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FACILITYCalgary June21/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alix Box, CEO @ The Second Cup Ltd., left the company

+ Clinton McNair to CFO @ DIRTT Environmental Solutions

+ David Johnston to Group CEO @ Aimia Inc.

+ Dennis Lopez to CEO @ QuadReal Property Group

+ Fabio Filice to Pres. @ Calgary Construction Association

+ Fatima Airth to Judge, Calgary Family & Youth @ Provincial Court of Alberta

+ Garry MacDonald to Interim CEO @ The Second Cup Ltd.

+ James Henderson to COO @ Avigilon Corporation

+ James Surbey to Director @ Birchcliff Energy Ltd.

+ Jason Grant to Director @ Jetlines Ltd.

+ Jefferty Tonken to Chairman @ Birchcliff Energy Ltd.

+ Jerilyn Dressler to Exec. Director @ Distress Centre Calgary

+ Jim Nikopoulos to Pres. @ ECN Capital Corp.

+ Joan Roy, Executive Dir. @ Distress Centre Calgary, retired

+ Joanne Ferstman to Chair @ Dream Unlimited Corp.

+ Joelyne Bougon to Chair @ Industrial Alliance Insurance and Financial Services Inc.

+ Joshua Hawkes to Judge, Calgary Criminal @ Provincial Court of Alberta

+ Lucy Antrobus to Partner, Infrastructure @ Caldwell Partners International Inc.

+ Margaret Keelaghan to Judge, Calgary Criminal and Calgary Region @ Provincial Court of Alberta

+ Maria Pacella to Sr. VP, Private Equity @ PenderFund Capital Management Ltd.

+ Minaz Abji to Director @ American Hotel Income Properties REIT LP

+ Ned Goodman, Chair @ Dream Unlimited Corp., retired

+ Pierre Beaudoin, Chairman @ Bombardier Inc., stepping down

+ Randy Coutts to CFO @ Boys & Girls Clubs of Calgary

+ Rossen Dimitrov to Chief Guest Experience Officer @ WestJet

+ Terrance McKibbon to COO @ Bird Construction Inc.


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




 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ May 30; 15th Anual Double Your Impact Calgary Tournament/Opportunity International; Springbank Links Golf Club, Calgary; info/register

+ June 22; 56th Annual, CSPG Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ July 6; 15th Annual Coast Hotels Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta, BC; info/register

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register


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



  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

+ 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

+ 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
current week data

this  site is refreshed with a new issue every Tuesday morning


updated May 16, 2017




 TODAY'S HEADLINES


HEADLINES: crude up … | Enbridge $1.0 billion spend | Forent in receivership | NEB report … | Painted Pony buying UGR Blair Creek | Pembina $4 billion polypropylene JV | Waterous buys control of Northern Blizzard | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

Last week's conversation with Shawna Wagner of TalentSphere Staffing Solutions

A recent conversation with Rob Stewart, Pres. @ intactix systems

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



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 sponsors of this week's issue:

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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



 SHAREHOLDER MEETINGS

+ May 16; A&W Revenue Royalties Income Fund, Annual General Meeting, North Vancouver

+ May 16; Mosaic Capital Corporation, Annual General Meeting, Calgary

+ May 17; Bellatrix Exploration Ltd., Annual General Meeting, Calgary

+ May 18; Delphi Energy Corp., Annual General Meeting, Calgary

+ May 18; SDX Energy Inc., Annual and Special General Meeting, London UK

+ May 23; Sienna Senior Living Inc., Annual Meeting of Shareholders, Toronto

+ May 24; CAPREIT, Annual Meeting of Unitholders, Toronto

+ May 25; Pure Multi-Family REIT LP, Annual and Special Meeting of Unitholders, Vancouver

+ May 25; Wawanesa Mutual Insurance Company, Annual Meeting, Wawanesa, MB

+ May 31; Canyon Services Group Inc., Shareholder Meeting – approve merger, Calgary

+ May 31; Trican Well Service Ltd., Shareholder Meeting – approve merger, Calgary

+ May 31; PRO REIT, Annual Meeting of Unitholders, Halifax

+ June 14; K-Bro Linen Inc., Annual General Meeting, Toronto

+ June 15; Granite REIT, Annual Meeting of Unitholders, Toronto

+ June 15; Granite REIT Inc., Annual Meeting of Shareholder, Toronto

+ June 27; Eagle Energy Inc., Annual Meeting, Calgary

+ June 27; Sunshine Oilsands Ltd., Annual and Special General Meeting, Hong Kong


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



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NEWS SUMMARY 
 May 9 ~ 16 


+ B.C. Provincial Election; Christy Clark’s Liberals in a minority, recounts pending in some ridings; Green Party with two seats will have plenty of sway either way – future of Site C Dam and energy projects in question … tic toc

+ Brookfield Business Partners L.P. closed their acquisition of 85% of Greenergy Fuels Holdings Ltd.

+ Canadian Energy Services & Technology Corp. is planning a name to change to: CES Energy Solutions Corp.

