FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allan Torrie to CEO @ Discovery Air Inc.

+ Brad Kotush to Exec. VP & CFO @ Home Capital Group Inc.

+ David Sloan, Trustee @ CAP REIT, resigned

+ Dr. Qi Jiang, Chief Technology Officer @ Sunshine Oilsands Ltd., resigned

+ Ed Chwyl, Director @ U.S. Oil Sands Inc., resigned

+ Jane Pagel to Chair @ BluMetric Environmental Inc.

+ Jacqui Tam to VP University Relations @ University of Alberta

+ John Rhind to CEO @ Enform

+ Katherine Robinson to Managing Principal @ Kasian Architecture Interior Design and Planning

+ Liette Nadon to Interim CFO @ Earth Alive Clean Technologies Inc.

+ Mark Brown, Director @ U.S. Oil Sands Inc., resigned

+ Michael Warren to Pres. & CEO @ Earth Alive Clean Technologies Inc.

+ Nathan Rotman to Chief of Staff, Office of the Premier @ Government of Alberta

+ Qiping Men to CEO @ Sunshine Oilsands Ltd.

+ Rene Chabot, CFO & Chief Actuary @ iA Financial Group, retiring

+ Stockwell Day, Director @ WesternOne Inc., resigned

+ Vincent Lau to Chief Technology Officer @ Sunshine Oilsands Ltd.


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




 HUMAN RESOURCE + WORKPLACE TRENDS 

+ Tired at the office? – check out this interesting article




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

+ 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

+ FSR – floor space ratio

+ FTC – U.S. Federal Trade Commission

+ GJ – gigajoule

+ GLA – gross leasable area

+ GOA - Government of Alberta

+ GOM – Gulf of Mexico

+ GTA – greater Toronto area

+ GW - gigawatt

+ G&A – general and administrative

+ HOOP – Healthcare of Ontario Pension Plan

+ 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

+ LPG – Liquefied Propane 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

+ OPEC – Organization of Petroleum Exporting Countries

+ 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

+ RFI – request for information

+ RFP – request for proposals

+ RFQ – request for qualifications

+ RICS – Royal Institution of Chartered Surveyors

+ RNG – renewal natural gas

+ SAGD – steam assisted gravity drainage

+ SAIT – Southern Alberta Institute of Technology

+ S & P – Standard & Poors

+ sub – subsidiary

+ sub. – subordinated

+ tic toc – we’ll see …

+ TOD – transit oriented development

+ UDI – Urban Development Institute

+ WTI – West Texas Intermediate crude benchmark price

+ WTO – World Trade Organization

+ YYC – YYC Calgary International Airport




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Government of Canada established an Expert Panel on Climate Change Adaptation and Resilience Results AND a NAFTA Council on the Environment




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updated September 5, 2017




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CONVERSATIONS

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



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 sponsors of this week's issue:

e-mail Norm Landry
 
PROJECT MANAGEMENT



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



e-mail to Sharon Martens
 
ARCHITECTURE + INTERIOR DESIGN



e-mail Peter Gatzsch
 
COMMERCIAL INTERIOR CONSTRUCTION



CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



CONTACT MARK KOLKE 
RESIDENTIAL SALES



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 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
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 CHARITY + INDUSTRY GOLF TOURNAMENTS 

+ Sept. 7; Calgary Dream Centre 9th Annual Chairty Golf Classic, Heritage Pointe Golf Club, De Winton; info/register

+ Sept. 11-12; Flames Golf Classic, Country Hills and The Hamptons golf clubs; info/register


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



 SAVE THE DATE / upcoming events

+ Sept. 6; Canadian Apartment Investment Conference, Toronto Convention Centre; info/register

+ Sept. 7; Real REIT, Toronto Convention Centre; info/register

+ Sept. 7-8; 12th Annual Pipeline Development and Expansion Conference, The Houstonian Hotel, Houston; info/register

+ Sept. 12-13/2017; Oil Sands Trade Show & Conference, Suncor Community Leisure Centre, Fort McMurray; info/registration

+ Sept. 13-14; Red Deer Oil & Gas Expor, Westerner Park, Red Deer; info/book space/registration/sponsorship

+ Sept. 17-20; 2018 Gastech Exhibition & Conference, Gran Via Venue, Barcelona, Spain; info/register

+ Sept. 22; Making Treat 7's 2nd Annual Fundraiser/Gala, Mount Royal University, Calgary; info/tickets/sponsors

+ Sept. 27; BOMEX 2017 - Canada's Building Excellence Summit, Conference, Trade Show and Awards Gala; Toronto; info/register

