FACILITYCalgary

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FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alan Torrie, Pres. & CEO @ Morneau Shepell Inc., retiring

+ Bert Powell, to Director of Canadian & UK Research @ BMO Nesbitt Burns Inc.

+ Bill Smith, Director @ Imperial Equities Inc., resigned

+ Bishop William McGratton, installed as Bishop @ Catholic Archdiocese of Calgary

+ Bob Paulson, Commissioner @ RCMP, retiring

+ Brad Stevens to Chief Resilience Officer @ City of Calgary

+ Chrys Synek, CEO @ Tervita Corporation, left the company

+ Constance Davis to Property Mgr. @ ATCO Group

+ Cynthia Devine, CFO @ RioCan REIT, resigned

+ Damon Tanzola to VP Facilities Dev. & Real Estate @ Calgary Co-op

+ Darby Allan, Fire Chief @ Regional Municipality of Wood Buffalo, retired

+ Don Fairgrieve-Park to Exec. VP, BC @ QuadReal Property Group

+ Dr. Denis Modry, Director @ Imperial Equities Inc., resigned

+ Dustin Haw to Pres. & CEO @ TerraVest Capital Inc.

+ Eric Pitt to Director, National Sales @ Clarocity Corporation

+ Gran Billing, Chairman to Interim CEO @ Tervita Corporation

+ Hunter Harrison to CEO @ CSX Corp.

+ Jean-Pierre Buyze to CFO @ Trident Exploration Corp.

+ Jean-Yeves Lavoie to Pres. & CEO @ Junex Inc.

+ John Boynton to Pres. & CEO @ Torstar Corporation

+ Ken Young to VP Land @ Trident Exploration Ltd.

+ Kerri Fox to Chief Financial Advisors @ Steelhead LNG

+ Kevin Gietz, Superintendent @ Palliser Regional Schools, terminated

+ Linda Southern-Heathcott to Director & Vice-Chair @ CU Inc.

+ Linda Southern-Heathcott to Vice-Chair @ Canadian Utilities Limited

+ Luc Messier to Director @ Bird Construction Inc.

+ Mark Smith to COO @ Trident Exploration Corp.

+ Mary Ann Palangio to CFO @ LOGiQ Asset Management Inc.        

+ Michael McNulty to Director @ Strad Energy Services Ltd.

+ Neil Parmenter to Pres. & CEO @ Canadian Bankers Association

+ Patrick Lydiatt to Dir. Bus. Dev. @ AMJ Campbell Office Movers

+ Robert Todd to Sr. VP @ Front Range Resources Ltd.

+ Stephen Liptrap to Pres & CEO @ Morneau Shepell Inc.

+ Todd Shean to Commanding Officer, Alberta @ RCMP

+ Trina Cui to CFO @ Mainstreet Equity Corp.

+ Walter Chayka, Director @ Hyduke Energy Services Inc., resigned


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




 SHAREHOLDER MEETINGS

+ Mar. 8; Blackbird Energy Inc., Annual and Special Meeting of Shareholders, Calgary

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

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


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



 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Artificial Intelligence and Human Resources; Forbes article on The Future Of Work

+ How to survive with a missing manager: results of a Robert Half survey




 CORPORATE RESPONSIBILITY REPORTS

+ CIBC published its 2016 Corporate Responsibility Report and Public Accountability Statement




  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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated Mar. 7, 2017




 TODAY'S HEADLINES


HEADLINES: CRUDE UP! ... Blackbird, Black Diamond, Genesis, Gibsons and Hyduke close significant deals | DeBeers opens mine | Keystone XL … | Notley Gov’t Throne Speech + Oscar Lopez interview | upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

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

Last week's conversation with Julie Hamilton, Preventing Injuries / Saving Lives advocate, speaker

A recent conversation with Fred Mertz, CPA, farm accounting/tax guru and Leader of Four Quarters Group

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



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 sponsors of this week's issue:

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COFFEE SERVICES



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



PUT YOUR 
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SEE YOUR 
BRAND HERE



