FACILITYCalgary

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

FACILITYCalgary May 27/25

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Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
 
This week's conversation with Doug Porozni  , President at Ronmor Developers Inc.
 
Last week's conversation with Kevin Gregor , Partner at Boyden Global Executive Search
 
 
Archived conversations 

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 SHAREHOLDER MEETINGS

 

+ Sept. 17; Deep Well Oil & Gas Inc. , Shareholder Meeting, Edmonton
+ Sept. 17; PanTerra Resource Corp. , Special Meeting of Shareholders, Calgary
+ Sept. 24; Bengal Energy Inc. , Annual Meeting, Calgary
+ Sept. 25; IFMA Calgary Chapter, Annual General Meeting, Calgary
+ Sept. 30; Shoreline Energy Corp. , Annual Meeting, Calgary
+ Sept. 30; Calgary Philharmonic Orchestra , Annual General Meeting
 
[send event notices to:  kolke@facilitycalgary.com ]

 SAVE THE DATE / upcoming events

 

+ Sept. 9; RealREIT Conference , Metro Toronto Convention Centre, Toronto
+ Sept. 29 – Oct. 3; International Pipeline Conference & Exposition, Hyatt Regency & TELUS Convention Centre, Calgary – info/registration
+ Sept. 30 – Oct. 2; 2014 Unconventional Resources Conference, BMO Centre, Calgary info/register
+ Oct. 14 – 16; Oilsands Symposium, Metropolitan Centre, Calgary info/register
+ Oct. 15; Buildex Express, Vancouver Convention Centre; info/register
+ Oct. 23; Calgary Real Estate Forum , TELUS Convention Centre, Calgary
+ Oct. 27-29; The Oil & Gas Mobility Summit Calgary; info/registration
+ Nov. 5-6; BUILDEX Calgary , BMO Centre, Stampede Park, Calgary
+ Dec. 3-4; Real Estate Forum, Metro Toronto Convention Centre; info/registration
 
[send event notices to:  kolke@facilitycalgary.com ]

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

 

+ Allan Hutton to Managing Dir. Bus. Dev. @ Manulife Asset Management
+ Andrew Kriegler to Pres. & CEO @ Investment Industry Regulatory Organization of Canada
+ Avik Dey to Head, Oil & Gas @ Canada Pension Plan Investment Board
+ Barry Holiski, COO & VP Engineering @ Detector Exploration Ltd., resigned
+ Bashar Hussien to CEO @ Vista Projects Limited
+ Bob Markle to Gen. Mgr. Drilling & Completions @ WesternZagros Resources Ltd.
+ Brent Morgan to Partner, Calgary @ Deloitte LLP
+ Carmen Fortino to Sr. VP @ Metro Inc.
+ Charles Kraus to VP, General Counsel and Corp. Secretary @ Bellatrix Exploration Ltd.
+ Charlie Lloyd to VP Sales @ MATRRIX Energy Technologies Inc.
+ Claude Joseph to Sr. Petroleum Engineer @ Casimir Capital L.P.
+ Clifford Hahne to VP BURNCO USA @ BURNCO Rock Products Ltd.
+ Dana Ursulescu to Partner, Calgary @ Deloitte LLP
+ Dave Mahowich to VP Operations @ Strata Oil & Gas Inc.
+ David Sealock, Interimed Pres. & CEO @ Sunshine Oilsands Ltd. resigned
+ Gary Visser to Partner, Calgary @ Deloitte LLP
+ Henry Chow to Partner, Calgary @ Grant Thornton LLP
+ Jamie Avey to Partner, Calgary @ Deloitte LLP
+ Janet Walker to CEO @ Canada’s History Society
+ Jean Desmarais to VP & CFO @ OneCap Investment Corporation
+ Jeff Davis to General Counsel, Sr. VP @ Ontario Teachers’ Pension Plan
+ Jennifer Teufel to Dir. Bus. Dev. @ DTZ Canada
+ Jim Prentice, elected leader @ Progressive Conservative Association of Alberta, making him Premier-elect
+ John Carlson to Head of Sproule Academy @ Sproule International Limited
+ John Doolittle to CFOR @ Open Text Corporation
+ Kevin Visser to Partner, Calgary @ Deloitte LLP
+ Kim Titus to Sr. VP @ BURNCO Rock Products Ltd.
+ Kurt Locke to Partner, Calgary @ Deloitte LLP
+ Lance Berg to VP Engineering & Operations @ WesternZagros Resources Ltd.
+ Luc Sabbatini, Pres. @ Bell Media Sales, leading at end of 2014
+ Luc Vallée to Chief Strategist @ Laurentian Bank of Canada
+ Marie Kozlowski to Partner, Calgary @ Grant Thornton LLP
+ Mark Hudson to Partner, Calgary @ Deloitte LLP
+ Michael Hibberd to Acting CEO @ Sunshine Oilsands Ltd.
+ Michael Powell to CEO @ BURNCO Rock Products Ltd.
+ Neil O’Connor to VP Ready Mix Div. @ BURNCO Rock Products Ltd.
+ Paul Robertson, Exec. VP and Pres. @ Shaw Media, died
+ Philip Fodchuk to Partner, Calgary @ Deloitte LLP
+ Pierre Setlakwe to Pres, CEO & Secretary @ OneCap Investment Corporation
+ Rakesh Ashar to Partner, Calgary @ Deloitte LLP
+ Renee Lori to Partner, Calgary @ Deloitte LLP
+ Robert Kuling to Partner, Calgary @ Deloitte LLP
+ Roland Labuhn to Partner, Calgary @ Deloitte LLP
+ Ron Visser to Partner, Calgary @ Deloitte LLP
+ Sean Crewe to Partner, Calgary @ Deloitte LLP
+ Scott Melbye to Exec. VP @ Uranium Energy Corp.
+ Shaun Alspach, Exec. VP @ Shoreline Energy Corp., left the company
+ Shauna Walsh to Partner, Calgary @ Grant Thornton LLP
+ Steven Mandziuk to Pres., Alberta Branch @ The Canadian Bar Association
+ Tim Hearn to Chair, Transition Team for Jim Prentice
+ Tom James to Sr. VP, Head of Growth and Development @ Raymond James Ltd.
+ Wayne Berger to Regional VP, Country Manager @ Regus Canada
+ Wes Lenci to Regional VP, US South @ Regus Inc.
+ Wil Fedirko to COO @ BURNCO Rock Products Ltd.
 
