FACILITYCalgary

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

FACILITYCalgary May 6/25

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- FACILITY Calgary is 25 years old - getting better, growing the audience and offering 'things you want to know' to people who want to know it

- this is the FIRST publishing in our new format ...and I appreciate feedback from readers, always, as we work to make this publication better



 
                                                                                                    

 
 
 
 


 
 
FACILITYCalgary (in our 25th year!) is published by MaxComm Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.© 1999 - 2024  

 
 
                                                                                                    

 
 
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 THIS WEEK - NEWS SUMMARY 

  May 29 ~ June 4, 2024 




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  NEWS THIS WEEK  


+ Aeterna Zentaris and Ceapro completed their merger

+ AltaGas Ltd. and Royal Vopak announced a go-ahead investment decision on Ridley Island Export Facility

+ Apotex Inc. completed its acquisition of Searchlight Pharma Inc.

+ Cathedral Energy Services Ltd. is changing its name to ACT Energy Technologies Inc

+ Clearview Resources Ltd. completed an infrastructure disposition, netting $2.3 million, and completed an acquisition of producing assets for $2.5 million

+ ConocoPhillips agreed to acquire Marathon oil for US$17.1 billion

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$72/bbl; Brent @ US$76/bbl ~ OPEC+ group agreed to maintain their production cuts into 2015 … but it’s complicated; analysts weigh-in

+ Deloitte take a look at the future; they published Global disruption in 4D – click to download their 59-page report on addressing disruption

+ Eau Claire Market it closed – demolition to be underway soon to make way for C-train/Green Line construction

+ Enbridge Inc. completed its acquisition of Questar Gas Company

+ Enerplus Corporation got shareholder approval for its acquisition by Chord Energy Corporation

+ Fiddlehead Resources Corp. agreed to acquire a $25.0 million portfolio of of producing assets

+ fire season 2004 is underway: Alberta wildfire concerns are well founded;   26 fires are active – 12 of them are new/2024 fires – one are out of control  ~ recent rainfall has cut the fire risk and reduced threat to communities for a while but predicted drought conditions has Alberta Forest Service concerned

+ fire season 2004 – O&G production interruption/shut in announcements this week:

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ FACILITYCalgary celebrates 25 years of this newsletter – new website format, and feature rolling out as we enter our 26th year!

+ Honeywell completed its US$4.95 billion acquisition of Carrier’s Global Access Solutions business unit

+ Lanesborough REIT to sell all its properties and wind-up/terminated the REIT

+ MNP acquired Halpert Monsma Chartered Professional Accountants

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: steady at 600 this week; Canada: up 8 to 128 this week

+ Surge Energy Inc. closed its sale of a portfolio of non-core assets for $37.4 million

+ Westgate Energy Inc. completed its merger with Grafton Venture Energy Holdings Corp.

+ WeWork restructuring approved; they will exit bankruptcy – the downsized business is being acquired by a consortium of lenders and Yardi Systems




THIS WEEK IN FINANCINGS 
- proposed & closed

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 15; Diamond Gala – Calgary Real Estate Board Gala, ‘new’ BMO Centre, Calgary Stampede Grounds; info / tickets

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

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




SHAKERS AND MOVERS 
appointments and disappointments 

+ Azim Lalani, CFO @ Auto Canada Inc., resigned

+ Chad Ford to Director, Innovation and Stakeholder Information Managment @ WSP Canada

+ Daniel Adams to Director @ Cathedral Energy Services Ltd.

+ Gitane De Silva to Special Advisor @ Blue Rock Law LLP [ my interview of Gitane when she was ‘our man in Washington’ ]

+ Harry Taylor to Exec VP, CFO & Regulatory Officers @ Hydro One Limited

+ Mike Galvin, Director @ Martello Technologies Group Inc., resigned

+ Peter Bull, Director @ Adentra Inc., stepped down

+ Samuel Cochrame to CFO @ Auto Canada Inc.

+ Zhen Jiang to CFO @ Vital Energy

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 REMEMBRANCE 

+ Rod McLennan, K.C.; legendary brilliant legal mind, founder of McLennan Ross law firm, and leader in the Edmonton community causes and charities; 87

+ Ron Slack; central Alberta rancher, horseman, Wild Rose Stallion Station and wildlife habitat preservationist; 84




 HR + WORKPLACE TRENDS + HSE 

+ Future-proofing workspaces – aligning real estate choices with business needs ...

