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 

+ Allan Nielsen to Director @ THIRDACTion Film Festival

+ Aly Bandali to Director @ THIRDACTion Film Festival

+ Brad McGrath to Project Director @ Ledcor

+ Brenda Eprile to Director @ Assuris

+ Chuck Zadlo to COO @ Wildpack Beverage Inc.

+ Clive Beddoe to Interim CEO @ SQI Diagnostics Inc.

+ Colleen Fortuna to Customer Success Mgr. @ Oxford Properties Group

+ Dave Barton to Customer Service Mgr. @ Logel Homes

+ David Pickersgill to Director @ THIRDACTion Film Festival

+ Gord Grant to Director @ THIRDACTion Film Festival

+ Harry Anderson to Sr. VP & COO, Pipelines @ Pembina Pipelines Corporation

+ Ian Graham to CFO @ Cathedral Energy Services Ltd.

+ Jane Kinney to Vice-Chair @ Perimeter Institute for Theoretical Physics

+ Janet Loduca to Sr. VP, External Affairs, Chief Legal & Sustainability Officer @ Pembina Pipeline Corporation

+ Larry Noer to Pres. & COO @ Jayman BUILT

+ Louise Gallagher to Director @ THIRDACTion Film Festival

+ Lyn Cadence to Director @ THIRDACTion Film Festival

+ Mary Ritchie to Director @ Miravo Pharmaceuticals Inc.

+ Mike O’Connor to Director @ THIRDACTion Film Festival

+ Onorio Lucchese to Managing Dir., Real Estate Investment Banking @ Raymond James Ltd.

+ Pelé Williams to Director @ THIRDACTion Film Festival

+ Rachel Pinnington to Dir. Account Strategy & Media Relations @ Jaymie Scotto & Associates

+ Robert Chioni, CEP @ SQI Diagnostics Inc., resigned

+ Ronan McGrath to Interim CEO @ Redline Communications Group Inc.

+ Shafiq Bhura to Director @ THIRDACTion Film Festival

+ Sharon MacLeod to Director @ Power Corporation of Canada

+ Stephen Sorocky, Pres. & CEO @ Redline Communications Group Inc., resigned

+ William Awad, Founder and CTI @ VOTI Detection Inc., retired

~ 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 

+ Alberta’s new $370.0 million job creation initiative

+ COVID rules – on and off the clock

+ drained, digital fatigue …




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 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; Fiera Capital Corporation, Annual General Meeting of Shareholders, 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 15; BTB REIT, Annual and Special Meeting of Unitholders, 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 22; Optiva Inc., Annual and Special Meeting of Shareholders, 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  




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Tricon Residential Inc. published its inaugural 2020 ESG report



 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 Bill Chomik, 2021 winner of the Tom Sutherland Award from the Alberta Association of Architects; congratulations to Bill, and fond remembrances of Tom




 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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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID news | Alberta jobs initiative | Bill Chomik honoured | CP/CN – KCS saga | Shaw-Rogers merger OK’d + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

Contact Zelos for a free consultation today
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 LEADERS IN PRIVATE WEALTH MANAGEMENT



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EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



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OUR SERVICES



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DIGITAL COMPONENT CONSTRUCTION



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

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 this week in REITs + TRUSTS 


+ Artis REIT entered into an asset management/services agreement with Sandpiper Asset Management Inc.

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 QUOTES 

+ Courage is the most important of all the virtues, because without courage you can't practice any other virtue consistently. You can practice any virtue erratically, but nothing consistently without courage. – Maya Angelou

+ We are starting to see some early signs of excess exuberance, but we’re a long way from where we were in 2016-2017 when things were really hot. – Tiff Macklem, Bank of Canada Governor, commenting on the housing market




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 18 ~ 25 / 2021 


+ Alberta COVID-19 stats: 2,183 deaths to date, 13.608 active cases of 224,647 confirmed cases to date: aggregate Alberta data – currently, 589 Albertans are in the hospital with COVID-19, and 161 of those are in intensive care units; 4,482,447 tests have been administered to 2,131,263 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 – two weeks done, one week to go …

+ Alberta students back to school – K-12 in-person instruction resumes today except for Regional Municipality of Wood Buffalo/Fort McMurray ..

