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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Angelique Jenney to Research Chair @ Wood’s Homes

+ Brian Hughes to Assistant VP, Environmental Underwriting @ XL Catlin

+ Brian McCaulay to Pres. & CEO @ Concert Real Estate Corporation

+ Dan Tsubouchi, Director @ Petrowest Corporation, resigned

+ George Voneiff to Director @ Painted Pony Petroleum Ltd.

+ Heather Culbert to Director @ Whitecap Resources Inc.

+ Heather Lawton, Director of Projects @ Bolder Graphics

+ James Coleman, Director @ Petrowest Corporation, resigned

+ James Lisson to Director @ Home Capital Group Inc.

+ John Marsh, Director @ Home Capital Group Inc., resigned

+ Judith Sinclair to Retail Leasing Associate @ Fairfield Commercial

+ Karl Bomhof to Pres. & CEO @ FortsAlberta Inc.

+ Kevin Reinhart to Director @ Enerflex Ltd.

+ Lyle Whitmarsh to Pres. @ Savanna Energy Services Corp.

+ Marc Estrada to Environmental Team Lease @ XL Catlin

+ Maureen Cormier Jackson to Director @ Enerflex Ltd.

+ Mike Arcamone to COO @ VersaCold Logistics Services

+ Parand Meysami to Board of Governors @ Bow Valley College

+ Paul Beitel to Director @ Painted Pony Petroleum Ltd.

+ Paul Shelley, Director @ Petrowest Corporation, resigned

+ Peter Liabotis to CFO @ Gravitas Financial Inc.

+ Robert Brault to Sr. Project Mgr. @ Century Group Constructors Inc.

+ Sami Saad to CEO @ Petrowest Corporation

+ Sean Guest to COO @ Valeura Energy Inc.

+ Shahzad Ashfaq, Director @ Jura Energy Corporation, resigned

+ Tyler Edgington to Pres. & Hydrocarbons Director @ Dow Canada


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




 HUMAN RESOURCE + WORKPLACE TRENDS 


+ poor workplace posture – and what to do about it




  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




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this  site is refreshed with a new issue every Tuesday morning


updated May 23, 2017




 TODAY'S HEADLINES


HEADLINES: Cenovus closed ConocoPhillips buy | crude oil prices up | design mergers (Martens joins Kasian, Toker joins Lemay) + Anthony Sanni interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

This week's conversation with Anthony Sanni, speaker/educator

A recent conversation with Shawna Wagner of TalentSphere Staffing Solutions

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



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 sponsors of this week's issue:

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



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



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



 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 ]



 SHAREHOLDER MEETINGS

+ 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 Meeting of Shareholder, Hong Kong


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



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NEWS SUMMARY 
 May 16 ~ 23 


+ Cenovus Energy Inc. closed its $17.7 billion acquisition of ConocoPhillips assets

+ current energy prices – live link to current Bloomberg energy prices; crude is up … mostly on trader confidence in longer-holding OPEC production cutbacks underscored by Russian and Saudi officials statements, by Iraq is balking .. tic toc

+ GOA announced legislation that will provide $235.0 million in loans to the Orphan Well Association; last year the association cleaned up 185 wells – but they have a list of 2,084 yet to go …

+ Great-West Life Assurance Company agreed to acquire Financial Horizons Group

+ Huntsman Corp. and Clariant AG agreed to US$14.0 billion merger

+ Leucrotta Exploration Inc. closed its $36.0 million acquisition of Montney assets

+ Martens-Group is joining Kasian Architecture Interior Design and Planning Ltd.

+ National Energy Board in the news – a report says it should be reinvented as two organizations and both should be moved to Ottawa; Alberta politicians say, NO, it should stay here … tic toc

+ Painted Pony Petroleum Ltd. closed its acquisition of UGR Blair Creek Ltd.

+ Painted Pony Petroleum Ltd. changing its name to Painted Pony Energy Ltd.

+ Progressive Conservative and Wildrose parties agreed to merge; subject to ratification by members

+ rig counts; Canada’s weekly count up 5 to 85

+ Rogers Insurance Ltd. will partner with/acquired a minority stake in Megson FitzPatrick Inc.

+ Sterling Resources Ltd. closed its sale of Sterling Resources (UK) Ltd. to SRUK Holdings Ltd. and Oranje-Nassau Energie B.V. for US$97.0 million

+ Toker + Associates merging with Lemay; will operate in Calgary as Lemay + Toker

+ U.S. President Trump’s administration served formal notice of its intention to renegotiate NAFTA treaty with Canada and Mexico




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Fronsac REIT closed $4,999,999.20 equity financing

+ Gaz Metro closed $200.0 million secured debt financing

+ Great-West Lifeco Inc. closed $200.0 million preferred share financing

+ GreenPower Motor Company Inc. closed $1.9 million convertible debt financing by private placement

+ Painted Pony Petroleum Ltd. secured $500.0 million credit facility

+ Pennine Petroleum Corporation closed $1,019,300 equity financing by private placement

+ Penn West Petroleum Ltd. secured $550.0 million credit facility

+ Power Financial Corporation closed $250.0 million preferred share financing

+ Primavera Resources Corp. closed its acquisition of Montney assets

+ Vesta Energy Corp. is on the market to raise $295.0 million in equity

+ Westcore Energy Ltd. closed $600,000.0 equity financing by private placement




 QUOTES

+ In order to carry a positive action we must develop here a positive vision. – Dalai Lama

+ What are going to do? Everything, is my guess. It will be a little messy, but embrace the mess. It will be complicated, but rejoice in the complications. – Nora Ephron




 KUDOS

+ to Clayton Riddell and Nancy Southern, named to Canadian Business Hall of Fame




 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 


+ Fronsac REIT closed $4,999,999.20 equity financing

+ PRO REIT agreed to acquire four properties in Woodstock, ON and Saint John, NB for $40.4 million; also agreed to sell two GTA properties for $22.3 million

+ Slate Retail REIT agreed to acquire Mooresville Consumer Square in Charlotte North Carolina for US$51.3 million




 INFRASTRUCTURE / P3  


+ Calgary City Council approved $4.65 billion budget for a shortened version (20 km.) of the LRT Green Line project; annual debt servicing costs estimated at $56.0 million/yr.

+ Infrastructure Ontario invited bids from prequalified teams for the Brockville General Hospital project






 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Government of Canada selected Arthur Meighen Building in Toronto to participate in its Zero Carbon Pilot Program – though one (1) building is certainly a ‘token commitment’ which shows the Trudeau government is a lot of talk but not much action when it comes to reducing the government’s environmental footprint


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FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com