FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrew Parks to CEO & Director @ Fountain Asset Corp.

+ Bryan Benjamin to VP Organizational Performance @ Conference Board of Canada

+ Chris Whyte to Exec. VP & COO @ Home Capital Group Inc.

+ David Taylor to Director @ East West Petroleum Corp.

+ Debbie Topp to Calgary Ops. Mgr. @ Totran Transportation Services

+ Dianne Charmichael to Pres. Payor Markets & Head of Corporate Strategy & Bus. Dev. @ McKesson Canada

+ Edward Karthaus to Exec. VP Residential Lending @ Home Capital Group Inc.

+ George Rossolatos to CEO @ Canadian Business Growth Fund

+ Greg Calhoun to Director Infrastructure US @ Fengate Capital Management

+ Jayme Frieder to Sr. VP Bus. Dev. @ MDC Partners Inc.

+ John Rhind to CEO @ Energy Safety Canada

+ Michael Baldwin to Sr. VP Corp. Dev. @ Trican Well Service Ltd.

+ Paul Carreiro to Chief Revenue Officer @ Kinaxis Inc.

+ Peta Glezerson to Donor Engagement Advisor @ Rowan House Emergency Shelter

+ Peter Williams, Director @ Painted Pony Energy Ltd.

+ Pino Decina to Exec. VP Residential Lending @ Home Capital Group Inc.

+ Steve Cohen to Sr. VP & Chief Underwriting Officer @ Royal & SunAlliance Canada

+ Sylvain Cossette to Pres. & CEO @ Cominar REIT


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ RBC and Shaw are winners of employment equity awards




  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




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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated October 10, 2017




 TODAY'S HEADLINES


HEADLINES: ARC report | election fun / water issue / LRT issues | Progess selling assets | Energy East pipeline is dead for now | Wood Group acquired AMEC Foster Wheeler + upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financings 




CONVERSATIONS

Last week's conversation with Wendy Brownie, creator/curator/owner at inspirati

A recent conversation with Michèle Stanners, Executive Director @ Making Treaty 7

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



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



 sponsors of this week's issue:

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



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



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



 SAVE THE DATE / upcoming events

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

+ Oct. 19; Calgary Immigrant Women's Association, 35th Anniversary Gala, CIVIC on Third, info/tickets, sponsorships

+ Oct. 24; The Art Of Leadership For Women, TELUS Convention Centre, Calgary; info/tickets

+ Oct. 26; Calgary Real Estate Forum, TELUS Convention Centre, Calgary; info/register

+ Oct. 26; YWCA Calgary’s She Who Dares - sesquicentennial project; 150 women to be recognized; City Hall


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



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NEWS SUMMARY 
 October 3 ~ 10 


+ ARC Energy Research Institute published: Crude Oil Investing in a Carbon Constrained World: 2017 Update

+ current energy prices – live link to current Bloomberg energy prices

+ election stuff: polls say incumbent Mayor Nenshi is trailing Smith by a considerable margin – might be a ‘big change election’; nothing sensational in ward or school board races – lots of endorsements, mostly focused on the Nenshi/Smith tussle. Not to be lost in the noise, what’s your thought about water, in particular fluoride in our water? Twice city-wide plebiscites said ‘put the fluoride back in the water, but council overrode the people’s wish. Time for change; here’s evidence to prove it. Juliet Guichon is leading an awareness campaign urging everyone to vote for council members who WILL DO what two plebiscites told them to do. Check out the website; check out the 30-second video – here’s the full meal deal on YouTube

+ Ironhorse Oil & Gas Inc. and Pond Technologies Inc. agreed to combine

+ Progress Energy (Petronas sub.) engaged advisors to sell some of its Deep Basin oil & natural gas assets;

+ property tax … Tax as the New Strategic Driver report published by Altus Group

+ rig counts: down 4 last week to 209 – see the full breakdown

+ TransCanada Corporation scuttled its plans for the $15.0 billion Energy East and Eastern Mainline pipeline projects ‘due to careful review of changed circumstances’; the NEB rule changes may not be the only factors – check out this analysis by Andrew Leach in the Globe and Mail

+ Wood Group completed its acquisition of Amec Foster Wheeler




THIS WEEK IN FINANCINGS 
- proposed & closed

+ AltaGas Ltd. closed $450.0 million in debt financing

+ Kelt Exploration Ltd. is on the market to raise $11.0 million in equity by a private placement of flow-through shares

+ MATRRIX Energy Technologies Inc. is on the market to raise $2.5 million in unsecured convertible sub. debt by private placement

+ NorthWest Healthcare Properties REIT closed $125.0 million equity financing

+ Pond Technologies Inc. is on the market to raise $6.5 million in equity

+ Pure Industrial REIT secured $150.0 million debt financing

+ Questerre Energy Corporation closed $31.0 million equity financing by private placement




 QUOTES



+ Sometimes, good things fall apart, so better things can fall together. – Marilyn Monroe

+ I’ve found that the more we give, the more we heal. – Orly Wahba


 KUDOS 

+ to Arlene Dickinson, named by Ernst & Young as 2017 EY Prairies Lifetime Achievement Award

+ to David Eisenstadt, 2017 winner of University of Calgary Alumni Achievement Award




 CONSTRUCTION NEWS + INNOVATION 

+ Kinder Morgan Canada’s Trans Mountain Pipeline system began signing contracts with its selected contractors for its expansion program on the 1,150 km line between Edmonton and Burnaby 




 this week in REITS 


+ Balfour Beatty landed a $260.0 million contract with H&R REIT to develop River Landing Shops and Residences in Miami

+ NorthWest Healthcare Properties REIT closed $125.0 million equity financing

+ Pure Industrial REIT closed $192.3 million in acquisitions (Ontario, Quebec, BC)

+ Pure Industrial REIT secured $150.0 million debt financing

+ R&R REIT closed US$35.1 million portfolio acquisition (9 extended stay hotels/1,020 rooms)

+ Strathallen Capital closed its $702.9 million (44 properties/4.6 million sq. ft.) acquisition from OneREIT

+ Sylvain Cossette to Pres. & CEO @ Cominar REIT




 INFRASTRUCTURE / P3  


+ Calgary’s Green-Line LRT project is well on its way, planning, funding from the province etc .. but the election campaign has brought it front & centre as an issue between mayoral candidates; seems Smith has taken a page from the Donald Trump playbook: says he might push to cancel it, or at least a review … and that position seems to playing well with voters. Don’t hold your breath, it will get built. So will a new arena once the dust settles …

+ 15 things to know about Canadian Infrastructure – link to 21 page Boston Consulting Group article




INTERESTING REAL ESTATE NEWS, other places


+ Balfour Beatty landed a $260.0 million contract with H&R REIT to develop River Landing Shops and Residences in Miami

+ GWL Realty Advisors {developing on behalf of project owners: The Healthcare of Ontario Pension Plan (HOOPP), the Great-West Life Real Estate Fund, and London Life Real Estate Fund} will break ground this week on Vancouver Centre II, 33-storey office tour on Seymour Street

+ TFI International Inc. did a sale/leaseback transaction on several selected assets for $135.7 million




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+  La Caisse de dépôt et placement du Québec and CKD Infraestructura México consortium of Mexican institutional investors acquired 80% interest in Enel Green Power (wind and solar assets – 1,712MW), who will stay in for 20% and operate, for US$1.35 billion

+ Samsung Renewable Energy Inc. & Pattern Energy Group LP commissioned their 100 megawatt Belle River Wind power facility at Lakeshore, ON; 20 yr. power purchase agreement with IESO


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this site last updated May 6, 2025