FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

SIGN UP



SHAKERS AND MOVERS 
appointments and disappointments 

+ Amanda Dowdell to Commercial Account Executive @ Leibel Insurance Group

+ Christopher Lee to VP Geology @ Pine Cliff Energy Ltd.

+ Cory Honsinger to Partner @ RGO Group

+ David Emerson to Director @ Deloitte Canada

+ Debbie Gerlach to Director @ Birchcliff Energy Ltd.

+ Denis Ricard to COO @ Industrial Alliance Insurance and Financial Services Inc.

+ Dominique Hansen to Head, Investment Mgmt. Americas & CEO Canada @ Heidrick & Struggles

+ Greg Calhoun to Director, Infrastructure, US @ Fengate Real Asset Investments

+ Greg Clark, Leader @ Alberta Party, stepped down

+ Marie-Lucie Morin to Director @ Deloitte Canada

+ Mark Little to COO @ Suncor Energy

+ Marnie Smith to Sr. Client Partner, Calgary @ Korn Ferry

+ Mary Van Buren to Pres. @ Canadian Construction Association

+ Mathieu Plamondon to COO @ FLYHT Aerospace Solutions Ltd.

+ Michael Flynn to Exec. Dir. @ Canadian Association of Petroleum Land Administration

+ Michael Kohut to Chair @ Big Rock Brewery Inc.

+ Michael Wilson to Director @ Deloitte Canada

+ Natalie Heisler to Managing Dir., Analytics Lead, Canada @ Accenture

+ Paul Ringrose to Sr. VP & COO @ Teine Energy Ltd.

+ Paul Sarachman to CEO @ AltaCorp Capital

+ Richard Thompson, Pres., CEO & Director @ Marquee Energy Ltd., resigned

+ Ron Bachmeier, Pres. & CEO @ ZCL Composites Inc., retiring

+ Scott Ratushny to Pres. & CEO @ Cardinal Energy Ltd.

+ Sen McBurney to Sector Leader, Agri-Business @ Korn Ferry

+ Shane Peet, Pres. @ Cardinal Energy Ltd., left the company

+ Sylvain Cossette to Pres. & CEO @ Cominar REIT

+ Thierry Vandal to Director @ TransCanada Corporation

+ Tim Johnson, Pres. @ RGO Flooring, retired

+ Valérie Plante to Mayor @ City of Montreal

+ Valerie Prather to Director @ Webber Academy

+ Wayne Schultz to Partner @ RGO Group

+ William Fatt, Director @ Canadian Pacific, resigned


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




  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

+ 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

+ 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


FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated November 14, 2017




 TODAY'S HEADLINES


HEADLINES: City of Calgary Olympic Bid | Cenovus sells majority of Weyburn portfolio crude holding steady | Keyera building North Wapiti pipeline | rig counts | upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

Last week's conversation with Kirstin Evenden, Exec. Dir. @ Lougheed House

A recent conversation with Ross Roy, Principal @ Stantec Architecture

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



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



 sponsors of this week's issue:

e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



e-mail Norm Landry
 
PROJECT MANAGEMENT



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



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



 SAVE THE DATE / upcoming events

+ Nov. 24; NEB Hearing, Trans Mountain Pipeline ULC; permitting through Burnaby, Calgary

+ Mar. 21-23/2018; Economic Developers of Alberta; Annual Conference, Banff Centre, Banff; call for papers


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



 SHAREHOLDER MEETINGS

+ Nov. 22; PSP Investments, Annual Public Meeting, Ottawa

+ Dec. 7; H&R REIT, Meeting of Unitholders/Consider Re-organization, Toronto

+ Dec. 7; H&R F17 Trust, Meeting of Unitholders/Consider Re-organization, Toronto


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Bonn Climate Change Conference; Bloomberg pushing for U.S. cities and states to have a seat at the UN table




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 - 2017 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  






↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



NEWS SUMMARY 
 November 7 ~ 14 


+ ARC Resources Ltd. announced its 2018CapEx Budget is $690.0 million

+ Calgary City Council inching toward a 2026 Winter Olympics Bid; will debate $2.0 million expenditure for ‘next step’ and forming a BidCo …

+ Canadian Natural Resources Limited announced its 2018 CapEx Budget is $4.3 billion

+ Cenovus Energy Inc. agreed to sell a 62% interest in its Weyburn asset portfolio to Whitecap Resources Inc. for $940.0 million

+ current energy prices – live link to current Bloomberg energy prices; crude prices holding steady for 2nd week .. fingers crossed!