+ Alberta’s new $370.0 million job creation initiative

+ Alberta Vaccine program –  now finishing Phase 2

+ABTraceTogether – get the APP

+ Advantage Oil & Gas Ltd. changed its name to Advantage Energy Ltd.

+ Cabot Oil & Gas Corporation agreed to merge with Cimarex Energy to create U.S. shale giant; enterprise value US$17.0 billion

+ Calgary Council Derby, lots of horses in this year’s races: City of Calgary 2021 elections; now there are 16  candidates running for mayor: Ian Chaing, Jan Damery,  Jeremy Farkas, Brad Field, Emile Gabriel, Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley, and Jeff Davidson; 67 candidates have filed nomination papers for council’s 14 Ward seats

+ Cenovus Energy Inc. closed a $100.0 million sale of Marten Hills royalty interests

+ CPR merger with KCS: it looks like CN has outbid CP and the CN-KCS merger looks like a go on the face of it, but there are regulatory hurdles ahead, so CP is not out of it yet saying they are standing by, ready to go forward … tic toc

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; after an up/down week, WTI at US$66/bbl, Brent at US$68/bbl … holding steady in anticipation of increased demand as European and North American economies reopen …

+ Enbridge Line 5 – Michigan easement issue; the line continues to operate while the State and Enbridge continue their court-ordered mediation …

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

+ Ovintiv Inc. closed its Eagle Ford asset sale

+ Parkland Corporation acquired 75% interest in two portfolios of Caribbean locations in the Dominican Republic and St. Maarten

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

+ Reconnaissance Energy Africa Ltd. agreed to acquired Renaissance Oil Corp. for $155.0 million

+ rig activity in Canada

+ rig counts (active/working) – US: up 2 to 455 this week; Canada: down 1 to 58 this week; full breakdown and international rig counts

+ Shaw Communications Inc. shareholders approved merger/combination with Rogers Communications Inc.

+ Shell Oil Company agreed to sell its 50% interest in Deer Park Refining Limited Partnership to its partner, a Pemex subsidiary for US$596.0 million

+ Tailwind agreed to acquire BP’s 27.5% stake in the North Sea Shearwater field

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

+ Topaz Energy Corp. agreed to acquire a portfolio of royalty and infrastructure assets for $347.0 million

+ Woodside Petroleum Ltd. planning to sell its 50% stake in its proposed Kitimat LNG project …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bast Fibre Technologies Inc. closed $8.5 million equity round financing

+ Bausch Health Companies Inc. is on the market to raise $1.6 billion in sr. secured debt

+ CareRx Corporation closed $63.25 million equity financing

+ Crombie REIT closed $100.0 million equity raise

+ Dore Copper Mining Corp. is on the market to raise $31.0 million in equity by private placement

+ dentalcorp Holdings Ltd. is on the market to raise $700.0 million in equity by IPO

+ dentalcorp Holdings Ltd. is on the market to raise $250.0 million in equity by private placement

+ Intact Financial Corporation closed $1.0 billion in debt financings by private placements

+ Microbix Biosystems Inc. closed $5.75 million equity raise by private placement

+ Neighbourly Pharmacy Inc. is on the market to raise $175.0 million in equity by IPO

+ OpenUnit secured $1.0 million seed round financing

+ Seaspan Corporation is on the market to raise US$500.0 million in sr. secured debt by private placement

+ Skylight Health Group Inc. is on the market to raise $12.0 million in equity

+ Topaz Energy Corp. is on the market to raise $175.0 million in equity

+ Tricon Residential Inc. is on the market to raise $175.0 million in equity

+ Uranium Royalty Corp. closed $25.0 million equity financing

+ Uranium Royalty Corp. closed $12.0 million debt

+ ViveRE Communities Inc. closed $2.5 million equity raise

*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 …




 INFRASTRUCTURE + P3


+ Alberta Transportation issued a P3 RFQ for $478 million Deerfoot Trail upgrade package




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Alberta Transportation issued a P3 RFQ for $478 million Deerfoot Trail upgrade package

+ all construction in Ontario to be allowed to reopen by mid-June

+ Hydro Quebec transmission line go-ahead

+ ZAS project in Toronto – wood-based net-zero project …




 SAVE THE DATE / upcoming events

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

+ 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 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 18-20; Cultivation of Art Show and Sale, Vale’s Greenhouse, Black Diamond; info/directions

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

+ July 9 – 18; Calgary Stampede, details to be announced ….

+ 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