FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Aaron Snow to CEO @ Canadian Digital Services

+ Alfonso Graceffa to Head of Bus. Units @ Ivanhoé Cambridge 

+ Aubrey Guild-Young to Partner @ Lawson Lundell LLP

+ Becca Young to Sr. VP Strategy & Integration @ National Public Relations

+ Brian Bacal to Managing Dir. & Head of Canadian Restructuring @ Canaccord Genuity

+ Bruce Riggins to COO @ Skyline America

+ David Willick to VP Mining, Minerals and Metals & Regional Leader for North America @ Schneider Electric

+ Debbie Byrne to Account Mgr. @ Crown Granite and Marble Inc.

+ Devin Itterman to Partner @ Lawson Lundell LLP

+ Ed Sims to Pres. &CEO @ WestJet

+ Gregg Saretsky, Pres. & CEO @ WestJet, retired abruptly

+ Hal Kvisle to Director @ Cenovus Energy Inc.

+ Imran Tahir to Gen. Mgr. Bus. Dev. & Corporate Client Relations @ Dominion Protection Services Ltd.

+ Jim Crane to Chairman @ Cargojet Inc.

+ Joan Hardy to VP Sales & Marketing, Grain & Fertilizer @ Canadian Pacific Railway Ltd.

+ Keith MacPhail to Director @ Cenovus Energy Inc.

+ Keith Parker to Director @ Grande West Transportation Group Inc.

+ Larry Pollock to Director @ Crown Capital Partners Inc.

+ Nathalie Palladitcheff to Pres. @ Ivanhoé Cambridge 

+ Robert Graham to CEO @ PFB Corporation

+ Shaun Partridge to Partner @ Lawson Lundell LLP


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




 MEMORIAM

+ Dennis Rowley, founder of Dial Mortgage Corporation, 88

+ Ross Cunningham, former CEO @ A&W Food Services of Canada Inc., 87

+ Suzanne West, founder and former CEO @ Imaginea Energy Corp., 53




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Alberta with have a new OHS Act with new rules around workplace harassment and other issues effective June 1; link to the changes

+ sleep impacts workplace performance




 QUOTES 

+ You can’t really know where you are going until you know where you have been. – Maya Angelou

+ A man is great by deeds, not by birth. - Chanakya




  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

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated March 13, 2018




 TODAY'S HEADLINES


HEADLINES: Cona going private | EDIF $100 million fund | Legislature in session + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings




CONVERSATIONS

Last week's conversation with Lance Laliberte, VP Office Furniture @ Premiere Office Furniture

A recent conversation with Pam Heard, Executive Director @ the Prostate Cancer Centre

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



 sponsors of this week's issue:

e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



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



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 SAVE THE DATE / upcoming events

+ Mar. 21-23; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff; info/register

+ Mar. 21; EPAC Awards Luncheon, Calgary Petroleum Club, info/tickets

+ April 11; Calgary Chamber of Voluntary Organizations, Connections Conference 2018; Ross Glen Hall, Mount Royal University, Calgary; info/register

+ May 10; Kananaskis Golf Courses re-opening day; bookings online starting Mar. 14; res # 1-877-591-2525

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

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

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


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



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NEWS SUMMARY 
 March 6 ~ 13 


+ Chevron Corporation announced its 2018CapEx Budget is US$18.0 billion

+ Cona Resources Ltd. announced its 2018CapEx Budget is $44.5 million

+ Cona Resources Ltd. announced it is in the process of a ‘taking private’ transaction with Waterous Energy Fund

+ current energy prices – live link to current Bloomberg energy prices; crude prices bobbing up and down a little within a stable range … heavy crude discount narrowing

+ Economic Development Investment Fund (and $100.0 million in capital) created by Calgary City Council; mayor excluded from the board … for now … tic toc

+ Environics Communications Inc. changed their name to Proof Inc.

+ GOA – 4th session of 29th legislature; throne speech

+ GOA introduced Bill 1, The Energy Diversification Act, to cover off announcements already made about petrochemical industry expansion and up to $2.0 billion in government support to attract investment

+ Highline Mushrooms agreed to acquire Prairie Mushrooms; terms not closed

+ Noble Energy Partners agreed to acquire 19% interest in The Midstream Access Pipeline for $15.0 million

+ Premier Notley backed off the B.C. wine ban and threatened turning-back the tap on crude to B.C.; sabre rattling for now in efforts to get B.C. to facilitate the TransMountain pipeline expansion … tic toc

+ Raging River Exploration Inc. have initiated a strategic repositioning process and engaged advisors

+ RBC predicts Canada’s economy will slow in 2018 – RBC Economic Outlook

+ rig counts: down 29 rigs to 273; full breakdown

+ Sequoia Resources Corp. is insolvent; risk of 2,300 abandoned/orphaned well without funds to clean them up; AER and Orphan Well Association at odds with trustee PricewaterhouseCoopers Inc.

+ Well Master Corporation acquired T-RAM Canada Inc.; terms not disclosed

+ Woodside Petroleum dropped its plan to build and LNG facility at Grassy Point near Kitimat, BC



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Choice Properties REIT closed $1.3 billion sr. unsecured debt financing

+ Industrial Alliance Insurance and Financial Services Inc. closed $148.885 million in equity financing

+ Kontrol Energy Corp. is on the market to raise $10.0 million in equity

+ Pembina Pipeline Corporation closed $1.0 billion debt financing

+ Permex Petroleum Corporation is on the market to raise $10.0 million in equity by IPO




 this week in REITS 


+ Artis REIT acquired 50% of two Class A Denver office properties (1700 Broadway & Hudson’s Bay Centre) for US$51.0 million to now hold 100%

+ Choice Properties REIT closed $1.3 billion sr. unsecured debt financing

+ Inovalis REIT completed its $38.1 million acquisition of a 106,563 sq. ft. office property (50/50 JV) in Kosching, Germany




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario awarded $254.5 million contract to EllisDon Transit Infrastructure to design, build and finance the Stouffville Corridor Stations Improvement project




 CONSTRUCTION NEWS + INNOVATION 

+ Parsons awarded owner’s engineer contract for Gordie Howe Bridge

+ Transport Canada awarded a $6,447,000.0 contract to Ledcor Construction Ltd. to modernize the Penticton Airport Terminal Building

+ world’s tallest building is back on track after construction delays; upon completion it will be 1,000 metres/ 3,231 feet high




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Mesirow Financial closed its acquisition (sale/leaseback) of three Gateway Casino & Entertainment properties in the greater Vancouver area for $500.0 million




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Pinnacle Renewable Holdings Inc. got approval to redevelop an existing particle board facility in Smithers, B.C. to a wood pellet production facility; JV – West Fraser Timber 30%, Pinnacle 70%




 CHARITY GOLF TOURNAMENTS 

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


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



 SHAREHOLDER MEETINGS

+ Mar. 23; Pure Industrial REIT, Special Meeting of Unitholders, Vancouver

+ Apr. 5; CIBC, Annual Meeting of Shareholders, Halifax

+ Apr. 5; BMO Financial Group, Annual Meeting of Shareholders, Toronto

+ Apr. 6; Royal Bank of Canada, Annual Meeting of Common Shareholders, Toronto

+ Apr. 12; Cargojet Inc., Annual General and Special Meeting of Shareholders, Toronto

+ Apr. 30; National Bank of Canada, Annual Meeting, Drummondville, QB

+ May 8; CT REIT, Annual Meeting of Unitholders, Toronto

+ May 10; Big Rock Brewery Inc., Annual Meeting of Shareholders, Calgary


[send your event 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.


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this site last updated May 6, 2025