FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Bill Doherty to Pres. & CEO @ Day & Ross Inc.

+ Bruce Beynon to Pres. & Director @ Raging River Exploration Inc.

+ Cait Houston to Associate @ The Caldwell Partners

+ Claude Miron to VP, Growth Equity @ BDC Capital

+ Dale Dyck to VP Strata @ FirstService Residential

+ David Kahn to Leader @ Alberta Liberal Party

+ Debra Hess to Trustee @ Crombie REIT

+ Debra Kelly-Ennis to Director @ TFI International Inc.

+ Dong Shim to CFO & Secretary @ Mission Ready Services Inc.

+ Dr. Linda Dudar, Dean of Education @ St. Mary’s University, retired

+ François Bourdon to Global Chief Investment Officer @ Fiera Capital Corporation

+ Gary Cochrane to Partner @ Fasken Martineau DuMoulin

+ Greg Woodring, Director @ Sun Life Financial Inc., resigned

+ Ian Arellano to Exec VP & General Counsel @ Scotiabank

+ James Fair, Director @ PetroShale Inc., stepping down

+ Jean-Guy Desjardins to Pres. @ Fiera Capital Corporation

+ Jeff English, Director @ Solium Capital Inc., stepped down

+ Jeff Penney to Lead, Business Dev. and Stakeholder Relations @ Canadian Natural Resources Limited

+ Johanne Rohde to Director @ Solium Capital Inc.

+ John Doucet, Pres. & CEO @ Day & Ross Inc., retiring

+ John Valentini to Pres. Private Alternatives @ Fiera Capital Corporation

+ Jose Perez-Bello to Sr. VP, CFO & Treasurer @ Greenfields Petroleum Corporation

+ Marcella Szel to Director @ Wawanesa Insurance

+ Marck Adkind to Managing Partner @ McCarthy Tetrault

+ Marty Proctor to Pres. & CEO @ Seven Generations Energy Ltd.

+ Mike Wood to Pres. & CEP @ PetroShale Inc.

+ Neil Roszell to CEO & Executive Chairman @ Raging River Exploration Inc.

+ Pat Carlson, CEP @ Seven Generations Energy Ltd., retiring

+ Paul Takalo to Interim CFO & CP Finance @ FLYT Aerospace Solutions Ltd.

+ Paul Taylor to Sr. Associate @ Borden Ladner Gervais LLP

+ Sebastien Provost to CFOR @ TerraVest Capital Inc.

+ Steve Spaulding to Pres. & CEO @ Gibson Energy Inc.


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




 IN MEMORIUM 


+ David Robottom, Q.C., lawyer and former Exec. VP and Chief Legal Officer @ Enbridge Inc., died




 SAVE THE DATE / upcoming events


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

+ June 17; Breakfast on the Bridge, Peace Bridge @ 5AM, Calgary, info/tickets - call 403-410-2320 ext. 3591 or visit calgarymfrc.ca

+ Aug. 12-13; 9th Annual Enbridge Ride to Conquer Cancer; info/register/sign-up/sponsor

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

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

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

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


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ ASC – Alberta Securities Commission

+ 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

+ 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

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated June 6, 2017




 TODAY'S HEADLINES


HEADLINES: CNRL closed $8.24 billion acquisition | Cardinal Energy $330.0 million buy | GFL buys Envirocan | Keyera $470.0 million project green light | Ritchie Bros. acquires IronPlanet | TransCanada asset sales | Woodbridge LNG license approved + Samara Felesky-Hunt interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

The week's conversation with Samara Felesky-Hunt, Dietition and Nutritional Consultant

A recent conversation with Anthony Sanni, speaker/educator

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



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 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



PUT YOUR 
COMPANY HERE
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BRAND HERE



 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ June 19; Veteran's Food Bank, 9th Annual Golf Tournament, Pinebrook Golf and Country Club, Calgary; info/registration

+ June 22; 56th Annual, CSPG Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ June 26; Rotary Stay-in-School 21st Annual Charity Golf Tournament, Hamptons Golf Club, Calgary; info/register

+ July 6; 26th Annual Parkinson Tulip Tournament, Sirocco Golf Club, Calgary; info/register

+ July 6; 15th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register


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



 SHAREHOLDER MEETINGS

+ June 8; Workers’ Compensation Board, Annual General Meeting, Edmonton

+ June 12; Granite REIT, Annual Meeting, Toronto

+ June 14; K-Bro Linen Inc., Annual General Meeting, Toronto

+ June 15; Granite REIT, Annual Meeting of Unitholders, Toronto

+ June 15; Granite REIT Inc., Annual Meeting of Shareholder, Toronto

+ June 19; H&R REIT, Annual Meeting, Toronto

+ June 19; H&R Finance Trust, Annual Meeting, Toronto

+ June 22; Northern Blizzard Resources Inc., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Marquee Energy Ltd., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Penn West Petroleum Ltd., Annual and Special Meeting, Calgary

+ June 27; Eagle Energy Inc., Annual Meeting, Calgary

+ June 27; Sunshine Oilsands Ltd., Annual Meeting of Shareholder, Hong Kong

+ June 28; GrowMax Resources Corp., Annual and Special Meeting, Calgary

+ July 6; PetroShale Inc., Annual and Special Meeting, Calgary


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



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NEWS SUMMARY 
 May 30 ~ June 6


+ Canadian Natural Resources Limited closed is $8.24 billion acquisition on Athabasca Oil Sand Projects, other oil sands interests and 70% of Scotford upgrader and Quest Carbon Capture from Shell Canada Limited

+ Cardinal Energy Ltd. agreed to acquire a portfolio of Western Canada light oil assets for $330.0 million

+ Crius Energy Trust agreed to acquire U.S. Gas & Electric Inc. for US$172.5 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices continue to slump on over-supply worries and concerns that countries cutting ties with Qatar will disrupt OPEC-production cutback solidarity … tic toc

+ Dakota Access pipeline began shipping oil

+ EPCOR Water (USA) Inc. acquired Hughes Gas Resources Inc.

