FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Brandon Anderson to Pres. @ TCP Pipelines GP Inc.

+ Bryan Arthur to Managing Partner @ BluEra

+ Cameron Dow to Pres @ SAS Canada

+ Cheryne Lowe to Interim CFO @ Pine Cliff Energy Ltd.

+ Colleen Johnston to Group Head – Technology, Marketing and Real Estate @ TD Bank Group

+ David Weinstein to Pres. & CEO @ CSA Group

+ Daniel Kuntz to General Counsel @ MDU Resources Group Inc.

+ Kristofer Gustafsson to VP Production and Operations @ Bankers Petroleum Ltd.

+ Lorraine Mitchelmore, Pres. Shell Canada and Country Chair @ Royal Dutch Shell, stepping down

+ Michael Crothers to Pres. Shell Canada and Country Chair @ Royal Dutch Shell

+ Paul Sandness, General Counsel @ MDU Resources Group Inc., retiring

+ Riaz Ahmed to Group Head & CFO @ TD Bank Group

+ Rich Allen, COO @ Stantec, retiring

+ Robin Campbell to Pres. @ Coal Association of Canada

+ Russ Wlad to Regional Operating Unit Leader (Canada) @ Stantec

+ Scott Murray to Regional Operating Unit Leader (U.S). @ Stantec

+ Steve Becker, Pres. @ TCP Pipelines GP Inc., retiring

+ Tim Hockey to Pres., TD Ameritrade Holdings Corporation @ TD Bank Group

+ Tino DiManno to Chief Business Officer @ Stantec

+ Tor Lønnum to CFO @ Aimia Inc.


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




BOARDROOM changes, purges, appointments etc.

+ Brandon Anderson to Director @ TCP Pipelines GP Inc.

+ Chief Darcy Bear to Director @ Peace Hills Trust Company

+ Henry Kerkhoven to Director @ Karnalyte Resources

+ John Cowan to Director @ Canadian Overseas Petroleum Limited

+ Ken Mullen to Director @ Raimount Energy Inc.

+ Martin Feng, Director @ Sahara Energy Ltd., resigned

+ Rob Rollingson Director @ Peace Hills Trust Company




 SAVE THE DATE / upcoming events

+ Nov. 23-24; Born2Lead – Women in Leadership and Business Conference, Hyatt Regency, Calgary info/register

+ Nov. 22-25; Bioindustrial Innovations: unlocking value and tackling climate change, Shaw Conference Centre, Edmonton info/register

+ Nov. 25-26; Business Transitions Forum, Vancouver; info/register

+ Nov. 30; Creativity & Convergence Conference, U of C Downtown Campus; info/register

+ Nov. 30 – Dec 11; Sustainable Innovation Forum 2015; Paris, France

+ Dec. 1; Global Property Market, Metro Toronto Convention Centre; info/register

+ Dec. 2-3; Real Estate Forum, Metro Toronto Convention Centre; info/register

+ Dec. 4; OPEC’s 168th Ordinary Meeting, Vienna, Austria info

+ Jan. 13-15/16; EPC Contract and Risk Management Conference, Houston; info/register

+ Jan. 23; PSAC STARS & SPURS Gala, BMO Centre, Stampede Park, Calgary

+ Feb. 26; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Mar. 3-4; Platts 5th Annual North American Crude Summit, Hyatt Regency Galleria, Houston 

info/register

+ Mar. 15-16; Canadian School of Hydrocarbon Measurement, Telus Convention Centre, Calgary info ; registration

+ Mar. 30 - Apr. 1; Congress 2016; National Privacy & Data Governance Congress, Carriage House, Calgary; info


+ Apr. 6-8; Economic Developers Alberta, 2016 Annual Professional Conference & AGM, Delta Kananaskis Lodge, Kananaskis; info/register

+ Oct. 4-5; CanWeld 2016, Edmonton Northlands, Edmonton


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

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



  GLOSSARY 

+ AER - Alberta Energy Regulator

+BBL – barrel

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ Brent – North Sea crude benchmark price

