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FACILITYCalgary June28/22

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allan Dixon to Bus. Dev. Consultant @ Athabasca Oil Corporation

+ Andrew MacNiven to Sr. Managing Director, Canada @ Evercore

+ Ben Cadieux to Chief Technology Officer @ Katipult Technology Corp.

+ Brad Krol to Chief Information Officer @ Expro

+ Bryden Richardson to Director @ James Richardson & Sons Limited

+ Christine Gillies to Dir. of Product Marketing @ Benevity

+ David Delaney, Exec. Chairman @ Parkit Enterprises Inc., stepping down

+ Daniel Hursh to Director @ James Richardson & Sons Limited

+ Deann Burgart to Sr. Instructor, Chemical & Petroleum Engineering and Teaching Chair, Schulich School of Engineering @ University of Calgary

+ Jocelyn Houle to Board Chair @ Canada Lands Company

+ John Manley to Sr. Advisors @ Bennett Jones LLP

+ Kevin Bourbonnais to Pres. @ LOGISTEC Environmental Services Inc.

+ Krista Pratt to Sr. Recruitment Consultant @ NES Global Talent

+ Leah Fochuk to Head of People @ Symend

+ Luc Filiatreault to Pres. & CEO @ Mediagrif Interactive Technologies Inc.

+ Margaret MacDonald to Director @ Canada Lands Company

+ Marilyn Croghan to Partner, Toronto @ The Caldwell Partners International Inc.

+ Raul Nemes to VP Product @ Katipult Technology Corp.

+ Renaud Caron to Director @ Canadian Public Accountability Board

+ Sherilyn King to VP, Sales & Customer Services @ Yellow Pages Limited

+ Steve Smith to Sr. Advisor for Profitable Growth @ Yellow Pages Limited

+ Todd Holmstrom, VP Construction @ Stuart Olson Inc., retired

~

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




 MEMORIAM  

+ Bob Church, rancher, philanthropist and founding head of Department of Biochemistry and Molecular Biology @ University of Calgary; 82

+ Maurice Paperny, real estate investor/developer, philanthropist and community activist; 90




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ 2019 Canadian HR Awards – winners announced

+ harnessing Gen Y and Gen Z … now 75% of the global workforce




 TECH CORNER ... 

+ Netflix is now using 15% of all internet bandwidth on earth; which begs the question of whether we need more bandwidth or less Netflix




 KUDOS 

+ to Top 7 Over 70 Awards winners; Sylvia Rempel, Bob Brawn, Jacqueline Cameron, John Lacey, Dr. Eldon Smith, Ken Stephenson, and Gus Yaki




 SAVE THE DATE / upcoming events

+  Sept. 17; Networking 2.0 Public Session 2019, Hotel Blackfoot, Calgary; info/register

_ Sept. 17-19; Gastech Exhibition & Conference, Houston, Texas; info/registration

+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register

+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets

+ Sept. 23-26; 2019 IREM Global Summit, Hilton Union Square, San Francisco; info/register

+ Sept. 24; Rock ’EM Sock ’Em Rib Fest, Big 4/Stampede Park, Calgary; info: mjf@bosslubricants.com or ccaffyn@bosslubricants.com

+ Sept. 25-26; Artificial Lift & Production Optimization, Western Canada 2019, Blackfoot Inn, Calgary; info/register

+ Sept. 25-26; Waterpower Canada Conference, Montreal; info/register

+ Sept. 26-27; Dare To Lead/Jenn Lofgren; Grand Theatre, Calgary; info/register

+ Oct. 1; Workforce Choice Awards, Jack Singer Concert Hall, Calgary; info/tickets

+ Oct. 3; LIFT GALA, 1st Annual Flight Safety Foundation Gala, TELUS Spark Theatre, Calgary; info/tickets

+ Oct. 3; Reins of Responsibility, Shriner’s Fez Dome, Calgary; info/register - ** editor’s note: I’ve taken this program – it’s about horses, HR leadership and serious naval-gazing; I highly recommend Nancy Lowery’s signature event …

+ Oct. 9; Energy Council’s 2019 Energy Person of the Year Award Dinner, Westin Hotel, Calgary; sponsor info/tickets

+ Oct. 17-18; 10th Annual Connect Event / United Way of Calgary and Area, Carriage House Inn, Calgary; info/register

+ Oct. 18; 90th Anniversary; ‘Persons’ Day celebration, Olympic Plaza, Calgary; info/join the celebration

+ Oct. 19; Western Canada High – Class of ’69, 50 YEAR REUNION, Glencoe Club, Calgary; info/register