+ Oct. 16-24/2017; World Design Summit, ‘UNESCO City of Design’, Montreal

+ Oct. 19; Calgary Immigrant Women's Association, 35th Anniversary Gala, CIVIC on Third, info/tickets, sponsorships

+ Oct. 24; The Art Of Leadership For Women, TELUS Convention Centre, Calgary; info/tickets


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



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NEWS SUMMARY 
 August 29 ~ September 5


+ Agrium Inc. agreed to acquire Southern States Cooperative (1,200 locations); terms not disclosed

+ Birchcliff Energy Ltd. closed $100.0 million sale of Worsley Charlie Lake Light Oil Pool

+ Cenovus Energy Inc. agreed to sell its Pelican Lake heavy oil project to Canadian Natural Resources Ltd. for $975.0 million

+ CIBC completed its acquisition of Geneva Advisors

+ current energy prices – live link to current Bloomberg energy prices; crude prices edging up gradually, recovering from their slump due to Houston area refineries being idle or off line. Gasoline prices have been volatile North America wide due to reduced stockpiles of refined product … tic toc

+ Enbridge Gas Distribution Inc. agreed to sell the St. Lawrence Gas Company Inc. to Liberty Utilities Co. for US$70.0 million

+ Genesis Land Development Corp. announced a sale: Limited Partnership Land Pool (2007) sold 617 acres at Delacour for $5.2 million

+ hurricane Harvey havoc harangues Houston still; cleanup has begun while flooding continues in points east into Louisiana; government officials are now projecting more than US$200.0 billion in damage which will make it the costliest disaster in history – with no end in sight for real cost of destruction/impact on the economy; oil industry and refining infrastructure is limping back on-stream with no clear picture of damages

+ MCAN Mortgage Corporation changes its name to XMC Mortgage Corporation

+ rig counts: Canada’s count down 16 to 201 this week; full breakdown




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Chorus Aviation Inc. secured $50.0 million credit facility

+ Ikkuma Resource Corp. closed $2.861,144.0 tranche of a flow through common shares financing

+ Kontrol Energy Corporation is on the market to raise $600,000.0 in equity by private placement




 QUOTES

+ It is sometimes easier to make the world a better place than to prove you have made the world a better place. – Amos Tversky

+ It often takes more courage to change one’s opinion that to stick to it. – Georg Christoph Lichtenberg




 KUDOS 

+ to David Bissett, joining with ALUS Canada to establish ‘The Bissett Action Fund’ to support environmental projects on farms and ranches in southern Alberta with his $500,000.0 donation




 CONSTRUCTION NEWS + INNOVATION 

+ article suggests Houston’s poor urban planning is the real culprit in the Hurricane Harvey disaster




 CORPORATE RESPONSIBLITY REPORTS 


+ PSP Investments (The Public Sector Pension Investment Board) released its first Responsible Investment Report




 this week in REITS 


+ BTB REIT closed $23.2 million sale of a retail property in St.-Hubert, QB

+ David Sloan, Trustee @ CAP REIT, resigned

+ Slate Retail REIT agreed to acquire North Lake Commons in Chicago for US$15.6 million




 SHAREHOLDER MEETINGS

+ Sept. 7; BIOX Corporation, Special Meeting of Shareholders, Toronto

+ Sept. 8; Paramount Resources Ltd., Special Meeting of Shareholders, Calgary

+ Sept. 8; Trilogy Energy Corp., Special Meeting of Shareholders, Calgary

+ Sept. 12; Home Capital Group Inc., Special Meeting of Shareholders, Toronto

+ Sept. 14; Empire Company Limited, Annual General Meeting, New Glasgow, NS


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



 INFRASTRUCTURE / P3  


+ Government of Canada launched a procurement program for energy services for its buildings in the National Capital Region portfolio. RFP will be issued  in 2018 for 3 short-listed bidders; RFQ closed Nov. 1/17

+ OMERS announced it will rebrand its Borealis infrastructure wing as OMERS Infrastructure Management Inc.




INTERESTING REAL ESTATE NEWS, other places


+ Edmonton City Council decided to merge operation of Edmonton Expo Centre (formerly Edmonton Northlands) and the Shaw Convention Centre to better harmonize trade show marketing

+ Firm Capital American Realty Partners Corp. completed US$4.2 million disposition of its non-core Florida residential portfolio

+ Scotiabank struck a new building naming deal with MLSE Foundation to rename the Air Canada centre in Toronto where the Maple Leafs and Raptors play; 20-yr. arrangement is naming rights and other marketing elements to promote Scotiabank and sports goes into effect July, 2018; the deal is reported to have a value of $800.0 million … that’s a lot of pucks and popcorn!




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this site last updated May 6, 2025