+ CAPP - Canadian Association of Petroleum Producers

+ CBD – Central Business District

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CREB - Calgary Real Estate Board

+ FERC – U.S. Federal Energy Regulation Commission

+ GJ - gigajoule

+ GOA - Government of Alberta

+ GTA – greater Toronto area

+ IPO – Initial Public Offering

+ JV – Joint Venture

+ KW – kilowatt (one thousand watts)

+ LEED – Leadership in Energy and Environmental Design

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ MOU – Memorandum of Understanding

+ MW – megawatt (1 million watts)

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ P3 – Public Private Partnership

+ PADD – U.S. Petroleum Administration for Defense Districts

+ PSAC – Petroleum Services Association of Canada

+ RECA – Real Estate Council of Alberta

+ REIT – Real Estate Investment Trust

+ RFP – request for proposals

+ RFQ – request for qualifications

+ SAGD – steam assisted gravity drainage

+ UDI – Urban Development Institute

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ WTI – West Texas Intermediate crude benchmark price




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated November 17, 2015




 TODAY'S HEADLINES


Agellan retreat | Candax going private | Enbridge cuts staff 5% | Encana closes big sale | GDI buying Ainsworth| Marriott buying Starwood Hotels | Rogers Insurance expansion | Suncor hiring 1,700 for Fort Hills mine +  George Brookman interview | upcoming events & corp. meetings + climate change, infrastructure, oil sands + REIT news +  this week’s financings + executive and board appointments >>>>




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 George Brookman, CEO @ West Canadian Digital Imaging

Last week's conversation with Glenn Solomon, Partner @ JSS Barristers

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



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 QUOTES

+ It’s paradoxical, that the idea of living a long life appeals to everyone, but the idea of getting old doesn’t appeal to anyone. – Andy Rooney

+ There is no terror in the bang, only in the anticipation of it. – Alfred Hitchcock




 INFRASTRUCTURE / P3  


+ Boralex Inc. commissioned its Témiscouata II wind power project, Bas-Saint-Laurent , QB; adding 51.7MW installed capacity

+ Government of Alberta announce 12 grants (total $2,879,933) through its Watershed Resiliency and Restoration Program in southern Alberta

+ St. Thomas Elgin General Hospital redevelopment project awarded to Ellis Don Infrastructure STEGH Inc.; project budget is $63.6 million 




 OIL SANDS NEWS 

+ Suncor Energy is hiring for its Fort Hills mine; 1,700 jobs involved




 SHAREHOLDER MEETINGS

+ Nov. 26; Synodon Inc., Annual General and Special Meeting of Shareholders, Edmonton

+ Dec. 8; Killam Properties Inc.; Special Meeting of Shareholders, Halifax

+ Dec. 9; Falcon Oil & Gas Ltd., Annual General and Special Shareholders Meeting, Dublin, Ireland

+ Jan 13; Groundstar Resources Limited, Calgary

+ Jan 13; Nav Canada, Annual Meeting of Members, Ottawa

+ Jan. 27; Petrodorado Energy Ltd., Annual General and Special Meeting of Shareholders, Calgary


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



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NEWS SUMMARY 
 November 10 - 17 


+ Agellan Commercial REIT announced its intention to sell its Ontario assets and focus on being an all-U.S. trust over the next year

+ Apache Corp. rejected the unsolicited takeover offer from Anadarko Petroleum Corp.; Anadarko withdrew

+ ATB Owl Report – daily economist’s outlook

+ Atlantic Canada awarded offshore leases: $1.2 billion worth in all … Statoil was a big player

+ Candax Energy Inc. shareholders approved a going-private transaction

+ current energy prices – live link to Bloomberg energy prices ; crude glut continues, Brent and WTI both soft

+ Enbridge Inc. cut its workforce 5%; 500 full-time jobs gone and long 100 jobs left unfilled; 250 of those in Alberta

+ Enbridge Inc. restarting it’s Line 9 project next month – project will reverse previous direction, will deliver western Canadian and U.S. Bakken crude to Quebec refiners

+ Encana Corporation closed its US$850 million sale of its Haynesville natural gas assets to GEP Haynesville LLC

+ Finning Internationals is closing 27 locations; reducing 1,100 jobs worldwide – 440 of those in Western Canada

+ Forent Energy Ltd. agreed to acquire a portfolio of Twinning area crude oil assets for $4 million

+ GDI Integrated Facility Services Inc. closed its acquisition of Ainsworth Inc.