 [send us your appointment notices  kolke@facilitycalgary.com ]

BOARDROOM changes, purges, appointments etc.

 

+ Robb Thompson to Director @ DualEx Energy International Inc.
+ Ron Eckhardt to Lead Director @ Athabasca Oil Corporation
+ Sveinung Svarte, Pres,. & CEO @ Athabasca Oil Corporation, retiring
+ Tom Buchanan to Chairman, Pres. & CEO @ Athabasca Oil Corporation

 SUGGESTIONS / COMMENTS:
 
feedback@facilitycalgary.com

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September 9, 2014 issue
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FINANCINGS - proposed & closed

 

+ Cardinal Energy Ltd. is on the market to raise $197.5 million in equity
+ CelluFuel closed $5 million equity financing
+ Crescent Point Energy Corp. is on the market to raise $863 million in equity
+ Manulife Financial Corporation is on the market to raise $2.1 billion in equity
+ Northern Frontier Corp. closed $1.33 million overallotment of its recent equity financing
+ NuVista Energy Ltd. closed $29.4 million flow-through shares issue
+ PanTerra Resource Corp. closed $258,000 rights offering
+ Pine Cliff Energy Ltd. is on the market to raise $60,065,000 in equity
+ PRO REIT is on the market to raise $20 million in equity
+ Stratabound Minerals Corp. closed final tranche ($675,000) of its $1 million equity financing
+ Teine Energy Ltd. is on the market to raise US$350 million in sr. unsecured debt
+ Toronto Hydro Corporation is on the market to raise $200 million in sr. unsecured debt
+ Ultra Petroleum Corp. is on the market to raise US$850 million in sr. debt

INTERESTING REAL ESTATE NEWS, other places

 

+ NorthWest International Healtcare Properties REIT closed its acquisition of a German property portfolio. Last property is 58,000 sq. ft. building is in Berlin, $16.5 million
 
+ Pure Industrial REIT closed a US$67.8 million acquisition (368,134 sq. ft. ) in New Jersey
 
+ PRO REIT acquired $65.6 million portfolio (14 properties) in Quebec and Maritimes

 QUOTES

 

“Romance is dead – it was acquired in a hostile takeover by Hallmark and Disney, homegnized, and sold off piece by piece.” – Yeardley Smith
 
“Intelligence is really a kind of taste: taste in ideas.” – Susan Sontag

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 TODAY'S HEADLINES


Jim Prentice wins PC Leadership race | Conroy Ross merger | we have snow on the ground! | Manulife buying Standard Life | Suncor selling Wilson Creek assets | Encana selling rest of PrairieSky Royalty | progress on secondary suites | new Central Library design unveiled | REIT acquisitions | conversation with Doug Porozni + new financings >>>>

NEWS SUMMARY 
  Sept. 2 - 9  

 

