FACILITYCalgary

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

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP



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

+ Alan Horn to Acting Pres. & CEO @ Rogers Communications Inc.

+ David Bhumgara, CFO @ Dundee Energy Limited, resigned

+ Derek Ham to Director, Capital Markets @ Canaccord Genuity Group Inc.

+ Gregory Craig to Pres. & CEO @ Canadian Tire Bank

+ Guy Laurence, CEO @ Rogers Communications Inc., fired

+ Jeffrey Post, CFO @ Zargon Oil & Gas Ltd., resigned

+ Joe Natale, to CEO @ Rogers Communications Inc. (date uncertain due to an unexpired non-compete agreement with his former employer TELUS)

+ Julie Bashnick to Account Executive @ Refineco Inc.

+ Karlay Guyn to CEO @ Ducks Unlimited Canada

+ Larry Tomei to Exec. VP & Head of Retail Banking and Wealth Management @ HSBC Bank Canada

+ Lucie Presot to Interim CFO @ Dundee Energy Limited

+ Malcolm Rose to Justice @ Supreme Court of Canada

+ Mary Turner, Pres. & CEO @ Canadian Tire Bank, retiring (so, is her pension in Canadian Tire money?)

+ Nicole Musicco to Sr. VP Public Equities @ Ontario Teachers’ Pension Plan

+ Patrick Rea to Legal Counsel @ Bridgewater Bank

+ Pate Meneley, Head, Investment Banking @ Toronto-Dominion Bank, leaving the bank

+ Roy Larson, COO @ Petrowest Corporation, retired

+ Sami Saad to COO @ Petrowest Corporation

+ Sherry Dahl to Director of Development @ University of Calgary

+ Tim Coldwell to Managing Dir. @ CHANDOS Construction


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ study suggests supervisors are the main reason people quit …




 NEW TECH + TOOLS TO WATCH 

+ always on the lookout for interesting innovations: TOBY - a Google chrome tool to manage tabs; Boomergang – for gmail, help to write perfect emails (if there is such a thang!); Pixel – Google’s new phone to poach iPhone fanatics; facebook-marketplace – hyped to be a Craig’s list killer; Facebook at Work – a paid subscription service – social network for companies …tic toc

+ Amazon launched a music|unlimited , music streaming service

+ Tribe Inc. launched Tribe 2.0, a digital video messenger APP




BOARDROOM changes, purges, appointments etc.

+ Jacie Levinson, Trustee & Chair @ InterRent REIT, died

+ James Dickson to Chair @ Empire Company Limited

+ Jim Prentice, Director @ Northview Apartment REIT, died

+ Roy Larson, Director @ Petrowest Corporation, retired

+ Wayne Gretzky to Vice-Chair and Partner @ Edmonton Oilers


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




 SHAREHOLDER MEETINGS

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

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




 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Oct. 18, 2016




 TODAY'S HEADLINES


HEADLINES: Canbriam buys Northpoint | crude at US$50/bbl | EY Entrepreneurs of the Year | Fortis closes US$11.3 billion buy | Twin Butte assets on the market | GOA appoints Energy Diversity panel | former Premier Jim Prentice killed in plane crash | Wapiti $300 million gas plant + Mark Bernard 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 Mark Bernard, Pres. @ Bernard Training Solutions

Last week's interview - Nancy Lowery's conversation with Eva Friesen, Pres. & CEO @ the Calgary Foundation

A recent conversation with Bradley Ball, High Performance Printing Coach & Coordinator @ ready.set.go Printing Services

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



 KUDOS 

+ to IKEA, now selling Earth Group’s bottled water: Earth Water in all their stores, proceeds in support of the United Nations World Food Programme

+ to inductees – Business Laureates of 2016: Ross Glen, Ronald Southern (posthumus), Cal Wenzel and Mac VanWielingen

+ to Matt Masters, Sam Hester, John Burgener, David Burgener and Ross Roy – organizers of the 2nd Annual Peter Burgener Memorial Charity Concert – for keeping Peter’s memory alive for all of us and raising dough for a great cause …


↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.



