FACILITYCalgary

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FACILITYCalgary June28/22

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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 Nair Bailey, Pres. & General Mgr. @ Bailey Professional Search

Last week's conversation with Andre Kerkovius,  renaissance man, commercial & regulatory lawyer @ Smith Mack Lamarsh

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



SHAKERS AND MOVERS 
moving, retired, resigned, died or got the boot

+ Adam Cotterall to Partner @ The Caldwell Partners International Inc.

+ Bill Rice, Chairman & CEO @ Alberta Securities Commission, retiring

+ Boris Balan to VP Europe @ Northland Power

+ Christine Cook to CFO @ The Globe and Mail

+ Craig Laurie to Managing Partner, Private Equity Group @ Brookfield Asset Management

+ Dan Daviau to Pres. & CEO @ Canaccord Genuity Group Inc.

+ Dr. Ross McKitrick to Chair, Energy, Ecology & Prosperity @ Frontier Centre for Public Policy

+ Gareth Joyce to Pres. & CEO @ Mercedes-Benz Canada

+ Geoff Roberts to Head U.S. acquisitions/divestitures, Global Energy Group @ Bank of Montreal

+ John Valentini to Exec. VP & CFO @ Fiera Capital Corporation

+ Mark Finney to VP Strategic Sales @ Bell Media

+ Marik Iannotti to Managing Dir. & Head of Securities UK & Europe @ Cannacord Genuity

+ Mark Stephenson to Pres. @ Cube Business Media Inc.

+ Mike Crawley to Exec. VP Development @ Northland Power

+ Nathalie Palladitcheff to Exec. VP & CFO @ Ivanhoé Cambridge

+ Neil Bruce to Pres. & CEO @ SNC-Lavalin

+ Neil Schappert to VP U.S. Directional Drilling @ Cathedral Energy Services Ltd.

+ Nicole Musicoo to Managing Dir., Asia-Pacific @ Ontario Teachers’ Pension Plan

+ Pamela Griffith-Jones to CEO @ Nieuport Aviation Infrastructure Partners GP

+ Peter Clermont to CFO @ Nieuport Aviation Infrastructure Partners GP

+ Rob Merrifield, Alberta’s Sr. Representative to the United States @ Government of Alberta, terminated

+ Robert Card, Pres. & CEO @ SNC-Lavalin, leaving the company

+ Roy Evans, CFO @ Marquee Energy Ltd., retired

+ Russ Goin to Exec. VP Operations @ The Cadillac Fairview Corporation Limited

+ Salvatore Iacono to Exec. VP Investments @ The Cadillac Fairview Corporation Limited

+ Sylvain Roy to Pres. & COO Canadian Div. @ Fiera Capital Corporation

+ Thomas Lui to VP & CFO @ Brookfield Residential Properties Inc.

+ Tom Cotter to Interim Chair & CEO @ Alberta Securities Commission

+ Wayne Barkauskas to Pres., Alberta Branch @ The Canadian Bar Association

+ Wei Zhao to CEO @ Caspian Energy Inc.


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




BOARDROOM changes, purges, appointments etc.

+ Aaron Regent to Director @ Potash Corporation of Saskatchewan Inc.

+ David Sobey, Director @ Empire Company Limited, retired

+ Donald Sobey, Director @ Empire Company Limited, retired

+ Gregory Howard to Trustee @ SmartREIT

+ John Lowe to Director @ TransCanada Corporation

+ Katherine Lee to Director @ Colliers International Group Inc.




 SAVE THE DATE / upcoming events

+ Sept. 15 -16; Oil Sands Trade Show, Suncor Community Leisure Centre, Fort McMurray; info/register

+ Sept. 16; Prairie Wood Solutions Fair, Edmonton Northlands, Edmonton; info/register

+ Sept. 17; Globe and Mail Leaders' Debate, Stampede Park, Calgary

+ Sept. 17; Uncorking Potential (previously the Peter Gzowski Invitational) – a non-golfing event; The Ranchmen’s Club; info/registration/tickets

+ Sept. 28-29; 10th Annual Pipeline Development & Expansion Conference, Houston; agenda - info/register

+ Sept. 30; Genscape’s 2015 Oil and Natural Gas Symposium, Houston; info/registration

+ Oct. 1; RICS launch of IPMS [International Property Measurement Standards], Fort Calgary Main Floor Barrracks, Calgary; tickets/register

+ Oct. 19; Election Day across Canada

+ Oct. 22; 2015 Small Business Week Calgary Expo and Awards, TELUS Spark; info/tickets

