties REIT is on the market to raise $750.0 million in sr. unsecured debt

+ Cymat Technologies Ltd. closed $12.0 million equity financing

+ Datable Technology Corp. closed $540,320.0 equity financing by private placement

+ Eguana Technologies Inc. is on the market to raise $3.0 million in equity by private placement

+ Engagement Labs Inc. closed $2.7 million equity financing

+ Marksmen Energy Inc. is on the market to raise $350,000,0 in equity by private placement

+ PetroTal Corp. is on the market to raise  £20 million in equity

+ Polaris Infrastructure Inc. closed $25.0 million sr. unsecured convertible debt financing

+ Pond Technologies Holdings Inc. is on the market to raise $2.4 million in equity

+ Pure Energy Minerals Limited secured US$1.5 million equity financing by private placement

+ WELL Health Technologies Corp. is on the market to raise $8.0 million in convertible debt by private placement

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 INTERESTING TRENDS IN RETAIL 


+ Walmart introduced a new Supercenter concept store in Toronto




 INTERESTING TRENDS IN INDUSTRIAL REAL ESTATE 


+ Blackstone Group LP agreed to acquire 179.0 million sq. ft. of logistics facilities from Amazon; $US$18.7 billion sale/leaseback transaction




 SAVE THE DATE / upcoming events

+ June 3-4; 2019 Oil Sands Innovation Summit, Hyatt Regency, Calgary; info/register

+ June 4-6; 2019 OpEx, Hyatt Regency, Calgary; info/register

+ June 4-6; Western Manufacturing Technology Show, Edmonton Expo Centre; info/registration

+ June 5-7; Alberta Innovates, Inventure$ 2019, Calgary Telus Convention Centre; info/tickets

+ June 8; 2019 Alberta Literary Awards and Gala, Coast Edmonton Plaza Hotel, Edmonton; info/tickets

+ June 10; Canadian Global Exploration Forum, 2019 Annual Conference, The Hudson, Calgary; info/register

+ June 10-12; NeoCon, The Mart, Chicago; info/register

+ June 11-12; Downstream 2019, George Brown Conv. Center, Houston; info/register

+ June 11-13; Global Petroleum Show 2019; Stampede Park, Calgary; info/register

+ June 18; S&P Global Platts Calgary Oil & Energy Forum, Calgary Marriott Downtown, info/register

+ July 5 – 14; Calgary Stampede, Stampede Park; info/tickets

+ July 12; Oxford STOMP, Shaw Millennium Park; info/tickets available April 18th…

+ Sept. 2-4; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ Sept. 9-11; BOMEX 2019, St. John’s, Nfld.; info/sponsor/register

+ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information


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



 this week in REITS 


+ BTB REIT is on the market to raise $25.0 million in equity

+ Choice Properties REIT is on the market to raise $750.0 million in sr. unsecured debt

+ European Residential REIT and CAP REIT closed their €232 acquisition of 26 properties/1,257 units in the Netherlands

+ Ilias Konstantopoulos, CFO @ Granite REIT, left the company

+ Partners REIT initiated a board let process to evaluate strategic alternatives




 SHAREHOLDER MEETINGS

+ June 4; Strad Energy Services Ltd., Annual General and Special Meeting, Calgar

+ June 7; Skylon Growth & Income Trust, Special Meeting of Unitholders, Toronto

+ June 13; Africa Energy Corp., Annual General and Special Meeting, Vancouver

+ June 13; Cap REIT, Annual Unitholders Meeting, Toronto

+ June 13; Dollarama, Annual Meeting of Shareholders, Montreal

+ June 18; Eagle Energy Inc., Annual Meeting, Calgary

+ June 19; Street Capital Group Inc., Annual General Meeting, Toronto

+ June 20; Cliffside Capital Ltd., Annual General Meeting, Toronto

+ June 20; Globalive Technology, Annual General and Special Meeting, Toronto

+ June 25; Pembina Pipeline Corporation, Special Meeting of Preferred Shareholders, Calgary

+ July 5; Flow Capital Corp., Annual Special Meeting, Toronto

+ July 11; Emera Inc., Special Meeting of Shareholders, Halifax

~

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




 CORPORATE RESPONSIBLITY REPORTS 

+ Air Canada published its 2018 Corporate Sustainability Report




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