 sponsors of this week's issue:

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



CONTACT DAWSCO
 
COFFEE SERVICES



e-mail to Sharon Martens
 
INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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







 OIL SANDS + HEAVY OIL NEWS

+ an Alberta Court of Queen’s Bench decision in a case involving Alberta Oilsands Inc., in a ‘case specific’ decision, suggests shareholder votes are required to approve a ‘plan of arrangement’

+ Suncor Energy Inc. reached an agreement for sale of 14.7% interest in Suncor’s East Tank Farm Development to Mikisew Cree First Nation




 SAVE THE DATE / upcoming events

+ Oct. 17-19; QUEST2016 Conference and Trade Show, Westin Hotel, Calgary; info/register

+ Oct. 22; LOOK2016 Fundraiser for Contemporary Calgary with Steve Martin, Centennial Planetarium, Calgary; info/tickets

+ Nov. 1-2; PetroChem Canada 2016, Shaw Conference Centre, Edmonton; info/register

+ Nov. 9-10; BUILDEX Calgary, BMO Centre, Stampede Park, Calgary; info/register/sponsor

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

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



FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2016 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com
http://facilitycalgary.com

http://plandflex.com 
http://markmusing.com  




NEWS SUMMARY 
 Oct. 11~ 18 


+ Canbriam Energy Inc. closed its $7.5 million acquisition of Northpoint Resources Ltd. assets from Northpoint’s receiver

+ Craft Oil Ltd. agreed to sell a portfolio of assets for $13.5 million

+ current energy prices – live link to current Bloomberg energy prices; crude ticked down (still hugging US$50/barrel) yesterday but up on European markets as analysts feel market is more balanced now; over the past week natural gas prices riding a 22-month high as La Nina affect is expected to produce a colder than usual winter … tic toc

+ EY Entrepreneur of the Year – Prairies Awards handed out: Calgary winners: Cleantech and Environmental - Daniel Bulat, Ted Hart and Terence Trefiak, Envirotech, Envirosoft, and TARGET Emission Service www.envirotecheng.com , www.envirosoft.com,  www.targetemission.com ; Energy - Mike Miller Tundra Process Solutions Ltd.- www.tundrasolutions.ca ; Health and Wellness - Louis Stack, Fitter International Inc. (Fitterfirst)- www.fitter1.com ; Manufacturing - Kristi Cawthorn, Startec Compression & Process Ltd. - www.startec.ca

+ Fortis Inc. completed its US$11.3 billion acquisition of Novi/ITC Holdings Corp., a Michigan utility

+ FTI Consulting Canada Inc. appointed Receiver/Manager for Twin Butte Energy Ltd.; FTI in turn obtained an order permitting it to engage agents to sell assets (Peters & Co. Limited and CIBC World Markets Inc.)

+ GOA appointed its Energy Diversification Advisory Committee; sadly under-represented in terms of business and industry, in particular oil & gas and utilities; c’mon eh! .. it’s energy, not social programs, they are focusing in diversifying

+ Jim Prentice, former Premier of Alberta and former Deputy Prime Minister, died in a plane crash

+ Noble Energy Partners agreed to acquire a Montana gas processing facility and its gathering system pipeline for $15 million

+ rig counts: U.S. rig count last week rose by 4 to 432; gas rigs up 11 to 105

+ Suncor Energy Inc. reached an agreement for sale of 14.7% interest in Suncor’s East Tank Farm Development to Mikisew Cree First Nation

+ Quattro Exploration and Production Inc. engaged advisors to sell Alberta, Sask. and BC assets

+ SemCAMS and NuVista Energy Inc. will build the Wapiti Gas Plant near Grande Prairie; capital cost estimated as $300-350 million

+ TD Bank Group agreed to sell its European direct investing business to Interactive Investor plc

+ Toro Oil & Gas Ltd. closed its $2.25 million divestiture of non-core assets

+ Zaio Corporation rebranded itself; know operating as: Clarocity Corporation




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acceleware Ltd. closed $2.0 million common share & warrants issue

