FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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

+ Andres Gutierrez to Chief Medical Officers @ Oncolytics Biotech Inc.

+ Darryl White to COO @ BMO Financial Group

+ Desmond Smith to CEO @ Pennine Petroleum Corporation

+ Gary Summach to CFO @ ClearStream Energy Services Inc.

+ Gaston Tano to VP Finance-Corporate @ Shawcor Ltd.

+ Jeff Saxinger to Interim CFO @ Pennine Petroleum Corporation

+ Joanna Rotenberg to Group Head, Wealth Management @ BMO Financial Group

+ John Beck to CEO @ Aecon Group. Inc.

+ John Cooper to CEO @ ClearStream Energy Services Inc.

+ Karolina Komarnicka to Chief Marketing Officer @ Fineqia

+ Madelaine McGhee to Change Management Program Lead @ ENMAX

+ Mark Kobbotson to Managing Dir. @ CoStar Canada

+ Mike De Bokx to Sr. Account Manager, Small Business @ RBC

+ Patrick Cronin to Group Head, Capital Markets @ BMO Financial Group

+ Steve Haysom, Sr. VP @ Seven Generations Energy Ltd., retired

+ Terrance McKibbon, Pres. & CEO @ Aecon Group Inc., stepped down


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Canadian Pacific launched a website to measure work, rest and time off for its employees: check out the ‘myths about time off’




BOARDROOM changes, purges, appointments etc.

+ Beverley Briscoe to Director @ National Association of Corporate Directors

+ Brian Tobin to Chairman @ Aecon Group Inc.

+ Christopher Warren, Director @ High Arctic Energy Services Inc., retired

+ Chuyu Wu to Director @ Tornado Global Hydrovacs

+ Dennis Sykora, Director @ High Arctic Energy Services Inc., retired

+ Jake Kerr to Chair @ Timberwest

+ John Cooper to Director @ ClearStream Energy Services Inc.

+ Mark O’Dea to Director @ NexGen Energy Ltd.

+ Richard Haray to Director @ DIRTT Environmental Solutions Ltd.

+ Richard Wadsworth to Chairman @ Pennine Petroleum Corporation

+ Ross McElroy to Director @ East West Petroleum Corp.


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




 QUOTES

+ Life is pleasant. Death is peaceful. It’s the transition that’s troublesome. – Isaac Asimov

+ Never wrestle with a pig. You both get dirty, but the pig likes it. - unknown




 SHAREHOLDER MEETINGS

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

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

+ Nov, 20; Eclipse Residential Mortgage Investment Corporation, Special Meeting of Shareholders, Toronto

+ Dec. 2; DirectCash Payments Inc., Special Shareholders Meeting, 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 ]



  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. 15, 2016




 TODAY'S HEADLINES


HEADLINES: ConocoPhillips asset sale | crude price up-tick | Marquee gets merger OK | Trump wins White House | office vacancy continues to climb + Colleen Braun 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 Colleen Braun of BION Consulting

Last week's conversation with Michael Kehoe of Fairfield Commercial Real Estate

A recent conversation with Melody Wisoley or InTandem HR Consulting Ltd.

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



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CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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OFFICE MOVERS



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



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CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



 SAVE THE DATE / upcoming events

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

+ Nov. 14-15; 24th Annual CCPPP Conference: Innovating Our Future; Sheraton Centre, Toronto; 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 SOLD OUT

+ Dec, 6-7: Alberta-US Trade Summit, TELUS Convention Centre, Calgary; info/tickets

+ Dec. 9: Alberta Securities Commission - open forum; Propsoals to Enhance Obligations of Advisors, Dealers and Representatives; Centennial Place Conference Centre, Calgary; register to attend

+ Dec. 15; Canadian Pensionis & Benefits Institute - Pensions in Alberta: The Road Ahead, Fairmont Palliser, Calgary; 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 your event notices to:  kolke@facilitycalgary.com ]



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NEWS SUMMARY 
 Nov. 8 ~  15 


+ Alberta Nov. 9th land sale produced $3.26 million for GOA

+ Altura Energy Inc. announced its 2017 CapEx Budget is $17.0 million

+ ARC Resources Inc. announced its 2017 CapEx Budget is $665.0 million

+ Black Diamond Group Limited announced its 2017 CapEx Budget is $20.0 million

+ Cervus Equipment Corporation struck a deal – sale/leaseback of land and buildings for 11 dealerships; $55.7 million

+ ConocoPhillips Co. announced it will sell up to US$8.0 billion in natural gas assets.

+ current energy prices – live link to current Bloomberg energy prices; crude prices up-ticked yesterday no news OPEC members are resolving differences on their production cut (fingers crossed), coming off 3-month lows that tumbled to US$43/bbl range last week … amid fears of further slippage; markets continue to falter over two categories of speculation by traders – OPEC behavior and falling shale output …tic toc

+ Keystone XL pipeline status:  might change if Republican controlled U.S. Senate has its way with President-Elect Donald Trump who indicated an interest in approving Keystone XL … tic toc

+ Marquee Energy Ltd. got shareholder and court approval for its plan of arrangement with Alberta Oilsands Inc.

