FACILITYCalgary

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

FACILITYCalgary May 6/25

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FACILITYCalgary
current week data
posted every Tuesday morning




CONVERSATIONS

FACILITYCalgary Publisher Mark Kolke visits with interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future - and shares what caught his attention.  
 
This week's conversation with Pat Evans from Sizeland Evans Interior Design
 
Last week's conversation with Bob Hawkewsorth , former Alderman, consultant at large
 
 
 
 
 

Archived recent conversations 



SHAKERS AND MOVERS

 

+ Bill Forward to VP Finance @ Plans Midstream Canada
+ Brian Corkum to Partners @ s2architecture
+ Carey Kostyk to VP, Projects @ ATCO Electric
+ Dave Klatchuk to VP, Operations @ ATCO Pipelines
+ Don Luft, Pres. & COO @ Trican Well Service Ltd. to Interim Pres. @ Trican Well Service LP (Trican U.S.)
+ Douglas Campbell to CEO @ Sears Canada Inc., replacing Calvin McDonald who resigned
+ Erik Ryan to Exec. VP Marketing, Strategy and Ext. Relations @ SCN-Lavalin
+ Gerald Wendland to Chief Geologist @ Terra Energy Corp.
+ Heather Conway to Exec. VP English Services @ CBC / Radio-Canada
+ Quyen Nguyen to VP, HVDC @ ATCO Electric
+ Richard Campbell to VP Production Operations @ Terra Energy Corp.
+ Rod Eichler to CEO Kitimat @ Apache Corp.
+ Scot Crockatt to Dir. Marketing & Communications @ Calgary Chamber of Commerce
+ Tim Stauft to CEO @ Aux Sable Canada LP eff. Jan 1 when Bill McAdam retires
 
(send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



RESIGNED, DIED or GOT THE BOOT

 

+ Bill McAdam, CEO @ Aux Sable Canada LP, retiring
+ Calvin McDonald, CEO @ Sears Canada Inc.,  resigned
+ Kelly Price, Pres. @ Trican Well Service LP(Trican U.S.), resigned



BOARDROOM CHANGES, PURGES, APPOINTMENTS etc.

 

+ Andrew Cook to Director @ 49 North Resources Inc.
+ Elizabeth Cannon, Pres. @ University of Calgary appointed Chair @ Canadian Research Knowledge Network
+ George Cooke to Chair of the Board @ Omers Administration Corporation
+ Guy Heywood to Director @ Run of River Power Inc.
+ Jean-Michel Gires to Director @ Questor Technology Inc.
+ Michael Hibberd to Director @ PetroFrontier Corp.



FINANCINGS - proposed & closed

 

+ AutoCanada Inc. secured $350 million credit facility
+ CT REIT is on the market to raise $ 263.5 million
+ Devon Midstream Partners L.P. is on the market to raise US$ 400 million by an IPO
+ Discovery 2013 Flow-Through Partnership is on the market to raised $25 million
+ Enbridge Inc. closed US$200 million preferred share issue
+ First Mountain Exploration Ltd. closed $300,950 equity financing
+ Gaz Metro closed $50 million equity financing
+ Granite REIT is on the market to raise $200 million in medium term debt
+ H2O Innovation Inc. closed $2.135 million equity financing
+ Jadela Oil Corp. is on the market to raise $200,000 by a warrants issue
+ Magnum Energy Inc. closed $819,866 equity financing
+ MEG Energy Corp. is on the market to raise $824,560,000 in sr. unsecured debt
+ Passport Energy Ltd. closed $300,950 equity financing
+ Pennant Energy Inc. is on the market to raise $500,000 in convertible debt
+ Petrichor Energy Inc. closed $3.4 million convertible debt financing
+ PHX Energy Services Corp. is on the market to raise $27 million in equity
+ Rogers Communications is on the market to raise US$1.5 billion in long term debt
+ Shoal Point Energy Ltd. closed $2,085,892 equity financing
+ Sundance Energy Corp. is on the market to raise $500,000 in convertible debt
+ Strategic Oil & Gas Ltd. closed $19,185,250 equity financing
+ TMX Group Limited closed $1.0 billion sr. unsecured debt financing



 SHAREHOLDER MEETINGS

 

+ Oct. 3; Caracal Energy Inc., Special Meeting of Shareholders, Calgary
+ Oct. 16; Aurora Oil & Gas Limited, General Meeting of Shareholders, Perth, Australia
+ Oct. 30; Petroleum Services Association of Canada (PSAC), Annual general Meeting, Calgary
+ Nov. 14; Cypress Hills Resource Corp., Annual and Special Meeting of Shareholders, Vancouver
+ Nov. 29; Novus Energy Inc., Annual and Special Shareholder Meeting, Calgary
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE / upcoming events

 

