FACILITYCalgary

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FACILITYCalgary May 30/23

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conversations:
Mark Kolke talks with interesting Calgary shakers and movers, about what drives them, about what they see . . .  
 
This week's conversation with Mike Kehoe of Fairfield Commercial
 
 
Last week's conversation with Jim Jenkinson of Owen Solutions Inc.
 

SHAKERS AND MOVERS

 

+ Al-Karim Moloo to Partner @ Butalia Raymond Cook LLP
+ Anna Lentz to CFO @ Imaging Dynamics Ltd.
+ Bob Petryk to Sr. VP Commercial Services @ EPCOR Utilities Inc.
+ Claude Gendron to Exec. VP Legal Affairs & Gen. Counsel @ Ivanhoé Cambridge
+ Doug Black to Senator for Alberta @ Senate of Canada
+ George Opocensky to VP Independent Power Producer Operations @ ATCO Power
+ Guy Bridgeman to Sr. VP Finance @ EPCOR Utilities Inc.
+ Janine McArdle to Sr. VP Gas Monetization & Pres. Kitimat LNG @  Apache Corporation
+ Jas Butalia to Partner @ Butalia Raymond Cook LLP
+ Jeff Cook to Partner @ Butalia Raymond Cook LLP
+ Jeff Langford to VP, Burner Management System @ Titan Logix Corp.
+ Jeremy Thal to VP Development & Leasing 2 Royop Development Corp.
+ John Leavitt to Partner @ BDO Canada LLP
+ Josh McDonald to VP Exploration @ Rock Energy
+ Justin Friesen to Partner @ BDO Canada LLP
+ Kathleen Wynne to Leader and Premier –designate @ Ontario Liberal Party
+ Kevin Peekser to Pres. @ Dell Canada Inc.
+ Kim Critchley to Dean & CEO @ University of Calgary – Qatar
+ Lee Malleau to VP Business & Trade Development @ Calgary Economic Development
+ Mark Wiltzen, Sr. VP & CFO @ EPCOR Utilities Inc., retiring in May
+ Patrick Malachi to Centre Manage, Garrison Green @ Regus
+ Robert Spitzer to Exec. VP Development, Kitimat Upstream Operations @ Apache Corporation
+ Robin Kelly-Gowers to Manager @ Gibs Gage Architects
+ Ron Liteplo to Sr. VP Corporate Services @ EPCOR Utilities Inc.
+ Scot Raymond to Partner @ Butalia Raymond Cook LLP
+ Scott Kober to Manager of Engineering @ Rock Energy Inc.
+ Terrence Matchett to Chief Judge @ Alberta Provincial Court
+ Timothy Sullivan to Region VP & Pres. @ Apache Canada Limited
+ Timothy Wall to Pres., Kitimat Upstream Operations @ Apache Corporation
+ Wayne Stensby to VP Project Engineering &  Construction @ ATCO Power 

[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]

FINANCINGS - proposed & closed

 

+ Agellan Commercial REIT closed $134.6 million IPO
+ Bengall Energy Ltd. closed $3.5 million debt financing
+ Connacher Oil and Gas Limited secured a $95 million credit facility
+ Crocotta Energy Inc. secured $40 million credit facility
+ Hemisphere Energy Corp. closed $56,485 financing
+ Manitok Energy Inc. closed $90 million debt and credit facility
+ Pure Industrial REIT is on the market to raise $60,600,000 in new equity
+ Southern Pacific Resource Corp. secured $45 million credit facility
+ Southern Pacific Resource Corp. closed $260 million debt financing

 SAVE THE DATE / upcoming events

 

+ Jan. 29 & 30; 9th Annual Shale Oil & Gas Symposium, Hyatt Regency, Calgary info/register
+ Jan. 29-30; CI Energy Group’s Western Aboriginal Consultation & Negotiation Conference, Crown Plaza Chateau Lacombe, Edmonton info/register
+ Feb. 13 & 14; BUILDEX, Vancouver Convention Centre, info/register
+ Feb. 19; True North Apartment REIT, Special Meeting of Unitholders, Toronto
+ Feb. 26-17; 2nd Annual Shutdowns Fort McMurray Conference, Fort McMurray info/register
+ Mar. 5; Alberta Legislature begins its spring sitting, Edmonton
+ Mar. 5; CCAT’s 3rd Annual Innovation Summit, Innovate Calgary
+ Apr. 9; Vancouver Real Estate Forum, Vancouver Convention Centre West
+ Apr. 9 & 10; Calgary – Construction Financing Course, Mark Kolke Course Leader, 11 presenters -  info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE
+ Apr. 22; PTAC Tight Oil & Gas Forum, Calgary Petroleum Club, info/register
+ May 9; Edmonton Real Estaet Forum, Edmonton Convention Centre
+ May 29; Calgary Real Estate Leasing Conference, Telus Convention Centre, Calgary
[send us your event notices to:  kolke@facilitycalgary.com ]

