FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amanda Reitenback to VP Dev. & Operations @ Strategic Oil & Gas Ltd.

+ Ashleight Everett to Director @ Wawanesa Insurance

+ Bindu Wyma to Director @ Gear Energy Ltd.

+ Brian Craig to Director @ Katipult Technology Corp.

+ Brian Peccarelli to Co-COO @ Thomson Reuters

+ Carol Johnson to Director @ Avison Young

+ Chadwick Westlake to Sr. VP Structural Cost Management @ Scotiabank

+ Charles Emond to Exec. VP Finance @ Scotiabank

+ Charron Ungar to CEO @ Homes by Avi Group of Companies

+ Chris Bardell to Mgr. Bus. Dev. @ Ledcor

+ Christopher Strong to Director @ Grande West Transportation Group Inc.

+ Christy Clark to Sr. Advisor @ Bennett Jones LLP

+ Cody Smith, COO @ Strategic Oil & Gas Ltd., resigned

+ Corey Goulet to VP, Pipeline @ Steelhead LNG

+ Craig Bryska to Interim Pres. & CEO @ Crescent Point Energy Corp.

+ David Mullen, Director @ Parkit Enterprises Inc., resigned

+ David Weinerth to Pres., Smart Buildings @ Universal mCloud Corp.

+ Douglas Urch to Chairman @ Sterling Resources Ltd.

+ George Flemming to Director @ Mosaic Capital Corporation

+ Greg Florence to CFO & Corporate Secretary @ E3 Metals Corp.

+ Howard Schultz, Founder & Executive Chairman @ Starbucks Corp., stepping away from the company

+ Ian MacLeod to Sr. VP Multi-Family, Eastern Canada @ ONE Properties

+ Ian Tweedie to CFO @ Jaguar Resources Inc.

+ Jacob Coonan, Sr. VP & CFO @ McCoy Global Inc., leaving the company

+ Joel Dumaresq, Director @ Parkit Enterprises Inc., resigned

+ Katherine Bardswick to Director @ Wawanesa Insurance

+ Kevan Gorrie to CEO @ Granite REIT

+ Lucille Selmanovic to Account Exec. @ McCrum’s Office Furnishings

+ Mark Gardhouse to Pres, CEO & Director @ Mosaic Capital Corporation

+ Mike Lake to Pres. Entero Mosaic Div. @ Quorum Canada

+ Miranda Ballentine to CEO @ Constant Power Inc.

+ Neil Masterson to Co-COO @ Thomson Reuters        

+ Nick Cristiano to CFO & Corp. Secretary @ Hyduke Energy Services Inc.

+ Raj Viswanathan to Acting CFO @ Scotiabank

+ Randy Boyd, CFO @ Jaguar Resources Inc., resigned

+ Roy Queener to Pres. @ Quorum Canada

+ Scott Caverley to VP Industrial, GTA @ ONE Properties

+ Scott Saxberg, Pres., CEO & Director @ Crescent Point Energy, stepped down

+ Steve Robb to VP Sales @ Quorum Canada

+ Tracey Erler to Lawyer @ Aarbo Fuldauer LLP

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

 MEMORIAM

+ Ross McBain, founder of Edmonton’s McBain Camera, community leader and philanthropist; 94

 KUDOS 

+ to recipients of Honorary Degrees at University of Calgary; Hayley Wickenheiser, Marie Delorme, Harvey Lock, Stephanie Nolen, David Pierce, Kim Sturgess, Brian Jackson and Peter Doherty … waytogo!

 HUMAN RESOURCE + WORKPLACE TRENDS 

+ can employers refuse jobs to medical pot users? … seems they can

+ harassment in the workplace

  GLOSSARY + ABBREVIATIONS + ACRONYMS 
+ 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
+ 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
+ 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
+ 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
+ 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

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this  site is refreshed with a new issue every Tuesday morning

updated June 5, 2018

 TODAY'S HEADLINES


HEADLINES: Altura sale | crude down | Irving ownership shift | Keyera expanding Wapiti | PBA building two hotels | Petronus commit to LNG stake | Scotiabank buys MD | Velvet takeover bid + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress

CONVERSATIONS

Last week's conversation with Bob (Simon) Whitworth, Founder/Pres. of Simple Simon Pies
A recent conversation with Mona Cooley, Founder/CEO @ Cool Family Solutions
Click here to access the archive: archived conversations with fascinating Calgarians ...

 sponsors of this week's issue:

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

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

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION

 
DATA CENTRE

e-mail: June.Read@DataHive.ca

e-mail Norm Landry
 
PROJECT MANAGEMENT

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 to Katherine Robinson, Managing Director

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

CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING

A great new listing: Mark Kolke, MaxWell South Star Realty and Joy Peacock, Re/MAX Central invite you to check out this new listing For Sale:
31079 Woodland Heights, Calgary
BEARSPAW beauty - FOR SALE - click to contact Mark Kolke, Agent

CONTACT MARK KOLKE 
RESIDENTIAL SALES

 CALGARY OLYMPICS 2026 BID WATCH 

+ Calgary City Council authorizing an ovation to re-start new arena negotiations with the Calgary Flames; the Flames remain silent on the issue.

