FACILITYCalgary

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

FACILITYCalgary May 27/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Amber Johnson, CFO @ Cordy Oilfield Services Inc., resigned

+ Barry Morishita to Leader @ Alberta Party

+ Bianca Kratt to President, Alberta Branch @ The Canadian Bar Association

+ Brian Cameron to CFO @ AREV Nano Tec Brands Inc.

+ Brian Temins to Managing Partner @ Minden Gross LLP

+ Charlie Fehr to Team Lead, H&S – Capital Operations @ ARC Resources Ltd.

+ Colby Fackler, COO @ Vitality Products Inc., resigned

+ Colin Gruending to Exec. VP & President, Liquids Pipelines @ Enbridge Inc.

+ Liam Cummings to Managing Director @ Banbury Crossroads School

+ Michael Denham to Vice-Chairman, Commercial Banking and Financial Markets @ National Bank

+ Norman Steinberg to Director @ ATCO Ltd.

+ Paul Dowdall to CFO @ XTIM Inc.

+ Robert Hanf to Director @ Canadian Utilities Limited

+ Scott Patterson to Centre Manager, Carma House @ Wellspring Calgary

+ Terry Meek to Pres. & CEO @ Sleeping Giant Capital

+ Vern Yu to Exec. VP & CFOR @ Enbridge Inc.

~ Note: links in this section are to LinkedIn profiles where available, and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ businesses are struggling to find skilled talent

+ culture at work - women lag behind men in sense of belonging; survey results

+ hybrid working increased productivity but adds pressures – for workers and leaders; Adecco Group white paper on resetting normal

+ mandatory vax policies coming; check out KPMG’s and others

+ mental health-pandemic – prepare for what is coming




CONVERSATIONS

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



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 SHAREHOLDER MEETINGS

+ Sept. 9; Empire Company Limited, Annual General Meeting, virtual-only

+ Sept. 9; Firm Capital Property Trust, Annual and Special Meeting of Unitholders, Toronto and virtual

+ Sept. 20; Clarke Inc., Debentureholder Meeting, Halifax

+ Sept. 20; Federal Election across Canada; https://www.elections.ca

+ Sept. 21; TIMIA Capital Corporation, Annual General and Special Meeting, Vancouver

+ Sept. 23; Calgary Council of Voluntary Organizations, virtual-only

+ Sept. 27; Theatre Calgary Society and Theatre Calgary Endowment Foundation, Annual General Meeting of Members, virtual-only

+ Sept. 28; PSP Investments, Annual Public Meeting 2021, virtual-only

+ Sept. 30; Friends of Confederation Creek, Annual General Meeting; zoom-only link

+ Oct. 5;  Equitable Group Inc., Special Meeting of Shareholders, virtual-only

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

+ Sept. 8; Hol ‘n Fun Charity Golf Tournament in support of Calgary Police Youth Foundation; information/register

+ Sept. 9; Kerby Centre Charity Classic, Carmoney Golf Club, Calgary; info/registration

+ Sept. 13; 65 Roses Ladies Golf Classic, Earl Grey Golf Club, Calgary; info; registration golfers/teams

+ Sept. 15; MNP Charity Golf Classic in support of Kids Cancer Care, Bearspaw Golf Club, Calgary; info/sponsor/register

+ Sept. 22; CAOEC Golf Tournament, Elbow Springs Golf Club, Calgary; info/sponsor - register

+ September 27; Calgary Academy 40th Celebration Golf Tournament, Bearspaw Golf Club; info/register

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada’s approach – NRC is proposing two new carbon capture hubs; CCUS will be built, they hope, by private sector players incentivized by government tax credits that will in turn be funded by Canadians paying their carbon-taxes; serious approach or election campaign tactic? … tic toc 




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 QUOTES 

+ Your personal experiences make up 0.000000001% of what happened in the world but maybe 80% of how you think the world works. We’re all biased to our own personal history. – Morgan House

+ People first – concern for long-term organizational and community health and producing products and services that matter – is far and away the most effective bottom-line business practice there is. – Tom Peters




 INFRASTRUCTURE + P3 

+ Calgary’s newest cemetery – Prairie Sky – opened in in Ralph Klein Park

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




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Your Vote Matters! 

a Virtual Mayoral Forum hosted by Kerby Centre and THIRD ACTion Film Festival


STREAMING ON OCTOBER 1st - Mayoral Candidates (3 minutes each) will address issues affecting older Calgarians - save the date, book your free ticket - streaming at NOON, October 1st



 Sponsors of this week's issue:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 Aug, 31 ~ Sept. 7 / 2021 


+ Accenture acquired Gevity; terms not disclosed

+ Brookfield Infrastucture’s acquisition of Inter Pipeline Ltd. seems assured

+ Calgary Council races; City of Calgary 2021 elections; now there are 27  candidates running for mayor: Ian Chaing, Jan Damery,  Jeromy Farkas, Brad Field, Emile Gabriel, Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak, Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley, Grant Prior, Jeff Davidson, David oZone Clark., Paul Michael Hallelujah, Mizanur Rahman, Zaheed Khan, Will Visor, Corey Lanterman, Geoff Rainey, Virginia Stone, James Desautels, Stan the Man Waciak and 100 candidates have filed nomination papers for the council’s 14 Ward seats  - and now Kent Hehr has announced he’ll run for Mayor too – which takes the total to 28

+ Canada Life Assurance Company completed its acquisition of ClaimSecure Inc.

