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

+ Bill Blais to Pres. & CEO Maclab Development Group @ Maclab Enterprises Group

+ Brad Penno to CEO @ PrimeWest Mortgage Investment Corporation

+ Chad Gaffield to Pres.-Elect @ The Royal Society of Canada

+ Dr. Padraic Carr to Pres. @ Alberta Medical Association

+ Jason Kenny, MP for Calgary Midnapore, resigned

+ Jean-Paul Adourian to CFO, Strategic Pipeline Income Fund @ Noble Energy Partners

+ Jonathan Chia to Pres. & CEO Maclab Properties Group @ Maclab Enterprises Group

+ Paul Neufeld to Project Manager @ Gensource Potash Corporation

+ Peter Brady to Exec. Dir. @ British Columbia Securities Commission

+ Will Smith to VP Real Estate, Construction and Admin. @ Holt Renfrew


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




 QUOTES

+ There’s no reason to have a plan B because it distracts from plan A. – Will Smith

+ If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much. – Jim Rohn




 KUDOS 

+ to SAIT’s 2016 recipients of Distinguished and Outstanding Alumni: Ron Tarrant, Josh Traptow, Levi Kuta, Jennifer Carlson, Lorenzo Doadeo

+ to Gerald Knowlton family – donating the 21 acre preserved railway station ‘Champion Park’ to the Town of Okotoks and MD of Foothills; and if you ever did a deal or shared a short-stack with Gerald you know how near and dear that project has been – a tribute to his parents and his home town




BOARDROOM changes, purges, appointments etc.

+ Bruce Bentley to Chair @ Maclab Enterprises Group

+ Eva Lau to Director @ Engineering.com Inc.

+ Hani Zayadi to Chairman @ OneREIT

+ Ian Hanning to CFO @ Financeit Canada Inc.

+ Mark Reid to Director @ SDX Energy Inc.

+ Michael Raynes to Director @ SDX Energy Inc.


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




 SHAREHOLDER MEETINGS

+ Sept. 27; Calgary Philharmonic Society, Annual General Meeting, Calgary

+ Oct. 5; Whistler Blackcomb Holdings Inc., Shareholder Meeting To Approve Arrangement, Vancouver

+ Oct. 14; Marquee Energy Ltd., Special Meeting of Shareholders, Calgary

+ Nov. 15; Alberta Oilsands Inc., Annual Meeting of Shareholders, Calgary

+ Dec. 7; Jasper Mining Corporation, Annual General Meeting, Calgary


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



 INFRASTRUCTURE / P3  


+ Fortis Inc. sub. got FERC approval for its acquisition of ITC Holdings Corp. [26,000 MW, 15,700 circuit miles of transmission lines] from GIC




  GLOSSARY + TERMS 

+ 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

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ G&A – general and administrative

+ 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

+ 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

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ 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 – Calgary International Airport


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FACILITYCalgary
current week data

this  site is refreshed with a new issue every Tuesday morning


updated Sept. 27, 2016




 TODAY'S HEADLINES


NEWS | crude prices up/OPEC meeting in Algeria| Deloitte says were gutless | International Pipeline Exposition starts today | Inter Pipeline closes $1.35 billion acquisition | Maclab divided | TransCanada bidding for rest of Columbia Pipeline + Pamela Hilton interview | upcoming events, appointments, oil sands/heavy oil + climate change + infrastructure + REIT NEWS + financing$ 




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 Pamela Hilton, Pres., Southern Alberta Pioneers and Their Descendants, rancher and retired travel industry entrepreneur 

Last week's conversation with Doug Cassidy, Director, Real Estate & Development Services, City of Calgary

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



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 sponsors of this week's issue:

e-mail to Sharon Martens
 
INTERIOR DESIGN



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COMMERCIAL INTERIOR CONSTRUCTION



CONTACT PIVOTAL
 
PROJECT MANAGEMENT



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



CONTACT DAWSCO
 
COFFEE SERVICES



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COMPANY HERE
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 SAVE THE DATE / upcoming events

+ Sept. 27-29; International Pipeline Exposition, TELUS Convention Centre, Calgary; info/register

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

+ Oct. 9-13; 23rd World Energy Congress, Istanbul, Turkey; info/register

+ Oct. 13; EY Prairies Entrepreneur Of The Year Gala, Calgary; register/tickets

+ Oct. 17-19; QUEST2016 Conference and Trade Show, Westin Hotel, Calgary; info/register

+ Nov. 1-2; PetroChem Canada 2016, Shaw Conference Centre, Edmonton; 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. 29 - Dec. 1;  Real Estate Forum & Global Property Market, Metro Toronto Convention Centre; info/register

2017

+ 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 
 Sept. 20 ~ 27  


+ AIMCo announced it made 4 investments on behalf of the Heritage Fund this year; $45.9 million with TransAlta Renewables, $6.5 million and $39.9 million with Calfrac Well Serivces and $6.1 million with Pine Cliff Energy – as disclosed by the Minister of Economic Development and Trade Deron Bilous in his report

+ AP Moller-Maersk is splitting its container shipping (shipping, terminal and container businesses) from its energy operations in reaction to declining oil prices and freight rates; management shakeup too …

+ Blackbird Energy Inc. got approval for its acquisition of interest in Stage Completions

+ BOMA Calgary announced they will relocate offices to downtown Calgary; new location in the Beltline will open in March/2017

+ Brookfield Infrastructure’s consortium agreed to acquire Nova Transportadora do Sudeste SA natural gas transmission utility in Brazil for US$5.2 billion

