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FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alanna Jannesson to Sr. Counsel, Gorbet & Associates @ Travelers

+ Andrew Kemp to Chairman @ Canadian Broker Network

+ Ann Pardon to Dir. Business Assurance @ MEG Energy Corp.

+ Brian Campbell to Director, Operations @ Alberta Pro-West Inc.

+ Chrysten Perry to Managing Partner, Calgary @ Stikeman Elliott LLP

+ Dan Barclay to Group Head, BMO Capital Markets @ BMO Financial Group

+ Daniel Kim to Exec. VP Corporate Dev. @ Baylin Technologies Inc.

+ Erin Buchanan to Director, Talent Acquisition @ AutoCanada

+ Gilles Ouellette, Group Head @ BMO Asset Management, retiring

+ James Engdahl to Director @ Westcore Energy Ltd.

+ Jean-Louis Servranckx to Pres. & CEO @ Aecon Group Inc.

+ Karen Weaver to Interim CEO @ MCAN Mortgage Corporation

+ Leah Fochuk to HR Manager at Avenue Living

+ Matina Sarro to Sr. Bus. Dev. Specialist @ TEC Canada

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

+ Paul Conroy, Director @ Westcore Energy Ltd., resigned

+ Peter Myers to Head, Global Investment & Corporate Banking BMO Capital Markets @ BMO Financial Group

+ Robert Finnigan to Partner, Tax @ Kenway Mack Slusarchuk Stewart LLP

+ Sheila Wisniewski to Pres. & CEO Canada @ Hill+Knowlton Strategies

+ Steve Barlow to Interim Chief @ Calgary Police Services

+ Surjit Rajpal, Chief Risk Officer @ BMO Financial Gorup, retiring

+ Toby Rice to Director @ Cold Bore Technology Inc.

+ Tom McCole to Chairman @ Posera Ltd.

+ William Jandrisits, Director, Pres. & CEO @ MCAN Mortgage Corporation, left the company


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




 MEMORIAM

+ Graham Pollock former president at Mannix Construction and ATI Internationa; 90

+ Wally Benkendorff, lawyer founder/partner Corbett Benkendorff; 83




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ nominations are now open for ‘Canada’s Top 40 Under 40’; link to nominate someone

+ Ricard Branson’s take on HR’s role in mental health

+ WestJet bans staff in safety-sensitive jobs from off-duty cannabis use; is this a likely trend in the workplace?




 KUDOS 

+ to Stan Carscallen, making an 811 hectare deal with The Nature Conservancy of Canada; White Moose Ranch west of Turner Valley will be protected from development and form part of a wilderness corridor into K-country

+ to Vivian Manasc, Sr. Principal and Founder at Manasc Isaac Architects Ltd., honoured with a Lifetime Achievement Award from Sustainable Buildings Canada




 CALGARY OLYMPICS 2026 BID WATCH 


+ International Olympic Committee gave its ‘formal invitation’ forward to Calgary to host the games

+ Trudeau government has yet to give Calgary a funding commitment; no assurance it’s commitment will be made official before the plebiscite

+ Notley government announced it will provide $700.0 million for the Olympics if Calgary’s bid is successful; the widely reported requested/expected funding was $1.0 billion (Mayor Nenshi denies it was $1.0 billion but didn’t say what amount was requested) … so this means ‘Olympics on a budget …’

+ Calgary is one of three cities remaining/short listed to bid: Stockholm, Sweden, Milan/Cortina, Italy and Calgary – all other cities looking at bids have either dropped out or been cut by the Olympic Organizing Committee

+ Notley government announced it will provide full details of its funding support for the Olympic bid BEFORE the Nov. 13 plebiscite

+ the bid process

+ Feasibility Study and Conceptual Master Hosting Plan [365 page PDF download] – presented to Calgary City Council May 31, 2017




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ AEMERA – Alberta Environmental Monitoring Evaluation and Reporting Agency

+ AER - Alberta Energy Regulator

+ AIMCo – Alberta Investment Management Corporation

+ ASC – Alberta Securities Commission

+ AUC – Alberta Utilities Commission

+ BBL – barrel

+ BBLS/D – barrels per day

+ BIM – Building Information Modeling

+ 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

+ EPC – engineering, procurement and construction

+ 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

+ MOA – Memorandum of Agreement

+ 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

+ PSP – Public Sector Pension Investment Board

+ 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




current week data

this  site is refreshed with a new issue every Tuesday morning


updated October 16, 2018


 TODAY'S HEADLINES


HEADLINES: GFL buying Waste Industries | International Petroleum buying BlackPearl | La Caisse in green JV | Parkland Fuel acquisition | Velvet merger | weed is legal tomorrow + Patty Miller interview  + deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

