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 

+ Alec Blundell to Exec. VP & COO @ Co-operators Life Insurance Company

+ Alec Blundell to Pres. & CEO @ The CUMIS Group Limited

+ April Moon to Director, Asset Performance Mainline @ Enbridge Inc.

+ Bob Myroniuk, Exec. Director @ RECA, retiring

+ Chris Love, Director – Building Science, Alberta @ WSP, retiring

+ Christian Hensley to Sr. Managing Dir., Public Equities and Credit @ Investment Management Corporation of Ontario

+ Colin Copp to COO & Pres. @ Chorus Aviation Inc.

+ David French, Pres. & CEO @ Obsidian Energy Ltd., stepping down

+ David Kitchen to Counsel @ Fasken Martineau Dumoulin

+ Doug Niwa to Principal, Interior Design @ Kasian Architecture Interior Design and Planning

+ Eric Ashton to Gen. Mgr. Calgary Beltline @ Marriott Residence

+ Gary Osborne to CFO @ Chorus Aviation Inc.

+ Guy Mersereau to Director, Communications & Business Relations @ Stream-Flo Industries

+ Jamie Wilkie to Principal, Calgary @ The Marquee Group

+ Jason Munoz to Global Talent Acquisition Mgr. @ Weatherford

+ Jeff Shea to Director, Sales and Marketing @ Shing Digital

+ Jeremy Johnson to Project Mgr. @ Cougar Contractors Ltd.

+ Jolene Mahody to Exec. VP & Chief Strategy Officer @ Chorus Aviation Inc.

+ Kim Green to Principal @ Kasian Architecture Interior Design and Planning

+ Larry Richman to Chair, US Region, CIBC Bank USA @ CIBC

+ Mary Anne Moser to Pres. & CEO @ Telus Spark

+ Michael Capatides to Pres. & CEO, CIBC Bank USA @ CIBC

+ Michael Faust to Interim Pres. & CEO @ Obsidian Energy Ltd.

+ Patrick Dalton, Interim CEO @ Callidus Capital Corporation

+ Randolf deGooyer to Pres. Jazz Aviation @ Chorus Aviation Inc.

+ Ray Archer to IT Services Consultant @ Konica Minolta IT Services

+ Reena Sharma to VP, Professional Search @ Optimum Talent

+ Richard Flynn, Exec. VP & Chief Corporate Dev. Officer @ Chorus Aviation Inc., retired

+ Rick Breen to Partner @ Miller Thomson LLP

+ Rod Miller to Interim Pres & CEO @ CPHR Alberta

+ Sarah Urbanowski to Sr. Advisor, Brand & Marketing @ ATCO Energy

+ Shannon Darragh to Sr. Mgr., Retail Leasing @ Hopwell Development

+ Shawn Hanson to VP Property Management @ RoyOp Development

+ Terrance Doyle to Pres., Strategic Growth and Chief Compliance Officer @ Great Canadian Gaming Corporation

+ Tina Chow to Sr. VP Private Client Group @ Raymond James Ltd.

+ Yvonne Steiner to Head of Property @ Zurich Canada

~

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




 MEMORIAM

+ Al Gelmon, Calgary developer and philanthropist; 92

+ Darcy Belanger, Director, Professional Dev. U.S. Operations at PCL Construction – killed in plane crash in Ethiopia; 46

+ Derick Lwugi, Sr. Financial Accountant @ City of Calgary – killed in plane crash in Ethiopia; 45

+ Sparkie Milner, Edmonton disability advocate, extraordinarily kind man and friend; 91




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Conference Board of Canada published its: Benefits Benchmarking 2019 report (116 page download)




 KUDOS 

+ to the Calgary Zoo – released 66 greater sage-grouse into the wild




 QUOTES 

+ You never know when a moment and a few sincere words can have an impact on a life. – Zig Ziglar

+ It is better to fail in originality than to succeed in imitation. – Herman Melville




  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

+ 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

+ 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

+ 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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current week data

this  site is refreshed with a new issue every Tuesday


updated March 12, 2019




 TODAY'S HEADLINES


HEADLINES: welcome Operation Eyesight | CCMP acquiring Brookfield Global Integrated Solutions | Inter Pipeline polypropylene plant | Pengrowth ‘strategic review’ + 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:

Last week's conversation with Mike Bodnar, Managing Principal @ Buffalo Fire Engineering Ltd.

