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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Brandon Nussey to Director @ VersaPay Corporation

+ Bryan Colvin to Managing Principal @ RJC Building Science & Restoration

+ Cheryl Bernard to CEO @ Canada Sports Hall of Fame

+ Christian Cardona to Recruitment Consultant, Property & Facilites Management @ Hays

+ Clay Kellogg to CEO @ Terminal

+ Craig Alexander to Chief Economist, Deloitte Canada @ Deloitte & Touche

+ David Dobson to Director @ VersaPay Corporation

+ Dean Swanberg to Interim CEO @ Zedcor Energy Inc.

+ Diane Chamerlain to Pres. @ Bayport Polymers LLC

+ Edwin Nordholm to Interim Chair @ Posera Inc.

+ Eric Lefebvre to Director @ MTY Food Group Inc.

+ Gerry Thom to Director @ Axis Auto Finance Inc.

+ Ian McKinnon, Pres. &CEO @ Zedcor Energy Inc., resigned

+ Karen Higgins to Exec. VP & CFO @ The Co-operators Group Limited

+ Karen Pearce to Pres., McCann West @ McCann Worldgroup Canada

+ Lis Wigmore to Director @ Pinchin Ltd.

+ Loudon Owen, CEO & Chairman @ Posera Ltd., resigned

+ Luce Julien to Exec. Dir. News and Current Affairs @ Radi—Canada/CBC

+ Peter Donovan to Area Sales Mgr., Harmony @ Augusta Fine Homes and NuVista

+ Philippe Sarfati to Chief Risk Officer @ Concentra Bank

+ Pierre Lavallee to Pres. & CEO @ Canadian Infrastructure Bank

+ Stephen Diotte to Partner & Head of Leadership Services, Western Canada @ Odgers Berndtson

+ Suzanne Bergeron to Country President, Canada @ Sodexo

+ Wes Neichenbauer to Director @ Axis Auto Finance Inc.

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




 MEMORIAM

+ Fong Seto, retired restauranteur and oil patch entrepreneur; 85

+ Judge Ian Kirkpatrick, Alberta Provincial Court; 76




 KUDOS 

+ to Scotiabank Calgary Marathon – 8,500 racers raised $600K on Sunday for 68 local charities; winning time was 2:16:37, a new record, set by Feyera Daid of Ethiopia and Etobicoke …35 seconds better than the old record!

+ to Lorenzo Donadeo, Murray Cobbe, Dr. T. Chen Fong and the late David E. Mitchell, inducted to the Calgary Business Hall of Fame




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Emily Douglas on: This is why HR needs to rethink their benefit packages




 CHARITY GOLF TOURNAMENTS 

+ June 8; 16th Annual Alberta Treasury Management Charity Classic, Canmore Golf and Curling Club, Canmore; info/register

+ June 21; 57th Annual CSPG Classic Golf Tournament, Elbow Springs Golf Club, Calgary; info/register

+ June 26; University of Calgary Chancellor’s Challenge Golf Tournament, Country Hills Golf Club; info/registration - contact

+ July 5; 16th Annual Coast Hotels-Shuhachi Naito Golf Classic, Tsawwassen Springs, Delta, BC; info/register


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



  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency
+ AER - Alberta Energy Regulator
+ AIMCo – Alberta Investment Management Corporation
+ ASC – Alberta Securities Commission
+ AUC – Alberta Utilities Commission
+ BBL – barrel
+ BBLS/D – barrels per day
+ BIM – Building Information Modeling
+ 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
+ EPC – engineering, procurement and construction
+ 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
+ PSP – Public Sector Pension Investment Board
+ 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 29, 2018




 TODAY'S HEADLINES


HEADLINES: Aecon sale stopped | ATCO opens new HQ | crude prices down | Keyera’s 2nd big deal in Oklahoma | TransCanada Montney line OK’d | TransMountain Pipeline sold to Gov. of Canada | Vermilion closd $1.4 billion deal + Bob Whitworth iinterview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

This week's conversation with Bob (Simon) Whitworth, Founder/Pres. of Simple Simon Pies

A recent conversation with Mona Cooley, Founder/CEO @ Cool Family Solutions

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



 sponsors of this week's issue:

e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



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



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



SEE YOUR 
AD HERE
single/multiple issue insertions / queries:  kolke@facilitycalgary.com 
SEE YOUR 
AD HERE



 SAVE THE DATE / upcoming events

+ June 3; Pure West Art & Artifact Auction (speakers, Ian Tyson performing), Deane House, info/tickets

+ June 4-6; OPEX Summit; Operational Excellence in Energy Chemical & Resources, BMO Centre, Calgary; info/agenda

+ June 6; U of C/School of Public Policy, ‘Bridging Divides: In Search of Sound Public Policies for Energy and Environment in Canada, Fairmont Palliser Hotel, Calgary; register/tickets

+ June 11-13; NeoCon 50th Anniversary Trade Show & Conference, theMart, Chicago; info/register , registration now open

+ June 12-14; Global Petroleum Show, Stampede Park, Calgary; event guide

+ June 20-21; 7th OPEC International Seminar, Vienna, Austria

+ Sept. 3-5; World Heavy Oil Congress & Exhibition, Oman Convention Centre, Muscat, Oman; info/register

+ May 26-29/2019; 10th Annual Clean Energy Ministerial and 4th Annual Mission Innovation, Vancouver; details


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada is joining the International Renewable Energy Agency (IRENA)

+ ENMAX, following on the success of its District Energy Centre in the East Village area of downtown Calgary are taking their story north; proposing to develop a similar program in Edmonton