+ ATB Financial – THE OWL … Daily Economic Comment
+ Athabasca Oil Corporation announced a $140 million increase in its 2014 CapEx Budget to $667 million
+ Bank of Canada held its benchmark overnight rate target at 1.0 %
+ Baker Hughes closed its acquisition of Weatherford’s pipeline and specialty service business
+ Calgary Public Library – new facility designs revealed; construction to be completed  in 2018
+ City of Calgary – is finally – getting its head right on secondary suites; reality of council having to deal with applications as ‘one-off’ events, push from the planning dept. (kudos to Rollin Stanley .. who knew?) in favour, low vacancy rates, push from Chamber of Commerce, Calgary Economic Development have finally, it appears, overcome NIMBY objections in long-developed communities
+ Conroy Ross Parners are merging with Optimum Talent Executive Search to provide both entities with a national scope
+ Crescent Point Energy Corp. agreed to acquired $378 million in unconventional assets in Saskatchewan and Manitoba from Lightstream Resources Ltd.
+ current energy prices: live link to Bloomberg.com commodities data ; crude up, Brent rebounded from 16-month low
+ Eagle Energy Trust closed its sale of Permian Basin assets near Midland, Texas for US$140 million
+ Enbridge’s Northern Gateway project target in-service date of 2018 now in doubt; likely to take longer as company deals with regulatory delays. So far, 26 First Nations groups have entered into equity participation agreements with Enbridge
+ Encana Corp. to sell its remaining stake (54%) of PrairieSky Royalty Ltd. to raise $2.6 billion
+ Fiera Capital Corporation acquired Propel Capital Corporation
+ FirstEnergy Capital ended its association/partnership with Societe General; FirstEnergy Capital is now 100% employee owned
+ Genivar has re-branded itself as WSP Global Inc.
+ Goldman Sachs-led project with USD Group LLC, are planning a master-limited partnership to own and operate terminals at Hardisty, Alberta, San Antonio, Texas and West Colton, California will involve 3,799 railcars
+ Gulf of Mexico spill penalties: Halliburton settled for US$1.1 billion in penalties, BP found grossly negligent, fined US$18 billion. BP under pressure to sell assets to settle its obligations
+ Harvest Operations Corp. agreed to sell its North Atlantic Refining Limited (Come By Chance, Nfld. refinery) to SilverRange Financial Partners LLC
+ insurance industry sources peg 2014 hailstorm damages as $450 million; roof coverage language in policies likely to change + premiums likely to rise
+ Keystone XL pipeline route is up in the air as Nebraska top court is hearing arguments against the proposed ‘revised route’ or no route at all … tic toc
+ Manulife Financial Corporation agreed to $4 billion takeover of Standard Life’s Canadian operations
+ NCSG Crane & Heavy Haul Corporation acquired Tucker Oilfield Hauling Ltd.
+ NorthWest International Healtcare Properties REIT closed its acquisition of a German property portfolio. Last property is 58,000 sq. ft. building is in Berlin, $16.5 million
+ Pembina Pipeline Corp.’s Oregon pipeline plan pegged at $1.15 billion capital cost
+ Petrus Resources Ltd. agreed to acquire Ravenwood Energy Corp.
+ PRO REIT acquired $65.6 million portfolio (14 properties) in Quebec and Maritimes
+ Pure Industrial REIT closed a US$67.8 million acquisition (368,134 sq. ft. ) in New Jersey
+ Stream Oil & Gas Ltd. agreed to an arrangement to merge into TransAtlantic Petroleum Ltd.
+ Suncor Energy agreed to sell its Wilson Creek assets to Tamarack Acquisition Corp. for $168.5 million
+ TriWest Capital Partners confirmed acquisition of a majority interest in Broda Group Inc.
+ U.S. Shale Solutions acquired WPW
+ Verico Axis Mortgage had its brokerage license terminated
+ Vertex Resource Group Ltd. acquired Navus Environmental Inc.
+ WSP Global Inc., backed by a $200 million investment by La Caisse de dépôt et placement du Québec agreed to acquired Parsons Brinckerhoff for US$1.35 billion from Balfour Beatty PLC; merger talks between Balfour Beatty and Carillion now stalled until March at the earliest
+ Zargon Oil & Gas Ltd. closed its disposition of Jarrow properties for $12.2 million

 INFRASTRUCTURE / P3 / GREEN


 

+ contract awarded for expansion and re-development of Cambridge Memorial Hospital ; awarded to Bondfield Construction - $187 million project
 
+ Northland Power Inc. acquired 85% equity stake in North Sea Offshore Wind Farms from RWE Innogy; Nordsee One is a 332 megawatt, EUR 1.2 billion project
 
+ BC Hydro’s Site C Dam project – RFP issues to 3 short-listed consortia to construct worker accommodation at Site C Dam site

 CHARITY GOLF TOURNAMENTS 

 

+ Sept. 18-19; 25th Annual Peter Gzowski Invitational Golf Tournament for Literacy [gala on the 18th, golf day on the 19th), The Hamptons Golf Club, info/register
 
[send us your charity golf tournament information to:  kolke@facilitycalgary.com ]

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 KUDOS

 

+ to Bentall Kennedy, ranked tops in the 2014 Global Real Estate Sustainability Benchmark (GRESB): the top firm globally (Global Leader) for the Diversified property type; top North American firm (Regional Leader) for the Diversified - Large Cap property type; the United States leader for the Diversified property type peer group, as real estate advisor for  Multi-Employer Property Trust/MEPT Edgemoor

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this site last updated May 27, 2025