+ Canadian Pacific Railway is smiling again; the Kansas City Southern re-starting of talks after regulators rejection of the CN’s bid/voting trust structure; CP has not indicated it will raise its US$27.0 billion offer … tic toc

+ COVID-19 in Alberta current stats [ 13,495 active cases – 10,574 are variant cases]– new cases ticking up, 4th wave concerns are growing …. ; 3rd shots/boosters for elderly and vulnerable are coming, Premier Kenney returned from his mystery-vacation to re-order mask-wearing in public spaces and offering $100/person bribe to the unvaccinated …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices recovering as OPEC+ solidarity returns notwithstanding wavering demand and uncertain re-start recovery of GOM production after hurricane Ida bodes well for price buoyancy in September

+ Enbridge Inc. confirmed an Oct. 3rd target for increasing capacity to 620,000 bpd for its Line 3

+ Enbridge Inc. agreed to acquire Moda Midstream Operating LLC for US$3.0 billion

+ GOA now projecting a lower deficit than planned; $7.8 billion vs. a projected $20.0 billion deficit sounds like a good thing, or is it really?

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  –  July issue, archived issues … our August report will be published later this week

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE August issue;  archived PROPERTYlines Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: down 11 to 497 this week; Canada: up 5 to 152 this week; full breakdown and international rig counts

+ Spartan Delta Corp. closed its acquisition of Velvet Energy Ltd.

+ THIRD ACTion Film Festival is running, in conjunction with RaffleBox – a 50/50 fundraiser – click here to participate – help us raise funds!

+ Wishpond Technologies Ltd. acquired Brax.io




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Advantage Energy Ltd. is on the market to raise $150.0 million in equity

+ Avanti Energy Inc. is on the market to raise $.15 million in equity by private placement

+ Baylin Technologies Inc. closed $10.0 million tranche of a new private placement financing

+ Bird Construction Inc. secured $235.0 million credit facility

+ CU Inc. is on the market to raise $460.0 million debt financing

+ Firm Capital Mortgage closed $40.0 million convertible debt financing

+ First Cobalt Corp. closed US$45.0 million sr. secured debt raise

+ Innergex Renewable Energy Inc. closed $201.25 million equity raise

+ Innergex Renewable Energy Inc. closed $50.0 million equity raise by private placement

+ Kane Biotech Inc. secured $3.5 million credit facility

+ Medivolve Inc. is on the market to raise $1.2 million in convertible debt

+ Minerva Intelligence Inc. is on the market to raise $5.0 million in equity by private placement

+ Petro-Victory Energy Corp. closed US$5.0 million secured debt financing

+ Virginia Energy Resources Inc. closed $1.3 million equity raise by private placement

+ VitalHub Corp. secured $10.0 million credit facility

*editor’s note: names companies involved in arm’s length debt and equity 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 …




 SAVE THE DATE / upcoming events

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 15-16; Oil Sands Conference & Trade Show, Fort McMurray; program -  info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

+ Sept. 22-23; Canadian Apartment Investment Conference, online/virtual – info/registration

+ Sept. 28-29; RealREIT 2021 – REIT Conference, online/virtual – info/registration

+ Sept. 30-Oct. 3; Calgary Fall Home Show, Stampede Park, Calgary, info/book a booth

+ Oct. 4-6 [REVISED DATE]; NeoCon, the Mart, Chicago; info/register

+ Oct. 20 -21; Calgary Real Estate Forum, virtual format; agenda/register

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; info/register

+ Nov. 5; 7th Annual Peter Burgener Charity Concert for Classrooms with Barney Bentall and the Cariboo Express, Bella Concert Hall, Mount Royal University; GET TICKETS

+ Nov. 9-10; ISA, Calgary Show – Expo & Conference, Telus Convention Centre, Calgary; save the date / submit a paper (deadline is June 7) / conference brochure/register

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

+ Apr. 6-8; Economic Developers of Alberta – EDA Experience 2022, Pomery Kananaskis Moutain Lodge, Kananaskis; info/partner/call for presenters

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




 CONSTRUCTION NEWS + BUILDING SERVICES INNOVATIONS 

+ architecture & design film festival – hybrid format

+ Green Line LRT – check out their update website/progress




 INTERESTING TRENDS IN RETAIL  ... 

+ Hudson’s Bay Co. is downsizing it’s 108-yr old downtown Calgary store from four floors to three;

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 27, 2025