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Emissions Reduction Alberta announced winning projects in Round Two of their ERA Grand Challenge: Innovative Carbon Uses; sustainable method for cement production and CO2 Utilization - from Solidia Technologies ; carbon dioxide utilization in concrete - from CarbonCure Technologies ; technology for conversion of carbon dioxide and saline waste water to oil and gas field chemicals and re-useable water - from Mangrove Water Technologies ; Field-deployment of a carbon dioxide transformation system powered by sunlight - from McGill University

+ GOA and Government of Canada are funding test facilities for technologies to convert CO2 emissions into usable products - up to $20.0 million for the Alberta Carbon Conversion Technology Centre (ACCTC) – to be located in Enmax’s Shepard Energy Centre; the NRG COSIA Carbon XPrize finalists will test their theories on the centre

+ Northland Power Inc. agreed to acquire 252 MW German offshore wind farm Deuctsche Bucht




 this week in REITS 


+ Cynthia Devine, CFO @ RioCan REIT, resigned

+ Maplewood International REIT internalized is management

+ PRO REIT closed its $3.0 million acquisition of a 50% interest in a Drummondville property

+ Slate Office REIT agreed to acquire three office properties (GTA and Fredericton) for $165.0 million from Dream Office REIT and Dream Hard Asset Alternatives Trust

+ Slate Office REIT is on the market to raise $130.0 million in equity




 INFRASTRUCTURE / P3  


+ Calgary’s GREENLINE LRT project has already spent $100.0 million in early stage costs; no funding commitments yet from other levels of government … tic toc

+ Plenary Health won the contest to partner with Centre for Addiction and Mental Health to design, build, finance and maintain the next phase of the Queen Street Development; the new facility will have 235 beds along with education and research spaces as part of the 27 acre site; Plenary is Plenary Group, PCL, Stantec Architecture and Energie Services et al. Occupancy in 2020 …




 CONSTRUCTION NEWS + INNOVATION 


+ CO2 in concrete? In asphalt? Carbon Upcycling Technologies won a grant from Shell Canada to inject CO2 into concrete to make it stronger … tic toc

+ understanding government is challenging sometimes; the Government of Canada is lifting its anti-dumping tariff on U.S. drywall imports – and the $12.0 million collected so far is being given to Fort McMurray residents to defray costs, which is good I suppose, but what about all the builders and home buyers who got sandbagged by their own government? Where’s the relief for them Finance Minister Morneau?




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NEWS SUMMARY 
 Feb. 28 ~ Mar. 7


+ Bank of Canada rate announcement; maintained overnight target rate of ½ of 1%

+ Blackbird Energy Inc. closed its acquisition of Montney assets from Paramount Resources Ltd.

+ Black Diamond Group Limited closed its $41.0 million acquisition of Britco rental business from WesternOne Inc.

+ Campbell Bros. Group acquired Highland Moving & Storage Ltd.; terms not disclosed

+ Canadian Direct Financial is changing its name to Motive Financial

+ current energy prices – live link to current Bloomberg energy prices; CRUDE UP-TICKING TODAY ... fingers crossed! ... as prices continue to flop around in search of stability as OPEC cutbacks find their new level, uncertainty about Libya shipments and increased U.S. production … tic toc

+ De Beers mine – Gahcho Kue in the Northwest Territories commenced commercial operations

+ Exxon Mobil Corp. announced it will invest US$20.0 billion to expand its U.S. Gulf Coast refineries and chemical facilities over next five years

+ Genesis Land Development Corp. closed $9.0 million sale of non-core land assets – 1,477 acres near Delacour

+ Gibson Energy Inc. closed its $412.0 million sale of its industrial propane business, Canwest Propane, to Superior Plus LP

+ GOA – Speech From The Throne; the spring sitting of the legislature began; read the speech read by Lieutenant Governor Lois Mitchell

+ Hyduke Energy Services Inc. agreed to acquire Western Manufacturing Ltd. for $5.5 million in an all shares transaction

+ MCW Energy Group is changing its name to Petroteq Energy Inc.

