FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Adam Philips to Sr. Pipeline Project Mgr. & Technical Coordinator @ ILF Consultants Inc.

+ Brian Piern to Chief Commercial Officer @ Lion Electric

+ Cailee Ellis to Head of Sustainability and Environment, Western Canada @ LafargeHolcim

+ Cathy Mihailides to Sr. Property Mgr., Vancouver @ Colliers International

+ Chris Halsey-Brandt to CFO @ Progressive Planet Solutions Inc.

+ Christoph Shcumacher to Global Head, Real Assets @ Manulife Investment Management

+ David Cross, CFO @ Progressive Planet Solutions Inc., left the company

+ Don Marchand, CFO @ TC Energy Corporation, retiring

+ Doug Thompson to Country Leader, Canada @ Reibus

+ Gianna Manes to Director @ Fortis Inc.

+ Hans Kobler to Director @ FLO|AddEnergie

+ Jamie Weber to Managing Dir., Americas @ QuadReal Property Group

+ Jan Faryaszewski, CFO @ GreenSpace Brands, resigned

+ Janet Wood to Director @ CubicFarm Systems Corp.

+ Jean-Luc Meunier to Pres. & COO @ Garda World Security Corporation

+ Joel Hunger to Exec. VP & CFO @ TC Energy Corporation

+ Justin Guerin to CFO @ GreenSpace Brands Inc.

+ Krista Weir to VP, Human Resources @ Gibson Energy

+ Laryssa Topolnytsky to Partners and CEO & Board Practice, Americas Lead @ Heidrick & Struggles

+ Leon Koffler to Director @ K.B. Recycling Industries Ltd.

+ Lisa Durocher to Director @ Fortis Inc.

+ Mark Romoff, Pres. & CEO @ Canadian Council for Public-Private Partnerships, stepping down

+ Matthew Abel to Civil Construction Mgr. @ EllisDon

+ Michelle Child to Assistant Vice President @ Atrium Mortgage Investment Corporation

+ Nathan Rudyk to Director, Corporate Communications @ Carl Data Solutions Inc.

+ Neil Weins to Director and Chief Technical Officer @ EarthRenew Inc.

+ Robert Espey to Director @ Boyd Group Services Inc.

+ Steve Grimshaw to Director @ FirstService Corporation

+ Suzan Zalter to Director @ MTY Food Group Inc.

+ William Farley to Director @ XORTX Therapeutics Inc.  

~ Note: links in this section are to LinkedIn profiles where available, and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Amazon to hire 75,000 ….

+ talking about mental health issues at work

+ WeWork CEO says ‘least engaged’ staff prefer working from home; great PR strategy? Huh?




CONVERSATIONS

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply

[please send your community board notices to  kolke@facilitycalgary.com ]




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 SHAREHOLDER MEETINGS

+ May 18; Morien Resources Corp., Annual Meeting of Shareholders, virtual-only

+ May 19; Cineplex Inc., Annual Meeting of Shareholders, virtual-only

+ May 19; Northland Lower, Annual and Special Meeting of Shareholders, virtual-only

+ May 19; Pine Cliff Energy Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ May 20; Crew Energy Inc., Annual General and Special Meeting of Shareholders, virtual-only

+ May 20; Melcor Developments, Annual General and Special Meeting of Shareholders, virtual-only

+ May 20; Melcor REIT, Annual General Meeting of Unitholders, virtual-only

+  May 20; MindBeacon Holdings Inc., Annual General Meeting of Shareholders, virtual-only

+ May 20; Shaw Communications Inc., Special Meeting of Shareholders, virtual-only

+ May 20; Crescent Point Energy Corp., Annual General Meeting, virtual-only

+ May 21; Artis REIT, Annual and Special Meeting, virtual-only

+ May 21; Resolute Forest Products Inc., Annual Meeting of Stockholders, virtual-only

+ May 25; ViveRE Communities Inc., Annual and Special Meeting of Shareholders, virtual-only

+ May 26; RF Capital Group Inc., Annual Shareholder Meeting, virtual-only

+ May 27; Jamieson Wellness Inc., Annual and Special Meeting of Shareholders, virtual-only