This week's conversation with Patty Miller from MillerNet HR Solutions

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

 sponsors of this week's issue:

 
DATA CENTRE

e-mail: June.Read@DataHive.ca



e-mail Norm Landry
 
PROJECT MANAGEMENT



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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



e-mail Grant Robinson, Managing Director, Calgary
 
RISK & INSURANCE SOLUTIONS



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



CONTACT US
SALES COACHING



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



e-mail to Katherine Robinson, Managing Director

e-mail to Kim Green, Sr. Associate, Interior Design
ARCHITECTURE + INTERIOR DESIGN



click to contact: Trevor Winkler, Regional Managing Partner, Calgary
 
ACCCOUNTING, CONSULTING, TAX



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 SAVE THE DATE / upcoming events

+ Oct. 18; World Petroleum Council Youth Forum, The Bow Sky Garden and Auditorium, info/tickets

+ Oct. 23; Calgary Real Estate Forum, Telus Convention Centre, Calgary; info/registration

+ Oct. 23; CAPPA Conference 2018, Telus Convention Centre, Calgary; agenda/register

+ Oct. 23-25; 2018 CanWEA Annual Conference and Exhibition, BMO Centre, Stampede Park, Calgary; info/registration

+ Oct. 24; Distinguished Policy Fellow Awards Dinner (honouring Nancy Southern and Thomas d’Aquino); Sheraton Eau Claire, Calgary; info/sponsorship/tickets

+ Oct. 30; 24th Annual Joint Conference – GPAC/PJVA; Calgary Petroleum Club, Calgary; info/registration

+ Nov. 2; LITGALA, New Central Library, East Village, Calgary; info/donate/tickets

+ Nov. 5 & 6; P3 2018 - Canadian Council for Public-Private Partnerships 26th Annual Conference & National Awards for Innovation and Excellence in P3; Sheraton Centre, Toronto; info/register

+ Nov. 7; Vera & Friends Variety Show/Fundraiser for Story Circle work in Southern Sudanese community. Bella Concert Hall, Mount Royal University, Calgary; info/tickets

+ Nov. 7-8; BUILDEXCalgary, BMO Centre, Stampede Park, Calgary; program/register

+ Nov. 13; Calgary 2026 Winter Olympic Bid Plebiscite – where/when to vote

+ Nov. 13; Calgary Youth Justice Society – 2nd Annual ‘Strong Not Wrong’ Fundraising Event, cSpace, old King Edward School, Calgary – info/tickets

+ Nov. 14-15; 2018 World Energy Council North America Region Energy Forum, Telus Convention Centre, Calgary; info/register

+ Nov. 28-29; Real Estate Forum, Metro Toronto Convention Centre, info/register

+ Dec. 9-10; 9th Annual Sustainable Innovation Forum 2018/COP24, Katowice, Poland; info/register

+ Apr. 3-5; Economic Developers Alberta, 3019 Annual Conference, Banff Centre, Banff; info/register


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



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NEWS SUMMARY 
 October 9 ~ 16 


+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude prices steady/slightly off due to climbing inventory levels and Saudi market uncertainty; meanwhile Western Canada Select is getting pummeled by the market

+ GFL Environmental Inc. agreed to acquire and merge with Waste Industries; total enterprise value $3.65 billion

+ International Petroleum Corp. agreed to acquire BlackPearl Resources Inc. in an all stock transaction

+ La Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP announced a partnership for sustainable investing - plans to invest an initial US$3.0 billion in investments

+ Nauticol Energy Ltd. announced plans for a $2.0 billion methanol project for a ‘near rail line location’ near Grande Prairie that would process 300 million cubic feet of gas/year; their investment decision will be finalized in 2019  …tic toc

+ Parkland Fuel Corp. agreed to acquire 75% of SOL Investments Ltd. (526 gas stations in 30 Caribbean countries) for $1.57 billion

+ Ranch Energy Corporation is in receivership; Ernst & Young Inc. are court appointed Receiver/Manager; Animus Capital Partners Inc. are selling assets …

+ rig counts; up 13 to 195 on the week: click for full breakdown

+ Secure Energy Services Inc. completed and commissioned its Kerrobert Light Pipeline System

