FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

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CONVERSATIONS

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.

This week's conversation with Gavin McCormack , Assistant Professor @ University of Calgary Medical School

Last week's conversation with David Farran , Founder & Pres. @ Eau Claire Distillery Ltd.

And, click here to access archived conversations with fascinating people ...



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 SHAREHOLDER MEETINGS

+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton

+ Mar. 20; Boyuan Construction Group. Inc., Debentureholder Meeting, Toronto

+ Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

 + Apr. 21; Celistica Inc., Annual General Shareholders Meeting, Toronto

+ Apr. 23; CIBC, Annual General Meeting, Calgary

+ May 7; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

+ May 12; Karnalyte Resources Inc., Annual General and Special Meeting of Shareholders, Saskatoon

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




 SAVE THE DATE / upcoming events

+ Mar. 3; GREAT BIG SUMMIT, FREE REGISTRATION, Red and White Club, Calgary

+ Mar. 10; Alberta Legislature; resumption of 28th Legislature, Edmonton - calendar

+ Mar. 17-18; BUILDEX Edmonton, Expo Centre, Northlands, Edmonton info/register

+ Mar. 23; 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit, Calgary

+ Mar. 24-26; World Heavy Oil Congress 2015; Shaw Conference Centre, Edmonton info/register

+ April 8-10; Economic Developers Alberta 2015 Annual Professional Conference & AGM, Delta, Kananaskis, AB; info/register

+ April 9; Vancouver Real Estate Forum, Vancouver Convention Centre, Vancouver

+ May 14; Edmonton Real Estate Forum, Shaw Conference Centre, Edmonton

+ May 19-21; Canada LNG Export Conference & Exhibition, TELUS Convention Centre, Calgary

+ May 24-27; Banff Compass 2015; Association of Fundraising Professionals, Banff

+ June 2; Calgary Leasing Conference, TELUS Convention Centre, Calgary

+ June 9-11; Global Petroleum Show 2015; Stampede Park, Calgary info/register

+ July 3-12; Calgary Stampede 2015 - tickets now on sale 

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Cherul Gradent to Sr. VP, Group head of Legal & Bus. Affairs @ TMX Group Limited

+ Chris Seasons to Senior Advisor @ ARC Financial Corp.

+ Conor Flynn to CEO @ Kimco Realty Corp.

+ David Henry, CEO @ Kimco Realty Corp., retired

+ Dr. Sherry Cooper to Chief Economist @ Dominion Lending Centres

+ François Desjardins to COO @ Laurentian Bank

+ Geoffrey Barlow, VP Finance & CFO @ PrairieSky Royalty Ltd., retired

+ Ian Boyd to Pres. & CEO @ Bird Construction Inc.

+ Joel Feldberg to CEO @ The Global Grube

+ Kathryn King-Shier named to Guru Nanak Dev Ji DIL Research Chair @ Faculty of Nursing, University of Calgary

+ Martha Cohen, Philanthropist, died

+ Rick Hanson, Chief of Calgary Police Services @ City of Calgary, stepped down

+ Rob Duteau to Sr. VP Dev. @ Grosvenor Americas

+ Rod Thomas, General Manager @ Calgary Petroleum Club, on long-term medical leave

+ Ted Clouthier to General Manager @ Calgary Petroleum Club

+ Toni-Marie Ion-Brown to Assistant General Manager @ Calgary Petroleum Club

+ Yulia Gorbach to VP Finance & CFO @ Total Energy Services Inc.


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




BOARDROOM changes, purges, appointments etc.

+ Anne McLellan to Chancellor @ Dalhousie University

+ John Farlinger to Chairman @ Urban Communications Inc.

+ John Tilson to Director @ NXT Energy Solutions Inc.

+ Henry Cohen to Director @ Arcan Resources Ltd.

+ Judi Hess to Director @ Pason Systems Inc.

+ Lawrence Walter, Director @ High North Resources Ltd., resigned

+ Lorie Waisberg to Chairman @ Arcan Resources Ltd.

+ Richard Earle to Director @ Urban Communications Inc.

+ Yogeshwar Sharma, Director @ PetroMaroc Corporation PLC, resigned




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FACILITYCalgary
current week data

this homepage refreshed every Tuesday morning


updated ... March 3, 2015




 TODAY'S HEADLINES


WTI @ US$50/barrel – Brent @ US$60/barrel | HBC development JV | more CapEx cutbacks | Pengrowth $1 billion write-down | Prentice Watch + Gavin McCormack interview | upcoming events & corp. meetings | strong week for financings + executive and board appointments >>>>




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INTERESTING REAL ESTATE NEWS, other places


+ American Hotel Income Properties REIT LP acquired 110 room Oak Tree Inn, Wellington, Kansas for US$7,410,000

+ Avigilon Corporation agreed to acquire Telus’s Robson St., Vancouver office tower for $42 million – 135,000 ft2

+ Athletes' Village turned-over to TORONTO 2015 Pan Am/Parapan Am Games Organizing Committee 5  months ahead of the event; $514 million project will house 10,000 athletes, coaches, and officials from 41 nations from July 10th to August 15th. Built by EllisDon Ledcor PAAV Inc. – included construction of seven new mid-rise buildings on the 35-acre West Don Lands site.

