+ Aubrey Lovery to Director, Growth & Strategy @ TORQUE Strategies

+ Bernard Naumann to Pres. & CEO, Life @ Munich Re Canada

+ Bob Cummings to Exec. VP, ultra-low-cost-carrier @ WestJet

+ Bob Garrison to Special Advisor @ Quantum Energy Partners

+ Clinton Keay to Exec. VP Technology & Lead of Transformation Office @ Empire Company Limited

+ David O’Brien, Director @ Distinct Infrastructure Group Inc., resigned

+ Devan MacPherson to Project Coordinator @ Charlton & Hill

+ Doug Horner to Director @ Distinct Infrastructure Group Inc.

+ Ed Sims to Exec. VP, Commercial @ WestJet

+ Jacqui McGillivray, Exec. VP, Safety & Organizational Effectiveness @ Cenovus Energy Inc., gone …

+ Jim Hotchkiss, Sr. VP Bus. Dev. @ BluMetric Environment Inc., left the company

+ Jim Keohane, Director @ Home Capital Group Inc., resigned

+ Julie Godin to Director @ CN

+ Louise Gallagher to Director, Communications & Stakeholder Relations @ Inn from the Cold

+ Michael Grandin, Director & Chair @ Cenovus Energy Inc., retired

+ Michael Vels, CFO @ Hydro One Limited, resigned

+ Michael Vels to CFO @ Empire Company Limited

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

+ Nick Creatura to Pres. & CEO, CNA Canada @ CNA Financial Corporation

+ Nilima Sonpal-Valias to Director of Policy & Research @ Calgary Chamber of Voluntary Organizations

+ René Hamel to Chairman @ SSQ Financial Group

+ Richard Letarte to Pres. &CEO, New Ventures @ Munich Re Canada

+ Rob Campbell to Chief Commercial Officer @ Ballard Power Systems Inc.

+ Shauneen Bruder to Director @ CN

+ Susan Dabarno to Director @ Cenovus Energy Inc.

+ Sylvie Lalande to Chair @ Capital régional et coopératif Desjardins

+ Valerie Nielsen, Director @ Cenovus Energy Inc., retired

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

+ Humber River Hospital achieved LEED Gold certification – surpassing it’s intended LEED Silver status; waytogo Plenary Group and PCL …

+ Northland Power Inc. completed its EUR2.8 billion Gemini offshore wind farm (600MW) ahead of schedule and under budget

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

+ June 22; 56^th 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

+ Agellan Commercial REIT acquired a 400,000 sq. ft. industrial distribution facility in Flint, Michigan for US$16.0 million

+ Milestone Apartments REIT completed its going-private transaction with Starwood Capital Group; the REIT was wound-up and terminated

+ 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

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning

updated May 2, 2017

HEADLINES: crude prices slipping | Pembina-Veresen merger | Walton International in CCAA + Rob Stewart interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 

+ May 2; Agrium Inc., Annual General Meeting of Shareholders, Calgary

+ May 2; Encana Corporation, Annual Meeting of Shareholders, Calgary

+ May 2; WestJet, Annual Meeting of Shareholders, Calgary

+ May 3; Veresen Inc., Annual Meeting of Shareholders, Calgary

+ May 4; Great-West Lifeco, Annual and Special Meeting, Winnipeg

+ May 4; Manulife Financial Corporation, Annual Meeting, Toronto

+ May 4; SNC-Lavalin Gorup Inc., Annual Shareholders’ Meeting, Montreal

+ May 4; The Manufacturers Life Insurance Company, Annual Meeting, Toronto

+ May 4; TransAlta Renewables Inc., Annual Meeting of Shareholders, Calgary

+ May 5; Husky Energy Inc., Annual Meeting of Shareholders, Calgary

+ May 5; Pembina Pipeline Corporation, Annual General Meeting, Calgary

+ May 8; Economical Mutual Insurance Company, Annual Meeting, Kitchener

+ May 8; Inter Pipeline Ltd. Annual General Meeting of Shareholders, Calgary

+ May 9; George Weston Limited, Annual Meeting of Shareholders, Toronto

+ May 9; Gibson Energy Inc., Annual General Meeting, Calgary

+ May 9; Innergex Renewable Energy Inc., Annual and Special Meeting of Shareholders, Montreal

+ May 9; Inovalis REIT, Annual Meeting of Unitholders, Toronto

+ May 9; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ May 10; Black Diamond Group Limited, Annual General Meeting, Calgary

+ May 10; Pure Industrial REIT, Annual and Special Meeting of Unitholders, Vancouver

+ May 10; Summit Industrial Income REIT, Annual Meeting of Unitholders, Toronto

+ May 10; Sun Life Financial Inc., Annual Meeting, Toronto

+ May 11; Canadian Tire Corporation, Annual General Meeting of Shareholders, Toronto

+ May 11; Crombie REIT, Annual General and Special Meeting of Unitholders, New Glasgow, NS

+ May 11; Quebecor, Annual Meeting of Shareholders, Montreal

+ May 12; Crius Energy Trust, Annual Meeting of Unitholders, Toronto

+ May 12; Emera Inc., Annual Meeting of Shareholders, Halifax

+ May 12; Sleep Country Canada Holdings Inc., Annual General Meeting of Shareholders, Toronto

+ 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 24; Pure Multi-Family REIT LP, Annual and Special Meeting of Unitholders, Vancouver

