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

+ Bonnie Bokenfohr to Judge, Edmonton @ Court of Queen’s Bench

+ Dr. Qi Jian to Chief Technology Officer @ Sunshine Oilsands Ltd.

+ George Fraser to Judge, Edmonton @ Court of Queen’s Bench

+ Heather Evans to CEO @ Canadian Tax Federation

+ James Eamon to Judge, Calgary @ Court of Queen’s Bench

+ Janice Fukakusa, CFO @ Royal Bank of Canada, retiring

+ Jennie Choboter to CFO @ Terrace Energy Corp.

+ Jo’Anne Strekaf to Judge, Calgary @ Court of Queen’s Bench

+ Jolaine Antonio to Judge, Calgary @ Court of Queen’s Bench

+ Keith Godwin, CRO @ Terrance Energy Corp., resigned

+ Ken Erdman, Director, Property Management @ Triovest Realty Advisors, left the company

+ Kevin Feehan to Judge, Edmonton @ Court of Queen’s Bench

+ Kristina Riis to VP Project Delivery @ Ontario Teachers’ Pension Plan

+ Michelle Crighton to Judge, Edmonton @ Court of Queen’s Bench

+ Nadeem Velani to CFO @ Canadian Pacific

+ Qiping Men to Pres. & COO @ Sunshine Oilsands Ltd.

+ Rod Bolger to CFO @ Royal Bank of Canada

+ Sylvain Toutant, CEO @ David’s Tea, stepping down

+ William Sawyer to Pres. & CEO @ West Texas Resources Inc.


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Manulife published its 2016 Manulife Small Business Research Report shows 45% of millennial employers offer employee benefits compared to 22% for baby-boomer run companies …

+ Robert Half published a piece on Job Offer Advice – some good points for employers to think on, and for candidates to understand …




 INSURANCE + RISK MANAGEMENT 

+ only 29% of North American businesses have cyber insurance, 17% because they have contractual obligations to do so; interesting article




BOARDROOM changes, purges, appointments etc.

+ Bill Johnson to Chair @ Alberta Labour Relations Board

+ Heather Evans to Director @ Canadian Tax Federation

+ James Hill to Director @ Hyduke Energy Services Inc.


[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


FACILITYCalgary
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this  site is refreshed with a new issue every Tuesday morning


updated Oct. 25, 2016




 TODAY'S HEADLINES


HEADLINES: AltaGas says yes to North Point | Calgary Real Estate Forum | Enbridge staff cut | Prentice Memorial | Precision staffing up | Tourmaline’s US$1.037 asset buy| Stantec growth | TD US$4.0 billion purchase + Corrine Jackman 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 Corrine Jackman, Vice President @ Hopewell Real Estate Services

Last week's conversation with Mark Bernard, Pres. @ Bernard Training Solutions

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



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 SAVE THE DATE / upcoming events


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

+ Nov. 3; 2nd Annual Peter Burgener Memorial Charity Concert; Studio Bell, Calgary; info/tickets

+ Nov. 9; Canadian Pensions & Benefits Institute - Calculating the ROI of Disability Management Programs; Fairmont Palliser, Calgary; 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. 18 ~  25 


+ AltaGas Ltd. announced it will go ahead with construction of its export - North Point propane processing plant on Ridley Island near Prince Rupert, BC; $125.0 million plant will commence construction in early 2017

+ Calgary Real Estate Forum TODAY … SOLD OUT – Arthur Lloyd is Forum Chair; program

+ current energy prices – live link to current Bloomberg energy prices; crude hanging around the US$50/bbl mark for WTI, US$52/bbl for Brent, as cautious speculation OPEC production cuts will cut; however Iran is angling to be exempt from the cuts … tic toc

+ Enbridge Inc. announced it has cut 5% of its staff; 370 positions in Canada, 160 in the U.S.

