FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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CONVERSATIONS

Mark Kolke interviews interesting people.
He seeks a glimpse of what drives them, how they see the world and what they see in Calgary's future.

This week's conversation with Dan Hays , former Senator & Sr. Partner at Norton Rose Fullbright

Last week's conversation with Cheryl Doherty, CEO @ Boys & Girls Clubs of Calgary

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



 SHAREHOLDER MEETINGS

+ May 26; Calloway REIT, Annual Meeting, Toronto

+ May 28; PIRET, Annual Meeting, Vancouver

+ May 28; Pure Multi-Family REIT LP, Annual Meeting, Vancouver

+ June 1; Defence Construction, Annual Public Meeting, Ottawa

+ June 2; Arcan Resources Ltd., Speacial Meeting of Shareholders, Calgary

+ June 2; Canadian International Oil Corp., Special Meeting of Securityholders, Calgary

+ June 4; High North Resources Ltd., Debenturholders Meeting, Calgary

+ June 4; Regal Lifestyle Communities, Annual Meeting, Toronto

+ June 4; WesternZagros Resources Ltd., Annual General and Special Meeting, Calgary

+ June 8; BrightPath Early Learning Inc., Annual Shareholders Meeting, Toronto

+ June 8; H &R REIT, Annual Meeting, Toronto

+ June 9; PRO REIT, Annual and Special Meeting of Unitholders, Montreal

+ June 15; Agellan Commercial REIT, Annual Meeting

+ June 15; Mart Resources Inc., Annual and Special Meeting of Securityholders, Calgary

+ June 16; BTB REIT, Annual Meeting,

+ June 16; InnVest REIT, Annual Meeting, Toronto

+ June 17; Partners REIT, Annual Meeting of Unitholders, Barrie, ON

+ June 17; RioCan REIT, Annual Meeting, Toronto

+ June 17; ShaMaran Petroleum Corp., Annual General Meeting, Vancouver

+ June 18; Artis REIT, Annual Meeting, Winnipeg

+ June 18; Extendicare Inc., Annual General & Special Meeting, Toronto

+ June 19; First Capital Realty, Annual Meeting, Toronto

+ June 24; Sunshine Oilsands Ltd., Annugal General Meeting, Hong Kong

+ June 30; Legacy Oil + Gas Inc., Annual General Meeting, Calgary


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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Al Reid to Exec. VP Environment, Corp. Affairs & Legal @ Cenovus Energy Inc.

+ Drew Zieglgansberger to Exec. VP Oil Sands Manufacturing @ Cenovus Energy Inc.

+ Fotini Tolias to Sr. VP @ Plaza Retail REIT

+ Glen McMillan to CFO @ Brookfield Real Estate Services Inc.

+ James Petrie to Exec. VP & COO @ Plaza Retail REIT

+ Jacqui McGillivray to Exec. VP Safety & Organizational Effectiveness @ Cenovus Energy Inc.

+ Hayward Walls, Exec. VP Strategy & Organization, retiring

+ John Brannan, Exec. VP & COO @ Cenovus Energy Inc., retiring

 

+ Kerry Dyte, Exec. VP, Gen. Counsel & Corp. Secretary @ Cenovus Energy Inc., retiring

+ Keving Salsberg to Exec. VP & Chief Investment Officer @ Plaza Retail REIT

+ Leo de Bever to Sr. Advisor @ Bennett Jones LLP

+ Mark Hornett, Pres. & COO @ PRD Energy Ihnc., resigned

+ Sheila McIntosh, Exec. VP, Environment & Corp. Affairs @ Cenovus Energy Inc., retiring

+ Stuart Garvie to Pres. , Bell Media Sales @ Bell Media

+ Sue MacKay to VP Marketing @ Empire Communities

+ Wang Yilin, Director @ CNOOC Limited, resigned

 




BOARDROOM changes, purges, appointments etc.

+ Art Bray, Director @ Newton Energy Corporation, resigned

+ Barry Zubrow to Director @ CIBC

+ Brian Felesky to Trustee @ Edgefront REIT

+ Brian Mason to Government House Leader @ Government of Alberta

+ Burton Ahrens to Director @ Blackbird Energy Inc.