+ Gear Energy Ltd. announced its 2016 CapEx Budget is $31 million

+ Gran Tierra Energy Inc. agreed to acquired PetroAmerica Oil Corp.

+ Marriott International agreed to acquire Starwood Hotels and Resorts Worldwide for US$12.d billion; deal would make Marriott the world’s largest hotelier with 1.1 million rooms

+ Oryx Petroleum Corporation Limited announced its 2016 CapEx Budget is $31.8 million

+ Painted Pony Petroleum Ltd. announced its 2016 CapEx Budget is $215 million

+ Rogers Insurance Ltd. entered the Ontario market; acquired a controlling interest in CCV Insurance & Financial Services Inc.

+ TransCanada Corporation awarded US$500 million contract to construct Tuxpan Tula natural gas pipeline in Mexico

+ TransCanada Corporation sub. NOVA Gas Transmission secured new contracts which will require expansion of its system; $570 million capital cost of expansion to be completed by 2018

+ TransGlobe Energy Corporation announced its 2016 CapEx Budget is $41 million

+ Tsawwassen First Nation announced their intention to develop and LNG export terminal at Roberts Bank, BC … tic toc …

+ Veresen Inc. announced it will build a wholly-owned ethane storage facility near Burstall, SK; capital cost expected to be $140 million

+ Whitecap Resources Inc. announced its 2016 CapEx Budget is $205 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. is on the market to raise $200 million in a preferred share issue

+ Avigilon Corporation secured US$240 million credit facility

+ BTB REIT is on the market to raise $25 million in convertible debt

+ CGX Energy Inc. is on the market to raise US$1.5 million in convertible debt

+ Gear Energy Ltd. is on the market to raised $25.8 million in equity

+ Hydro One Limited closed $167 million overallotment of its recent IPO

+ IBI Group Inc. is on the market to raise $6,723,000 in a rights offering

+ LGX Oil + Gas Inc. secured $30 million credit facility

+ Pembina Pipeline Corporation is on the market to raise $400 million in equity

+ PetroMaroc Corporation plc closed $1.0 million debt financing

+ Strata-X Energy Ltd. closed A$ 563,000 equity financing

+ Sunshine Oilsands Ltd. closed $8.585 million equity financing

+ Teekay Corporation is on the market to raise US$200 million in sr. unsecured debt

+ Tilting Capital Corp. closed $399,000 trance of its debt financing




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ the American National Coal Council issued a report: Leveling the playing field, addressing Carbon Capture for the coal industry




INTERESTING REAL ESTATE NEWS, other places


+ Berezan Group and Sts’ails Band JV got BC government approval for $1.5 billion expansion of Hemlock Ski Resort near Agassiz, BC

+ Blackstone Group LP agreed to buy US$3 billion in real estate fund investments from California Public Employees Retirement System (CALPERS)

+ Manulife’s sub. John Hancock acquired 5000 Birch in Newport Beach, California; 306,000 sq. ft. Class A/2 building projects for US$104.5 million

+ Marriott International agreed to acquire Starwood Hotels and Resorts Worldwide for US$12.d billion; deal would make Marriott the world’s largest hotelier with 1.1 million rooms

+ Sears Canada agreed to a sale/lease back transaction for its distribution centre north of Toronto; $100 million sale will close in 2016




 this week in REITS 


+ Agellan Commercial REIT announced its intention to sell its Ontario assets and focus on being an all-U.S. trust over the next year

+ BTB REIT is on the market to raise $25 million in convertible debt




 KUDOS 

+ to Pembina Pipeline Corporation – raised $2.6 million for United Ways, $2,326,396 for United Way of Calgary and Area




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this site last updated May 6, 2025