+ Painted Pony Petroleum Ltd. reduced its 2017 CapEx Budget to $288.0 million

+ Petrus Resources Ltd. closed its acquisition of Ferrier area assets

+ PMI Resources Ltd. agreed to acquire Patagonia Oil Corp.

+ Point Loma Resources Ltd. closed its acquisition of a portfolio of oil & gas assets from Craft Oil Ltd. in a share transaction

+ rig counts: 335 rigs active in Western Canada; in Alberta, 227 this week, down from 234 last week

+ Sterling Resources Ltd. agreed to sell its UK subsidiary for US$163.0 million

+ TransCanada Corporation ‘suspended’ its $15.0 billion NAFTA challenge lawsuit regarding Keystone XL as the Trump administration appears willing to approve KXL, and anticipation ‘exemption from buying U.S. steel will be part of the bargain … tic toc

+ U.S. Federal Reserve Chair Janet Yellen signaled interest rates will rise later this month; Bank of Canada watchers expect any increase at the FED to be mirrored in Canadian markets … tic toc




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algonquin Power & Utilities Corp. is on the market to raise US$750.0 million in sr. unsecured debt

+ AltaGas Ltd. closed $118.0 million overallotment of its recent equity financing

+ Bank of Montreal is on the market to raise $500.0 million in preferred equity

+ Blackbird Energy Inc. is on the market to raise $81.0 million in equity

+ Black Diamond Group Limited is on the market to raise $29.0 million in equity

+ Fortis Inc. closed $500.0 million equity financing

+ Grande West Transportation Group Inc. closed $13.7 million equity financing

+ International Frontier Resources Corporation closed $5,569,085.0 equity financing by private placement

+ Montana Exploration Corp. is on the market to raise $251,472.59 in equity by private placement

+ Petrus Resources Ltd. closed $10,391.131.0 equity financing by private placement

+ Shaw Communications Inc. closed $300.0 million sr. debt financing

+ Slate Office REIT is on the market to raise $130.0 million in equity

+ TELUS Corporation closed US$500.0 million in sr. unsecured debt financing

+ TELUS Corporation closed $325.0 million in sr. unsecured debt financing

+ TimberRock Energy Corp. closed $39.0 million equity financing

+ Tricon Capital Group Inc. is on the market to raise $175.0 million in equity

+ Vermilion Energy Inc. is on the market to raise US$300.0 million in sr. unsecured debt

+ Westcore Energy Ltd. is on the market to raise $500,000.0 in equity by private placement




 QUOTES

+ Remember that the happiest people are not those getting more, but those giving more. – H. Jackson Brown, Jr.

+ You never realize how much of your background is sewn into the lining of your clothes. – Tom Wolfe




 NEW TECH + TOOLS TO WATCH 

+ build your own brand with emblem

+ Fitbit now set to measure your sleep

+ Nintendo launched Nintendo Switch




 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

+ 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


+ oh my! … US$1.2million/key was the selling price of the Hotel Yountville in Napa Valley; 80 rooms/US$96.5 million

+ Sears Canada Inc. closed the sale/leaseback of its National Logistics Centre, Ville St. Laurent, QB; $50.0 million proceeds

+ Stockholm based Alecta sold a 4.5 million sq. ft. portfolio of U.S. and UK properties for US$2.1 billion; two separate buyers represented by Blackstone

+ the tallest building in London, UK, the Leadenhall Building, a.k.a. ‘the Cheesegrater’ has been sold by a JV including Oxford Properties to CC Land, a Hong Kong firm for £1.15 billion; 224 metre tower

+ Trump Hotel in Vancouver opened; Arthur Erickson design, 69-stories, 147 guest rooms & suites per floor; TA Global Berhad is the Malaysian based owner/developer; meanwhile, the Trump Tower project in Toronto continues to be troubled – court ordered sale produced no bidders; title will likely flow to JCF Capital ULC, who bought the $301.0 million construction loan … and whether or not the Trump branding will remain is in litigation …




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this site last updated May 6, 2025