A recent conversation with Karen Brookman, Chief Innovation Officer @ West Canadian Digital Imaging

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



 sponsors of this week's issue:

e-mail Lynne Nieman, Partnerships Officer
 
SUPPORTING VISION PROJECTS WORLDWIDE - you can help!



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



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



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



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



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



e-mail Elaine Evans
 
FURNISHED EXECUTIVE RENTAL SUITES



 CONSTRUCTION NEWS + INNOVATION 

+ Sidewalk Labs project in Toronto unveiled ‘Building Raincoat’; yes, really … check it out

+ TransitNEXT (SNC-Lavalin subsidiary) won $660.0 million contract to build light-rail extension project in Ottawa




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+Canada Green Building Council says zero-carbon buildings offer meaningful greenhouse gas (GHG) reductions and positive financial returns over a 25-year life cycle

+ U.S. Energy Information Administration reported that 60% of new electrical generating capacity installed in 2018 was natural gas fired …




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 21; MOC Summit Golf Tournament for MBI Canadian Foundation, Fairmont Banff Springs GC, Banff; info/register

+ 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

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

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

+ 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 
 March 5 ~ 12 


+ a warm welcome to a new FACILITYCalgary sponsor: OPERATION EYESIGHT – explore how you can partner with Operation Eyesight for your CSR or employee giving program, and join them in the global fight against avoidable blindness. Email Lynne Nieman, Partnerships Officer 

+ Bank of Canada held its benchmark overnight rate at 1.75% because Canadian economic slowdown worse that predicted

+ CCMP Capital Advisors LP agreed to acquired Brookfield Global Integrated Solutions for US$1.0 billion; management team to remain in place

+ Crescent Point Energy Corp. booked $2.73 billion asset writedown …

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; WTI and Brent crude prices up as markets react to OPEC supply cuts, reduced North American drilling activity and Venezuela output uncertainty (power outages and political disruption)

+ Distinct Infrastructure Group Inc. in court ordered receivership; Deloitte Restructuring Inc. is receiver and manager

+ Elcano Exploration Inc. et al entered CCAA protection; Hardie & Kelly Inc. appointed Monitor

+ Inter Pipeline announced it will go forward with $3.5 billion (Heartland Petrochemical Complex) in Strathcona County; Government of Canada is contributing $49.0 million to the project for clean technology elements of the project

+ laugh of the week: International Arbitration Tribunal ordered Venezuela to pay ConocoPhillips US$8.7 billion for nationalizing investments … tic toc

+ MEG Energy announced it will delay oilsands expansion due to delay in Enbridge Line 3 replacement project …

+ Norway’s national wealth fund announced plans to reduce its exposure to oil & gas companies; will sell US$7.5 billion in shares in 134 (26 Canadian firms) companies in an orderly disposition over time

+ Paramount Resources Inc. announced its 2019 CapEx Budget is $350.0 million

+ Pengrowth Energy Corporation engaged advisors to conduct a strategic review process …

+ Questerre Energy Corporation agreed to acquire a portfolio of Quebec assets for $11.0 million

+ rig counts - Canada: down 22 to 189 this week; click for full breakdown

+ rig counts – U.S.: down 11 to 1,027 this week; full breakdown

+ STEP Energy Services announced 13% administrative staff cuts …

+ Trudeau government SNC-Lavalin crisis: OECD concerns, cabinet resignations, more hearing appearances by Wilson-Raybould are likely; lame explanations/no apology, polls in free-fall … tic toc – maybe time for PM to take walk in a snow storm




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Canadian Pacific Railway Company is on the market to raise $400.0 million in debt