+ Oct. 20; Famous 5 Foundation, Persons Case/Pink Tea celebration, Fairmont Palliser, Calgary; info/tickets

+ Oct. 21; Canada’s 43rd Federal Election – everywhere; voting requirements/registration

+ Oct. 21-25; Forests of Opportunity, 2019 SFI Annual Conference, Richmond, VA; info/register

+ Oct. 23-25; National Privacy & Data Governance Congress 2019, Privacy & Access Council of Canada, Carriage House Inn, Calgary; info/register

+ Oct. 25; Womanition – 2019 Leadership Conference, Ramada Calgary Airport Hotel & Conference Centre; info/register

+ Nov. 1; Stantec presents the 5th Annual Peter Burgener Memorial Charity Concert, Barney Bentall and The Cariboo Express in support of Classroom Champions, Bella Concert Hall at MRU, Calgary … save the date; info/tickets

 + Nov. 6; Calgary Real Estate Forum, TELUS Convention Centre; info/register

+ Nov. 11; ADIPEC – Abu Dhabi International Exhibition and Conference; info/book space in Canada pavilion

+ Nov. 19-21; ISSA Show North America 2019, Las Vegas, NV; info/register

+ Nov. 20-24; 2019 Grey Cup Festival; tickets/information




 SHAREHOLDER MEETINGS

+ Sept. 17; Calgary Council of Voluntary Organizations (CCVO), Annual General Meeting, Calgary

+ Sept. 18; Couche-Tard Inc., Annual Meeting of Shareholders, Laval

+ Sept. 18; Pure Multi-Family REIT LP, Special Meeting of Unitholders, Vancouver

+ Sept. 24; Calgary Philharmonic Orchestra, Annual General Meeting, Calgary

+ Oct. 3; Great-West Life Assurance Company, London Life Insurance Company and Canada Life et al, Special Meeting to approve amalgamation, Winnipeg

~

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




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 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 19; Basecamp Resorts/Murrieta’s 1st Annual Charity Golf Tournament, Stewart Creek, Canmore; info/register

+ Oct. 10; Calgary Hellenic Charity Golf Tournament, Elbow Springs GC, Calgary; info/register

~

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




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 weekly newsletter

Est. July, 1999




 TODAY'S HEADLINES


HEADLINES: Bill-69 challenge | Blackstone $6.2 billion takeover of DREAM Global REIT | crude price SPIKE / Saudi supply disruption | MEG Surmont go-ahead + Dan Elrod interview  + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings + Top 7 Over 70




CONVERSATIONS

This week's conversation with Dan Elrod, Pres. @ Wallace & Carey Inc.

A recent conversation with Jerilyn Dressler, Exec. Director @ Calgary Distress Centre

A recent conversation with Denise Baril, Founder/Pres. @ Workplace Speaker Network

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



 sponsors of this week's issue:

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



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e-mail Peter Gatzsch
 
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DATA CENTRE

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



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CONTACT US
SALES COACHING



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

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 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ TransAlta Corporation announced a $2.0 billion Clean Energy Investment Plan




 QUOTES 

+ We suffer more often in imagination than in reality. – Seneca

+ The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things. - Ronald Reagan




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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NEWS SUMMARY 
 September 10 ~ 17 


+ Alberta Government in talks with oil producers about exceeding curtailment limits in light of reduced Saudi output; connected to transfer of rail-car contracts … tic toc

+ Alberta legislature getting back to business: legislature to reconvene October 8th

+ Aucerna acquired Micotan Software

+ Bill-69 challenge; the Alberta government is headed to the Alberta Court of Appeal in an effort to challenge the constitutionality of Bill C-69

+ Black Gold Medical Ltd. acquired Seismed Medical Services Inc.

+ Blackstone agreed to acquire Dream Global REIT for $6.2 billion

+ Brian Pallister won re-election in his seat and PCs won a re-election majority to continue governing Manitoba

+ CO2 Solutions Inc. is making a proposal to creditors under the provisions of Part III of the Bankruptcy and Insolvency Act (Canada); Ernst and Young Inc. appointed as trustee and will assist CO2 Solutions in its restructuring efforts

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up sharply following terrorist drone attacks on Saudi oil facilities shuts-down 5.7 million bbl/day production – Saudis are scrambling to bring additional production online; meanwhile trading has spiked prices 10-15% globally while Middle East tensions rise and finger-pointing rhetoric heats up … tic toc

+ Delphi Energy Corp. closed its lateral line reactivation agreement with Alliance Pipeline Limited Partnership for $11.9 million

+ General Electric Co. is selling part of its stake in Baker Hughes; stake will go from a controlling 50.4% to 38.4%; sale expected to net GE proceeds of US$2.7 billion