+ Keyera Corp. announced plans for its North Wapiti Pipeline system; capital cost is $120.0 million, will be in service 2nd half of 2019

+ Obsidian Energy Ltd. announced its 2018CapEx Budget is $135.0 million

+ rig counts: up 11 to 203 on the week; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Algonquin Power & Utilities Corp. closed $576.0 million equity financing

+ MATRRIX Energy Technologies Inc. is on the market to raise $20.0 million in equity

+ Painted Pony Energy Ltd. secured $450.0 million credit facility

+ Perpetual Energy Inc. secured $65.0 million credit facility

+ Return Energy Inc. is on the market to raise $5.0 million in equity by private placement

+ Suncor Energy is on the market to raise US$750.0 million in debt

+ Toronto Hydro Corporation is on the market to raise $200.0 million in sr. unsecured debt

+ Whitecap Resources Inc. is on the market to raise $332.5 million in equity




 MEMORIAM

+ George Gosbee, co-founder and CEO @ AltaCorp. Capital and founding director @ AIMCo., died

+ Ven Côté founder, former Pres. & CEO ZCL Composites Inc., died

+ Vic Bryant, former U of C prof. and advisor to provincial and federal conservative politicians and an on old friend/mentor of mine, died




 QUOTES

+ Judging a person does not defined who they are. It defines who you are. – anonymous

+ I feel that the greatest reward for doing is the opportunity to do more. – Dr. Jonas Salk




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Put on the hat of a leader-coach – essay from Human Resources magazine

+ What AI means for the future of hiring




 KUDOS 

+ a big WAYTOGO to Ross Roy, Stantec and Mawer Investments – the 3rd Annual Peter Burgener Memorial Charity Concert raised $228,000 for Classroom Champions

+ to Clare Drake, former Head Coach @ University of Alberta Golden Bears, inducted to the Hockey Hall of Fame

+ to Dean Connor, Pres. & CEO @ Sun Life Financial, named Canada’s Oustanding CEO of the Year for 2017

+ to Jay Westman CEO @ Jayman Built, named winner of the Doc Seaman Indiviudal Philanthropist Award




 CONSTRUCTION NEWS + INNOVATION 

+ a new smart city in the Arizona desert? … Belmont Partners plan to test many things including driverless cars – and Bill Gates invested in it. OK, US$80K isn’t very much … but it’s an interesting idea

+ Cemex Building Awards – 2017 Best Buildings in Mexico




 this week in REITS 


+ Brookfield agreed to acquire Worldwide Plaza/1440 Broadway in Manhatttan for US$805.0 million from New York REIT Inc.

+ Dream Industrial REIT acquired 4 U.S. properties (Memphis-2, Orlando, Charlotte) for US$103.3 million

+ PRO REIT agreed to a $51.6 million acquisition of Rexall pharmacy anchored properties; 19 properties in BC, AB, SK, ON

+ Sylvain Cossette to Pres.& CEO @ Cominar REIT




 INFRASTRUCTURE / P3  


+ The Canadian Council for Public-Private Partnerships announced its winners: 20th Annual National Awards Recipients




INTERESTING REAL ESTATE NEWS, other places


+ Brookfield agreed to acquire Worldwide Plaza/1440 Broadway in Manhatttan for US$805.0 million from New York REIT Inc.

+ Brookfield Property Partners made a US$14.0 billion bid for GGP; Brookfield already owns 34% of GGP and is bidding a 21% premium … tic toc

+ Credit Suisse and Swiss RE opened a JV office property in Vancouver; $240.0 million LEED Platinum 31-storey tower is named ‘The Exchange’




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com



↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


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

this site last updated May 6, 2025