+ Algeco Scotsman is on the market to raise $20 million in debt

+ Cequence Energy Ltd. is on the market to raised $10.0 million in a flow-through common share issue

+ Connor, Clark & Lunn Infrastructure & Samsung Renewable Energy Inc. closed $633 million debt financing

+ Essential Energy Services Ltd. closed $10.4 million equity financing

+ Jasper Mining Corporation is on the market to raise $20,000 by a common share & warrants issue

+ Keyera Corp. closed $300 million in debt financings

+ Luxe Energy LLC closed US$ 524.0 million equity financing

+ Manitok Energy Inc. is on the market to raise $21.2 million in debt

+ Northview Apartment REIT is on the market to raise $65.0 million in equity

+ NuVista Energy Ltd. is on the market to raise $90.0 million in equity

+ Perisson Petroleum Corporation is on the market to raise $10.0 million in equity

+ Prince Resources Corporation secured $2,280,533 debt financing

+ Pure Industrial Real Estate Trust closed $143.8 million equity financing

+ Starlight U.S. Multi-family (No. 5) Core Fund is on the market to raise US$26.5 million in equity

+ Valeura Energy Inc. is on the market to raise $11.0 million in equity




 this week in REITS 


+ Jacie Levinson, Trustee & Chair @ InterRent REIT, died

+ Jim Prentice, Director @ Northview Apartment REIT, died

+ Nobel REIT closed the $4.1 million sail of 110 Place Nobel in Bourherville, QC

+ Northview Apartment REIT is on the market to raise $65 million in equity

+ Pure Industrial Real Estate Trust closed $143.8 million equity financing

+ Slate Retail REIT agreed to acquire a Mooresville Town Square in North Caroling a for US$16.7 million




 QUOTES

+ The starting point of all achievement is desire. – Napoleon Hill

+ Success consists of going from failure to failure without loss of enthusiasm. – Winston Churchill




 INFRASTRUCTURE / P3  


+ SAIT is receiving $20 million in federal government grants in support of three projects to modernize existing buildings on SAIT’s campus; NAIT in Edmonton got $34.9 million for construction of 15,000 sq. m. NAIT Shell Manufacturing Centre




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ EIA reported U.S. energy-related CO2 emissions for first-half of 2016 are lowest since 1991!

+ thoughtful article from Brookings Institution – Adele Morris essay discusses how fossil-fuel jurisdictions can adopt their revenue toward a sustainable economic model in a low-carbon future




 CONSTRUCTION NEWS + INNOVATION 


+ Calgary Cancer Centre on the Foothills Hospital Campus is due for issuance of an RFP; should be open for patients in 2024

+ EllisDon selected by Fortress Real Developments ton construct SkyCity Centre in Winnipeg; 45-storey mixed use project (condos & office), will be Manitoba’s tallest structure

+ Enbridge Centre opened in Edmonton; Ledcor built it aimed at LEED Gold certification for Core and Shell; this building rose from inside the facades of the Kelly and Ramsey buildings adjacent to Rice Howard Way




INTERESTING REAL ESTATE NEWS, other places


+ Algoma Central Corporation soled its Ridley Square 47,585 sq. ft. mixed use property in St. Catherines, ON for $14.1 million

+ Emaar Properties broke ground on a new US$ 1.0 billion project in Dubai – the Tower at Dubai Creek Harbour – will be complete in 2020, and be the world’s tallest tower (3,045 ft. ; will eclipse Burj Khalifa by 328 ft. (100 metres);

+ TransLink sold its Oakridge Transit Centre in Vancouver for $450 million to a consortium: Intergulf, Kunyan International Group & a third group reported to be Beijing based Modern Green Development Co. Ltd.(site is approved for 1.26 million sq. ft. of res. & retail dev. Proposed density is 2.1 FSR)

+ Whistler Blackcomb Holdings Inc. completed their combination transaction with Vail Resorts Inc.; Whistler resort is now wholly owned by Vail Resorts Inc.




↓SIGN UP TO GET FACILITYCalgary↓

sign up, get FACILITYCalgary
For Email Marketing you can trust.

© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com