FACILITYCalgary FREE

+ Heather Zordel, Chair @ Ontario Securities Commission, resigned

+ Lisa Suennen to Pres., Digital and Data Solutions @ Canary Medical

+ Perry Bellegarde to Special Advisor @ Fasken

+ Rob Wesseling to Chair @ International Cooperative and Mutual Insurance Federation

+ Rod Maxwell to Executive Chair @ Cathedral Energy Services Inc.

+  Sonja Rossteuscher to CFO @ Rock Tech Lithium Inc.

+ Stephen Giblin to Interim Pres & CEO @ Big Rock Brewery Inc.

+ Wayne Arsenault, Pres. & CEO @ Big Rock Brewery Inc., exited the company

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]

+ Ian MacLeod; real estate executive, former/always Edmonton Eskimo, 77

+ John Currie; community leader, philanthropist, 92

+ Mark Tims KC; lawyer, founder of Properzi Tims, 69

+ Meyer Horowitz; retired President @ University of Alberta, 89

+ one in five Canadians don’t trust their managers

+ reasons for quiet quitting

+ when is a joke not a joke?

+ BMO Financial Group released its report on buying carbon credits project with Carbon Cure

+ BMO Financial Group released its report on buying carbon credits project with Carbon Cure

+ CAGC – Canada Green Building Council published Full Disclosure

+ Killam Apartment REIT published its 2021 ESG Report

+ OPTrust published its enhanced climate change strategy

+ RBC released two documents: Net-Zero Report and Sustainable Finance Framework

+ Waste Connections Inc. published its 2022 Sustainability Report

+ Busy is a decision. We do the things we want to do, period. If we say we are too busy, it’s just shorthand for the thing being ‘not important enough’ or ‘not a priority.’  Busy is not a badge. You don’t find the time to make things, you make the time to do things. – Debbie Millman

+ to Pat Daniel, for his donation of $5.0 million to the University of Calgary to fund a chair in psychological oncology

+ Slate Office REIT has launched a strategic review, spurred by activist investors over an alleged dilutive financing and external management … tic toc

+ Harrison Street’s Canada Alternative Real Estate Fund acquired the 93,9801 sq. ft. Seton Professional Centre; terms not disclosed 

FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2022 MaxComm Communications. All rights reserved. 

 weekly newsletter

Est. July, 1999

+ Bank of Canada raised interest rates last Wednesday by 50 basis points; banks adjusted their lending rates in response: BMO Bank of Montreal, CIBC, Desjardins Group, Equitable Bank, National Bank, RBC Royal Bank, TD Canada Trust,

+ Cathedral Energy Services Ltd. agreed to acquire the Canadian direction drilling unit of Ensign Energy Services Inc. for $5.0 million

+ Crescent Point Energy Corp. announced its 2023CapEx Budget is $1.0 billion

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$87/bbl, Brent @ US$94/bbl;

+ Enerplus Corporation closed $140.0 million portfolio sale of Alberta assets to Journey Energy Inc.

+ HOUSING TRUTH – residential newsletter, Calgary and area: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  - stay tuned for my 3^rd qtr. report and 4^th qtr. outlook – coming soon; go to archived issues … or see our Q2 report – sign up

+ IFMA’s November networking event/building tour, focus on our November theme - Performance & Quality;  sign up to attend; we’ll be touring and hearing presentations at FALKBUILT factory on November 24th

+ PROPERTYlines - commercial real estate quarterly newsletter; my 3^rd qtr. report and 4^th qtr. outlook coming soon; sign up

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 3 to 768 this week; Canada: up 2 to 212 this week; full breakdown and international rig counts

+ Shaw-Rogers merger is on-again/still, or off, depending on what you read; Minister Champagne’s government speak statement, Rogers and Shaw say all ahead full, Quebecor say they’ll close on the acquisition of Freedom Mobile, and mediations with the Competition Bureau failed to produce approval yet ..

+ Suncor Energy Ltd. agreed to acquire the 21.3% interest in Fort Hills by Teck Resources Ltd. for $1.0 billion – leaving Suncor holding 75.4%; based on that value, Suncor will take $2.6 billion write down on its holding

+ Baselode Energy Corp. is on the market to raise $10.0 million in equity by private placement

+ INEO Tech Corp. is on the market to raise $2.0 million in equity

+ Liberty Defense Holdings Ltd. is on the market to raise $5.1 million in equity

+ NG Energy International Corp. is on the market to raise $30.0 million in convertible debt

+ NXT Energy Solutions Inc. is on the market to raise $4.0 million in equity by a rights offering

+ TAG Oil Ltd. is on the market to raise $22.0 million in equity

+ UGE International Ltd. is on the market to raise US$5.0 million in debt by private placement

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

+ Nov. 3, Vancouver Real Estate Strategy & Leasing Conference, Vancouver Convention Centre; info/register

+ Nov. 4; 8^th Annual Peter Burgener Memorial Benefit Concert, Bella Concert Hall, Mount Royal University, Calgary; info/tickets

+ Nov. 6-18; COP27 Climate Conference, Sharm el-Sheikh, Egypt; info/schedule/register

+ Nov. 24; IFMA’s November networking event/building tour, focus on our November theme - Performance & Quality;  sign up to attend; we’ll be touring and hearing presentations at FALKBUILT factory

+ Nov. 24; Top 10 Launch Party celebration sponsored by Platform, TELUS Convention Centre, Calgary; tickets

+ Nov. 29; Day 1 - Global Property Market & Chairman’s Reception Metro Toronto Convention Centre, Toronto; info/register

+ Nov. 30 – Dec. 1; Day 2 & Day 3; Real Estate Forum, Metro Toronto Convention Centre, Toronto; info/register

~~~

2023

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details

+ Apr. 23; Earth Day 2023 – theme is Invest in Our Planet -

+ Sept. 17-21; 24^th World Petroleum Congress – Energy Transition – the path to Net Zero, info/sponsorship/registration

~~~

2024

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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

+ Nov. 29; First Nations Financial Management Board, Annual Meeting, West Vancouver, BC

+ Dec. 30; NextPoint Financial Inc., Annual Meeting of Shareholders, Hurst, TX

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

+ City of Calgary auditor’s report deals with the condition of city-owned buildings, citing 15% of the portfolio are in poor or critical condition  

+ Alpenglow Rail and CC& L Infrastructure acquired the Midland Railway Terminal Ltd. (Lamont County); 300 acres, 1,400 railcar storage spots and unit train facilities – connect to CN and CPR lines; terms not disclosed

+ ATCO Frontec JV NASITTUQ Corporation et al awarded $122.0 million services contractor for Canadian Forces Station, Alert, Nunavut

FACILITYCalgary FREE