 
+ Oct. 7 – Calgary Stampede 2014 – tickets go on sale!
+ Oct. 16; 32nd Annual National Ernest C. Manning Innovation Awards Gala, TELUS Convention Centre, Calgary tickets/sponsorship
+ Oct. 17; 2nd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre, info/register
+ Oct. 17 – 19; Canada LNG Export Forum, Calgary, info/registration
+ Oct. 21, City of Calgary – council and school board elections – info/registration
+ Oct. 22- 25; 4th World Petroleum Council, World Youth Forum info/registration
+ Oct. 29; 15th Annual Calgary Real Estate Forum, TELUS Convention Centre info/register - program
+ Oct. 30; 2013 PSAC Industry Insights Forum, TELUS Convention Centre info/register
+ Oct. 30; 5th Annual SustainaBUILD Conference, Fairmont Hotel, Vancouver info/register
+ Nov. 5-6; 14th Annual Buildex Calgary, BMO Centre, Calgary info/register/sponsor – FULL PROGRAM
+ Nov. 7-8; Canadian Council for Public Private Partnerships – 21st Annual Conference, Fairmont Royal York, Toronto info - register
+ Nov. 14-16; Greenbuild Conference, San Francisco info/register
+ Dec. 3 – 5; Toronto Real Estate Forum, Metro Toronto Convention Center, info/register
+ Dec. 4; OPEC – 164th Ordinary Meeting, Vienna
+ Mar. 24 – 27, 2014; Gastech 2014 Conference & Exhibition, KINTEX, Goyang City, South Korea
+ July 4 – 13, 2014 – Calgary Stampede – save the date! 
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 SAVE THE DATE /
charity golf tournaments

+ ... all done for the season

let us know your dates/courses for 2014 tournaments

 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]

NEWS TODAY 
 October 1 / 2013 


 

+ Alberta Heritage Savings Trust Fund – future changes to the $16.8 billion fund to be announced tomorrow, Oct. 2
+ Brookfield Property Partners acquiring Brookfield Office Properties; $5 billion deal
+Canaccord Financial Inc. changed its name to Canaccord Genuity Group Inc.
+ Canadian Natural Resources Limited entered into a JV farm-in deal on its South-African offshore exploration with Total E & P South Africa BV
+ Capital Power completed its acquisition of 50% interest in Shepard Energ Centre for $325 million
+ current energy prices: live link to Bloomberg.com commodities data ; turbulence continues on mid-east concerns, U.S. economy/debt ceiling and government shut down
+ Nabors Alaska Services Corp. agreed to sell 100% of Peak Oilfield Service Company LLC to Bristol Bay Native Corporation
+ Scotia Asset Management L.P. changed its name to 1832 Asset Management L.P.
+ South East ring road section – extends Stony Trail from Peigan Tail to highway 22 - scheduled to open today; opening delayed - contractor to be hit with $70K/day penalty; the $769 million project will ease rush-hour pressure on Deerfoot Trail
+ stock markets expected to hold steady as investors are jittery about U.S. government budget stalemate shutdown . . .
+ Twin Butte Energy Ltd. closed $19.5 million disposition of non-core west-central Alberta natural gas assets
+ U.S. House of Representatives and Senate played high-stakes game of chicken over implementation of Obamacare programs and passing a budget that will pay for it – government is now ‘shut down’ for the first time in 17 years, causing concerns for investment community as a shaky economy risking further trouble over politics; despite several votes Sept. 30 to stave off a shutdown; notices to departments advising of shutdown started at midnight, EDT … while White House officials remained hopeful a Continuing Resolution would extend/prolong the budget process. Among many other things, shutdown will halt permitting process for permitting process on federal government lands for oil & gas drilling activities  
+ Vermillion Energy Inc agreed to $27.5 million acquisition of Northern Petroleum Nederland B.V.



 coming soon for FACILITYCalgary subscribers


 

+ REITrag .. monthly newsletter and website archive – everything that is happening in the REIT industry, of interest to anyone investing in or doing business with REITs
+ OILSANDS Bulletin– monthly newsletter, website archive, employment marketplace for oilsands news, technology, employment and much more



+ Mid-2013 Market Overview - Calgary Commercial Real Estate



 PAST WEEK NEWS REVIEW 
 Sept. 24-30


 

