FACILITYCalgary

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

FACILITYCalgary June21/22

CONVERSATIONS

ARCHIVED ISSUES

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CONVERSATIONS

Last week's conversation with Barry Heck, Pres. & CEO @ WINSPORT

A recent conversation with award-winning writer Marcello Di Cintio

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Beth Diamond to Sr. Advisor, Calgary @ National Public Relations

+ Bill Peters to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Brian Heath to VP & Gen. Mgr. @ Amgen Canada Inc.

+ Dan Semmens to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Dan Simard to Manager, Well Servicing @ Husky Energy

+ Doug Janzen to Safety Coordinator @ Supreme Windows Calgary Inc.

+ Duane Monea to Administrator @ Real Estate Council of Alberta

+ Cavin Green to VP Information Technology and Digital Transformation @ Rocky Mountaineer

+ Cheryl McGillvray to Chief Accountant & CFOR @ Alberta Securities Commission

+ Cheryl Probert to Advisor, Talent Acquisition @ ATCO Gas

+ Craig Blize to COO @ Earls Kitchen + Bar

+ David Argyle, Director @ EarthRenew Inc., resigned

+ Deana Djurdjevic to Chief Administrative Officer @ Ontario Securities Commission

+ Elyse Tomie to Director of Leasing @ Royop Development Corporation

+ Eric Monteith to Director @ CAWST

+ Garson Lee to Director @ Taiga Building Products Ltd.

+ Geert Verellen to CFO @ Maple Leaf Foods Inc.

+ Geordie Walker to Pres. & CEO @ Walker Industries Holdings Limited

+ Georgine Ulmer to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Glenn Shepher to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Greg Clark to Board Chair @ Balancing Pool

+ Helene Darnet to Sr. Lean and Continuous Improvement Specialist, Enterprise Technology @ Shaw Communications

+ James Pettigrew to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Jane Marshall to Trustee @ Plaza Retail REIT

+ Jason Ellis to Pres. @ First National Corporation

+ John Quaife to VP Finance @ Advantage Oil & Gas Ltd.

+ Kim Rivera to Director @ Thomson Reuters

+ Lanita Layton to VP and Chief Omni-Channel Sales & Marketing Officer @ Birks Group Inc.

+ Lorèn Lailey-Irvine to Managing Partner, Calgary @ National Public Relations

+ Lorraine Mitchelmore to Director @ Suncor Energy Inc.

+ Mark Komlenic to Pres. & CEO @ Alberta Blue Cros

+ Michael Brown, Pres. @ Calgary Municipal Land Corporation, stepping down

+ Michael Brown to Pres. @ Trico Homes

+ Mike Belenkie to Pres. @ Advantage Oil & Gas Ltd.

+ Mike Broadfoot to Director @ CAWST

+ Otto-Hans Nowak, director @ Taiga Building Products Ltd., resigned

+ Robert Poliquin to Exec. VP, Office & COO @ Cominar REIT

+ Robert Riesbeck to CEO & Director @ Pier 1 Imports

+ Roger Renaud to Director @ Alberta Investment Management Corporation

+ Stephen Burns to Director @ MindFuel (a.k.a. Science Alberta Foundation)

+ Steven Pelton to CEO @ Aegis Brands

~

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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Can a worker robot learn from mistakes?

+ program for veterans making the transition to civilian life




 TECH Corner ... 

+ OpenText Corp. agreed to acquire Carbonite Inc. for US$1.42 billion




 SAVE THE DATE / upcoming events

+ Nov. 14; 23rd Annual – National Philanthropy Day event, Bella Concert Hall; info/tickets

+ Nov. 19-21; ISSA Show North America 2019, Las Vegas, NV; info/register

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information

+ Nov. 26; PETRONAS International Energy Speaker Series – Haskayne School of Business; Marie van der Hoeven Speaking; Westin, Calgary; info/register/tickets

+ Dec. 1; 3rd Annual BIG Brunch, Big Brothers Big Sisters; Hudson, Calgary; info/tickets+ Dec. 2; Heritage Park – Christmas In Alberta Fundraiser, Gasoline Alley Museum, Heritage Park; info/tickets

+ Dec. 2; Heritage Park – Christmas In Alberta Fundraiser, Gasoline Alley Museum, Heritage Park; info/tickets

+ Dec. 3-4; Western Sponsorship Congress, Fantasyland Hotel Edmonton; info/register

2020

+ Mar. 13-14; Canada’s 8th National Fair Trade Conference, Hotel Arts, Calgary; info/registration

+ Apr. 22; Earth Day (50th Anniversary), celebrated world wide; details




 SHAREHOLDER MEETINGS

+ Nov. 15; Delphi Energy Corp., Security Holders Meeting, Calgary

+ Nov. 19; E3 Metals Corp., Annual General Meeting, Calgary

+ Dec. 2; Boyd Group Income Fund, Special Meeting of Unitholders, Winnipeg

+ Dec. 10; First Capital Realty Inc., Special Meeting of Shareholders, Toronto

+ Dec. 12; Firm Capital American Realty Partners Corp., Special Meeting of Shareholders, Toronto

+ Jan. 9; NAV Canada, Annual Meeting, Ottawa

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

~

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




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 request details/rate quotes:  kolke@facilitycalgary.com 
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 weekly newsletter

Est. July, 1999


 TODAY'S HEADLINES


HEADLINES: ATB acquisition | City expansion | GOA easing crude shipping rules | Painted Pony asset sale | TC Keystone restart | Trican sale + deals + rig counts + upcoming events, appointments + REIT NEWS + financings




 sponsors of this week's issue:

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



Visit: Levvel.ca
~
E-mail: connect@levvel.ca
~
OUR SERVICES



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

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CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail Lance Laliberte - Sales at PREMIERE OFFICE FURNITURE
 
NEW AND USED OFFICE FURNITURE



The Level - SETON, ROHIT COMMERCIAL

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

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



RETAINED EXECUTIVE SEARCH - For more information, click here.



