FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Brian Heald to Managing Dir. & Head, Exploration & Production, Investment Banking @ AltaCorp Capital Inc.

+ Chandra Henry to Director @ Pengrowth Energy Corporation

+ Charles Caldwell to CEO @ Commissionaires of Southern Alberta

+ Colleen Johnston to Director @ WestJet

+ Dr. Norman Knowles to Dean of Arts & Sciences @ St. Mary’s University

+ Dr. Sarah Twomey to Dean of Education @ St. Mary’s University

+ Fredric Karen to Sr. VP Editorial @ Torstar Corporation

+ Greg McIntommy to VP Finance & CFO @ St. Mary’s University

+ Heath Young to Director, Information Technology & Business Services @ Alberta Insurance Council

+ Ian Ganzer to VP Mining Operations @ ESI Energy Services Inc.

+ Irfhan Rawji to Chair, Board of Governors @ Glenbow Museum

+ Jean-François Neault to CFO @ Innergex Renewable Energy Inc.

+ Michael Rodyniuk to Pres. & CEO @ West Wind Aviation

+ Mirko Bibic to COO @ BCE Inc. & Bell Canada

+ Nate Heywood to Analyst, Midstream, Infrastructure & Renewable Energy @ AltaCorp Capital Inc.

+ Ray Wieler, Director @ First Global Data Limited, resigned

+ Richard Lively, COO @ Encanto Potash, left the company

+ Scott Chimuk to Partner @ Burstall LLP

+ Simon Hitzig to Director @ Accord Financial Corp.

+ Zabeda Yaqoob to Director, LEGAL & Regulatory Affairs @ Alberta Insurance Council


CONVERSATIONS

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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ legal, medical cannabis still posing challenges: survey results

+ navigating legality of lay-offs




 KUDOS 

+ to Calgary philanthropists Sharon and Bill Siebens – honoured for their $10.0 million cumulative donations to United Way of Calgary and Area

+ to Edmonton Journal columnist Paula Simons and Spruce Grove indigenous rights advocate Patti Laboucane-Benson, named to the Senate of Canada




 CALGARY OLYMPICS 2026 BID WATCH 


+ 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




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this  site is refreshed with a new issue every Tuesday morning


updated October 9, 2018




 TODAY'S HEADLINES


deals + rig counts + upcoming events, appointments + climate change + infrastructure + REIT NEWS + financings + Olympic bid progress




CONVERSATIONS

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



 sponsors of this week's issue:

e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



 
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



PUT YOUR 
COMPANY HERE
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SEE YOUR 
BRAND HERE



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



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



 SAVE THE DATE / upcoming events

+ 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 2 ~ 9 


+ Aecon Group Inc. agreed to sell its contract mining business to North American Construction Group Inc. for $199.1 million

+ Black Swan Energy Ltd. closed its sale of 50% interest in an asset portfolio to AltaGas Ltd.

+ Connacher Oil and Gas Limited got creditor and court approval of its CCAA Plan of Compromise and Arrangement; to sell the company to East River Oil and Gas Ltd.

+ current energy prices – live link to current Bloomberg energy prices / OilPrice.com; crude oil prices upticking - market nervousness over Saudi’s sticking to quotas, on whether Iran will be full restrained by sanctions and concerns about GOM offshore production disruptions from Hurricane Michael (BP, Equinor, ExxonMobil and BHP Billiton have evacuated personnel from their production platforms)

+ explosion and fire in diesel-treating unit at Irving Oil refinery in St. John, NB; nobody killed, several contractors injured – 100 operations staff on-site and 3,000 contractors working on a scheduled shut-down project …

+ Fueled Energy Marketing Inc. acquired PNG Equipment Ltd.

