FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Craig Leslie to Pres. @ Skyline Retail REIT,

+ Darren Rafter to Director of Sustainability @ IKO Industries Ltd.

+ George Croft to Director @ Big Rock Brewery Inc.

+ Gordon Dreidger, Pres. @ Skyline Retail REIT, stepping down but remaining as a Trustee

+ Jana Mosley to Pres. & CEO @ Toronto Hydro Corporation

+ Jun Lee to VP Finance @ Terra Firma Capital

+ Liam Brunner to Sr. Director, Valuation and Advisory Service @ Avison Young

+ Linda Thomas to Director @ Big Rock Brewery Inc.

+ Louis Babineau to Board Chair @ Desjardins Group

+ Philip Rizcallen to CEO @ Engineers Canada

+ Scott Dorsey, Trustee @ Slate Office REIT, resigned

+ Wendy Braithwaite to Director @ Amex Bank of Canada

~ 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 ]


 


 
 REMEMBRANCE 

+ Darren Dutchyshen; veteran sportscaster, TSN celebrity; 47


 


 HR + WORKPLACE TRENDS + HSE 

 

+ hybrid working: permanent, or temporary?

+ HR tech + AI is tranforming hiring practices

+ tips/questions when choosing a retained executive search firm

+  will AI lead to a 3-day week? .... or are we nearly there already?


 


 
 TECH + A I Trends 

+ IBM – watsonx will provide open-source  tools to drive enterprise AI at scale ...

+  MindBridge announced a new program of AI-based financial risk intelligence

+ Scale AI – a data-labeling services to companies that want to train machine learning models - raised US$1.0 billion -

+ TELUS announced a generative AI customer support tool – an enterprise-grade AI engine


 


 
 RISK 

+ auto theft concerns grow – and actions seems to be at hand: National Action Plan on Combatting Auto Theft seems a worthy goal, but is all this government an industry distraction, a head-fake about costs, or will it really reduce insurance costs and crime?

+ cyber-risk seems to be on the minds of all insurance professionals these days


 


 
 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ ACT Expo – advanced clean transportation conference this week will showcase lots of innovation ...


 


 
 SAVE THE DATE / upcoming events

+ May 22; U of C - Faculty of Science – Get Science Done Launch, Ampersand, Calgary; register

+ May 23; 2023 CEO of the Year Gala, TELUS Convention Centre, Calgary; tickets

+ May 30; Real Estate Joint Ventures – Osler Webinar – virtual; register

+ May 31 – June 2; Inventures Conference; Telus Convention Centre, Calgary; info / register

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 15; Diamond Gala – Calgary Real Estate Board Gala, ‘new’ BMO Centre, Calgary Stampede Grounds; info / tickets

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

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

 


 


 
 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ May 31; 14th Annual Treasure Life Golf Classic, Coloniale Golf Club, Beaumont; register

+ June 10; Headwater Learning Foundation – Golfing for Good Tournament, Glencoe Golf & Country Club; info / register *** Banquet speaker: Karen Gosbee

+ June 20; IFMA Calgary Chapter – IFMA Calgary Open; Lynx Ridge Golf Club, Calgary; sponsorship / golf

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ July 11; 22nd Annual COAST Hotels, Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta; register

+ July 17; Calgary Construction Association - 80th Anniversary Classic Golf Tournament, Springbank Links; info/register

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

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


 THIS WEEK - NEWS SUMMARY 

  May 15 ~ 21, 2024 


 


 


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 QUOTES  

+ Don't wait to start writing until you have something to say. Start writing so you can find out what you have to say. You first idea is rarely your best idea. It can take a lot of reps before you discover something worth keeping. - James Clear

+ People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily. - Zig Ziglar




 KUDOS 

+ to the Edmonton Oilers – they defeated Vancouver Canucks in game 7 to advance (the only Canadian team still in it this year) to the conference final in the Stanley Cup playoffs 


                                                     

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  NEWS THIS WEEK  


+ Calgary city council PASSED it’s amended zoning bylaw – after 16 day public hearing, 20 amendments,  and much posturing about something many Calgarians are coming to understand, its Blanket Rezoning as part of a a strategy and connected to getting Federal government money for programs including a large funding tranche for transit busess

