FACILITYCalgary

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

FACILITYCalgary May 27/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alain Rheaume to Chairman @ Boralex Inc.

+ Bill Thomas to Global Chairman @ KPMG International

+ Brent Conway to Pres. & CEO @ Trinidad Drilling Ltd.

+ Brian Jones to Regional Mgr., Western Canada @ Trailcon Leasing Inc.

+ Cameron Six to Pres. & COO @ Sproule

+ Campbell Adams to Mgr., Calgary @ Gleeds

+ Catherine Hughes to Director @ Royal Dutch Shell PLC

+ Chad Battison to Director @ STT Enviro Corp.

+ Chris Virostek to VP Finance & CFO @ West Fraser Timber Co. Ltd.

+ Daniel Moore to Chief Risk Officer @ Scotiabank

+ Darryl Bunz to Operations Mgr., Property Mgmt. @ Colliers International

+ Jim Fantuz to Project Mgr. @ 3 Point Environmental Inc.

+ Karen Sheriff to Director @ BCE Inc.

+ Kristine Robidoux to Compliance and Regulatory Counsel @ Gran Tierra Energy

+ Larry Hughes, VP Finance & CFO @ West Fraser Timber Co. Ltd., retiring

+ Lis Wigmore to Trustee @ Pure Industrial REIT

+ Lowy Gunnewiek, Pres. & COO @ Sproule, left the company

+ Lyle Whitmarsh, CEO & Director @ Trinidad Drilling Ltd., left the company

+ Madeleine McGhee to Sr. Project Mgr. HCM @ Calgary Board of Education

+ Mark Sandler to Commissioner @ Ontario Securities Commission

+ Michael Overvelde to Sr. VP Finance @ Crown Capital Partners Inc.

+ Rebecca Morley to Director @ Birchcliff Energy Ltd.

+ Richard Lane, Interim CEO @ Ceiba Energy Services Inc., left the company

+ Robert Hall, Director & Chairman @ Boralex Inc., resigned

+ Robert Hutchison to Commissioner @ Ontario Securities Commission

+ Roberto Setubal to Director @ Royal Dutch Shell PLC

+ Robin Wortman, Director @ Calgary Homeless Foundation, removed following his arrest on criminal charges

+ Ron Brenneman, Director @ BCE Inc., retiring

+ Ronald Sifton to Interim CEO @ Ceiba Energy Services Inc.

+ Sean Sinclair to Account Executive @ McCrum’s Office Furnishings

+ Stephen Hart, Chief Risk Officer @ Scotiabank, retiring


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




IN MEMORIUM
SHAKERS AND MOVERS who left us 

+ Delmore Crewson, Trustee @ Artis REIT, died

+ Eric Scott, Director @ Tricon Capital Group, died

+ Ezzrett ‘Sugarfoot’ Anderson, former Calgary Stampeder, Alberta Sports Hall of Famer, died

+ Richard Wagamese, former Calgary Herald writer, novelist and residential school survivor, died




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Canadian HR jobs

+ the GOA is seeking public input for its review of workplace laws; more info/take the survey




  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

+ 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




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this  site is refreshed with a new issue every Tuesday morning


updated Mar. 14, 2017




 TODAY'S HEADLINES


HEADLINES: Chemtrade closed Canexus acquisition | CNRL buys $12.47 billion in oilsands assets | Enerplus portfolio sale | Shell divides its south U.S. JV assets with Saudi Aramco | TransCanada deal on mainline capacity + Ryan Ackers interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Ryan Ackers, VP Bus. Dev. & Client Relations @ Gordon B. Lang and Associates Inc., individual pension plan advisors and actuaries

Last week's conversation with Oscar Lopez, musician/entertainer, bon vivant

A recent conversation with Julie Hamilton, Preventing Injuries / Saving Lives advocate, speaker

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



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 sponsors of this week's issue:

e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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



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



 SHAREHOLDER MEETINGS

+ Mar. 21; Valenir Inc., Annual Meeting of Shareholders, Montreal

+ Mar. 24; Panorama Petroleum Inc., Special Meeting of Shareholders, Vancouver

+ Mar. 28; Milestone Apartments REIT, Special Unitholder Meeting, Toronto

+ Apr. 6; CIBC, Annual Meeting of Shareholders, Ottawa

+ 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. 25; Canadian National Railway, Annual General Meeting of Shareholders, Regina

+ May 2; Agrium Inc., Annual Meeting of Shareholders, Calgary

+ May 12; Emera Inc., Annual Meeting of Shareholders, Halifax


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



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Amazon announced it will install rooftop solar systems on all of its distribution centres – expect to be generating 41 MW by end of 2017

+ Brookfield Renewable Partners LP agreed to acquire 51% of TerraForm Power for approx.. $500.0 million

+ Gaz Metro Limited Partnership acquired Standard Solar Inc.




 CONSTRUCTION NEWS + INNOVATION 


+ Brookfield Global Integrated Solutions announced the launch of Building Energy Innovators Council (BEIC), an industry-driven initiative to accelerate collaboration, innovation and adoption of clean building technologies across Canada. BEIC Founding Members: Brookfield GIS, Brookfield Renewable, Carma Industries, Cisco, Ecobee, EnerNOC, Enwave, Forum Equity Partners, Geosource Energy, MediaEdge, Mtisubishi Electric, Modern Niagara, Morgan Solar, NRStor Inc., Philips Lighting, Schneider Electric, Stantec, University of Waterloo … looks like Brookfield signed up all their suppliers; seems like a great concept – lets watch and see if it has legs …




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

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




NEWS SUMMARY 
 Mar. 7 ~ 14 


+ AIMCo agreed to invest $500.0 million to acquire a 10% interest in Allied World Assurance Company Holdings AG