+ InPlay Oil Corp. closed a $16.7 million non-core asset disposition

+ K-Bro Linen Inc. closed its $4.7 million acquisition of Linitek

+ Opportunity Calgary Investment Fund announced its first investment: MobSquad will get $10K/job to create 150 software engineering and technology jobs - $1.5 million grant

+ rig counts; up 4 to 182 on the week; click here for full breakdown

+ Scotiabank completed its acquisition of MD Financial Management ($49.0 billion book)

+ TransCanada Corporation announced it will go forward with construction of the Coastal GasLink pipeline project; 670 km. pipeline will ship Montney gas from Dawson Creek to Kitimat – initial capacity will be 2.1Bcf/day. Project will commence in 2019, in service by 2023

+ TransMountain Pipeline Project process of next steps announced by Trudeau government: the government will not appeal the Federal Appeal Court ruling, engaging a consultant – former Supreme Court of Canada Justice Frank Iacobucci to oversee indigenous consultations and will press on the NEB

+ Trinidad Drilling Ltd. agreed to a $1.028 billon friendly takeover/combination with Precision Drilling Corporation; combined entity will have $4.0 billion enterprise value

+ U.S. rig counts: down 2 to 1,052 this week; click here for full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Blackbird Energy Inc. closed $6.4 million trance of an equity financing by private placement

+ Prairie Provident Resources Inc. is on the market to raise $4.0 million in equity

+ Prairie Provident Resources Inc. is on the market to raise $1.1 million in equity by private placement

+ Yangarra Resources Ltd. secured $175.0 million credit facility

+ Zecotek Photonics Inc. closed $2.0 million equity financing


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


 CONSTRUCTION NEWS + INNOVATION 

+ Aecon Group Inc. and SA Energy Group (50/50 JV) were awarded $526.0 million contract for TransCanada Corporation’s Coastal GasLink Pipeline project in B.C.

+ greenest schools in Canada – one in Alberta




 this week in REITS 


+ Prologis Inc. sold an 86 property portfolio of U.S. and international non-strategic assets to Singapore’s Mapletree Investments Pte Ltd. for US$1.1 billion

+ Skyline Apartment REIT closed a $213.5 million sale of 1,157 units (12 properties) in St. Catherines, ON to Q Management LP




 INFRASTRUCTURE / P3  


+ Connor, Clark & Lunn Infrastructure (CC&L) agreed to acquire majority interests in two construction stage projects - Bremner & Trip Creek Hydro projects; acquisition will add 150 gigawatt hours/yr. to CC&L, will require $200.0 million capital investment

+ Hallifax hospital redevelopment; $2.0 billion project will be P-3

+ PSP Investments agreed to acquire an interest in Forth Ports Limited from Arcus European Infrastructure Fund 1 LP; terms not disclosed

+ Calgary City Council committee is pressing City Council to re-engage negotiations with the Calgary Flames for a new arena as part of an inner city mixed-use redevelopment plan … tic toc




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Brookfield Asset Management and partners are working on a bid for British shopping mall owner Intu Properties; deal likely at $3.37 billion … tic toc

+ Oxford Properties Group announced plans to redevelop St. John’s Terminal in New York City; project will be 1.3 million sq. ft. on the Hudson River; Oxford will be lead developer …

+ Primecorp Commercial Realty (Ottawa, Toronto, Montreal, Gatineau) acquired by Marcus & Millichap

+ Royal Alberta Museum (419,000 sq. ft.) opened in Edmonton; former ‘main post office’ downtown transformed into relocated/expanded provincial museum (collection includes 2.4 million objects); $375.0 million capital cost 2/3rds GOA, 1/3rd federal government’s Building Canada Fund




 INTERESTING THINGS IN INDUSTRIAL REAL ESTATE 


+ Prologis Inc. sold an 86 property portfolio of U.S. and international non-strategic assets to Singapore’s Mapletree Investments Pte Ltd. for US$1.1 billion




 SHAREHOLDER MEETINGS

+ Oct. 11; Canada Development Investment Corporation, Annual Public Meeting, Calgary

+ 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 

+ GOA issued an RFP to procure solar power equivalent of 55% of government’s annual electricity needs

+ the world is in terrible shape according to a UN report; note the graph on carbon dioxide emissions – Canada is 10th, but as you might suspect the big offenders on a massive scale, are China and the United States




 QUOTES 

+ The opposite of bravery is not cowardice, its conformity. – Robert Anthony

+ Giving is the master key to success in all application of human life. – Bryant McGill


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this site last updated May 6, 2025