+ Newfoundland and Labrador offered 16 parcels; they generated $758.0 million on eight of those

+ Oryx Petroleum Corporation Limited announced its 2017 CapEx Budget is $94.0 million

+ Saipem Canada cut staff at its $200 million Edmonton fabrication facility from 350 down to 50 due to tanking oilsands demand for its modules

+ say it ain’t so joe: Calgary’s office vacancy rate is on its way to 30% according to a report published by Cushman & Wakefield; why industry players debate the number, the ‘direction’ is clear … upward and sustained with no magic solutions in the wind; a great to ‘move to quality’ at a good price for suburban and beltline tenants, an absolutely fantastic time for new firms and companies expanding to Calgary …

+ TORC Oil & Gas Ltd. reduced its 2016 CapEx Budget to $85.0 million from $90.0 million

+ Total signed a natural gas development deal with Iran; US$4.8 billion preliminary agreement involves the South Pars gas field – Total has 50.1%, China National Petroleum Corp. 30%, Iran’s national oil company will have 19.9%

+ U.S. election: Donald Trump won an upset victory – Republicans in control of House and Senate; unexpected result has kept the media busy and pollsters re-working their resumes

+ Whitecap Resources Inc. announced its CapEx Budget for 2017 is $300.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Brookfield Asset Management Inc. is on the market to raise $300.0 million by a preferred share issue

+ CU Inc. is on the market to raise $375.0 million in debt

+ Firm Capital American Realty Partners Corp. is on the market to raise $10.0 million by a rights offering

+ Groundstar Resources Limited is on the market to raise $500,000 in flow-through equity by private placement

+ Jasper Mining Corporation closed $30,000 equity financing by private placement

+ Kontrol Energy Corp. closed $237,000 tranche of its unsecured debt and common shares financing

+ Manulife Financial Corporation is on the market to raise $475.0 million by a preferred share issue

+ Mosaic Capital Corporation closed $15.0 million sr. unsecured convertible debt financing

+ Touchstone Exploration Inc. is on the market to raise $15.0 million in debt

+ Tourmaline Oil Corp. closed $756 million in equity financings

+ TransCanada Corporation is on the market to raise $1.0 billion by a preferred share offering

+ Veresen Inc. closed $350 million sr. unsecured debt financing




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ climate agreement – Paris COP 21 – is considered shaky as President-elect Trump has indicated he will pull the U.S. out of that agreement … tic toc

+ World Meteorological Organization report published yesterday at the Global Climate Summit in Morocco indicates 2016 will likely be the hottest year on record …




 NEW TECH + TOOLS TO WATCH 

+ JOB TODAY – job search tool




 this week in REITS 


+ RioCan REIT and Boardward REIT formed a JV to develop mixed use retail and a residential rental tower at Brentwood Village Shopping Centre; RioCan will retain ownership of the centre, Boardwalk will develop 165 rental units

+ W.P. Carey REIT did a large sale/leaseback deal with ABC Group Inc.; 10 industrial facilities and one office property of ABC – sold for US$145.0 million and leased back to ABC




 INFRASTRUCTURE / P3  


+ GOA and Infrastructure Canada announced funding for flood protection for Calgary; $10.5 million for Canada, $11.5 million from Alberta – and $32.9 million from City of Calgary  - construction of a pump station in Sunnyside,

+ the New Oakville Trafalgar Memorial Hospital won the Gold Award for Infrastructure

+ RFP issued for Gordie Howe International Bridge project; will connect Windsor and Detroit




 CONSTRUCTION NEWS + INNOVATION 


+ CNRL Engineering complex at the Schulich School of Engineering at U of C opens today; 18,300 sq. m. of new spaces and 11,100 sq. m. of renovated(to be completed in 2017) existing spaces  constitute the ‘facility’ which will serve 400 students




 OIL SANDS + HEAVY OIL NEWS

+ Marquee Energy Ltd. got shareholder approval for its plan of arrangement with Alberta Oilsands Inc.

+ Saipem Canada cut staff at its $200 million Edmonton fabrication facility from 350 to 50 due to tanking oilsands demand for its modules




 KUDOS 

+ to Nancy Southern and Clay Riddell – inducted to the Canadian Business Hall of Fame by Junior Acheivement of Canada

+ to GE Canada’s CEO Elyse Allan, named Energy Person of the Year by the Energy Council of Canada




INTERESTING REAL ESTATE NEWS, other places


+ best tall building in the world’ for 2106? Not in Piza, this one leans on purpose: Shanghai Tower as chosen by the Council on Tall Buildings and Urban Habitat

+ Brookfield Asset Management struck a deal with department store chain Macy’s; first right for redevelopment of 50 department store sites …

+ Glen Abbey golf course site in Toronto transformation ‘re-purposing’ is a sad day for golfers in Oakville, ON, but a winner for ClubLink Corporation et al; planning process is underway for 124 acres to remain green space, the balance will be a mixed-use development of retail, office and housing


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