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FACILITYCalgary May 27/25

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SHAKERS AND MOVERS 
moving, retired, resigned, died or left the company

+ Asim Ghosh, Pres. & CEO @ Husky Energy Inc., retiring

+ D’Arcy DePoe to Judge, Edmonton Criminal @ Provincial Court of Alberta

+ David Negrin to CEO @ MST Development Corp.

+ Dheeraj Verma to Pres. @ Quantum Energy Partners

+ Greg Belanger to Bus. Dev. Mgr. @ PowerHouse Data Centre Group Inc.

+ Jasmine Sihra to Judge, Northern Regions @ Provincial Court of Alberta

+ Jason Clemett to Exec. VP @ Vertex Resource Group Ltd.

+ Joe Aguiar to VP Commercial @ Greenwin Inc.

+ John Burghardt to CEO @ Midnight Integrated Financial Inc.

+ Justice Myra Bielby to Chair @ Electoral Boundaries Commission

+ Kim Iwamoto to General Mgr. @ Ranchmen’s Club

+ Michelle Doyle to Judge, Edmonton Criminal @ Provincial Court of Alberta

+ Nick Samurkas to COO @ Moneris Solutions

+ Peter Mackenzie to Exec. VP & Chief Investment Officer @ Plaza Retail REIT

+ Phyllis Crawford to Principal, Finance & Operations @ KPMB Architects

+ Rob Peabody to Pres. & CEO @ Husky Energy Inc.

+ Sandy Struthers to Exec. VP & CFOR @ NAV Canada


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




 KUDOS 

+ to Sunshine Village – winners of this year’s Alto (Alberta Tourism) Award for Service Excellence

+ to Nanton artist Shannon Lawlor – her painting chosen for the 2017 Calgary Stampede poster

+ to Jim Davidson, Co-founder of FirstEnergy Capital, Deputy Chairman @ GMPFirst Energy – inducted into the Investment Industry Hall of Fame

+ to the Wood Buffalo wildfire heroes – honoured by the GOA for their actions




 QUOTES

+ Some people say, ‘leave the oil in the ground,’ they don’t want development. Our view is we use the wealth of the old economy to finance the new energy economy. – Jim Carr, Natural Resources Minister

+ When someone shows you who they are, believe them the first time. – Maya Angelou




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ compensation doldrums to continue according to Conference Board of Canada in their Compensation Planning Outlook 2017

+ employee engagement – fostering energy, enthusiasm and creating; how do you do that? Rob Markey’s 3 minute video isn’t new, but it’s worth a listen




 INSURANCE + RISK MANAGEMENT 

+ only 29% of North American businesses have cyber insurance, 17% because they have contractual obligations to do so; interesting article




BOARDROOM changes, purges, appointments etc.

+ Brian Klingspoon to Chair-elect @ Real Estate Council of Alberta

+ Christine Zwozdesky to Chair of Council @ Real Estate Council of Alberta

+ Ronald Rogers, Director @ TransForce Inc., retired

+ Tom Liston to Director @ Mogo Finance Technology Inc.


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




 SHAREHOLDER MEETINGS

+ Nov. 15; Alberta Oilsands Inc., Annual Meeting of Shareholders, Calgary

+ Nov. 30; Tervita Corporation, Security Holders and Shareholders Meetings, Calgary

+ Dec. 7; Jasper Mining Corporation, Annual General Meeting, Calgary

+ Dec. 15; Resverlogix Corp., Annual and Special Meeting, Calgary

+ Jan. 11; Nav Canada; Annual Meeting, Ottawa


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



 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ CDP published its ‘A’ list of companies; kudos to Vermilion Energy Inc., the only Canadian energy company to make the global A list; Great West Life Co. and CN also made the list in their categories




  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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ 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

+ 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 …

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – YYC Calgary International Airport


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Nov. 1, 2016




 TODAY'S HEADLINES


HEADLINES: ASC rule change | Canada-Europe trade deal | crude stumbling | GE buying Baker-Hughes for US$30 billion | Prentice memorial | Suncor sells lubricant unit for $1.3 billion | YYC 2.0 million sq. ft. terminal expansion opened + Melody Wisoley interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




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 Melody Wisoley or InTandem HR Consulting Ltd.