+ May 27; VIA Rail Canada, Annual Public Meeting, virtual-only

+ May 27; Wawanesa Mutual Insurance Company, Annual Meeting, virtual-only

+ June 1; McCoy Gobal Inc., Annual Meeting of Shareholders, virtual-only

+ June 1; Volunteer Centre of Calgary, Annual General meeting, virtual-only

+ June 3; BRP Inc., Annual General Meeting, virtual-only

+ June 4; Sagicor Financial Company Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ June 9, Dollarama Inc., Annual General Meeting of Shareholders, virtual-only

+ June 10; Africa Energy Corp., Annual General and Special Meeting of Shareholders, virtual-only

+ June 17; American Hotel Income Properties REIT LP, Annual and Special Meeting of Unitholders, virtual-only

+ June 17; OV2 Investment 1 Inc., Annual and Special Meeting of Shareholder, virtual-only

+ June 18; Frontenac Mortgage Investment Corporation, Annual General and Special Meeting, virtual-only

+ June 23; ShaMaran Petroleum Corp., Annual General Meeting of Shareholders, virtual-only

+ July 12; K.B. Recycling Industries Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ July 15; MTY Food Group Inc., Annual General Meeting of Shareholders, virtual-only

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




  CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+ ATCO and Suncor struck a deal to collaborate on a hydrogen project; ambitious emissions reduction plans

+ Dye & Durham Limited acquired Future Climate Info for $94.0 million




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events:

+ July 16; Alberta IoT, 2nd annual Golf Tournament, Lynx Ridge Golf Club, Calgary; info/register

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

Aug. 12; Glenn Anderson Day of Golf, in support of the Cross Cancer Institute, Derrick Golf & Winter Club, Edmonton – info/sponsor/save the date

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

~ [please send your charity golf event notices to  kolke@facilitycalgary.com ]




 KUDOS 

+ to Kirstin Evenden, Exec. Dir. @ Lougheed House, awarded the Distinguished Service Award, 2021 byt the Canadian Museums Association




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta ICUs at all time high | ATCO/Suncor hydrogen JV | CPR merger update | EarthRenew merger |  Enbridge Line 5 still flowing! | Scovan merger + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




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DON'T MISS OUT ON THE ACTION AT THIS YEAR'S FESTIVAL

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 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




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 QUOTES 

+ Don’t’ be afraid to start over. This you’re not starting from scratch, you’re starting from experience.  - Unknown

+ There are some things you learn best in calm, and some in storm. – Willa Cather




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 May 11 ~ 18 / 2021 


+ Alberta COVID-19 stats: 2,148 deaths to date, 21,288 active cases of 219,682 confirmed cases to date: aggregate Alberta data – currently, 678 Albertans are in the hospital with COVID-19, and 181 (highest yet) of those are in intensive care units; 4,423,042 tests have been administered to 2,116,127 Albertans since the pandemic began

+ Alberta COVID-19 rate (active cases/population) was the highest in Canada; ‘stop the spike’ measures are in effect; the stricter restrictions package  Premier Kenny promised – were for a three week clampdown – one week done, two weeks to go …

+ Alberta Vaccine program –  now finishing Phase 2

+ABTraceTogether – get the APP

+ Alter NRG Corp. placed in receivership; MNP Ltd is the receiver

+ Arthur J. Gallagher & Co. acquired reinsurance and retail brokerage assets of Willis Towers Watson plc  which are not part of the pending combination of Aon plc and Willis Towers Watson plc

+ ATCO and Suncor struck a deal to collaborate on a hydrogen project; ambitious emissions reduction plans

+ Calgary Council Derby, lots of horses in this year’s races: City of Calgary 2021 elections; now there will be 15 – with 14 declared candidates already running for mayor: Ian Chaing, Jan Damery,  Jeremy Farkas, Brad Field, Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley , and now Jeff Davidson says he’s switching from a re-election bid for council to running for mayor; 62 candidates have filed nomination papers for council’s 14 Ward seats

+ Cardinal Energy Ltd. announced an increase in its 2021CapEx Budget to $46.0 million

+ CPR is standing by its bid to acquire Kansas City Southern in the wake of CN’s announcement that it has tied up KCS with a $33.6 billion bid; key to either potential deal is whether U.S. regulators will approve – echoing U.S. department objections to the CN bid – but in the end, maybe it’s just about the money; meanwhile U.S. regulators are focused on ‘which deal is in the public interest’, which is where politics and public interests are supposed to be considered … tic toc

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices rising over Colonial pipeline hack/ransomware worries, and India’s COVID crisis; WTI holding steady at US$66/bbl, Brent at US$69/bbl notwithstanding weaker demand

+ EarthRenew Inc. closed its $9.0 million acquisition of Replenish Nutrients Ltd.

