FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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in conversation with:

Mark Kolke talls with interesting Calgary shakers and movers, about what drives them and what they see . . .  
 
This week, my conversation with Rick Andison, VP Development at Devitt & Forand Contractors Inc.
 

 
Last week's conversation with Colin Jackson, Chairman of imagiNation 150
 

Coming soon . . . 
 
- Steve Revay from Revay and Associates Limited



SHAKERS AND MOVERS

 

+ Brian Peters to CFO @ IROC Energy Services Corp., replacing Ryan Mchaluk who left the company
+ Cy Frank to CEO @ Alberta Innovates Health Solutions
+ Kevin Olson to CFO @ High Arctic Energy Services Inc.
+ Leslie Wulf, Vice Chair @ Edleun Group Inc., left the company
+ Pamela Fralick to Pres. & CEO @ Canadian Cancer Society
+ Pamela Valentine to COO @ Alberta Innovates Health Solutions
 
[send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



FINANCINGS - proposed & closed

 

+ Amarok Energy Inc. closed $18,662,874 equity financing
+ American Eagle Energy Corporation closed $16 million debt financing
+ First National Mortgage Investment Fund closed $58.1 million overallotment of its recent IPO
+ Petrox Resources Corp. is on the market to raise $7 million
+ Trez Capital Senior Mortgage Investment Corporation closed $4.15 million overallotment of its recent IPO
+ 3MV Energy Corp. closed $75,0000 flow-through equity issue



 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. 26-17; 2nd Annual Shutdowns Fort McMurray conference, Fort McMurray info/register
+ Apr. 9; Vancouver Real Estate Forum, Vancouver Convention Centre West
+ 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 ]




 QUOTES

“High achievement always takes place in the framework of high expectation.” – Charles F. Kettering


“The best things in life are unexpected – because there were no expectations.” – Eli Kharmarov




 INFRASTRUCTURE / P3 / GREEN


 

+ Alberta cabinet considering a $10 million study on shipping bitumen by rail to Delta Junction, Alaska for shipment by pipeline to Valdez Marine Terminal 
+ Alberta government considering ‘alternative financing’ for big-ticket health care projects such as Calgary’s lone awaited new Cancer Center to replace the aging Tom Baker facility



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FRESH TODAY 
 January 8 / 2013 


 

+ Bank of America agreed to pay $11.6 billion to Fannie Mae in settlement of its role in sub-prime mortgage and mortgage fraud cases relating to its Countrywide Financial subsidiary; deal involves $3.6 billion penalty, balance will be a buy-back of bad loans
+ Crew Energy Inc. announced its 2013 CapEx Budget of $219 million
+ current energy prices: live link to Bloomberg.com commodities data ; crude off on suggestions U.S. Federal Reserve will end stimulus measures in 2013 notwithstanding drop in U.S. crude supply
+ Genesis closed $32.5 million land sale to RioCan – Sage Hill Crossing regional shopping centre site
+ Lundin Peroleum AB announced its 2013 CapEx Budget of US$1.7 billion
+ HHL players and owners reached settlement to end lockout – once ratified, likely a 48 game season starts Jan. 19
+ Shell’s Kulluk rig that ran aground at Sitkalidak Island on New Year’s eve was refloated and towed to safety and anchored in Killuda Bay, Alaska
+ Western Financial Group closed its acquisition of Craig Insurance



 NEWS REVIEW 
 Jan. 2 - 7


 

+ Alaska Oil and Gas Conservation Commission issued proposed regulations for hydraulic fracturing
+ ATB Financial – Daily Economic Comment
+ Avis agreed to by Zipcar for $500 million
+ City of Calgary tax notices mailed out – assessed value topped $254 billion; most residential assessments stable with big increase in downtown commercial assessments affecting property taxes and business taxes
+ Enbridge Inc. announced it will invest $400 million to increase pumping horsepower of its Canadian Mainline
+ Enbridge Inc. announced it will invest $200 million to expand its Lakehead System
+ ExxonMobil announced they will go forward with Hebron offshore oilfied development, investing $14 billion – to come online in 2017
+ Granite Real Estate Inc. completed its conversion to REIT structure; Granite REIT Inc.
+ investment outlook for 2013 from Bill Gross of Pimco
+ Imperial Parking Corporation (Impark) closed its acquisition of City Center Parking
+ Lakeview Hotel REIT completed its conversion to a corporation, Lakeview Hotel Investment Corp.
+ oil price gap – Western Canada Select vs. WTI widening due to glut in Alberta, U.S. midwest refineries enjoying unprecedented margins
+ Pacific Rubiales Energy Corp. closed is C&C Energia Ltd. acquisition
+ Temple REIT completed its conversion to a corporation, Temple Hotels Inc.
+ Tetra Tech agreed to acquire Parkland Pipeline Contractors Ltd.
+ Thomson Reuters agreed to acquire Practical Law company
+ TransCanada Corporation’s Keystone XL Pipeline received Nebraska’s Evaluation Report on TransCanada’s revised plan; 30 day approval deadline period triggered
+ Viceroy Homes Ltd. acquired by Canada Wood Frame Solutions Ltd.
+ Wenzel Downhole Tools Ltd. agreed to with Dreco Energy Services ULC and Vector Oil Tools ULC to not appeal the arbitration award in its dispute; Wenzel to pay $18,475,683



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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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this site last updated May 6, 2025