+ Alberta and BC premiers and their officials having meeting to resolve an agreement to facilitate oilsands bitumen shipments by pipeline to the west coast . . . stay tuned
+ Association of Registered Interior Designers of Ontario (ARIDO) announced winners of its annual Awards program; Project of the Year Category Winner: Burnet, Duckworth and Palmer, LLP, Interior Designer: Sharon Martens, MartensGroup (Sharon sent a note saying: the award is in my name however, Doug Niwa, is the talented designer who won the award for BDP and MartensGroup)
+ ATB Financial – Daily Economic Comment
+ BlackBerry agreed to $4.83 billion takeover by Fairfax Financial Holdings
+ Bonnett’s Energy Corp. agreed to be acquired by BEC Acquisition Ltd. (sub. of Mill City Capital LP), $117 million
+ BP Plc asked a U.S. court to halt further payments from its $7.8 billion Gulf of Mexico claims settlement
+ CQ Energy Canada Partnership - Centrica and Qatar Petroleum International completed $1 billion agreement with Suncor Energy for producing natural gas assets, undeveloped land, seismic database, infrastructure and processing plants
+ China National Offshore Oil Corp. (CNOOC) announced plans to double its LNG import capacity by 35 million/tonnes/year by 2015; currently they have 4 terminals for half that capacity, plan to build more
+ Enbridge Inc. reached agreement with Japan Canada Oil Sands Limited (JACOS) and Nexen Energy ULC to connect their Hangingstone Project to Enbridge’s regional system
+ failed Poseidon Concepts Corp. accused by Alberta Securities Commission of obstructing justice by altering documents
+ Homburg Invest Inc. got an extension of its CCAA protection to December 2, 2013
+ Husky Energy and Statoil JV announced an offshore discovery – Bay du Nord - 300-600 million barrels, 500 km. NW of St. John’s Newfoundland
+ Imperial Oil Ltd., Exxon Mobil Corp. and BP Plc JV applied for off-shore drilling permits for Beaufort Sea . . . and smilin’ Jack Gallagher has to be smiling from his grave
+ Insurance Bureau of Canada announced the southern Alberta floods of June 2013 is the largest (in terms of claims) in Canadian history; current insured claims of $1.7 billion and growing
+ Jack Mintz (School of Public Policy, U of C) report calls for reduced personal and corporate taxes in Alberta AND institution of a an HST as a benefit to Alberta
+ JPMorgan Chase legal woes continue; paid $920 million in settlements but further troubles with authorities lie ahead in connection mortgage trading frauds; further fines/settlements in the order of $3 billion to $7 billion being discussed, as is $11 billion … stay tuned …
+ Lone Pine Resources Canada et al sought court CCAA protection
+ Madison Pacific Properties Inc. acquired 12 office/industrial properties across Canada from Argo Ventures Inc., $60 million/540,000 sq. ft. of facilities, all leased to Taiga Building Products
+ Montana Exploration Corp. and Waldron Energy Corporation got security holder and court approval for their merger arrangement
+ National Oilwell Varco Inc. planning a spin-off of its distribution business, estimated to be worth $3.3 billion
+ Petrominerales Ltd. agreed to acquire Pacific Rubiales Energy Corp., $935 million
+ Rogers Communications is acquiring Pivot Data Centres for $115 million
+ Rogers Communications is acquiring Granite Networks for $6.25 million
+ Ross Smith Asset Management Inc. acquired control over Rockgate Capital Corp.
+ Santrol opened a raw sand and resin-coated proppant terminal in Rycroft
+ Southern Pacific Resource Corp. agreed to sell some non-core Leismer oilsands assets to undisclosed buyer for $18.8 million
+ TransForce Inc. acquired Total Delivery Systems
+ University of Calgary will build a new research program this year – Energy Innovations for Today And Tomorrow
+ Wells Fargo entered into Freddie Mac settlement of $869 million over faulty loans; Citigroup to pay $395 million …
+ WestJet signed a deal with Boeing for purchase of 65 new planes – 737s, for $6.3 billion
+ Wood Group companies operating in Canada merging; creating Wood Group Mustang which wraps together IMV Projects, Wood Group PSN Western Canada and Mustang Canada
+ 3MV Energy Corp. agreed to sell a land package in west central Saskatchewan and related equipment for $9.5 million



 Mark Kolke on YouTube:

Mid-2013 Market Overview - Calgary Commercial Real Estate

discusses office leasing

discusses FACILITYCalgary



INTERESTING REAL ESTATE NEWS OTHER PLACES


 

+ NorthWest International Healthcare Properties REIT acquired a portfolio of 3 private hospitals in Brazil, $205 million sale/leaseback
+ Empire State Realty Trust, owner of the Empire State Building in Manhattan, is expected to price its initial public offering this week
+ Cadillac Fairview launched a $360 million redevelopment project for Rideau Center in Ottawa; completion by 2016



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FACILITYCalgary
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 sponsors of this week's issue:

e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
INTERIORS CONSTRUCTION



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 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary Transit awarded a contract for supply for 150 clean diesel Xcelsior 40-foot buses from New Flyer Industries Ltd. (2 natural gas fired models already in service in Calgary)
+ University of Calgary has raised $123 million from donors over the past year– plans to build two new student residences
+ SNC-Lavalin putting AltaLink stake on the market to sell in whole or part; looking at other divestitures of infrastructure projects as well
+ NextEra Energy Canada ULC commenced operations at its Summerhaven Wind Energy Centre – 56 turbines, 124.4 megawatts (enough to power 32,000 homes)
+ Capital Power completed its acquisition of 50% interest in Shepard Energ Centre for $325 million
+ Infrastructure Ontario announced short listed firms to build and finance the Credit Valley Hospital Priority Ares Redevelopment Project



 QUOTES

 

“Crises and deadlocks when they occur have at least this advantage, that they force us to think.” – Jawahurlal Nehru
 
“In order for the light to shine so brightly, the darkness must be present.” – Francis Bacon



 KUDOS

 

+ to Livestock Water Recycling Inc. – won the Small Business Challenge contest, $100,000 prize – for its work converting farm animal waste into, reducing manure volume by 85%, and producing drinkable water



 SUGGESTIONS / COMMENTS:

Send an e-mail to:  feedback@facilitycalgary.com



FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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this site last updated May 6, 2025