FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

A recent conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Brian Cothran to COO @ Venture Global LNG Inc.

+ Brittany Ray-Wilks, Exec. VP @ Atlas Engineered Products Ltd., left the company

+ Cary List, Pres. & CEO @ FP Canada, retiring

+ Chris Jarvis, Mgr. Strategic Accounts @ United Rentals

+ Damon Murchison to Pres. & CEO @ IG Wealth Management

+ David Pfeiffer, Pres, Coast GasLink @ TC Energy, … gone

+ David Spyker to Interim Pres. & CEO @ Freehold Royalties Ltd.

+ Dayna Gibbs to COO @ Summit Industrial Income REIT

+ Dean Bolinski to Area Construction Coordinator @ Inter Pipeline

+ Deborah Orida to Sr. Managing Director & Global Head of Real Assets @ Canada Pension Plan Investment Board

+ Edwin Sass to Chief Investment Officer @ Canada Pension Plan Investment Board

+ Eric Claus to CEO @ MEC

+ Gary Davies to Pres. & CEO @ Canadian Sports Institute

+ Grady Semmens to Director, Communications & Engagement @ Alberta Health Services

+ Gregory Chrispin to Director @ Addenda Capital Inc.

+ Jack Schneider to COO @ Intermap Technologies

+ James O’Sullivan to Pres. & CEO @ IGM Financial

+ James Urquhart to Sr. VP & Chief Commercial Officer @ Keyera

+ Jeff Carney, Pres. & CEO @ IGM Financial and IG Wealth Management, retired for health reasons

+ Jeff Newman to Director of Bus. Dev. @ ECL Group of Companies

+ John O’Neill, CEO @ American Hotel Income Properties REIT LP, retiring

+ Jonathan Krol to CEO @ American Hotel Income Properties REIT LP

+ Jordan Tongalson to Director @ Intermap Technologies

+ Lance Simonin to Estimating Mgr. & Bus. Dev. @ PROZONE Ltd.

+ Lisa Reich to Director, Immigration and Mobility @ Aecon Group Inc.

+ Manish Arora to CFO @ Drone Delivery Canada Corp.

+ Manjit Minhas to Director @ Calgary Airport Authority

+ Marcus Sperber to Director @ Cadillac Fairview

+ Martin Broc to Pres. & CEO @ Sephora

+ Mat Steppan to Chief of Staff, Ministry of Energy @ Government of Alberta

+ Michael Waters to Deputy Production Gen. Mgr. @ Apache Corporation Egypt

+ Mike Ryan to Digital Network & Security Lead @ Mobia Technology Innovations Inc.

+ Paul Goranson to CEO @ encore Energy Corp.

+ Paul Lamontagne, CEO, FinDev Canada @ Export Development Canada, sacked

+ Pauline Alimchandani to CFO @ Northland Power

+ Peyman Parsi to Chief Technology Officer @ Blanc Labs Inc.

+ Rick Wilkins to VP, West Region @ Bed Bath & Beyond Inc.

+ Rory Ellis to Pres. @ Contemporary Office Interiors Ltd.

+ Sami Siddiqui to Pres., Popeyes Americas @ Restaurant Brands International Inc.

+ Sean O’Reilly to Warehouse and Project Mgr. @ HBI-Heritage Business Interiors Inc.

+ Sheldon Schroeder to Director @ Calgary Airport Authority

+ Siana Crescenzi to Sr. Advisor, Organizational Effectiveness @ Pembina Pipeline Corporation

+ Simon Akit to Managing Director and Head of Institutional Sales & Trading @ Echelon Capital Markets

+ Sonia Taylor Chrichton to Group Account Dir. @ District Ventures Accelerator

+ Susan Kudzman to Director @ Financeit Canada Inc.

+ Ted Willcocks to Pres, CEO & Director @ Triovest Inc.