+ Joseph Barnicke, founder of J.J. Barnicke Real Estate, died

+ Lois Mitchell to Lieutenant Governor @ Government of Alberta

+ Lori Stewart to Director @ Newton Energy Corporation

+ Pat Powell to Director @ ARK Oilfield Transportation Inc.

+ Rachel Notley, Sworn in as Alberta’s 17th Premier

+ Yang Hua to Chairman @ CNOOC Limited




 SAVE THE DATE / upcoming events


+ May 24-2 7; Banff Compass 2015; Association of Fundraising Professionals, Banff

+ May 27; 4th Annual Breakfast WITH Champions in support of Special Olympics, TELUS Convention Centre,Calgary; info/register/tickets

+ June 2; Calgary Leasing Conference, TELUS Convention Centre, Calgary info/register

+ June 5; OPEC, 167th OPEC Meeting, Vienna, Austria info/register

+ June 9-11; Global Petroleum Show 2015; Stampede Park, Calgary info/register

+ June 11; Alberta Legislature session resumes; election of new speaker

+ June 15; Alberta Legislature session – Throne Speech

+ July 3-12; Calgary Stampede 2015 - tickets now on sale 

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary

+ Feb. 26/15; BUILDEX Vancouver, Vancouver Convention Center, Vancouver


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



 SAVE THE DATE / GOLF TOURNAMENTS


+ June 4; STARS & Lions 12th Annual Golf Classic, Lynx Ridge, Calgary; info/register
+ June 8, IFMA Annual Golf Tournament, Inglewood Golf Course; info/register
+ June 25; 19th Annual Stay in School/Rotary – Calgary Connector Charity Golf Classic, Silvertip, Canmore; info/register
+ July 9; 13th Annual Coast Hotels – Shu Naito Golf Classic, Westwood Plateau, Coquitlam; info/register
+ Aug. 13; 10th Annual CREW Golf Tournament, Sirocco Golf Club, Calgary; info/register
+ Aug. 17; 16th Annual Special Olympics Calgary Golf Classic, Country Hills GC .. details later

FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated ... May 26, 2015




 TODAY'S HEADLINES


 

Cenovus executive suite shake-up | real-time fire drills in oilsands region | Notley’s cabinet sworn in | NWT shale oil | significant oil production shut-in by wildfires +  Dan Hays interview | upcoming events & corp. meetings + climate changes news + financings + executive and board appointments >>>>




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 QUOTES

+ a Canadian is merely and unarmed American with health care. – John Wing

+ it is wonderful to feel the grandness of Canada in the raw, not because she is Canada but because she’s something sublime that you were born into, some great rugged power that you are part of. – Emily Carr




INTERESTING REAL ESTATE NEWS, other places


+ CPPIB (Canada Pension Plan Investment Board) entered JV with two companies on separate shopping mall investments; one in Germany, one in South Korea – total capital outlay $1 billion ….

+ Goldman Sachs Group Inc.’s Whitehall Street unit is selling 149 limited-service U.S. hotels to Moody National REIT Inc. for US$1.73 billion

+ Nobel REIT agreed to acquire four Montreal area investment properties; aggregate $14.1 million

+ PRO REIT agreed to acquire 7 commercial properties (Ontario & New Brunswick) for $40.5 million

+ Slate Office REIT agreed to acquire the office property portfolio (all in the Maritimes) of Fortis Inc. for $430 million




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PROJECT MANAGER / P3 / PUBLISHER

NEWS SUMMARY 
 May 19 - 26 


+ ATB – daily economist’s outlook

+ Aveda Transportation and Energy Services Inc. agreed to acquire Hodges Trucking Company LLC

+ British Columbia’s Clark Government signed and LNG development deal with Pacific Northwest LNG; unprecedented deal establishes cost-certainty on royalties – amid protestations from several first nations stakeholders .. tic toc..

+ Caspian Energy Inc. closed is acquisition of Aral Petroleum LLP

+ Cenovus Energy Inc. executive suite shake-up

+ Cenovus did a full fire drill, evacuated 1800+ workers from Foster Creek project and shut operations down as wildfires closed access roads, CNRL also shutting down some operations & evacuating staff … MEG Energy relocated Christina Lake staff ..