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
DATA CENTRE

e-mail: Carol.Keen@DataHive.ca



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



South Calgary

Furnished Office Space 

For Lease

123  Forge Road SE, Calgary

~ 1,200 sq. ft.

~ furnished; 2 private offices, 8 work stations, board room, full kitchen, shared washrooms

~ market rental rate, available immediately


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 KUDOS 

+ to Murray DeGirolamo from Hopewell – acting as chair of the Calgary Real Estate Forum; even was well attended and spirits were good

+ to Ross Roy and Stantec, to Craig Senyk and Mawer, and to Barney Bentall & The Cariboo Express at the Bella Concert Hall; fundraiser for Classroom Champions, the 5th Annual Peter Burgener Memorial Concert – raised $175,000.00




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NEWS SUMMARY 
 November 5 ~ 12 


+ ARC Resources Ltd. announced its 2020CapEx Budget is $500.0 million

+ ATB Financial acquired the technology assets of Grow Technologies Inc.; terms not disclosed

+ Calgary City Council gave the green-light to 14 new communities on outer edges of the city

+ Chinook Energy Inc. initiated a formal process of strategic review to enhance shareholder value

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com;

+ GOA easing oil-shipment curtailments and exempting new drilling from curtailment rules

+ GOA established a Fair Deal Panel to advise the government on Alberta v. Ottawa issues; Premier Kenney appointed a distinguished 9-member panel

+ Painted Pony Energy Ltd. closed its $45.0 million sale of 75% interest in a portfolio of Montney assets

+ Perpetual Energy Inc. cutting workforce by 25% (21 job losses) due to low commodity prices

+ Peter Tertzakian, Exec. Dir. ARC Energy Research gave a luncheon keynote address at the Calgary Real Estate Forum – outstanding perspective of long term prospects for Canadian oil & natural gas production; check out his charts

+ Remembrance Day in Canada / Veterans Day in the United States – celebrated yesterday remembering those who have fought and died for freedom; ceremonies in Calgary at Memorial Drive installation of the Field of Crosses, Museum of the Regiments and the Cenotaph in the Beltline

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 5 to 817 this week; Canada: down 2 to 140 this week; full breakdown

+ TC Energy Corporation re-started deliveries via the Keystone Pipeline under reduced pressure following two-week shutdown due to breach that leaked 9,100 barrels/1.4 million litres of crude in Walsh Country, North Dakota

+ Trican Well Service Ltd. agreed to sell its waster management business to Green Energy Services Ltd. for $17.6 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Exchange Income Corporation secured $1.3 billion credit facility

+ Sierra Oncology Inc. is on the market to raise $103.0 million in equity

+ VersaPay Corporation secured $4.0 million credit facility

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 CONSTRUCTION NEWS + INNOVATION  


+ PBA Land Development Ltd. started construction on their $110.0 million Dorion (a duel flag Marriot hotel) project; opening spring of 2022, Concord Hospitality will operate




 CORPORATE RESPONSIBILITY REPORTS 


+ Canada Pension Plan Investment Board – 2019 Report on Sustainable Investing




 INFRASTRUCTURE / P3  


+ GOA announced $1.4 billion for education in its 2019 budget; of which, there is $397.0 million is budgeted for 25 school projects; five (5) will be for P3 procurement – Calgary, Cochrane, Legal & Edmonton




 INTERESTING TRENDS IN RETAIL 


+ EQ3 Furniture, a unit of Winnipeg’s Palliser Furniture, is opening a flagship 11,300 sq. ft. store in Manhattan

+ Gap Inc.’s planned spinoff of Old Navy now in doubt; CEO Are Peck ousted …

+ Le Tote completed its US$100.0 million acquisition of Lord & Taylor (38 stores, brands, digital channel)

+ The Second Cup Ltd. is changing its name to Aegis Brands

+ Transformco (parent of Sears and Kmart) announced closure of 96 more stores – leaving 182 locations; closings start Dec. 2




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE 


+ Amazon Canada opened its first fulfillment centre in Quebec; in Lachine, on the island of Montreal




 this week in REITS 


+ BSR REIT agreed to sell a 9-building portfolio (1,423 suites) for $119.2 million

+ Jane Marshall to Trustee @ Plaza Retail REIT

+ McGillivray Group formed a joint venture with District Property Trust

+ Morguard North American Residential REIT agreed to acquired 50% interest in a Chicago property (The Marguqee/691 suites)  for US$265.0 million

+ Robert Poliquin to Exec. VP, Office & COO @ Cominar REIT

+ Starlight Investments agreed to acquire $1.732 billion GTA portfolio (44 high-rise concrete buildings/6,271 suites) from Continuum Residential REIT




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ largest living wall in Europe will absorb eight tonnes of pollution annually




 QUOTES 

+ Grub first, then ethics. – Bertolt Brecht

+ The hardest thing to explain is the glaringly evident which everybody had decided not to see. – Ayn Rand




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