+ Brookfield Residential Properties Inc. acquired Grand Haven Homes, an Austin, Texas home builder; price not disclosed

+ Starlight U.S. Multi-Family Core Fund acquired 396 unit apartment project north of Austin, Texas for US$ 50,600,000




 SAVE THE DATE / GOLF TOURNAMENTS

+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course



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NEWS SUMMARY 
 Feb. 24 - Mar. 3 


+ ATB Financial – THE OWL … Daily Economic Comment

+ Carfinco Financial Group Inc. closed the sale of its U.S. business units

+ Centric Health Corporation closed its acquisition of Pharmacare Fulfillment Centre Ltd. for $34 million

+ current energy prices: live link to Bloomberg.com commodities data

+ Davis LLP is merging with DLA Piper; new firm will be known as DLA Piper (Canada) LLP

+ Elkwater Resources Ltd. changed its name to Striker Exploration Corp.

+ Encana Corporation announced its revised 2015 CapEx Budget is $2.0 billion, down $700 million from earlier estimates

+ Essex Oil Ltd. leaving the oil & gas business; will restructure

+ Exxon Mobil Corp. announced its 2015 CapEx Budget is US$34 billion, down 11% over last year

+ Keystone XP Pipeline enabling legislation in U.S. Congress, vetoed by President Obama as expected … it ain’t over … tic toc

+ Marquee Energy Ltd. agreed to acquire a portfolio of light & infrastructure assets at Michichi for $16.5 million

+ Mart Resources Inc. entered a conditional agreement with Midwestern Oil and Gas Company Limited to acquire all of Mart Resources

+ Newalta Corporation closed the $300 million sale of its industrial division to Revolution Acquisition LP

+ Oxford Properties Corp. & Ivanhoe Cambridge Inc. has struck a deal to acquire 11 of the Target Canada leases, pending court approval … no word yet on the other 122 leases

+ Pengrowth Energy Corp. took a $1 billion asset write-down due to falling oil prices

+ PetroFrontier Corp. retained advisors to strategize a range of options

+ Prentice watch: the Premier announced the Government of Alberta will close the year with a projected $465 million surplus, in contrast to $500 million anticipated deficit; the Premier cut his office budget – got his senior political staff to take a 5% pay cut. Spring election call (we’ll vote in May) expected to give him a mandate; Rick Hanson expected to be a candidate …

+ RioCan REIT, Simon Property Group Inc. and Hudson’s Bay Company formed a ‘strategic venture’ to develop and re-develop HBC properties & secure new HBC retail stores in some RioCan and Simon properties

+ SPOC Automation Inc. acquired KJ Controls Canada

+ TC PipeLines LP agreed to acquire 30% of Gas Transmission Northwest LLC from TransCanada Corporation for $446 million, to own 100%

+ TORC Oil & Gas Ltd. closed its SE Saskatchewan light oil assets acquisition; all shares transaction

+ Vermilion Energy Inc. announced its 2015 CapEx Budget is $415 million, down from $525 million announced earlier




FINANCINGS - proposed & closed

+ Brompton Oil Split Corp. closed $70 million IPO

+ Cenovus Energy Inc. closed $1.5 billion equity financing

+ CIBC is on the market to raised $250 million by a preferred share issue

+ Crew Energy Inc. closed $100 million equity financing

+ Crown Point Energy Inc. closed US$8.5 million 2nd tranche of its equity financing

+ Fiera Capital’s Investment Grade Infrastructure Bond Fund closed $65 million IPO

+ Imaging Dynamics Company Ltd.c closed $ 2.0 million common share & warrants issue

+ Kelt Exploration Ltd. is on the market to raise $28.4 million in flow-through equity

+ Legend Power Systems Inc. closed $705,000 warrants exercise

+ Northland Power Inc. is on the market to raise $270 million in equity

+ Opal Energy Corp. closed $1,205,000 equity financing

+ Petrolia Inc. is on the market to raise $2,750,000 in flow-through equity

+ Petro-Victory Energy Corp. is on the market to raise $2 million in common share & warrants issue

+ Rock Energy Inc. closed $13.2 million equity financing

+ Slate Retail REIT is on the market to raise $60 million in equity

+ Smartcool Systems Inc. is on the market to raise $500,000 in equity

+ TD Bank is on the market to raise $350 million by a preferred share issue

+ TransCanada Corporation closed $250 million preferred share issue

+ Trez Capital Finance Fund V LP closed $139 million equity raise

+ Tricon Capital Group Inc. secured US$ 175 million credit facility




 INFRASTRUCTURE / P3 / GREEN


+ Government of Alberta sold three planes – three King Air units for $6.1 million; re-tendering the fourth plane is planned

+ Penticton Regional Hospital Patient Care Tower project moving forward; RFT issued to pre-qualified teams: EllisDon Infrastructure, Plenary Health and Tandem Health Partners




 this week in REITS 


+ American Hotel Income Properties REIT LP acquired 110 room Oak Tree Inn, Wellington, Kansas for US$7,410,000

+ RioCan REIT and Hudson’s Bay Company formed a ‘strategic venture’ to develop and re-develop HBC properties & secure new HBC stores in RioCan properties

+ Slate Retail REIT is on the market to raise $60 million in equity




 QUOTES

+ It is one of the blessing of old friends that you can afford to be stupid with them. – Ralph Waldo Emerson

+ It has been my observation that most people get ahead during the time that others waste. – Henry Ford


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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