+ battle for Savanna Energy Services Corp; Total Energy Services Inc. still in the hunt, but Savanna has announced a deal struck with Western Energy Service Corp. and each party is waging ‘war by press release’ over whether or not the white knight’s offer is better … tic toc …

+ Chemtrade Logistics Income Fund closed its acquisition of Canexus Corporation

+ Canadian Natural Resources Limited agreed to acquire 70% of Athabasca Oil Sands Project and 70% interest in the Scotford Upgrader from Shell. And, with Shell acquired Marathon Oil Corporation ‘s 20% interest in the Athabasca Oil Sands Project – total investment, $12.74 billion

+ current energy prices – live link to current Bloomberg energy prices; crude slumping to three-month lows on concerns about bulging U.S. stockpiles and insufficiency of OPEC cutbacks

+ Eagle Energy Inc. announced its 2017 CapEx Budget is $22.8 million

+ Enerplus Corporation agreed to sell a portfolio of Alberta & Saskatchewan assets for $67.3 million

+ Exxon Mobil Corp. and BP PLC are silent on market rumors a takeover deal is in the works … tic toc

+ financial markets are flat … investors on edge about pending U.S. Federal Reserve announcement on interest rates … tic toc

+ GOA earned $9.82 million from the March 8th land sale

+ Hyduke Energy Services Inc. closed its acquisition of Western Manufacturing Inc.

+ Moodys Gartner Tax Law LLP entered a strategic alliance with Wildeboer Dellelece LLP; Moodys is Calgary based – now has a Calgary presence

+ Royal Dutch Shell PLC agreed to sell its agreed to sell its oilsands operations to Canadian Natural Resources Limited for $8.5 billion  AND CNRL JV with Shell, acquired Marathon Oil’s 20% interest in Alberta Oil Sands Project – total spend for CNRL = $12.74 billion

+ Royal Dutch Shell PLC and Saudi Aramco are dividing their JV Motiva Enterprises LLC; each will take a portfolio of Gulf Coast/SW U.S. refining and chemical plant assets – and Shell’s acquisitions will be merged with North American Shell assets

+ Sunrise Records took over operation of 70 HMV Canada stores across the country

+ TransCanada Corp. announced a new shipping deal with suppliers; will ship an additional 1.5 billion cubic/ft./day from Empress, AB to Dawn, Ont. On its underutilized mainline; good news for everyone …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bank of Montreal closed $500.0 million preferred share issue

+ Brookfield Asset Management is on the market to raise US$750.0 million in secured debt

+ Canadian Energy Services & Technology Corp. is on the market to raise $300.0 million in sr. unsecured debt

+ Dollarama Inc. is on the market to raise $225.0 million sr. unsecured debt by private placement

+ Eagle Energy Inc. secured $87.0 million debt financing

+ Gibson Energy Inc. is on the market to raise $350.0 million in sr. unsecured debt

+ Husky Energy Inc. closed $750.0 million unsecured debt raise

+ Killam Apartment REIT closed $77.0 million equity financing

+ Range Energy Resources Inc. closed $2,007,600.0 debt financing

+ Renaissance Oil Corp. is on the market to raise $10.0 million in equity by private placement

+ Vermilion Energy Inc. closed US$300.0 million in sr. unsecured debt financing




 QUOTES

+ Everybody talks about wanting to change things and help and fix, but ultimately all you can do is fix yourself. And that’s a lot. Because if you fix yourself, it has a ripple effect. – Rob Reiner

+ Money can’t buy happiness but it can make you awfully comfortable while you’re being miserable. – Clare Boothe Luce




 KUDOS 

+ to Doug Roche O.C., former MP and Senator, nuclear disarmament activist and author– awarded the 2017 Calgary Peace Prize by Mount Royal University




 NEW TECH + TOOLS TO WATCH 

+ custom made mugs – design your own message – or buy some cool ones

+ new Apple iPads may be coming soon …




 SAVE THE DATE / upcoming events


+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Mar. 23; EPAC Awards, Calgary Petroleum Club, Calgary; info/tickets

+ Mar. 23; Prairie Wood Solutions Fair, Hyatt Regency, Calgary; info/tickets

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ Apr. 5-7; National Privacy & Data Governance Congress, Carriage House Inn, Calgary; info/register

+ Apr. 10-11; North American Crude Oil Summit, Omni Houston Hotel, Houston, TX; info/register

+ Apr. 20; Saskatchewan Real Estate Forum, Queensbury Convention Centre, Regina; info/register

+ Apr. 26; Administrative Professionals Day - everywhere

+ May 2-3; Partners In Prevention 2017, The International Centre, Mississauga; info/register

+ May 8-10; Multiple Pathways to Clean Energy, The Hotel Saskatchewan, Regina; info/register

+ June 5; World Environment Day - time to save the planet

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

+ 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

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


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



INTERESTING REAL ESTATE NEWS, other places


+ Cadillac Fairview Corporation Limited announced it is commencing construction on a new 32-storey office tower, 16 York, in Toronto’s south core (York St. & Bremner Blvd.); $479.0 million budget, expected to open in June/2020

+ Transwestern Development Co. & Spear Street Capital acquired 16.9 acre site (ExxonMobil’s former Upstream Research Campus) from Exxon Mobil; terms not disclosed …




 INFRASTRUCTURE / P3  


+ Fiera Infrastructure Inc. added $200.0 million to its investment in UK’s Thames Water

+ FortisOntario Inc. completed its acquisition of 49% of Wataynikaneyap Power LP




 this week in REITS 


+ Killam Apartment REIT closed $77.0 million equity financing

+ Lis Wigmore to Trustee @ Pure Industrial REIT

+ Delmore Crewson, Trustee @ Artis REIT, died


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 27, 2025