+ the full spectrum workplace ...

+ are co-working and net-zero goals helping and/or reshaping commercial real estate




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Canada Post published its 2023 Sustainability Reports

+ Chartwell Retirement Residences published its 2023 ESG Report

+ Colliers International Group Inc. published its 2023 Global Sustainability Report

+ Frontera Energy Corporation published its 2023 Sustainability Report

+ GreenShield published its 2023 Social Impact Report

+ NexGen Energy Ltd. published its 2023 Sustainability Report

+ West Fraser Timber Co. Ltd. published its 2023 Sustainability Report

+  WestJet Group published its Accessibility Plan Progress Report




 CONTRUCTION - BUILDING SERVICES NEWS 

+Colliers agreed to acquire Englobe Corporation  – a Montreal area engineering firm for US$474.0 million

+ Eau Claire Market it closed – demolition to be underway soon to make way for C-train/Green Line construction

+ Honeywell completed its US$4.95 billion acquisition of Carrier’s Global Access Solutions business unit




 P3 / INFRASTRUCTURE 

+ Canada Infrastructure Bank investing $337.0 million in Hydrogen refueling stations for HTEC

+ City of Calgary to close and decommission Inglewood pool




 REITs + TRUST NEWS 

+ Lanesborough REIT to sell all its properties and wind-up/terminated the REIT

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag




 INTERESTING TRENDS/NEWS: RETAIL

+ Indigo Books & Music Inc. completed its sale to Trilogy Investments L.P.




 INTERESTING TRENDS/NEWS: OFFICE 

+ are co-working and net-zero goals helping and/or reshaping commercial real estate? 

+ WeWork restructuring approved; they will exit bankruptcy – the downsized business is being acquired by a consortium of lenders and Yardi Systems




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Reconcilitation Energy Transition Inc. formed a JV with Sumitomo Corporation Group to develop the RETI East Calgary Region Carbon Transportation and Sequestration Hub project




 SHAREHOLDER MEETINGS

+ June 4; TC Energy Corporation, Annual and Special Meeting of Common Shareholders, Calgary

+ June 11; ADF Group Inc., Annual Meeting of Shareholders, Laval

+ June 12; Dollarama Inc., Annual General Meeting of Shareholders, Montreal

+ June 13; The Investment Industry Association of Canada, Annual General Meeting, Toronto

+ June 17; High Arctic Energy Services Inc., Annual General and Special Meeting of Shareholders, Calgay

+ June 18; Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, Dublin

+ June 20; Africa Energy Corp., Annual General And Special Meeting of Shareholders, Vancouver

+ June 20; BTB REIT, Annual General Meeting of Unitholders, Montreal

+ June 20; Invesque Inc., Annual General Meeting, Toronto

+ June 26; Aimia Inc., Annual Meeting of Shareholder, Toronto

+ Aug. 20; Dye & Dunham Limited, Special Meeting of Shareholders, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

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




 SAVE THE DATE / upcoming events

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 15; Diamond Gala – Calgary Real Estate Board Gala, ‘new’ BMO Centre, Calgary Stampede Grounds; info / tickets

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

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




 SAVE THE DATE / upcoming events

+ June 10; Headwater Learning Foundation – Golfing for Good Tournament, Glencoe Golf & Country Club; info / register *** Banquet speaker: Karen Gosbee

+ June 20; IFMA Calgary Chapter – IFMA Calgary Open; Lynx Ridge Golf Club, Calgary; sponsorship / golf

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ July 11; 22nd Annual COAST Hotels, Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta; register

+ July 17; Calgary Construction Association - 80th Anniversary Classic Golf Tournament, Springbank Links; info/register

+ Aug/ 16 – 18; Rogers Charity Classic/PGA Seniors Tour, Canyon Meadows; tickets/sponsors information tba

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

+ Sept. 23; Camp Chief Hector Golf Tournament, Bearspaw Golf Course, Calgary

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




 KUDOS 

+ to the Edmonton Oilers – advancing to the Stanley Cup Final round, the first time a Canadian team has achieved that in a very long time ….


                                                     

FACILITYCalgary - published by MaxComm Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.© 1999 - 2024  

                                                     

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this site last updated May 6, 2025