FACILITYCalgary

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

FACILITYCalgary May 6/25

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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 David Wallach , Pres. @ Barclay Street Real Estate

Last week's conversation with Daryl Ronsky, Vice Pres. @ Rosen Canada

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



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

+ Andy Weiler to Assistant Deputy Minister of Apprenticeship and Student Aid @ Government of Alberta

+ Brian Kozak, Exec. VP Western Canada @ First Capital Realty, leaving the company

+ Chris Hewitt to VP Finance & Capital Markets @ Magnum Hunter Resources Corporation

+ Dr. Carl Nohr to Pres. @ Alberta Medical Association

+ Dr. Paul Arnold to Director, Mathison Centre for Mental Health Research & Education @ University of Calgary

+ Guillaume Clairet to COO @  H2O Innovation Inc. 

+ Harry Taylor to Exec. VP Finance & CFO @ WestJet Airlines Ltd.

+ Joe Shpigel to Sr. VP Development @ First Capital Realty

+ John Crichton, Pres. & CEO @ NAV Canada, retiring

+ Katie Smith to Executive Director @ Young Women in Energy

+ Ken Olson, CFO @ High Arctic Energy Services Inc., resigned

+ Kevin Johnson to Pres. @ Foremost Income Fund

+ Mark Wells to Managing Director, Public Affairs Bureau @ Government of Alberta

+ Mike Blanchet to CFO @  H2O Innovation Inc. 

+ Mike McCarthy to Sr. VP Operations @ Foremost Income Fund

+ Nathalie Pilon to Country Managing Dir. ABB Canada @ ABB Group

+ Neil Wilson to Pres. & CEO @ NAV Canada

+ Robert Vokes to Canada Managing Dir, Financial Services @ Accenture

+ Terry Metatawabin to Interim CEO @ Tsuut’ina Nation


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




BOARDROOM changes, purges, appointments etc.

+ Anthony Haines to Vice-Chair @ Ontario Energy Association

+ David McFadden to Chair @ Ontario Energy Association

+ David Sidoo to Director @ East West Petroleum Corp.

+ Eduardo Pacheco to Director @ Scotiabank

+ Gérard Coulombe @ Fonds de solidarité FTQ

+ Jean-Claude Scraire @ Fonds de solidarité FTQ

+ Lyne Bouchard to Director @ Fonds de solidarité FTQ

+ Marc Branson to Director @ Valparaiso Energy Inc.

+ Nick DeMare to CFO & Corp. Secretary @ East West Petroleum Corp.




 SAVE THE DATE / upcoming events

+ 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 ]



  GLOSSARY 

+ AER - Alberta Energy Regulator

+BBL – barrel

+ BBLS/D – barrels per day

+ BOE – barrel of oil equivalent

+ CAPP - Canadian Association of Petroleum Producers

+ CBD – Central Business District

+ 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

+ SAGD – steam assisted gravity drainage

+ sub – subsidiary

+ sub. - subordinated

+ WTI – West Texas Intermediate


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


updated ... September 29, 2015




 TODAY'S HEADLINES


Calgary taxes | COSIA news | Energy Transfer buying Williams for US$33 billion | First Capital re-org | oil patch staff cuts/many more | RioCan buying out Kimco | David Wallach 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  


+ Alberta Infrastructure confirmed and other section of Highway 63 to Fort McMurray is now twinned’ the $1.2 billion twinning project is now 70% completed

+ FortisAlberta agreed to acquire VNM Rural Electrification Association (Barrhead and Westlock County) for $16 million

+ Port Metro Vancouver's Low Level Road (2.6 km) project received the Institute for Sustainable Infrastructure (ISI) Envision sustainable infrastructure Platinum Award; first transportation project to receive ISI Envision-verified sustainable infrastructure; Stantec Consulting, Ltd. wer principal consultants. Funding came from Port Metro Vancouver, industry, CNR, TransLink, CPR and City of North Vancouver




 QUOTES

+ For life and death are one, even as the river and the sea are one. – Khalil Gibran

+ We’re not going to bet the farm on oil price growth. – Rich Kruger, CEO @ Imperial Oil Ltd.




 KUDOS 

+ to this year’s inductees in the Canadian Petroleum Hall of Fame: Gordon Jaremko, Clay Riddell and Ron Mathison


 SHAREHOLDER MEETINGS

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

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

+ Oct. 9; Amica Mature Lifestyles Inc., Annual and Special Meeting, Vancouver

+ 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 ]



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NEWS SUMMARY 
 September 22 - 29  


+ ATB Owl Report – daily economist’s outlook

+ Baytex Energy Corp. laid off 32 staff

+ Boulevard Industrial REIT and ProREIT got security-holder and court approval for their combination; will operate as ProREIT

+ Calgary city council approved a 3.5% property tax increase for 2016

+ CBC announced it is looking at selling all of its buildings, coast to coast, to strengthen its balance sheet

+ Cenovus Energy Inc. announced it is further reducing its workforce by 24%; 540 more jobs will go