 SAVE THE DATE / upcoming events
+ June 4-6; OPEX Summit; Operational Excellence in Energy Chemical & Resources, BMO Centre, Calgary; info/agenda

+ June 6; U of C/School of Public Policy, ‘Bridging Divides: In Search of Sound Public Policies for Energy and Environment in Canada, Fairmont Palliser Hotel, Calgary; register/tickets

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register , registration now open

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ June 20-21; 7th OPEC International Seminar, Vienna, Austria

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details
[send your event notices to:  kolke@facilitycalgary.com ]

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NEWS SUMMARY 
 May 29 ~ June 5 

+ Altura Energy Inc. closed the sale of a portfolio of east-central Alberta and Saskatchewan assets for $28.4 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices down this week as hedge funds step back, traders expecting OPEC to expand output …

+ Fairfax Financial Holdings Limited closed its acquisition of Toys “R” Us (Canada) Ltd.

+ Government of Canada beginning the process of ‘selling’ it’s recently acquired TransMountain Pipeline system, right of way and ‘right to build the approved expansion’ … tic toc

+ Irving Oil news; Arthur Irving Family Trust bought out the interest of Jack Irving’s family to assume full ownership of the company founded by K.C. Irving … brawl in the family? …

+ Keyera Corp. announced  it is going forward with Phase II expansion of its Wapiti Gas Plant; expected to complete by mid-2020, capital cost $150.0 million

+ PBA Land and Development announced commencement of development on its 525 – 5th Ave SW site; two hotels in one; The Dorion will be comprised of two 27-storey towers; a Courtyard by Marriott  (180 keys) and a Marriott Autograph Collection (120 keys) flags will fly

+ Petronas’s North Montney LNG Limited Partnership agreed to acquire a 25% stake in LNG Canada

+ rig counts: up 19 to 99; full breakdown

+ Scotiabank agreed to acquire MD Financial Management for $2.585 billion

+ trade with U.S. rumbles are turning to reality; a new NAFTA deal still looks doubtful and duties on steel and aluminum are now in effect against Canada – mixed messages from the Trump administration seem unduly focused on sunset clause, dispute resolution and dairy … with tariffs being the Trump weapon of choice … tic toc

+ U.S. rig counts: up one to 1,060; full breakdown

+ Velvet Energy Ltd. commenced an unsolicited offer to acquire Iron Bridge Resources Inc.

+ welcome to our newest sponsor at FACILITYCalgary: Jones Brown Insurance

+ World Environment Day 2018 today focuses on elimination of plastic: #BeatPlasticPollution

THIS WEEK IN FINANCINGS 
- proposed & closed

+ Calfrac Well Services Ltd. closed US$650.0 million sr. debt financing

+ Fronterra Energy Corporation is on the market to raise US$500.0 million in sr. unsecured debt

+ InPlay Oil Corp. secured $75.0 million credit facility

+ Pine Cliff Energy Ltd. secured $45.0 million credit facility

+ Scotiabank is on the market to raise $1.5 billion in equity

+ SNC-Lavalin closed $150.0 million unsecured debt financing by private placement

+ Source Energy Services Ltd. closed $50.0 million sr. secured debt financing

+ TerraGo Inc. is on the market to raise $6.0 million in equity

+ Tervita Corporation closed US$250.0 million sr. secured debt financing

*editor’s note: names companies involved in debt financings we report in this section are ALWAYS the borrower …

 this week in REITS 

+ BSR REIT closed its acquisition of Brandon Place (200 units), Oklahoma City for US$23.4 million

+ Kevan Gorrie to CEO @ Granite REIT

+ Plaza Retail REIT closed the sale of a 50% JV interest in 1000 Islands Mall in Brockville, ON

 QUOTES 

+ Someone is sitting in the shade today because someone planted a tree a long time ago. – Warren Buffet

+ In a gentle way, you can shake the world. – Mahatma Gandhi

 INTERESTING THINGS IN RETAIL 

+ Canada Goose is opening two retail stores in China – HongKong and Beijing

+ RioCan REIT offering 10 shopping centres For Sale in London

 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 

+ Cadillac Fairview acquired a 60% interest of its partner to now hold 100% of The Ritz-Carlton hotel in Toronto

 SHAREHOLDER MEETINGS

+ June 5; Karnalyte Resources Inc., Annual and Special Meeting, Saskatoon

+ June 6; Street Capital Group Inc., Annual and Special Meeting of Shareholders, Toronto

+ June 7; Dollarama Inc., Annual Meeting of Shareholders, Montreal

+ June 7; Fiera Capital Corporation, Annual General and Special Meeting of Shareholders, Montreal

+ June 13; K-Bro Linen Inc., Annual General Meeting, Toronto

+ June 15; Roots Canada, Annual General Meeting, Toronto

+ June 25; New West Energy Services Inc., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Eagle Energy Inc., Annual General Meeting, Calgary

+ July 6; Callidus Capital Corporation, Annual General Shareholders Meeting, Toronto
[send your event notices to:  kolke@facilitycalgary.com ]

 INFRASTRUCTURE / P3  

+ Calgary City Council authorizing an ovation to re-start new arena negotiations with the Calgary Flames; the Flames remain silent on the issue.

 CONSTRUCTION NEWS + INNOVATION 

+ Trans Mountain pipeline expansion – construction to start this summer …

 CHARITY GOLF TOURNAMENTS 

+ June 8; 16th Annual Alberta Treasury Management Charity Classic, Canmore Golf and Curling Club, Canmore; info/register

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ June 26; University of Calgary Chancellor’s Challenge Golf Tournament, Country Hills Golf Club; info/registration - contact

+ July 5; 16th Annual Coast Hotels-Shuhachi Naito Golf Classic, Tsawwassen Springs, Delta, BC; info/register
[send your tournament notices to:  kolke@facilitycalgary.com ]

 CORPORATE RESPONSIBILITY REPORTS 

+ Energir published its 2017 Sustainability Report
Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


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this site last updated May 27, 2025