+ current energy prices – live link to Bloomberg energy prices ; crude prices gain as global deman firms up … spurring some drilling activity

+ Husky Energy Inc. started commercial steam operattions at its 10,000 barrels/day Ruks Lake heavy oil project in Saskatchewan

+ IMF, European Central Bankers and G-7 Finance Ministers meet this week in Germany; no doubt Greece is high on their agenda as Greek debt default looms .. again/still .. tic toc .. as will discussion about Britain’s possible exit from the Eurozone after Bank of England head Mark Carney’s office accidentally leaked internal memos [Energy Minister from GP has education background, Health Minister not up to speed on Calgary Cancer Centre .. etc. .. so hopefully their briefing books will get them up the learning curve quickly]…

+ NEB assessment suggests massive shale oil recovery potential in Northwest Territories

+ new government – Premier Notley and her cabinet sworn in ; portfolios + biographies – 3 of the 12 are Calgary MLA’s – amid concern their inexperience will hamper Alberta’s economic stability  tic toc ..

+ Pembina Pipeline Corporation agreed to provide terminalling services for the North West Redwater Partnership serving the lanned Sturgeon Refinery & $50 million expenditure for the Karr Lateral line to handle 30,000 barrels/day

+ province-wide fire ban went into effect; campfires/fires of any kind banned from anywhere in the Forest Protection Area (the green area); wildfire status map

+ Russel Metals Inc. closed its acquisition of Western Fiberglass Pipe Sales; terms not disclosed

+ Tennis Alberta and Tennis Canada broke ground on indoor tennis centre in Acadia; aimed at developing elite players




FINANCINGS - proposed & closed

+ Bellatrix Exploration Ltd. closed US$250 millioin sr. unsecured debt issue

+ Junex Inc. is on the market to raise $22 million in common shares & warrants issues

+ Marksmen Energy Inc. is on the market to raise $650,000 by a common shares & warrants issue

+ Paramount Resources Ltd. is on the market to raise US$450 millioni in sr. unsecured debt

+ Petroleo Brasiliero SA (Petrobras) secured US$ 10 billion credit facility from China

+ PRO Reit is on the market to raise $17.5 million in equity

+ Slate Office REIT is on the market to raise $80 million in equity

+ Storm Resources Ltd. is on the market to raise $36.4 million in equity

+ TORC Oil & Gas Ltd. closed $288,052,000 equity financing

+ Yangarra Resources Ltd. closed $20 million equity financing

 




 CLIMATE CHANGE IN THE NEWS 

+ CO2 Solutions Inc. started-up its 10 tonnes per day CO2 capture demonstration project at Salaberry-de-Valleyfield, QC

+ Greg Rickford, Canada's Minister of Natural Resources; Ernest J. Moniz, United States Secretary of Energy; and Pedro Joaquín-Coldwell, Mexico Secretary of Energy, today announced the creation of the North American Energy Ministers' Working Group on Climate Change and Energy

+ new federal grant for the University of Calgary will provide a comprehensive training opportunity for students working on cheaper, more efficient means of capturing greenhouse gas emissions -- Chemistry professor George Shimizu was awarded a CREATE Grant from the Natural Sciences and Engineering Research Council of Canada (NSERC); $1.65 million over six years to train students to develop various carbon capture technologies for eventual industrial use




 this week in REITS 


+ Nobel REIT agreed to acquire four Montreal area investment properties; aggregate $14.1 million

+ PRO REIT is on the market to raise $17.5 million in equity

+ PRO REIT agreed to acquire 7 commercial properties (Ontario & New Brunswick) for $40.5 million

+ Slate Office REIT agreed to acquire the office property portfolio (all in the Maritimes) of Fortis Inc. for $430 million

+ Slate Office REIT is on the market to raise $80 million in equity




 INFRASTRUCTURE / P3 / GREEN


+ Harper Government announced the ‘Canada 150’  community infrastructure program for small communities to access funds for libraries, arenas etc. – largely seen as a pre-election carrot; the ’150’ references $150 million attached to the announcement and our 150th Anniversary celebration in 2017 …




 OIL SANDS NEWS 

+ Cenovus did a full fire drill, evacuated 1800+ workers from Foster Creek project and shut operations down as wildfires closed access roads, CNRL also shutting down some operations & evacuating staff …




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this site last updated May 6, 2025