Last week's conversation with Corrine Jackman, Vice President @ Hopewell Real Estate Services

A recent conversation with Mark Bernard, Pres. @ Bernard Training Solutions

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



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 SAVE THE DATE / upcoming events


+ Nov. 1-2; PetroChem Canada 2016, Shaw Conference Centre, Edmonton; info/register

+ Nov. 1-3; 32nd Annual Canadian Wind Energy Conference & Exhibition, BMO Centre, Stampede Park, Calgary; info/register

+ Nov. 3; 2nd Annual Peter Burgener Memorial Charity Concert; Studio Bell, Calgary; info/tickets

+ Nov. 9; Canadian Pensions & Benefits Institute - Calculating the ROI of Disability Management Programs; Fairmont Palliser, Calgary; info/register

+ Nov. 9-10; BUILDEX Calgary, BMO Centre, Stampede Park, Calgary; info/register/sponsor

+ Nov. 14-15; Platts 20th Annual Mexican Energy Conference, Mexico City; info/register

+ Nov. 26; Creating the new Alberta - Perry Kinkaide's BIG IDEA Convention, Red Deer College, Red Deer; info/registration

+ Nov. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

+ Feb. 7 - 9; ConvergX 2017 - Global Defence & Energy Conference; Calgary; info/register

+ Mar. 22-24/2017; Economic Developers Alberta Annual Conference 'Embracing Change; Creating Opportunity', Banff Centre, Banff; info/registration

+ Apr. 4-7/2017; Japan Gastech Conference & Exhibition, Tokyo; info/register/save the date

+ June 13 - 15/2017; Global Petroleum Show, Stampede Park, Calgary; info/save the date

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal


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



INTERESTING REAL ESTATE NEWS, other places


+ Bentall Kennedy, on behalf of an undisclosed client, acquired 965,255 sq. ft. industrial asset in Anaheim, CA for US$188.2 million

+ CPPIB has invested US$375.0 million to gain a 25% stake in Raffles City China Investment Parters II, to invest in developments in gateway cities in China

+ HNA Group agreed to acquire 25% of Hilton Worldwide Holdings Inc. from Blackstone for US$6.5 billion

+ in Edmonton, a new hotel: Hyatt Place Edmonton opened; 11-stories, 255 rooms & suites

+ in Edmonton, the Northern Bear Golf Course is mired in litigation – MNP Ltd. appointed as interim-receiver

+ Jacobs Engineering Group relocated a portion of its operations from Pasadena to 100,000 sq. ft. in the Dallas-Fort Worth Metroplex; 300 employees are relocating and 100 more will be hired to bring them up to 700 in the area




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NEWS SUMMARY 
 Oct. 25 ~  Nov. 1 


+ ASC adopted two crowdfunding regulations … the devil is always in the details: get ‘em here and here

+ Calgary Real Estate Forum last Tuesday – sold-out event was the great elbow-rubbing networking love-in as usual, but consensus was ‘cautious optimism’ and ‘we’ve not hit bottom yet …’

+ Canada and the European Union signed a trade treaty, the ‘Canadian-European Union Comprehensives Economic and Trade Agreement – with much press and politicking going on in support of it but full implementation details and impact on industries is still sketchy; treaty needs to be ratified by multiple parliaments, so stay tuned …

+ Canadian Spirit Resources Inc. engaged advisors, is conducting a review of strategic alternatives

+ current energy prices – live link to current Bloomberg energy prices; WTI crude slumped below US$47/bbl yesterday following a week of shaky prices notwithstanding a substantial U.S. inventory draw-down…as OPEC officials meetings in Vienna failed to yield positive messages on curtailing production; there was a tiny up-tick at the end of the day on reports OPEC had agreed on a long-term strategy, whatever that means … tic toc …

+ General Electric Co. agreed to a US$30 billion merger/takeover of Baker Hughes

+ GOA netted $9.145 million in land sales on October 26, up from $6.6 million on October 12; year to date sales are $134.9 million

+ Grand Power Logistics Group Inc. amalgamating with 2001123 Alberta Ltd; will take company private

+ Husky Energy’s spill in July – 225,000 litres of heavy oil and diluent into the North Saskatchewan river have cost the company $90 million so far

+ Manitok Energy Inc. closed its $13.5 million acquisition of central Alberta light oil & natural gas assets

+ memorial for the late Jim Prentice, former Premier of Alberta (1:37 video) at the Jubilee Auditorium was attended by more than 1,500 friends, colleagues, family members and political foes – many kind words and moving tributes for tragic loss of a great Canadian, a great Albertan and a universally regarded great guy

+ National Bank of Canada took a $175.0 million restructuring charge, a write-down of non-tangible assets; cut 600 jobs across the country while saying it is hiring 500 …

+ NEB released its report, revising predictions downward: Canada’s Energy Future 2016:Update

+ NEB approved the $1.3 billion 2017 Nova Gas Transmission Ltd. system expansion project; project involved 230 km. of pipeline in five sections, two compression facilities

+ Parkland Fuel Corporation agreed to acquire assets of PNE Corporation and three service stations in Wyoming for $17.0 million

+ PwC published their study: Emerging Trends in Canadian Real Estate 2017

+ Questerre Energy Corporation announced its 2017CapEx Budget of $12 million

+ RMP Energy Inc. agreed to sell its Ante Creek assets for $114.3 million

+ Suncor Energy Inc. agreed to sell Petro-Canada Lubricants Inc. to HollyFrontier Corporation for $1.125 billion

+ Total Energy Services Inc. announced an increase in its 2016 CapEx Budget to $25.5 million from $17.2 million

+ TransForce Inc. acquired the North American truckload operations of XPO Logistics Inc.