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

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 - 2017 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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http://plandflex.com 
http://markmusing.com  

+ Alberta land sale Apr. 26 netted $26.6 million for GOA; year-to-date total is $109.3 million compared with $39.3 million at same point last year …

+ current energy prices – live link to current Bloomberg energy prices; crude prices continue a downward wobble ~ as nervous markets on edge about oversupply, about OPEC extending production cutbacks or not, Libya restarting production on its largest field … tic toc

+ Great-West Lifeco Inc. is restructuring, will reduce staff by 1,500 jobs by 2019 across the country

+ Journey Energy Inc. closed its $35.6 million acquisition of central Alberta assets; also, they disposed of $5.0 million of non-core assets

+ KPMG LLP acquired ToMont Solutions; terms not disclosed

+ Manitok Energy Inc. agreed to acquire Craft Oil Ltd. for $6.6 million in an all shares transaction

+ Mosaic Capital Corporation closed its 75% acquisition of Cedar Infrastructure Products Inc.

+ Paramount Resources Ltd. agreed to sell its oil & gas properties in Valhalla area for $150.0 million

+ Pembina Pipeline Corporation and Veresen Inc. are merging; the combined entity will have $33.0 billion enterprise value; Pembina will acquire shares of Veresen in a $9.7 billion transaction, assumption of Veresen’s debt and preferred shares

+ Pengrowth Energy Corporation agreed to sell its remaining Swan Hills area assets for $185.0 million

+ Pinchin West Ltd. changed its name to Pinchin Ltd.

+ PSAC revised its 2017 drilling activity forecast upward by over than 2,500 to 6,680 wells

+ PUDO Inc. signed at JV agreement with P2P Mailing Ltd.

+ rig counts; Western Canada rig count down 14 to 85 this week; previous week was down 19 to 99 … seems to be a trend, typical at spring break-up time …

+ Shaw Communications will close local TV stations in Calgary, Edmonton and Vancouver by Aug. 15; will redirect $10.0 million to Global News

+ Suncor resumed shipments from Mildred Lake oilsands plant after recovery from March fire

+ the BEAST; 1^st anniversary of Fort McMurray wildfire known as the BEAST … community still recovering slowly amid reports of ‘off the charts’ levels of PTSD … no surprise there, it was horrific …

+ TransCanada Corporation’s KeystoneXL project is facing its Nebraska hurdle tomorrow; 10 hour hearing with Nebraska state regulators … tic toc

+ Trilogy Energy Corp. agreed to sell a portfolio of Grande Prairie area assets for $50.0 million

+ Walton International Group Inc. has sought bankruptcy protection to restructure under CCAA; $67.3 million in losses over three years; Ernst & Young are court-appointed monitors of the 35-year old company

+ GreenPower Motor Company Inc. is on the market to raise $2.0 million in convertible debt

+ Hemisphere Energy Corporation closed $1.1 million flow-through shares issue by private placement

+ Home Trust secured a $2.0 billion credit line, initially drew down $1.0 billion

+ Journey Energy Inc. secured $125.0 million credit facility

+ Kennady Diamonds Inc. is on the market to raise $10.0 million in equity by private placement

+ Leucrotta Exploration Inc. closed $80.0 million equity financing

+ Petro-Victory Energy Corp. closed $500,000.0 equity financing by private placement

+ Potentia Renewables secured $107.0 million debt financing

+ RocketFrac Services Ltd. closed $3.1 million initial round of equity financing

+ SNC-Lavalin closed $880.0 million equity financing

+ SNC-Lavalin closed $400.0 million equity financing by private placement

+ Toscana Energy Income Corporation secured $36.0 million credit facility

+ Traverse Energy Ltd. is on the market to raise $2.0 million in equity by private placement

+ Cadillac Fairview Corporation is first in North America to achieve WELL Core & Shell Certification for its TD Centre tower at 222 Bay St., Toronto project

+ video for on-boarding

+ LinkedIn hits 500 million member milestone

+ I am the only one, but I am one. I cannot do everything, but I can do something. And I will not let what I cannot do interfere with what I can do. – Edward Everett Hale

+ Do something today that your future self will thank you for. - anonymous

+ Calgary, Ottawa and Vancouver airports came out AGAINST the notion of Trudeau government selling off airport properties: information/website

+ Calgary’s LRT Blue Line began running four-car trains yesterday

+ Mount Royal University got $5.0 million from federal ($3.0 million) and provincial ($2.0 million) in funding to upgrade energy and HVAC systems at the university to reduce energy & operating costs …

+ Canam Group Inc. announced plans to take the company private

+ federal government support program ($12.0 million allocated) for drywall buyers dealing with elevated costs due to anti-dumping duties imposed by U.S. government are now open for applications: DRYWALL SUPPORT PROGRAM ; this will be especially helpful to Fort McMurray residents who are rebuilding …

+ Duke Realty agreed to sell its medical office business to Healthcare Trust of America for US$2.8 billion

+ Ports Toronto did a sale/leaseback transaction on its headquarters property at Bay & Harbour Streets in Toronto; buyers were Oxford Properties Group and CPPIB, each with 50%; price was $96.0 million

+ West Village Partners (JV of Kilmer Group, Dream Unlimited Corp., Diamond Corp. & Fram + Slokker) closed their purchase of 73-acre site in Port Credit, ON from Imperial Oil; waterfront property, mixed use development