+ Jim Prentice’s State Memorial, open to the public, is this Friday at the Southern Alberta, Jubilee Auditorium, 11:00AM

+ Logan International Inc. completes its transaction; acquired by Rubicon Oilfield International UK Acquisition Co. Limited

+ Precision Drilling Corp. is hiring back 1,000 workers; media outlets are headlining this as a signal of a comeback, and perhaps it is; we used to call it freeze-up. In any event, the drilling season is upon us …

+ Premier Rachel Notley delivered her ‘State of the Province’ address; text or video

+ Royal Dutch Shell plc agreed to sell a portfolio of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for US$1.037 billion in a cash and shares transaction

+ Stantec agreed to acquire architectural firm Tkalcic Bengert, a 60-person Edmonton firm

+ TD Bank Group agreed to acquire Scottrade Bank for US$1.3 billion and Scottrade Financial Services for US$2.7 billion ; Scottrade’s brokerage business will be folded into TD Ameritrade, bank business will be folded into TD’s U.S. operations

+ U.S. election watch: Trump says he’s ahead; all polling says Clinton in in the lead for popular vote and way out in front in the electoral college count; two weeks of leaks, scandals, headlines and allegations to go … tic toc

+ will Brent be same after Brexit? This article suggests that Brent hasn’t really been Brent for some time, and likely won’t be in the future, no matter how it is traded




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Blue Sky Energy Inc. closed $100,000 equity financing

+ Cordy Oilfield Services Inc. closed $2,289,307 rights offering

+ DualEx Energy International Inc. closed $810,500 common share & warrants issue

+ InPlay Oil Corp. closed $70.3 million equity financing

+ Legend Power Systems Inc. closed $2.495 warrants issue

+ Pennine Petroleum Corporation secured $1.0 million credit facility

+ Peyto Exploration & Development Corp. closed $100.0 million sr. unsecured debt financing

+ PRO REIT closed $29 million equity financing

+ Tourmaline Oil Corp. is on the market to raise $739.4 million in equity




 NEW TECH + TOOLS TO WATCH 

+ what do people think? … Harvard Business review article on Artificial Intelligence




 this week in REITS 


+ Milestone Apartments REIT agreed to acquire a six-property (North Carolina, Colorado, Oklahoma, Florida and Texas) portfolio (1,460 units) for US$242.2 million

+ OneREIT closed its acquisition to sell the Elgin Mall in St. Thomas, ON

+ NorthWest Healthcare Properties REIT closed its $127.1 million acquisition of a hospital in Brazil

+ PRO REIT closed $29 million equity financing

+ Slate Retail REIT acquired Robson Crossing in Atlanta, Georgia for US$11.0 million




 QUOTES

+ Success is how high you bounce when you hit bottom. – George Patton

+ Try not to become a man of success, but rather try to become a man of value. – Albert Einstein




 INFRASTRUCTURE / P3  


+ Infrastructure Ontario issued and RFQ to design, build, finance, operated and maintain its Hurontario LTR line (20 km of new rail lines from Mississauga to Brampton, 22 stops and maintenance facilities and fleet of light rail vehicles); documents on MERX




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Emissions Reduction Alberta has announced $40 million in funding for innovators working on methane reduction




 CONSTRUCTION NEWS + INNOVATION 


+ PCL Construction are offering PCL PartsLab – a new ‘free’ Autodesk Revit add-in; PCL say it will revolutionize the way the industry creates and manages documentation, reducing ‘hours’ to ‘minutes’ …




INTERESTING REAL ESTATE NEWS, other places


+ hitting a home-run; Rockefeller Centre in New York are getting a new tenant; 400,000 sq. ft. for Major League Baseball …

+ in Edmonton, the Terwillegar Pedestrian Footbridge opened: $24.5 million project has partners and now better connects river valley trails; River Valley Alliance Projects

+ Starlight U.S. Multi-Family (No. 5) Core Fund agreed to acquire 320-door Class A apartment complex in Las Vegas, NV for US$53.6 million

+ what happens in Vegas … manufacturing electric cars? AECOM won the contract, will build US$1.0 billion car plan on 940 acres for Faraday Future; solar panels on the roof of course …

+ you thought Vancouver and Toronto were pricey – check out Silicon Valley; check out that I.T. pressure on the vacancy rate




 OIL SANDS + HEAVY OIL NEWS

+ Dr. Qi Jian to Chief Technology Officer @ Sunshine Oilsands Ltd.

+ Qiping Men to Pres. & COO @ Sunshine Oilsands Ltd.




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this site last updated May 6, 2025