+ current energy prices – live link to current Bloomberg energy prices; prices ticking upward 3% yesterday  from a soft week, absence of OPEC consenuse (members are meeting in Algeria this week); Saudis reported willing to cut, but only if Iran does. Meanwhile Libya resuming oil shipments; Saudis see demand steady and supply slowing but it seems to me trading bumps are based on hopes more than facts until OPEC starts turning back the tap. Word that Algeria and others are talking ‘back to Jan/16 levels’ has encourage/emboldened traders … tic toc

+ Deloitte has the answers: they contend a lack of courage in business is contributing to Canada’s sluggish economy [they should walk a day in Calgarian shoes with a resume or business plan in their briefcase - they’ll quickly get a lesson in courage]; no doubt authored in an ivory tower somewhere near middle-earth … err ah …I mean Toronto; they call it ‘the future belongs to the bold’ ; I’m guessing Deloitte’s competitors are salivating at their display of hubris

+ Inter Pipeline Ltd. closed its $1.35 billion acquisition of midstream businesses of Williams Canada

+ MacLab Enterprises is dividing itself along asset types and partnering families – MacTaggart and de la Bruyere future plans; Bruce Bentley will chair boards of both new companies: Maclab Development Group and Maclab Properties Group

+ Maxim Power Corp. settled a dispute with FERC; no admission of responsibility, but US$8.0 million in payments over 3 years

+ rig counts: U.S. up for 12th week of 13 – to 418 last week vs. 418 a year ago; Canadian count up as well, to 176 a year ago, and 429 two years ago

+ Suncor Energy, in a cost cutting move, is discontinuing its oil sands staff shuttle air operations and wish shelve or sell its fleet; they’ve struck a 100-flights a week deal with WestJet

+ TransCanada Corporation bid US$848 million to buy all shares of Columbia Pipeline Partners LP it does not already own

+ U.S. 2016 election watch: Hilary Clinton and Donald Trump debated last night … tic toc 




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acceleware Ltd. is on the market to raise $2.0 million by a common share & warrants issue

+ Air Canada is on the market to raise $1.25 billion in debt

+ Bayshore Petroleum Corp. closed $300,000 equity financing

+ Canexus Corporaiton closed $110 million equity financing

+ Canaccord Genuity Group Inc. is on the market to raise $60 million in sr. sub. debt

+ Capital Power is on the market to raise $200 million by a preferred share issue

+ Cominar REIT closed $192 million equity raise

+ Cordy Oilfield Services Inc. is on the market to raise $1.25 million by a rights offering

+ Encana Corporation closed US$1.0 billion equity financing

+ Front Range Resources Ltd. closed $22 million in equity financings

+ Marriott International Inc. closed its US$13 billion takeover of Starwood Hotels & Resorts Worldwide

+ Perisson Petroleum Corporation is on the market to raise US$2.0 million

+ Point Loma Resources Ltd. is on that market to raise $1.7 million in equity

+ PRO REIT is on the market to raise $25 million in equity

+ Zaio Corporation closed $1.5 million tranche of a debt financing




 OIL SANDS AND 
HEAVY OIL NEWS 

+ Suncor Energy Inc., now that it controls a larger stake in Syncrude is pushing partner Imperial Oil (they have 25%) to co-operate on improving performance of the facilities to improve production and profitability

+ Suncor Energy, in a cost cutting move, is discontinuing its oil sands staff shuttle air operations and wish shelve or sell its fleet; they’ve struck a 100-flights a week deal with WestJet




 this week in REITS 


+ Automotive Properties REIT closed its $17.2 million acquisition of Pfaff Audi property in Vaughan, ON

+ Cominar REIT closed $192 million equity raise

+ Hani Zayadi to Chairman @ OneREIT

+ PRO REIT is on the market to raise $25 million in equity

+ PRO REIT agreed to acquire 12 properties for an aggregate purchase price of $63 million

+ Pure Multi-Family REIT LP agreed to sell its Livingston Apartments (180 units) in Plano, TX for US$34.3 million




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ Alstom unveiled its new hydrogen fuel-cell powered zero-emission passenger train; will be in commercial service by December 2107 in Europe. More expensive than diesel, will produce only steam and water …

+ Amazon, the online retailer, is committing to a 253-MW wind farm in Texas; Lincoln Clean Energy will build, own and operate the project – and Amazon will buy 90% of the power generated




INTERESTING REAL ESTATE NEWS, other places


+ Air Canada started $90 million construction of a ‘new’ Hangar 5 at Pearson airport in Mississauga

+ Carbonlea is partnering with Four Seasons Hotels and Resorts to build a ‘hotel and private residences’ project on de la Montagne Street in Montreal; $250 million project will open in 2018

+ De Beers opened its $1 billion Gahcho Kue mine, 280 km NE of Yellowknife, NT, the 5th and largest in NT

+ Facebook selected Los Lunas .. just south of Albequerque, NM for their US$1.8 billion data center; plans call for 100% clean and renewable; the 50-acre complex will open in late 2018

+ Holloway Lodging Corp. closed its $8.7 million sale of its Travelodge property in Barrie, ON

+ Manulife Real Estate launched a redevelopment program; they’ll invest $100 million to Manulife Centre in Toronto – adding 35,000 sq. ft. of retail space

+ Torstar Corporation closed its sale of its Vaughan, ON printing facility & surrounding lands for $54,250,000

+ Whistler Blackcomb Holdings Inc. and Vail Resorts Inc. got Canadian Competition Bureau ‘no action’ letter; paves the way for their ‘strategic combination




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this site last updated May 6, 2025