FACILITYCalgary

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

FACILITYCalgary May 27/25

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“Anger is never without a reason, but seldom with a good one.” – Benjamin Franklin

“When someone is impatient and says. ‘I haven’t got all day,’ I always wonder, how can that be? How can you not have all day?” – George Carlin




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 SHAREHOLDER MEETINGS

+ Nov. 24; Eagle Energy Trust, Special Meeting of Unitholders, to approve Canadian asset acquisitions, Calgary

+ Dec. 3; Kodiak Oil & Gas Corp., Special Meeting of Securityholders, Denver

+ Dec. 10; Donnebrook Energy Inc., Annual and Special Meeting of Shareholders, Calgary

+ Jan. 14/15; Nav Canada, Annual Meeting of Members, Ottawa

+ May 7/15; Lundin Petroleum AB, Annual General Meeting, Stockholm, Sweden

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




 SAVE THE DATE / upcoming events

+ Nov. 17 – 19; The Oil & Gas IP Summit, North America, Calgary info/registration
+ Nov. 20; The Canadian Petroleum Hall of Fame 18th Annual Induction Dinner, Radisson South, Edmonton; info/register
+ Nov. 25-26; 2nd Annual Canadian NGL Markets, Infrastructure & LPG Exports, Calgary; info/registration
+ Nov. 27; OPEC 116th Ordinary Meeting, Vienna, Austria
+ Dec. 3-4; Real Estate Forum, Metro Toronto Convention Centre; info/registration

+ Dec. 9-10; Facilities Design SAGD2014, BMO Centre, Calgary; info/register

+ Dec. 9-10; Crude By Rail Canada, Safety Summit, Calgary;  info/registration

+ May 24-27; Banff Compass 2105; Association of Fundraising Professionals, Banff

+ July 3-12, 2015; Calgary Stampede 2015 - tickets now on sale
 
[send event notices to:  kolke@facilitycalgary.com ]



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

+ Andrew Gruszecki to VP Oil Sands & Heavy Oil @ Pembina Pipeline Corporation

+ Blair Welch to Interim CEO @ FAM REIT

+ Bob German, Pres. & CEO @ Horizon North Logistics Inc., resigned

+ Brad Smith to VP Operating Services @ Pembina Pipeline Corporation

+ Brady Welch to Interim CFO @ FAM REIT

+ Brian Felesky to Special Advisor to the Board @ EnerDynamic Hybrid Technologies Corp.

+ Eric Dyck to VP Marine Terminals @ Pembina Pipeline Corporation

+ Erin Oor to VP Corp. Dev. & Administration @ AutoCanada Inc.

+ Ivan Cordic, VP Finance & CFO @ Palliser Oil & Gas Corporation, resigned

+ Jeroen Rijk to SVP Managing Dir. Europe @ Ritchie Bros. Auctioneers Incorporated

+ John Crombie to Sr. VP Retail Leasing Canada @ Triovest Realty Advisors

+ Kieran Holm to VP, Managing Dir. Asia Pacific @ Ritchie Bros. Auctioneers Incorporated

+ Randy Wall to Pres., Canada @ Ritchie Bros. Auctioneers Incorporated

+ Rick Murray to Managing Partner, Toronto and Chief Digital Strategist @ NATIONAL Public Relations

+ Rod Graham to Pres. & CEO @ Horizon North Logistics Inc.

+ Rosemarie McClean to Sr. VP & COO @ Ontario Teachers’ Pension Plan

+ Roy Klassen to Honorary French Consul in Calgary

+ Scott Burrows to VP Finance & CFO @ Pembina Pipeline Corporation

+ Steve Rose to COO @ AutoCanada Inc.

+ Terry Thib to VP and Portfolio Mgr. @ IA Clarington Investments Inc.

+ Tom Falls to Sr. VP Retail @ Triovest Realty Advisors

+ Tom Oysiuk to Pres. & CEO @ AutoCanada Inc.

+ Vern Kimball, CEO @ Calgary Stampede, announced he is retiring March/15

+ Whitney George to Sr. Portfolio Mgr. @ Sprott Inc.

 

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




BOARDROOM changes, purges, appointments etc.

+ Barry James to Director @ AutoCanada Inc.

+ Bob German, Director @ Horizon North Logistics Inc., resigned

+ Chad Griffiths to Chair @ Real Estate Council of Alberta

+ Dennis Miller to Director @ Cannacord Genuity Group Inc.