+ Oct. 27; Calgary Real Estate Forum, TELUS Convention Centre, Calgary; info/register

+ Oct. 27 – 30; 28th Annual Gastech Conference & Exhibition, Singapore info/registration

+ Oct. 29; 2015 Economic Developers Alberta - Ministry Dinner, Matrix Hotel, Edmonton, info/register

+ Oct. 29-30; IEDC Workforce Development Strategies, Matrix Hotel, Edmonton; info/register

+ Nov. 2-3; 23rd Annual Canadian Council for Public-Private Partnerships Conference, Sheraton Centre, Toronto; info/register

+ Nov. 25-26; Business Transitions Forum, Vancouver; info/register

+ Dec. 1; Global Property Market, Metro Toronto Convention Centre; info/register

+ Dec. 2-3; Real Estate Forum, Metro Toronto Convention Centre; info/register

+ Dec. 4; OPEC’s 168th Ordinary Meeting, Vienna, Austria info

+ Jan. 13-15/16; EPC Contract and Risk Management Conference, Houston; info/register

+ Feb. 26/2016; BUILDEX Vancouver, Vancouver Convention Center, Vancouver

+ Feb. 26/16; BUILDEX Vancouver, Vancouver Convention Center, Vancouver


+ Mar. 30 - Apr. 1/16; Congress 2016; National Privacy & Data Governance Congress, Carriage House, Calgary; info

+ Oct. 4-5/2016; CanWeld 2016, Edmonton Northlands, Edmonton


[send event notices to:  kolke@facilitycalgary.com ]



 OIL SANDS NEWS 

+ Bayshore Petroleum Corp. entered into an MOU with Athabasca bitumen producer E-T Energy Ltd. to raise capital and implement a construction and operations program to produce diesel

+ Sept. 15 -16; Oil Sands Trade Show, Suncor Community Leisure Centre, Fort McMurray; info/register


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


updated ... September 15, 2015




 TODAY'S HEADLINES


CNRL pay cuts | Crew acquisition | Harper gov’t surplus| Penn West $192.5 million asset sale | PHX layoffs | Ritchie auction + Nair Bailey interview | upcoming events & corp. meetings + climate change & infrastructure news + REIT news + this week’s financings + executive and board appointments >>>>




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 INFRASTRUCTURE / P3  


+ Infrastructure Ontario and Metrolinx issued an RFQ for the Finch West LRT project

+ Manitoba Telecom Services Inc. opened a 64,000 sq. ft./ $53 million Tier III data facility in Winnipeg




 QUOTES

+ Books serve to show a man those original thoughts of his aren’t very new after all. – Abraham Lincoln

+ What adversity strikes, that’s when you have to be the most calm. Take a step back, stay strong, stay grounded and press on. – LL Cool J




 SHAREHOLDER MEETINGS

+ Sept. 15; MILIT-AIR Inc., Bondholders Meeting, Calgary

+ Sept. 29; Deep Well Oil & Gas Inc., Edmonton

+ Sept. 29; Calgary Philharmonic Society, Annual General Meeting, Calgary

+ Oct. 14; Canadian Development Investment Corporation, Annual Public Meeting, Calgary

+ Jan 13/16; Groundstar Resources Limited, Calgary


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



 SAVE THE DATE / GOLF TOURNAMENTS

+ Sept. 17; Uncorking Potential (previously the Peter Gzowski Invitational) – a non-golfing event; The Ranchmen’s Club; info/registration/tickets

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




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NEWS SUMMARY 
 September 8 - 15 


+ ATB – daily economist’s outlook

+ Bank of Canada maintained its overnight rate target at ½ of 1%

+ Canyon Services Group Inc. acquired a private Grande Prairie area oilfield fluid hauling business for $9.5 million

+ Chrysalis Capital Advisors Inc. launched a buyout fund

+ CNRL announced 10% salary cuts across the board for its employees as an alternative to layoffs

+ Crew Energy Inc. closed $50 million sale of Lloydminster heavy oil assets

+ current energy prices – live link to Bloomberg energy prices

+ Gemini Corporation closed a $5,475,000 sale/leaseback transactions on its Ponoka fabrication facility

+ General Electric got French government approval of its US$13.5 billion takeover bid to acquire Alstom’s energy/power business

+ Harper government announced a $1.9 billion surplus for 2014-15, Canada’s first surplus since 2007-8

+ North American Frac Sand Inc. acquired North American Frac Sand (CA) Ltd.