+ Canasia Energy Corp’s Andora Energy acquired additional Sawn Lake assets from Deep Well Oil & Gas (Alberta) Ltd. insolvency

+ change is coming soon – I mean now! … FACILITYCalgary publishing notices from it’s new Substack platform – stay tuned for announcements as we make access quicker, easier

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$78/bbl; Brent @ US$82/bbl ~

+ fire season 2004 is underway: Alberta wildfire concerns are well founded;  34 fires are active – 12 of them are new/2024 fires – none are out of control   - wildfires treatening Fort McMurray, Grand Prairie and Fort Nelson have come under control – evacuated residents returning

+ fire season 2004 – O&G production interruption/shut in announcements this week:  Pieridae Energy

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+  Genesis Land Development Corp. agreed to sell 40% stake in its Huxley Development for $21.4 million

+ IntelGenx entered into restructuring and CCAA creditor protection

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Perpetual Energy Inc. got court approval of it’s Sequoia litigation settlement

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up 1 to 604 this week; Canada: down 2 to 114 this week

+ top restaurants: Calgary has 4 of Canada’s Top 100

 


 


 
THIS WEEK IN FINANCINGS 
- proposed & closed

+ BriaCell Therapeutics closed a $5.0 million equity raise

+ Euromax Resources Ltd. closed $1.06 million tranche of its equity raise by private placement

+ GreenPower is on the market to raise US$2.3 million in equity

+ Solar Alliance is on the market to raise $1.0 million in equity by private placement

+ Sun Life Financial Inc. closed a $750.0 million unsecured sub debt raise

+ TerraVest Industries Inc. closed a $96.525 million equity raise


 


 
 SHAREHOLDER MEETINGS

+ May 22; Cineplex Inc., Annual Meeting of Shareholders, Toronto/virtual only

+ May 22; Peyto Exploration & Development Corp., Annual Meeting of Shareholders, Calgary

+ May 23; Africa Oil Corp., Annual General Meeting of Shareholders, Vancouver

+ May 23; Fiera Capital Corporation, Annual and Special Meeting of Shareholders, Montreal

+ May 24; Enerplus Corporation, Special Meeting of Shareholders, Calgary

+ May 27; Indigo Books & Music Inc., Special Meeting of Shareholders, Calgary

+ May 28; Comet Lithium Corporation, Annual and Special Meeting of Shareholders, Montreal

+ May 28; Hess Corp., Special Meeting of Shareholders, New York

+ May 31; BRP Inc., Annual General Meeting, Valcourt

+ June 4; TC Energy Corporatrion, Annual and Special Meeting of Common Shareholders, Calgary

+ June 12; Dollarama Inc., Annual General Meeting of Shareholders, Montreal

+ June 17; High Arctic Energy Services Inc., Annual General and Special Meeting of Shareholders, Calgay

+ June 18; Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, Dublin

+ June 20; Africa Energy Corp., Annual General And Special Meeting of Shareholders, Vancouver

+ June 20; BTB REIT, Annual General Meeting of Unitholders, Montreal

+ June 20; Invesque Inc., Annual General Meeting, Toronto

+ Aug. 20; Dye & Dunham Limited, Special Meeting of Shareholders, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

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


 


 
 CONTRUCTION - BUILDING SERVICES NEWS 

+ Calgary city council PASSED it’s amended zoning bylaw – after 16 day public hearing, 20 amendments,  and much posturing about something many Calgarians are coming to understand, its Blanket Rezoning as part of a a strategy and connected to getting Federal government money for programs including a large funding tranche for transit busess


 


 
 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ AtkinsRéalis published its Annual Integrated Report

+ Manulife published its 2023 Sustainability Report

+ Valeura Energy Inc. published its 2023 Sustainability Report


 


 
 REITs + TRUST NEWS 

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag


 


 
 INTERESTING TRENDS/NEWS: RETAIL

+ Red Lobster is in Chapter 11 insolvency process; 550 U.S. restaurants and 27 in Canada impacted; creditors are providing financing to support the operation continuing to operate ...


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this site last updated May 6, 2025