+ Gordon Nixon to Director @ BCE and Bell Canada

+ Pat Priestner to Exec. Chairman @ AutoCanada Inc.

+ Rod Graham to Director @ Horizon North Logistics Inc.

+ Thomas Bornhorst to Chair @ Calgary Convention Centre Authority




 OILSANDS NEWS

+ CERI (Canadian Energy Research Institute), projecting 25 years forward, has pegged investment in oilsands to exceed $514 billion by 2038

+ Imperial Oil Limited shut down its Kearl production due to problems with it ore-crusher unit; production to be down several weeks




 this week in REITS 


+ Inovalis REIT closed $37 million equity financing

+ Plaza Retail REIT announced it will buy out its equity partners in eight properties; New Brunswick and PEI

+ Plaza Retail REIT announced it will invest $31 million to acquire five new projects and renovate seven existing ones

+ RioCan REIT cancelled its plans to develop a Tanger Outlet Mall project at Calloway Park

+ Sears Holdings is considering creation of a REIT/sale leaseback solution to its cash shortage

+ Slate Asset Management LP took over management of FAM REIT


FACILITYCalgary
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November 11, 2014 issue




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 Phil Markovich of BFR Consulting Ltd.
 
Last  week's conversation with Bob Demulder  , Regional VP, Nature Conservancy of Canada
 
 
Archived conversations .
 



 sponsors of this week's issue:

e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



Carbon Copy Digital

 
 mailto:TSMITH@CARBONCOPYDIGITAL.COM
 
REPRODUCTION SERVICES



CONNECT WITH SERVPRO
JANITORIAL SERVICES



Pekarsky Stein, Alberta's Leading Boutique Search Firm
 
info@pekarskystein.com
 
SEARCH FIRM



CONTACT OMICRON
 
ARCHITECTS



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



CONTACT PREMIERE VAN LINES
 
OFFICE MOVERS



 
kevin.ellis@altusgroup.com
 
CONSTRUCTION
COST CONSULTING



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FINANCINGS - proposed & closed

+ AltaGas Ltd. closed $300 million sr. unsecured debt issue

+ Caspian Energy Inc. is on the market to raise US$1.5 million in equity

+ CN is on the market to raise US$600 million in debt

+ Contact Exploration Inc. closed $23,09,550 equity financing

+ Inovalis REIT closed $37 million equity financing

+ International Frontier Resources Corporation closed $182,000 equity financing

+ Jasper Mining Corporation closed $65,000 equity financing

+ MEG Energy Corp. secured US$2.5 billion sr. revolving credit facility

+ PetroMaroc Corporation plc closed $3 million tranche of its common share & warrants issue

+ Seven Generations Energy Ltd. closed $931.5 million IPO

+ Tuscany Energy Ltd. is on the market to raise $1.2 million in flow-through shares




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 TODAY'S HEADLINES


Remembrance Day today | Imperial shuts Kearl | lots of CapEx announcements | new global banking rules | Calgary taxis go anti-UBER | CERI pegs oilsands investments at $514 billion | Phil Markovich interview | upcoming events & corp. meetings | financings + executive appointments >>>>




NEWS SUMMARY 
 Nov. 4 - 11


+ ARC Resources announced its 2015 CapEx Budget is $875 million

+ ATB Financial – THE OWL … Daily Economic Comment

+ B.C. land sale brought in $209.56 million for Government of British Columbia, largely due to strong Montney focus

+ Bear Head LNG Corporation filed an LNG Export License application with NEB

+ BlackPearl Resources Inc. announced its 2015 CapEx Budget is $80 million

+ Canadian and Chinese banks have agreed to establish a currency-swap entity; valued at $30 billion; a bank in China will clear Canadian currency transactions; a bank on Toronto will clear Yuan transactions

+ Canadian Natural Resources Limited announced its 2015 CapEx Budget is $8.6 billion

+ Canyon Services Group Inc. announced its 2015 CapEx Budget is $63 million

+ Carfinco Financial Group Inc., got shareholder approval for takeover by Santander Holding Canada Inc.

