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 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 …


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 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



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COMPANY HERE
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 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 ]



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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.




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this site last updated May 6, 2025