+ CIBC’s takeover bid for PrivateBancorp. Inc. approved by PrivateBancorp shareholders

+ current energy prices – live link to current Bloomberg energy prices; crude slightly up but WTI continues to languish below US$50/bbl; Saudi Arabia and Russia have agree to extend their production cut – no certainty on the rest of OPEC members

+ Enbridge Inc. announced plans to spend $1.0 billion to expand its B.C. natural gas capacity

+ Forent Energy Ltd. is in receivership; Grant Thornton Limited appointed as trustees, all directors resigned

+ NEB panel report recommends major overhaul; five-member advisory panel concluded that the National Energy Board “has fundamentally lost the confidence of many Canadians”; Minister Carr has not indicated whether recommendations to dismantle and re-organize the NEB will be followed … tic toc

+ Painted Pony Energy Ltd. got shareholder approval for its $276.0 million acquisition of UGR Blair Creek Ltd.

+ Pembina Pipeline Corporation formed its JV with Petrochemical Industries Co.; proceeding with front end engineering design for 1.2 billion/pound/yr. polypropylene facility in Sturgeon Country; $3.8 - $4.2 billion project will be known developed by the JV, to be known as Canada Kuwait Petrochemical Corporation; plant with process 22,0000 barrels/day of propane from North West Upgrader and other sources to produce polypropylene …

+ Petrolia Inc. agreed to combine with Pieridae Energy Limited; new combined entity will be named Pieridae Energy Limited

+ rig counts

+ Questerre Energy Corporation agreed to acquire 25% of Red Leaf Resources Inc., to then hold 30%

+ Secure Energy Services Inc. agreed to acquire Ceiba Energy Services Inc. for $26.0 million; cash & shares transaction

+ Tricon Capital closed its $820.0 million acquisition of Silver Bay Realty Trust Corp.

+ Waterous Energy Fund closed its acquisition of 67% of Norther Blizzard Resources Inc.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ GFL Environmental Inc. closed US$350.0 million sr. unsecured debt financing

+ Great-West Lifeco Inc. is on the market to raise $200.0 million by a preferred share offering

+ Intact Financial Corporation closed $754.0 million in equity financings

+ Kinder Morgan Inc., Canadian unit, is on the market to raise $1.75 billion in an IPO

+ Razor Energy Corp. closed $17.25 million equity financing

+ Real Matters raised $156.7 million in equity by IPO

+ Yangarra Resources Ltd. secured $100.0 million credit facility




 QUOTES

+ If you go looking for a friend, you’re going to find they’re very scarce. If you go out to be a friend, you’ll find them everywhere. – Zig Ziglar

+ There is more to life than increasing its speed. – Mahatma Gandhi




 KUDOS

+ to 2017 winners of Alberta Order of Excellence; Steve Allan, Gary Bowie, Anne Fanning, Marie Gordon, Steve Hrudey, James Holland, Vivian Manasc and David Werklund; they’ll have their investiture in October




 SAVE THE DATE / upcoming events

+ May 25; Calgary Real Estate Strategy & Leasing Conference, TELUS Convention Centre, Calgary; info/tickets

+ May 25; Edcuation Matters, FULL STEAM Ahead for Studesnts, CBE Education Centre; info/tickets

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

+ June 5 - 7; Operational Excellence Conference, BMO Centre, Calgary; info/register

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

+ June 17; Breakfast on the Bridge, Peace Bridge @ 5AM, Calgary, info/tickets - call 403-410-2320 ext. 3591 or visit calgarymfrc.ca

+ 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 ]



 this week in REITS 


+ European Commercial REIT closed its EUR30.2 million acquisition of 172,900 sq. ft. office property in Munich, Germany

+ Pure Multi-Family REIT LP agreed to acquired 152 unit property in Phoenix, AZ for US$29.7 million

+ Tricon Capital closed its $820.0 million acquisition of Silver Bay Realty Trust Corp



 INFRASTRUCTURE / P3  


+ Fortis Inc. agreed to acquire a 2/3rd interest in the Waneta Dam from Teck Resources Inc. in British Columbia for $1.2 billion; deal includes 20 yr. arrangement to provide power to Teck’s facilities in Trail, BC

+ Infrastructure Ontario issued an RFQ to design, build and finance the Rutherford Station Project/GO Transit rail service on the Barrie line 




INTERESTING REAL ESTATE NEWS, other places


+ Bear Mountain Resort near Victoria, BC; owners are looking at a full or partial sale of the project …

+ Chartwell Retirement Residences agreed to acquire three properties (522 suites) in Ontario (Burlington, Bells Corner and Nepean) for $121.0 million

+ Ivanhoé Cambridge and Callahan Capital Properties closed their US$145.0 million JV acquisition of 125 South Wacker Drive, Chicago

+ Pinnacle Renewable Energy Inc. is planning an $85.0 million wood-pellet plant near Entwistle, AB

+ Strategic Group is planning to convert Harley Court in Edmonton from office use to rental apartments


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