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NEWS SUMMARY 
 May 22 ~ 29 


+ a holiday yesterday in the U.S. (Memorial Day); U.S. markets were closed

+ AECON sale to CCCC International Holding Limited will not go ahead; Investment Canada found the $1.5 billion proposed transaction to not be in the national interest of Canada – and the Chinese Embassy reacted with cranky comments about investment cooperation between China and Canada

+ Alberto – the hurricane is hitting Florida on the Gulf of Mexico side; Exxon, Shell and Chevron cut output, pulling employees in from offshore facilities

+ ATCO opened its new corporate camps, ATCO Park in Lincoln Park near Mount Royal University, adjaced to Crowchild Trail

+ current energy prices – live link to current Bloomberg energy prices; prices down on the week – WTI holding steady at US$66.0/bbl, Brent at US$75.0/bbl following four days of downward trend; markets cautious as Saudi and Russia are talking output increases wile Venezuelan and Iran market jitters add to the mix … tic toc

+ Global Petroleum Show coming – June 12-14; celebrating 50th anniversary of the show!

+ Keyera Corp. agreed to acquire another Oklahoma asset – a logistics and blending terminal near Tulsa for US$90.0 million

+ MATRRIX Energy Technologies Inc. closed its $5.57 million acquisition of assets of Red Dog Drilling Inc.

+ REFINECO Inc. changes its name to Convverge Inc.

+ rig counts: down 2 to 83 – review full breakdown

+ SNC-Lavalin settled class action lawsuits filed in 2012, brought by security holders; settled for $110.0 million; insurers pay some, but SNC will pay $88.0 million for misleading investors about activing in Libya + Total S.A., Borealis AG and Nova Chemicals Corporation closed a JV – Bayport Polymers LLC on the U.S. Gulf Coast (Bayport and Port Arthur, Texas)

+ TransCanada Corporation sub. NOVA Gas Transmission Ltd. got NEB approval for its $1.4 billion North Montney Mainline natural gas project

+ TransMountain Pipeline expansion – Ottawa and Kinder Morgan agreed that the Government of Canada will buy the TransMountain Pipeline system - existing and expansion portions; price is $4.5 billion. Closing is in 3rd qtr. Construction will go ahead without interruption. Government of Canada is working to find a 3rd party buyer; sale of other Kinder Morgan Canada assets are NOT part of the transaction

+ U.S. rig counts: up 13 to 1,059 – review full breakdown

+ Vermilion Energy Inc. closed its $1.4 billion acquisition of Spartan Energy Corp.

+ WestJet pilot strike averted – for now; negotiations continue for WestJet and Swoop airline pilots




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Clearford Water Systems Inc. closed $1.65 million convertible debt financing

+ Frontera Energy Corporation closed US$100.0 million credit facility

+ Minto Apartment REIT is on the market to raise equity by an IPO

+ Source Energy Services Ltd. is on the market to raise $50.0 million in sr. secured debt

+ Tervita 2018 Escros Corporation is on the market to raise US$250.0 million in sr. secured debt

+ TMX Group Limited is on the market to raise $200.0 million in sr. unsecured debt

+ Vermilion Energy Inc. increased is credit facility to $1.6 billion

+ WireIE Canada Inc. closed $10.0 million long term debt financing

*editor’s note: names companies involved in debt financings we report in this section are ALWAYS the borrower …




 this week in REITS 


+ Pure Industrial REIT closed its sale to Blackstone Property Parnters (62%) and Ivanhoe Cambridge (38%)




 QUOTES 

+ Old ways don’t open new doors. – unknown

+ It is health that is real wealth and not pieces of gold and silver. – Mahatma Gandhi




 INTERESTING THINGS IN RETAIL 


+ Miniso has opened its first store; plans for 12 stores in Vancouver, for 100 stores across Canada within a year, to 500 within three years




 INTERESTING THINGS IN INDUSTRIAL 


+ Amazon is building a facility in east-end Ottawa; 1.0 million sq. ft. distribution centre; 99 truck loading docks, 96-acre site




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Blackstone Group LP agreed to acquired luxury hotel operators LaSalle Hotel Properties for US$4.8 billion

+ Blackstone Group is bidding US$2.3 billion for Sydney, Australia focused Investa Office Fund

+ 3T Equity Partners purchase a portfolio of Mississauga and Burlington industrial properties for $13.75 million




 SHAREHOLDER MEETINGS

+ May 29; Crius Energy Trust, Annual and Special Meeting, Toronto

+ May 29; VIA Rail Canada, Annual Public Meeting, Montreal

+ May 30; Pizza Pizza Royalty Corp., Annual Meeting of Shareholders, Toronto

+ May 30; Sterling Resources Ld., Annual General and Special Meeting of Shareholders, Calgary

+ June 6; Street Capital Group Inc., Annual and Special Meeting of Shareholders, Toronto

+ June 7; Dollarama Inc., Annual Meeting of Shareholders, Montreal

+ June 13; K-Bro Linen Inc., Annual General Meeting, Toronto

+ June 25; New West Energy Services Inc., Annual and Special Meeting of Shareholders, Calgary

+ June 26; Eagle Energy Inc., Annual General Meeting, Calgary


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



 INFRASTRUCTURE / P3  


+ a new heavy-load bridge will be built across the North Saskatchewan River, south of Redwater, as part of the Alberta High Load Corridor; $90 million Highway 38 bridge




 CONSTRUCTION NEWS + INNOVATION 

+ Augmented Reality – BIM on the jobsite …

+ Menkes Schooner Dagenais LeTourneux Architects awarded design work for National Bank’s new head office in Montreal

+ National Trust of Canada – published its’ Top 10 list – Endangered Places in Canada


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