+ Penn West Petroleum agreed to sell its Greater Mitsue Central Alberta assets for $192.5 million

+ PHX Energy Services cutting half its workforce; 500 jobs lost

+ Ritchie Bros. had its largest September auction ever in Edmonton Sept 9-11 fetched $101 million; 9,850 bidders (6,150 of them on-line)

+ Sproule Associates Limited formed a strategic alliance with Gas Processing Management Inc. 

+ Xinjua Mobile Limited acquired a controlling interest in GINSMS Inc.




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Artisan Energy Corporation closed $335,000 tranche of an equity financing

+ Aston Hill Financial Inc. closed $6.3 million equity raise

+ Brookfield Asset Management Inc. is on the market to raise $350 million in debt

+ Canadian Pacific Railway Limited is on the market to raise US$1.2 billion in debt

+ CN is on the market to raise $850 million in debt

+ Enerkem Inc. closed $152.6 million in debt

+ Maple Leaf Green World closed $300,000 common share & warrants financing




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Ceres BioSystems Limited signed an "Intent For Cooperation" agreement with Uttar Pradesh,India for  development of up to 10 facilities to convert organic waste into natural fertilizer

+ Enerkem Inc. commenced production of biomethanol from non-recyclable household garbage at its Enerkem Alberta Biofuels facility in Edmonton

+ Millennium Stimulation Services announced its Energized Natural Gas fluid solution for hydraulic fracturing; process allows a virtually complete replacement of water volumes while eliminating the need to vent gas or flare gas emissions into the atmosphere




INTERESTING REAL ESTATE NEWS, other places


+ CAPREIT closed its $170 million acquisition of 919 residential units (19 properties) in the greater Vancouver area

+ Chartwell Retirement Residences acquired three Ontario retirements residences for $170.7 million

+ Gemini Corporation closed a $5,475,000 sale/leaseback transactions on its Ponoka fabrication facility

+ Inovalis REIT, with a 50/50 JV partner agreed to acquire a 65,530 sq. ft. office property in Cologne, Germany for $34 million; going in cap rate 5.0%

+ Ivanhoé Cambridge and Callahan Capital Properties acquired PacMutual office property in Los Angeles for US$200 million

+ John Hancock Real Estate closed its US$182 million acquisition of 1750 Pennsylvania Ave. in Washington DC from Vornado REIT

+ Holloway Lodging Corp. acquired the Days Inn in Sydney, Nova Scotia out of foreclosure for $2.1 million

+ Lanesborough REIT closed $70.25 million sale off Colon Square, 428 suite apartment in Winnipeg

+ Pomeroy Lodging LP agreed to acquire Delta Lodge at Kananaskis; will invest $26 million in renovation

+ Starlight U.S. Multi-Family Core Fund and Starlight U.S. Multi-Family (No.3) Core Fund acquired a 401 unit apartment project in Atlanta, Georgia for US$65.5 million

+ The Blackstone Group agreed to acquired Strategic Hotels and Resorts for US$6 billion




 this week in REITS 


+ CAPREIT closed its $170 million acquisition of 919 residential units (19 properties) in the greater Vancouver area

+ Gregory Howard to Trustee @ SmartREIT

+ Inovalis REIT, with a 50/50 JV partner agreed to acquire a 65,530 sq. ft. office property in Cologne, Germany for $34 million; going in cap rate 5.0%

+ John Hancock Real Estate closed its US$182 million acquisition of 1750 Pennsylvania Ave. in Washington DC from Vornado REIT

+ Lanesborough REIT closed $70.25 million sale off Colon Square, 428 suite apartment in Winnipeg

+ Maplewood International REIT began a property disposition process 




  GLOSSARY 

+ AER - Alberta Energy Regulator

+BBLS – barrels

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ CAPP - Canadian Association of Petroleum Producers

+ COSIA - Canada's Oil Sands Innovation Alliance

+ CREB - Calgary Real Estate Board

+ GJ - gigajoule

+ GOA - Government of Alberta

+ IPO – Initial Public Offering

+ KW – kilowatt (one thousand watts)

+ LEED – Leadership in Energy and Environmental Design

+ MCF – thousand cubic feet

+ MCF/D – thousand cubic feet per day

+ MOU – Memorandum of Understanding

+ MW – megawatt (1 million watts)

+ NEB – National Energy Board

+ NGLs – natural gas liquids

+ P3 – Public Private Partnership

+ REIT – Real Estate Investment Trust

+ RFP – request for proposals

+ RFQ – request for qualifications

+ WTI – West Texas Intermediate


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