+ Cathedral Energy Services increased its 2014 CapEx Budget to $30.6 million from $24 million

+ CERI (Canadian Energy Research Institute), projecting 25 years forward, has pegged investment in oilsands to exceed $514 billion by 2038

+ Concentric Energy Advisors Inc. acquired The Foster Report (Natural Gas/Oil)

+ current energy prices: live link to Bloomberg.com commodities data ; US crude fell below US$78/barrel due to a strengthening dollar, natural gas futures turned negative, then positive again notwithstanding substantial storage build

+ Ernst & Young closed its acquisition of Up Consulting

+ Home Trust Company announced it intends to become a Schedule I Chartered Bank

+ Ikkuma Resourcese Corp. closed $23.2 million acquisition of foothills petroleum & natural gas assets

+ Imperial Oil Limited shut down its Kearl production due to problems with it ore-crusher unit; production to be down several weeks

+ Keystone XL Pipeline prospects have improved; in the U.S., Republicans now control both House and Senate majorities and have indicate a push for Keystone approval will come while Pres. Obama has not changed his ‘work through the process’ stance … tic toc …

+ LNG Canada announced its CapEx Budget for its planned LNG export facility in Kitimat will be $25-40 billion on construction plus $7-17 billion per year over 25 years of planned operations; seems the consortium (Royal Dutch Shell, Korea Gas Corp. and Mitsubishi) are far from having a grip on their numbers

+ Manitoba land sale netted a paltry $470,201 for the Government of Manitoba, lowest in 7 yrs.

+ NCSG Crane & Heavy Haul Corporation’s U.S. sub. acquired assets and business of H & H Crane Services Inc.

+ new global banking rules unveiled by regulators: led by Bank of England Governor Mark Carney, banks will have to post more capital …

+ Northern Blizzard Resource Inc. reduced its 2015 CapEx Budget by $45 million to $215 million

+ Oryx Petroleum Corporation Limited announced its 2015 CapEx Budget is $350 million

+ Penn West Petroleum Ltd. announced its 2015 CapEx Budget it $840 million

+ Remembrance Day / Poppy Day celebrated in Canada, and around the Commonwealth

+ RioCan REIT cancelled its plans to develop a Tanger Outlet Mall project at Calloway Park

+ Ritchie Bros. Auctioneers Incorporated undergoing a reorganization

+ Rock Energy Inc. increased its 2014 CapEx Budget by $5 million to $115 million

+ Scotiabank is cutting 1,500 jobs; taking a $451 million restructuring charge

+ Sears Holdings is considering creation of a REIT/sale leaseback solution to its cash shortage

+ Slate Asset Management LP closed its $210 million acquisition on Huntingdon Capital Corp.

+ SNC-Lavalin axing 4,000 jobs worldwide; 9% of its workforce

+ StonePoint Energy Inc. is the new name for Blackdog Resources Ltd.

+ Tier 1 Energy Solutions Inc. acquired Avenger Oil Tools

+ The Safra Group agreed to acquire 30 St. Mary Axe, London, England [The Gherkin]; 180 meter office tower is 2nd tallest building in City of London’. Terms not disclosed but sale price said to exceed US$1.1 billion


+ Tourmaline Oil Corp. announced its 2015 CapEx Budget is $1.6 billion

+ Tourmaline Oil Corp. formed a JV with Canadian Non-Operated Resources LP; $500 investment from CNOR

+ UBER, the taxi booking app, is facing strong opposition from local cab companies as they join a national anti-uber advertising campaign ,,,

+ Veresen Inc. closed its US$1.425 billion acquisition of 50$ interest in Ruby Pipeline from Global Infrastructure Partners

+ Vermilion Energy Inc. acquired $11.1 million in Powder River basin assets; will establish U.S. office in Devner

+ Veterans Day in the U.S.; bond markets closed, stock & futures markets are open

+ Whitecap Resources Inc. announced its 2015 CapEx Budget is $360 million




 KUDOS

+ to Inglewood, named Canada’s greatest neighbourhood by the Canadian Institute of Planners for 2014

 




INTERESTING REAL ESTATE NEWS, other places


+ Imperial Equities Inc. closed its $15.2 million acquisition of a 43,400 sq. ft. industrial building in Red Deer; tenant is Essential Energy Services Ltd.

+ most expensive house: 25 acre gated compound in Beverly Hills, with vineyard, 53,000 sq. ft. of living space; on the market for US$ 195 million … if you’d like to tour, give me a call! 

+ The Safra Group agreed to acquire 30 St. Mary Axe, London, England [The Gherkin]; 180 meter office tower is 2nd tallest building in City of London


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Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 27, 2025