+ Thomas Mullane, Pres. & CEO @ Freehold Royalties Ltd., resigned

+ Tina Mitchell to Bus. Dev. Mgr. @ KBM Commercial Floor Coverings Inc.

+ Tracy Robinson to Pres. Coastal GasLink @ TC Energy

+ Tracey Steman to AVP, Commercial Lending @ Peoples Trust Company

+ Wendy Franks to Exec. VP Strategy & Investment Management @ Northland Power

+ William Young to Chairman @ SNC-Lavalin

~

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




 MEMORIAM 

+ Ron Leopold; Calgary Stampeder and Chicago Blackhawks NHL veteran, Calgary Flames icemaker; 83




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ are we hardwired?

+ employer obligations for childcare in the time of COVID-19 – check this out!

+ tips for increasing engagement


 TECH Corner ... 

+ we’ve all become Zoom users recently, but do you know the story? Founded by Eric Yuan, it’s success has been incredible; enjoy this Walker/Dunlop webinar interview of Eric Yuan




 SAVE THE DATE / upcoming events

+ Sept. 16-17; Lloydminster Heavy Oil Show, Lloydminster, Agricultural Exhibition Association, Lloydminster; info/register

+ Sept. 17;  Alberta Museums Association, 2020 Virtual Conference; program - virtual – online access

+ Sept. 24; Calgary Chamber of Commerce – Resilient Business Awards Gala (virtual); register

+ Sept. 30-Oct. 1; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct 21; Business Transitions Forum – Western Edition, Virtual Conference – info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Oct. 28-29; BOMEX VIRTUAL 2020, 20th Annual Building Excellence Summit; Dr. Jane Goodall is keynoter;  info/register

+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration

+ Nov. 6; 6th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

~

2021

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 14-16; NeoCon, the Mart, Chicago; info

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Backwoods Energy closes power deal | Cafrac battle continues | Champion Brewers from Calgary and Turner Valley | Cervus acquisition | Husky pauses Wild Rose for a re-think | MEC sold | Schlumberger cloud-JV + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

Visit: Levvel.ca
~
E-mail: connect@levvel.ca
~
OUR SERVICES



Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



The Level - SETON, ROHIT COMMERCIAL

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Visit: https://www.incito.ca/
~
E-mail:  inspire@incito.ca

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



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PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

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Commercial Agent | Property Manager /
  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



CLICK HERE to sign up for PROPERTYlines



  South-Calgary 2nd floor Design/Office space FOR LEASE 

 123 Forge Road SE, Calgary 


~ 2nd floor office suite, elevatored

~ Suite #200, 9,268 sq. ft. / full floor

~ options; for multi-tenant:

-          3,315 sq. ft.

-          3,515 sq. ft.

~ surface parking, ~ transit nearby

~close to Glenmore Trail, Fairmont Drive and Chinook Centre

~ market rental rate

~ contact Mark Kolke, or call your agent


CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ is hydrogen a miracle future – or fantasy? A new report suggests Alberta can benefit from a $100.0 billion (yes, billion)/year opportunity; Vancouver fuel-cell companies are doing well, and Alberta might benefit too; a strong group of players is coming together to Accelerate a Hydrogen Economy in Alberta




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 15; 20th Annual Oil Sands Charity Classic, Miskanaw Golf Course, Fort McMurray; info/register

+ Sept. 17; Ronald McDonald House Alberta Charity Golf Classic, 20th Anniversary; Silvertip Golf Resort, Canmore; info/register

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ Sept. 28; 31st Annual 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, Earl Grey Golf Club, Calgary; info/register or, email info@cfcalgary.ca

~

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




 QUOTES 

+ Civilization advances by extending the number of important operations which we can perform without thinking about them. – Alfred North Whitehead

+ Optimism and pessimism can coexist. If you look hard enough you’ll see them next to each other in virtually every successful company and successful career. They seem like opposites, but they work together to keep everything in balance. – Morgan Housel




FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2020 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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http://facilitycalgary.com

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Sept. 8 ~ 15 / 2020 


+ Alberta COVID-19 stats: 254 deaths, 1,538 active cases of 15,833 cases to date: aggregate Alberta data – currently, 37 Albertans are in the hospital with COVID-19, and 7 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, re-opening Stage 3 remains delayed because of case/infection levels; school openings are causing concern as outbreaks at schools have parents and neighbours jittery … tic toc

+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board

+ a NEW monthly publication; PROPERTYlines; CLICK HERE to CHECK OUT THE SEPTEMBER ISSUE

+ another NEW publication, what is happening in residential real estate – market information, services, and trends – September issue coming soon: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list

+ Backwoods Energy Services closed the first approved Alberta Indigenous Opportunities Corporation transaction; partners are six Alberta first nations and OPTrust -acquisition of the $1.5 billion Cascade Power Plant project – 900MW natural gas-fired plant will supply 8% of Alberta’s needs into the grid

+ Calfrac Well Services Ltd. proxy battle continues; meetings of noteholders and shareholders on Sept. 17  POSTPONED to Sept. 29 will decide; the latest from Wilks Brothers, and this; latest from Calfrac … tic toc

+ Calgary area brewers win awards:  Jochen Fahr’s, Turner Valley Brauerie Fahr and Common Crown Brewing Co.

+ Cervus Equipment Corporation is expanding its 63 dealerships portfolio by adding another ‘down-under’, acquiring a John Deere dealership in Victoria, Australia from J.B. Scott Pty Ltd.

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices falling back in anticipation of OPEC+ group member instability/reneging on production limits and ongoing COVID pandemic impacts on demand ~ meanwhile U.S. Gulf Coast offshore wells and ports are being shut as hurricane-likely storms are on the way …

+ Delphi Energy Corporation got shareholder and court approval of its CCAA and CBCA Plan of Compromise and Arrangement

+ DXI Energy Inc. is changing its name to DXI Capital Corp.

+ Enbridge Inc. resumed operations of the East Segment of its Line 5 pipeline under the Straits of Mackinac in Michigan

+ Husky Energy Inc. is conducting a review of its West White Rose project – COVID-19 forced delays on construction and production at the root of their problems with the project; seeking government support … tic toc

+ MEC (formerly Mountain Equipment Co-op) is transitioning to non-coop ownership under it’s CCAA insolvency process; Kingswood Capital Management LP is acquiring substantially all assets of MEC; currently 22 stores across Canada – and Kingswood has plans to retain 17 locations

+ New Brunswick Progressive Conservatives re-elected; Premier Blaine Higgs’s minority government will have a renewed majority mandate

+ Obsidian Energy Ltd. formalized its takeover bid for Bonterra Energy Corp.

+ Optium Inc., acquired by Novacap Management Inc.

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 2 to 254 this week; Canada: steady/no change at 52 this week; full breakdown

+ Schlumberger, IBM and Red Hat formed a joint initiative to accelerate cloud-based digital transformation across the oil and gas industry




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bank of Montreal is on the market to raise $1.25 billion in debt

+ Baselode Energy Corp. is on the market to raise $1.2 million in equity by private placement

+ CIBC is on the market to raise $750.0 million in debt

+ Desert Mountain Energy Corp. is on the market to raise $9.0 million in equity by private placement

+ First Majestic Silver Corp. is on the market to raise $78.0 million in equity by private placement

+ Great-West Lifeco is on the market to raise US$1.5 billion in senior debt

+ Inversago closed $47.0 million angel-round equity financing

+ Lightspeed POS Inc. is on the market to raise US$305.0 million in equity financing

+ Morguard Corporation is on the market to raise $175.0 million in sr. unsecured debt

+ National Bank of Canada closed $500.0 million debt financing

+ Numinus Wellness Inc. closed $4.6 million equity financing

+ Pipestone Energy Corp. is on the market to raise $67.0 million by a preferred share equity raise