+ Hatch Ltd. acquired Upside Engineering Ltd.; terms not disclosed

+ MEG Energy Surmont project got green-lighted by AER; 120,000/bbl/day SAGD project

+ Prime Minister Trudeau asked the Governor-General to drop the writ; parliament dissolved, Canadians in 338 constituencies go to the polls October 21st

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 12 to 886 this week; Canada: down 13 to 134 this week; full breakdown

+ Woodside Energy Ltd. shopping its stake (JV with Chevron) in proposed Kitimat LNG project




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Axis Auto Finance Inc. closed US$2.0 million equity financing

+ Bespoke Capital Acquisition Corp. closed US$360.0 million equity financing

+ Blackstone Real Estate Partners IX closed a US$20.5 billion equity raise

+ ClearStream Energy Services Inc. secured $17.0 million debt financing

+ ClearStream Energy Services Inc. secured $55.0 million credit facility

+ Element AI Inc. closed $200.0 million in equity

+ Emerald Health Therapeutices Inc. closed $25.0 million convertible debt financing

+ European Residential REIT is on the market to raise $145.0 million in equity

+ Gibson Energy ULC is on the market to raise $500.0 million in sr. unsecured debt

+ Martello Technologies Group Inc. is on the market to raise $4.0 million in equity

+ MediaValet Inc. closed $3.5 million equity financing by private placement

+ Pembina Pipeline Corporation closed $1.5 billion debt financing

+ Point Loma Resources Ltd. is on the market to raise $1.5 million in equity by private placement             

+ Rocky Mountain GTL Inc. secured $15.0 million debt financing

+ SQI Diagnostics Inc. is on the market to raise $4.0 million in equity by private placement

+ True North Commercial REIT closed $80.5 million equity financing

+ UrtheCast Corp. closed $6.6 million unsecured convertible debt financing

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …




 INFRASTRUCTURE / P3  


+ Government of Ontario published it’s 2019 P3 Market Update – setting out $65.0 billion in projects

+ Ottawa’s $2.1 billion/12.5 km. LRT line started up




 BUILDING OPERATIONS NEWS + INNOVATION 


+ congratulations to BOMA Canada, 2019 National Awards winners




 CONSTRUCTION NEWS + INNOVATION 

+ Big Carl – world’s largest crane starts operations at Hinkley Point C power station in Somerset, UK; can lift 5,000 tonnes

+ new prompt payment rules impacting general contractors and subtrades

+ rebuilding Notre-Dame cathedral in Paris will be hampered; roof and spire were lead (460 tons of lead tiles) – toxic contamination from post-fire dust will pose a problem for restoration




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ Anbang Insurance Group agreed to sell its luxury hotel portfolio to Mirae Asset Management for US$5.8 billion

+ Cadillac Fairview is acquiring a 38-acre site in downtown Toronto from First Gulf et al; the scope of planned development will be $8.0 billion or more for more than 10.0 million sq. ft. of development based on the East Harbour Master Plan approved by development authorities in 2018

+ congratulations to BOMA Canada, 2019 National Awards winners




 INTERESTING TRENDS IN RETAIL 


+ Old Navy will soon be spun off by its parent Gap Inc.; they plan to expand from 1,140 stores to 2,000 stores in North America

+ Walmart opened its first freestanding health center format; 10,000 sq. ft. facility in Dallas, Georgia is called ‘Walmart Health’ – primary care, laboratory tests, X-rays, diagnostics, counseling, dental. Optical, hearing, health insurance enrolment, education, and workshops

+ Winners is expanding in Calgary; opening a 21,000 sq. ft. store in Sunridge Mall




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ... 


+ Summit Industrial Income REIT sold its interest (JV with Urbacon) in data centres in GTA and Montreal for $178.0 million




 this week in REITS 


+ Blackstone agreed to acquire Dream Global REIT for $6.2 billion

+ European Residential REIT agreed to acquire 16 buildings/315 units in the Netherlands for €63.0 million/$92.6 million

+ European Residential REIT is on the market to raise $145.0 million in equity

+ Summit Industrial Income REIT sold its interest (JV with Urbacon) in data centres in GTA and Montreal for $178.0 million

+ Summit Industrial Income REIT agreed to acquire two properties in Guelph, ON; 431,930 sq. ft. new single-tenant building for $57.0 million; also, Summit is acquiring a 50% interest in 49 acres of development land for $13.8 million and entered into a JV w/Cooper Construction Limited to develop facilities on that property

+ True North Commercial REIT closed $80.5 million equity financing


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