+ Enbridge Line 5 – Michigan easement issue; Government of Canada et al intervening in U.S. court case – and the line remains open/running …

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – April issue, archived issues

+ iON United acquired by Wirefire Solutions

+ MNP LLP acquired Newfoundland accounting firm DMK Chartered Professional Accountants

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE April issue;  archived PROPERTYlines Issues

+ rig activity in Canada

+ rig counts (active/working) – US: up 5 to 453 this week; Canada: up 4 to 59 this week; full breakdown and international rig counts

+ Scovan Engineering Inc. and HIVE Innovations Inc. agreed to merge; will operate as Scovan

+ THIRDACTion Film Festival; June 11-13; see 22 titles/trailers  – TICKETS NOW ON SALE

+ VistaVu Solutions acquired AchieveIT; terms not disclosed

+ Wolf Midstream announced plans for NGL North – a carbon capture projects




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alimentation Couche-Tard Inc. closed US$650.0 million sr. unsecured debt financing

+ Alimentation Couche-Tard Inc. closed US$350.0 million sr. unsecured green-bond debt financing

+ CLC Network Inc. closed $9.0 million seed round financing

+ Concentra Bank closed $250.0 million unsecured debt financing

+ Corus Entertainment Inc. closed $500.0 million sr. debt financing by private placement

+ Delic Holdings Inc. closed $3.43 million equity raise by private placement

+ Garda World Security Corporation is on the market to raise US$500.0 million in sr. unsecured debt

+ GoldSpot Discoveries Corp. are on the market to raise $10.0 million in equity

+ Hello Pal International Inc. closed $7.25 million equity raise

+ Intact Financial Corporation is on the market to raise $550.0 million in unsecured debt

+ mCloud Technologies Corp. secured $5.0 million credit facility

+ Ridgewood Capital Asset Management Inc. completed $19.3 million raise by private placement

+ Sagicor Financial Company Ltd. closed US$400.0 million sr. debt

+ Sienna Senior Living Inc. is on the market to raise $125.0 million in sr. unsecured debt

+ Spectra7 Microsystems Inc. closed $5.5 million equity financing

+ Surge Energy Inc. closed a $23.0 million flow-through financing

+ Tetra Bio-Pharma Inc. closed $10.0 million equity financing

*editor’s note: names companies involved in arm’s length debt and equity financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …




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 INFRASTRUCTURE + P3


+ Repsol Sports Centre getting $45.0 million expansion




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Aramark Canada published its sustainability plan Be Well. Do Well.

+ Desjardins General Insurance Group published its 2020 Public Accountability Statement

+ Economical Insurance published its 2020 Public Accountability Statement

+ Loblaw Companies Limited published its 2020 Corporate Social Responsibility Report

+ Northland Power published its 2020 Sustainability Report

+ Tricon Residential Inc. published is its Inaugural/2020 ESG Report

+ TMX Group published its 2020 ESG Report – The Future is Ours to Change




 SAVE THE DATE / upcoming events

+ May 1-31; Albertans Helping Albertans Virtual 5K run/Alberta Cancer Foundation; raising funds for the Tom Baker Cancer Centre – individuals and teams; info/register

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 26-27; 22nd Edmonton Real Estate Forum, online/virtual; registration now open

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 8 & 9; Land & Development Conference; virtual-only – save the date/sponsorship

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 11-13; THIRDACTion Film Festival; June 11-13; see 22 titles/trailers  – TICKETS NOW ON SALE

+ June 20; Oil & Gas Tech Summit 2021; virtual – register here

+ June 11-13; THIRDACTion Film Festival – Patricia Whalen Theatre, in-person & online - Calgary Downtown Library, and VIRTUAL; tickets/passes go on sale April 12th; SAVE THE DATES/get on the mailing list – and check out the 2020 Films

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Aug. 28; Enbridge Tour Alberta for Cancer; sign up for free, no minimums – cycle from anywhere and any distance – pedal for progress; info/register

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list, call for presenters

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

[please send your event notices and AGM 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.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025