+ ConocoPhillips is negotiating deals to sell assets to various buyers; properties being sold represent 20% of the company’s Canadian assets

+ COSIA (Canadian Oil Sands Innovation Alliance) launching a new initiative to tackle CO2 emissions today … stay tuned

+ current energy prices – live link to Bloomberg energy prices ; crude glut easing in North America, prices still soft but approaching US$45/bbl; natural gas prices up from 5-month low

+ Energy Transfer Equity agreed to acquire Williams Companies for US$33 billion

+ First Capital Realty announced a reorganization; 85 employees terminated, 25 new positions created; overall, a 13% staff reduction ... tic toc …

+ FortisAlberta agreed to acquire VNM Rural Electrification Association (Barrhead and Westlock County) for $16 million

+ Halliburton Co. announced it will cut another 2,000 jobs this year, mostly in North America, in addition to 16,000 jobs cut globally over the last year

+ Halliburton Company and Baker Hughes Inc., planning more divestitures in advance of their upcoming merger

+ Pengrowth Energy Corp. cut its 2015 CapEx Budget by $200 million and reduced staff 30%

+ RioCan REIT agreed to acquire Kimco Realty Corp.’s interest in 22 Canadian properties for $715 million; RioCan and Kimco agreed to unwind their Canadian joint-venture, a 35 property portfolio

+ Royal Dutch Sell abandoned its 9-yr. Alaskan-offshore drilling activities; reportedly US$7 billion in sunk money

+ Sanchez Energy Corporation agreed to divest US$345 million in Eagle Ford Shale pipeline assets to Sanchez Production Partners LP

+ Sea Dragon Energy Inc. got shareholder and court approval for its combination/takeover of Madison PetroGas Ltd.

+ Terra Energy Corp. agreed to sell a portfolio of non-core assets for $10.615 million

+ TransCanada Corp. announced plans to reduce 20% of its senior leadership positions; on top of 185 head office job cuts in June

+ Trez Capital Senior Mortgage Investment Corporation formed a board committee to consider strategic alternatives to enhance shareholder value

+ Trez Capital Mortgage Investment Corporation formed a board committee to consider strategic alternatives to enhance shareholder value

+ Vicwest Inc. announced a new manufacturing facility for Edmonton; opens Q1 2016




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Bell Canada is on the market to raise $1 billion in debt

+ Blacksteel Energy Inc. closed $1,109,400 tranche of its debt financing

+ Brookfield Asset Management Inc. is on the market to raise $250 million in a preferred share issue

+ Divestco Inc. is on the market to raise $3.2 million in debt

+ Firm Capital Property Trust closed $11 million equity raise

+ Renaissance Oil Corp. is on the market in a $10 million equity raise

+ Robix Alternative Fuels Inc. is on the market to raise $500,000 in equity

+ Royal Bank of Canada is on the market to raise $150 million in a preferred share issue

+ Sun Life Financial Inc. closed $500 million in unsecured sub. debt financing

+ Synodon Inc. closed $2.94 million rights offering

+ Toronto-Dominion Bank is on the market to raise $1 billion in subordinated debt




 CLIMATE CHANGE / LEED / RENEWABLE ENERGY  

+ COSIA (Canadian Oil Sands Innovation Alliance) launching a new initiative to tackle CO2 emissions today … stay tuned

+ Cumulative Environmental Management Association (CEMA) is running of funds; it’s annual budget was covered by industry after a June decision of the Alberta Government … tic toc …




INTERESTING REAL ESTATE NEWS, other places


+ CBC announced it is looking at selling all of its buildings, coast to coast, to strengthen its balance sheet

+ Manulife (International) Limited completed its acquisition of Manulife Tower in Hong Kong from Wheelock Properties; 500,000 sq. ft./21-storey building in Kowloon CBD

+ Milestone Apartments REIT closed US$45 million acquisition of Broadstone Vista Ridge in Dallal; 372 unites

+ Prudential Real Estate Investors acquired Gramercy West and Gramercy Central – 207 unit, two building portfolio in Manhattan for US$123 million from Broad Street Dev. & Crow Holdings JV




 this week in REITS 


+ Boulevard Industrial REIT and ProREIT got security-holder and court approval for their combination; will operate as ProREIT

+ Firm Capital Property Trust closed $11 million equity raise

+ Milestone Apartments REIT closed US$45 million acquisition of Broadstone Vista Ridge in Dallal; 372 units

+ RioCan REIT agreed to acquire Kimco Realty Corp.’s interest in 22 Canadian properties for $715 million; RioCan and Kimco agreed to unwind their Canadian joint-venture, a 35 property portfolio




 OIL SANDS NEWS 

+ COSIA (Canadian Oil Sands Innovation Alliance) launching a new initiative to tackle CO2 emissions today … stay tuned

+ Sunshine Oilsands Ltd. started steam injection at its West Ells SAGC project in the Athabasca region; oil project to commence in Q4 - 2015




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this site last updated May 6, 2025