+ Summit Industrial Income REIT is on the market to raise $250.0 million in sr. unsecured debt

+ Voyager Digital (Canada) Ltd. closed $5.745 million equity financing by private placement

~

*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 or non-arm’s-length transactions …




 SHAREHOLDER MEETINGS

+ Sept. 16; Alimentation Couche-Tard Inc., Annual Meeting of Shareholders, (virtual only)

+ Sept. 17; Calfrac Well Services Ltd., Sr. Unsecured Noteholders Meeting, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Shareholders Meeting, Calgary POSTPONED

+ Sept. 17; Medexus Pharmaceuticals Inc., Annual General Meeting, (virtual only)

+ Sept. 17; Stuart Olson Inc., Special Meeting(s) of Security Holders, (virtual only)

+ Sept. 19; Fonds de solidarité FTQ, Annual General Meeting, (virtual only)

+ Sept. 23; Atlas Engineered Products Ltd., Annual General Meeting, Vancouver

+ Sept. 24; Calgary Chamber of Voluntary Organizations (CCVO), Annual General Meeting, (Zoom-virtual only); register

+ Sept. 28; 49 North Resources Inc., Debentureholder Meeting, Saskatoon

+ Sept. 29; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Oct. 1; Painted Pony Energy Ltd, Special Meeting of Shareholders, Calgary

+ Oct. 6; GMP Capital Inc., Annual and Special Meeting, Toronto

+ Oct. 15; Clarke Inc., Special Meeting of Shareholders, Halifax

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

~

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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ nominate someone, or nominate yourself! … entries are open for the Top 40 under 40 in Canadian Construction

+ Red Deer is getting a new courthouse; Group2 Architecture led design team, Clark Builders are the builder – completion of the Red Deer Justice Centre, 29,000 sq. m./LEED Silver project is expected spring 2023




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Precision Drilling Corporation published its 2020 Corporate Responsibility Report

+ RioCan REIT released its 2019 Sustainability Report




 INFRASTRUCTURE + P3 


+ Backwoods Energy Services closed the first approved Alberta Indigenous Opportunities Corporation transaction; partners are six Alberta first nations and OPTrust -acquisition of the $1.5 billion Cascade Power Plant project – 900MW natural gas-fired plant will supply 8% of Alberta’s needs into the grid

+ Infrastructure Ontario issued RFQ for new Grandview Children’s Centre




 INTERESTING NEWS FROM OTHER PLACES 


+ PBG Biopharma Inc. (the COLD-FX folks) completed and opened its 25,000 sq. ft. research facility in Leduc




 INTERESTING RETAIL NEWS ... 


+ Swizzlesticks Enterprises Inc. (salons and spas) made a bankruptcy filing; PwC is the trustee




 INTERESTING NEWS IN INDUSTRIAL + LOGISTICS REAL ESTATE ... 


+ AIMCo teamed with Canmoor to acquire six UK Distribution warehouses from LondonMetric Property for  £57.3 million; going in IRR at 11% - sale to close in March, 2021




 INTERESTING TRENDS IN OFFICE REAL ESTATE ... 


+ RGN-National Business Centers (dba Regus and IWG) got CCAA creditor protection; restructuring planned, KSV is monitor, and meanwhile a Chapter 11 proceeding is underway in the U.S.




 this week in REITs + TRUSTS 


+ Artis REIT has decided to spin-off  $819.3 million/42 properties retail portfolio into a separate REIT; subject to unitholder and court approval, the new entity will be called Artis Retail REIT

+ Flagship Communities REIT has filed a prospectus in support of its upcoming IPO for a newly established Ontario based open-ended REIT; initial holdings will be 45 income producing manufactured home communities (Kentucky, Indiana, Ohio & Tennessee) / 8,225 lots




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this site last updated May 6, 2025