+ Starlight Investments Capital LP is establishing Starlight Hybrid Global Real Assets Trust

+ Trans Mountain Expansion Project reconsideration hearing dates set; all consultations must be complete by Feb. 22/19

+ U.S. rig counts: up 11 to 1,063 on the week: click for full breakdown

+ Velvet Energy Ltd. and Iron Bridge Resources Inc. reached an agreement to amalgamate

+ weed becomes legal this Wednesday. Tomorrow cannabis sale and use will be legal in Canada; suppliers, retailers and customers are all expecting a large volume of first day sales; it might be the greatest thing since a tidewater pipeline (oops, sarcasm slipped in there) – but more likely it will be somewhat like Y2K – a lot of anticipation and hype followed by everyone living much as they had before. There will be bumps, but small ones. Prediction: there will be consolidation at each level of the supply chain from growers to retailers after a period of too much hype …

+ WestJet announced that Calgary will be the home/hub for its three new Boeing 787-9 Dreamliner planes; will offer non-stop service from Calgary to London (Gatwick), Paris and Dublin staring in 2019

+ 24/7 Compression Ltd. merged with Belair Power & Production Equipment Inc.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alectra Inc. is on the market to raise $300.0 million in commercial paper debt

+ Algonquin Power & Utilities Corp. is on the market to raise US$250.0 million in sub. debt

+ iAnthus Capital Holdings Inc. closed $34.5 million equity financing

+ Bank of Nova Scotia closed $300.0 million preferred share issue

+ Blackbird Energy Inc. closed $2.3 million equity financing by private placement

+ Prairie Provident Resources Inc. closed $5.5 million equity financing by private placement


*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower …




 CONSTRUCTION NEWS + INNOVATION 

+ new tariffs on foreign steel – industry impact discussed




 CORPORATE RESPONSIBILITY REPORTS 


+ Waste Connections Inc. released its 2018 Sustainability Report




 this week in REITS 


+ Firm Capital Property Trust closed its $11.0 million acquisition of a 50% interest in a 159,164 sq. ft. single tenant industrial building in Montreal

+ KING project in Toronto; Allied REIT and Westbank have a massive redevelopment plan to mix new and heritage buildings together in a comprehensive way: check out the video

+ Starlight Investments Capital LP is establishing Starlight Hybrid Global Real Assets Trust




 INFRASTRUCTURE / P3  


+ Calgary City Council has endorsed re-starting negotiations with the Calgary Flames ownership regarding a new arena plan; Calgary Municipal Land Corporation has developed ‘a conceptual plan’ for an ‘event centre’ in the Victoria Park area just north of Stampede Park/Saddledome location … tic toc

+ Calgary Municipal Land Corporation announced it will, for the Calgary Parking Authority, re-develop surface parking lots to create ‘Platform’, a 500 stall parking garage in the East Village. Capital cost is $80.0 million. The facility will include creative space ‘for innovators’

+ GOA provided a $500,000.0 grant to Canada Olympic Park/Win Sport COP for upgrading facilities

+ West Park Healthcare Centre broke ground for its $1.2 billion new six-storey hospital in Toronto; project will open in 2023




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ KING project in Toronto; Allied REIT and Westbank have a massive redevelopment plan to mix new and heritage buildings together in a comprehensive way: check out the video

+ tallest residential building in the world – now launching sales of apartments; New York City’s Central Park Tower will be 1,550 ft. high; Nordstrom will have a 7-storey/320,000 sq. ft. store at its bottom on West 57th Street/Central Park South … just a few steps from Columbus Circle …




 INTERESTING THINGS IN RETAIL 


+ in the U.S. Sears Holdings has filed for Chapter 11 bankruptcy protection; Sears, Sears Auto and Kmart stores will remain open while the parent holding company works to re-organize




 SHAREHOLDER MEETINGS

+ Nov. 6; Iron Bridge Resources Inc., Special Meeting of Shareholders, Calgary

+ Nov. 15; Petro-Victory Energy Corp., Annual General Meeting, Calgary


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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ La Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management LLP announced a partnership for sustainable investing - plans to invest an initial US$3.0 billion in investments

+ TransAlta Renewables have done a 15-yr power purchase deal with Microsoft; 90MW Big Level wind facility is under construction in Hector Township, Pennsylvania




 QUOTES 

+ Every great story happened when someone decided not to give up. – Spryte Loriano

+ The truest wisdom is a resolute determination. – Napoleon Bonaparte




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feedback@facilitycalgary.com



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this site last updated May 6, 2025