+ U.S. election watch: neck and neck … Clinton support softening and Trump support up in wake of FBI announcements about further investigation into a Clinton aid’s estranged husband’s computer; election is a week today: my fellow Americans

+ Vertex Resource Group Inc. acquired Red Giant Energy Services Ltd.

+ YYC International Airport’s NEW 2,000,000 sq. ft. /$2.0 billion terminal opened …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Africa Energy Corp. is on the market to raise $15.0 million in equity

+ Alterra Power Corp closed $68 million in equity financings

+ Blackbird Energy Inc. closed $8.0 million equity financing

+ BNK Petroleum Inc. closed $14.0 million equity financing

+ Boralex Inc. closed $145 million debt financing

+ Canaccord Genuity Group Inc. closed $60.0 million unsecured sr. sub. debt issue

+ Cequence Energy Ltd. closed $10.0 million flow-through shares financing

+ Encanto Potash Corp. closed $1,750,000 private placement raise

+ Jasper Mining Corporation is on the market to raise $30,000 in equity by private placement

+ Kontrol Energy Corp. closed $200,000 first tranche of its unsecured non-convertible debt financing

+ Manitok Energy Inc. closed $21.2 million sr. unsecured debt & warrants financing

+ Milestone Apartments REIT closed $192.6 million equity financing

+ Northview Apartment REIT closed $74.8 million equity raise

+ NuVista Energy Ltd. closed $103.5 million equity financing

+ Petrolio Inc. closed $1,154,740 equity financing

+ Point Loma Resources Ltd. closed $1.7 million equity financing

+ Precision Drilling Corporation is on the market to raise US$350.0 million in sr. unsecured debt

+ Questerre Energy Corporation closed $7.4 million equity financing

+ Ritchie Bros. secured US$1.0 billion in credit facilities




 NEW TECH + TOOLS TO WATCH 

+ Apple came out with its new MacBook Pro ‘with magic Toolbar display’ to the charging of its fans who feel it is too little, and took too long and it doesn’t reflect ‘future vision’; methinks they really miss Steve Jobs

+ Bubbl.us – brainstorming made simple, Mind Map anywhere …

+ forget the snooze button, get briefed on your day and what’s happening – GET IT from WakeBot

+ Google launched Jamboard, their take on whiteboard-meets-video-conference

+ Living with Complexity – by Donald Norman from the MIT Press




 this week in REITS 


+ American Hotel Income Properties REIT LP closed US$47.0 million acquisition of four Marriot flagged hotels in Florida and Tennessee

+ American Hotel Income Properties REIT LP agreed to acquire six flagged select-service hotels in Florid for US$61.0 million

+ Choice Properties REIT closed its $40.9 million acquisition of five properties from Loblaw Companies Limited

+ Milestone Apartments REIT closed $192.6 million equity financing

+ Northview Apartment REIT closed $74.8 million equity raise

+ Peter Mackenzie to Exec. VP & Chief Investment Officer @ Plaza Retail REIT

+ Slate Retail REIT agreed to acquired North Hixson Marketplace in Chattanooga, TN for US$5.25 million and Armstrong Plaza in Greenville, NC, also for US$5.25 million




 INFRASTRUCTURE / P3  


+ Brookfield Business Partners and clients of Brookfield Asset Management agreed to acquire 70% of Odebrecht Ambiental, a Brazilian water utility business for US$768.0 million

+ Calgary Cancer center project RFP short-list was announced: PCL Construction Management Inc. and EllisDon Construction Services Inc. will now duke it out; successful proponent will be chosen Spring 2017, project to be open in 2024

+ Capital Power pushed back the go-ahead on two phases: $1.4 billion Genesee 4 and 5 (1/2 owned by Enmax Corp.)  gas-fired power plants – projects being contingent upon phase-out of its coal-fired facilities …tic toc …

+ Hydro One Inc. closed its acquisition of Great Lakes Power Transmission LP




 CONSTRUCTION NEWS + INNOVATION 


+ Flanders Avenue interchange on Crowchild Trail opened; $35.0 million cost was front-ended by Canada Lands Corp., City of Calgary must not reimburse $20.0 million for its negotiated share




 OIL SANDS + HEAVY OIL NEWS

+ oilsands miners are tabling plans with AER for tailing pond cleanup strategies in response to AER’s directive; rules are tighter, as they should be …




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this site last updated May 27, 2025