+ Drone Delivery Canada Corp. is on the market to raise $11,523,000.0 in equity

+ H&R REIT secured $250.0 million sr. unsecured debt financing

+ IOU Financial Inc. secured US$50.0 million credit facility

+ Lightspeed POS Inc. is on that market to raise $240.0 million in equity by IPO

+ Renaissance Oil Corp. closed $5.0 million secured convertible debt financing by private placement

+ SQI Diagnostics Inc. closed $2.26 million final tranche of an equity financing by private placement

+ WELL Health Technologies Corp. closed $2.728 million equity financing 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 …




 CORPORATE RESPONSIBILITY REPORTS  


+ CIBC released its 2018 Corporate Responsibility Report and Public Accountability Statement




 INFRASTRUCTURE / P3  


+ AIMCo closed its acquisition of 90% interest in Eolia Renovables de Inversiones, S.C.R., S.A. , a Spanish power producer

+ Distinct Infrastructure Group Inc. in court ordered receivership; Deloitte Restructuring Inc. is receiver and manager

+ West ring road contracts signed; GOA signed contracts ($89.0 million and $463.0 million) for further elements of between Old Banff Coach Road and the TransCanada – includes Bow River bridge twinning …




 INTERESTING THINGS IN RETAIL REAL ESTATE 


+ Abercrombie & Fitch announced it will close up to 40 additional stores in 2019 …

+ Lauft, a co-working company is looking at malls with vacancy issues as an alternative to office buildings – landlords are liking it … tic toc  




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Holloway Lodging Corporation sold its Days Inn and Travelodge properties in Moncton, NB for $14.0 million

+ Oxford Properties is selling 40% of its € 2.8 billion Australian assets held in the Investa Office Fund

+ Sigma Holding GmbH in partnership with RFR Holding LLC agreed to buy the Chrysler Building in NYC for US$150.0 million

+ Toys R Us Property Company I, LLC emerged from bankruptcy; the U.S. company will continue to operate 168 remaining stores in 40 states




 this week in REITS 


+ H&R REIT secured $250.0 million sr. unsecured debt financing


 SAVE THE DATE / upcoming events

+  Mar. 20; 2019 EPAC Awards Luncheon, Calgary Petroleum Club; info/register

+ Apr. 4; Vancouver Real Estate Forum, Vancouver Convention Centre West; info/register

+ Apr. 3-5; Economic Developers Alberta, 2019 Annual Conference, Banff Centre, Banff; info/register

+ Apr. 9-10; ISA Calgary Show, Stampede Park, Calgary; info/book exhibit space

+ April 23; Canadian Gas Dialogues, Calgary Petroleum Club, Calgary; info/register

+ Apr. 29 – May 1; Canada’s Trends Conference, Fairmont Banff Springs, Banff; info/register

+ Apr. 30; Saskatchewan Real Estate Forum, Saskatoon; info/register

+ May 8; Western Canada Apartment Investment Conference, MacEwan University, Edmonton; info/register

+ May 9; Edmonton Real Estate Forum, Edmonton Convention Centre; info/register

+ May 27-29; Williston Basin Petroleum Conference, Delta by Marriot Regina, SK; info/register

+ June 3-4; 2019 Oil Sands Innovation Summit, Hyatt Regency, 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

+ 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

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


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



 SHAREHOLDER MEETINGS

+ Mar. 15; Sun Life Financial, Annual Meeting of Common Shareholders, Toronto

+ Mar. 20; Calgary Exhibition and Stampede Limited, Annual General Meeting of Shareholders, Calgary

+ Mar. 21; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Mar. 26; ZCL Composites Inc., Speech Meeting of Shareholders and Security Holders, Edmonton

+ Mar. 28; Crius Energy Trust, Special Meeting of Unitholders, Toronto

+ Apr. 4; CIBC, Annual Meeting of Shareholders, Montreal

+ Apr. 30; Canadian National Railway Company, Annual General Meeting of Shareholders, Montreal

+ May 3; TransCanada Corporation, Annual and Special Meeting, Calgary

+ May 7; Brookfield Real Estate Services Inc., Annual General Meeting, Toronto

+ May 8; Maxar Technologies Inc., Annual Meeting of Stockholders, Westminster, Colorado

~

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


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