+ GFL Environmental Inc. acquired Envirocan Environmental Services

+ HOOPP acquired 50% of TransCanada Tower from H&R REIT for $257.37 million

+ Keyera Corp. announced it will go ahead with its Wapiti natural gas gathering and processing complex near Grand Prairie; Phase I will be $470.0 million, start-up is mid-2019

+ Northern Blizzard Resources Inc. is changings its name to Cona Resources Ltd.

+ Oliver & Boancini opened a 50,000 sq. ft. event venue within the downtown Hudson’s Bay building

+ Paramount Resources Ltd. closed $150.0 million sale of its Valhalla area oil & gas properties

+ PetroShale Inc. acquired South Berthold area acreage for US$9.0 million

+ PMI Resources Ltd. changed its name to PentaNova Energy Corp.

+ rig counts – this week, up 6 to 99

+ Ritchie Bros. completed its $758.5 million acquisition of IronPlanet

+ Rooster Energy Ltd. and related companies filed for Chapter 11 Bankruptcy Protection

+ TC Pipelines LP closed its acquisition of Iroquois and PNGTS pipelines from TransCanada Corporation for $765.0 million

+ TransCanada Corporation closed the US$2.1 billion sale of U.S. northeast power assets to Helix Generation LLC

+ Trican Well Service Ltd. and Canyon Services Group Inc. completed their combination; will operate as Trican

+ Trilogy Energy Corp. closed the $50.0 million sale of its Valhalla/Grande Prairie area assets

+ Trilogy Energy Corp. closed the $60.0 million sale of its Duvernay/Kaybob area assets

+ Woodfibre LNG Limited was granted a 40-yr. LNG export license




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Air Canada secured US$1.1 billion in new credit facilities

+ American Hotel Income Properties REIT is on the market to raise $190.million in equity

+ American Hotel Income Properties REIT is on the market to raise US$42.5 million in convertible debt

+ Cardinal Energy Ltd. is on the market to raise $170.0 million in equity

+ CIBC closed $800.0 million preferred share issue

+ Discovery Air Inc. secured a new $13.0 million credit facility

+ Intact Financial Corporation is on the market to raise $425.0 million in unsecured debt

+ Marquee Energy Ltd. secured $30.0 million subordinated debt financing

+ Mission Ready Services Inc. closed $1.5 million secured convertible debt financing by private placement

+ Oncolytics Biotech Inc. closed $11.5 million equity financing

+ Slate Retail REIT closed $74.8 million equity financing

+ Slate Retail REIT closed $2.5 million equity financing by private placement

+ Whitecap Resources Inc. closed $200.0 million sr. secured debt financing




 QUOTES

- Life’s not about how hard of a hit you can give .. it’s about how many you can take, and still keep moving forward. – Rocky Balboa (Sylvester Stallone)

+ All you need in this life is ignorance and confidence, and then success is sure. – Mark Twain




 KUDOS

+ to Al Monaco, Pres. & CEO @ Enbridge Inc., named 2017 Energy Person of the Year by Energy Council of Canada

+ to Avinash Patel, longtime Calgary volunteer, given the Sovereign Medal for Volunteers by Governor General David Johnston

+ to the Hunter Family, for their $40.0 million gift to University of Calgary; will contribute to $100.0 million facility on campus to support entrepreneurs and nurture innovate businesses across faculties




 this week in REITS 


+ American Hotel Income Properties REIT agreed to acquire an 18 property portfolio of NE U.S. hotels for US$407.4 million

+ American Hotel Income Properties REIT is on the market to raise $190.million in equity

+ American Hotel Income Properties REIT is on the market to raise US$42.5 million in convertible debt

+ CAP REIT acquired Brookside Gardens (44 units) in Maple Ridge, BC for $10.9 million

+ Debra Hess to Trustee @ Crombie REIT

+ Slate Retail REIT closed $74.8 million equity financing

+ Slate Retail REIT closed $2.5 million equity financing by private placement

+ True North Commercial REIT agreed to acquired 3 properties (GTA, Ottawa, Victoria) for $53.6 million




 INFRASTRUCTURE / P3  


+ GOA announced a new $400.0 million hospital for the Heritage Valley area of SW Edmonton (Ellerslie Road & 127 Street); 320 acre site will grow into a campus in time – plans for expansion go beyond 2040

+ GOA announced $100.0 million in STIP funding for 87 rural infrastructure projects over three years

+ Public Sector Pension Investment Board (PSP Investments) and Grupo Aeroportuario del Sureste, S.A.B. de C.V. acquired a 50% interest in Aerostar Airport Holdings LLC, operator of Luis Muñoz Marín International Airport, San Juan, Puerto Rico for US$430.0 million




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Donald Trump announced the United States will pull out of the Paris Climate Change Accord; it takes four years to fully withdraw – meanwhile the ripples are rippling … tic toc




INTERESTING REAL ESTATE NEWS, other places


+  Ivanhoé Cambridge and Callahan Capital Properties acquired 85 Broad Street (1.1 million sq. ft.) in Manhattan for US$650 million

+ QuadReal Property Group agreed to acquire 56 Yonge St. (Hotel Victoria) in Toronto; terms not disclosed




 CONSTRUCTION NEWS + INNOVATION 


+ Daikin Industries Ltd. completed its 4.2 million sq. ft. facility in Waller Country near Houston; 2nd-largest manufacturing facility in North America, and largest tilt-wall structure in the world


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.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025