FEEDBACK / COMMENTS
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Mark Kolke's 2013 - Calgary office leasing market outlook

FRESH TODAY 
 January 29 / 2013 

 

+ Agrium Inc. went on offensive opposing activism of Jana Partners LLC who seek to break up the company
+ Brookfield Renewable Energy Partners LP sub. upped its takeover bid for Western Wind Energy Corp.
+ current energy prices: live link to Bloomberg.com commodities data ; crude oil futures at 19 week high
+ Enbridge Inc. launched Open Season for its 50,000 barrels/day Southern Lights diluent pipeline from Chicago to Edmonton
+ Hess Corporation engaged advisors to sell its 28 million barrel oil terminal network (19 facilities) to focus more on exploration after unsolicited offer from hedge fund Elliott Associates put the assets in play; expect to free up $1billion+ in capital
+ Huntingdon Capital Corp. (currently holding 5.4%) made bid for 45% of the units to acheive control of KEYreit
+ Ivanhoe Energy got regulatory go-forward on is Tamarack SAGD project
+ Japan eased restrictions imposed during BSE crisis; Canadian beef welcome Feb. 1
+ Moody’s Investors Service downgraded long-term ratings of six Canadian institutions by one notch, citing concerns over high levels of consumer debt and risks of a drop in housing prices - Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, and Caisse Centrale Desjardins
+ Pacific & Western Bank of Canada to float IPO, become public entity separate from parent Pacific & Western Credit Corp.
+ Royal Dutch Shell Plc and Kinder Morgan Inc. formed JV to export LNG from Georgia port
+ Taqa North laying off 50 (5%) of its 950 employees, cutting 2013 CapEx Budget from $750 million to $500 million
+ T. Boone Picken Energy Fund to be wound up
+ TransCanada Corp. considering new cross-Canada project; $5 billion program would move bitumen from Alberta to Quebec in an existing 14,000 kilometre natural gas line that could be converted to cary crude, then extended to reach refineries and tidewater in New Brunswick
+ Trican Well Service Ltd. closed its acquisition of iTEC Well Solutions


 NEWS REVIEW 
 Jan. 23 - 29

 

+ ATB Financial – Daily Economic Comment
+ Bank of Canada maintained its overnight target rate to 1.0%
+ Bellatrix Exploration Ltd. formed $300 million JV with South Korean firm drill undeveloped assets in west central Alberta
+ CO2 Solutions Inc. given $4.7 million from Harper Government for Oil Sands Carbon Capture project
+ Griffiths Energy International Inc. settled its charges of bribing foreign officials by paying a fine of $10.35 million
+ H & R REIT waging battle with KS Acquisition II LP in pursuit of Primaris Retail REIT
+ Homburg Invest Inc., still in CCAA protection, is protesting offers for portions of its debt made by Catalyst Capital Group
+ International Frontier Resources Corporation closed its acquisition of Montana mineral titles, $2.3 million for 15,200 acres
+ Keystone XL Pipeline project got approval of new route from Governor of Nebraska, TransCanada Corporation presses on for U.S. State Department approval
+ Newfoundland Capital Corporation putting its Alberta Broadcasting Division (32 radio stations, 6 repeater license and 2 TV stations) on the market For Sale
+ Nexen Inc.’s $15.1 billion takeover by CNOOC Ltd. delayed 30 days, now to close March 2nd, 2013
+ Premier Alison Redford, promising ‘tough choices’, borrowing for capital projects and no tax hikes while also predicting a $6 billion deficit for the fiscal year ending March 31
+ Pure Industrial REIT closed two transactions; $4.6 million acquisition and $8.3 million disposition
+ Strategic Group acquired United Builders Group properties 808-816 – 55 Avenue NE
+ Strategic Group acquired the Arriva Podium property in the Beltline
+ Talisman Energy announced program to reduce general and administrative expanses by 20%, layoffs pending
+ TransForce Inc. acquired control of Vitran Corporation Inc.
+ Vicwest Inc. acquired majority control of All Weather Insulated Panels

 REAL ESTATE NEWS FROM OTHER PLACES

+ Ivanhoé Cambridge and TPG JV acquired Woolgate Exchange office building in London's business district. The transaction represents an investment of £265M (Cdn$400M) for Ivanhoé Cambridge.

 INFRASTRUCTURE / P3 / GREEN


+ Alberta Infrastructure announced plans for $275 million retrofit of 300,000 sq. ft. former Federal Building in Edmonton; will house MLA offices and other uses


+  City of Edmonton and Katz Group/Edmonton Oilers reached agreement on a new downtown arena; 18,559 seats, $480 million project cost

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 QUOTES

“Being rich is having money; being wealthy is having time.” – Margaret Bonnano

“I’d like to live as a poor man with lots of money.” – Pablo Picasso

FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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