FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



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 ...



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



 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
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
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 ]



FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2017 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.





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


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com