FACILITYCalgary

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

FACILITYCalgary May 6/25

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In conversation with . . .  

Interviews with interesting Calgarians who shake and move ...
 
This week, my conversation with Joe Lougheed of Fraser Milner Casgrain LLP.
 

 
Last week's conversation with Mike Tims of Peters & Co.



SHAKERS AND MOVERS

 

+ Caroline Popilchak to VP Programming and Content @ Shaw Communication Inc.
+ Chethan Lakshman to VP Public Relations and Corp. Communications @ Shaw Communications Inc.
+ Debra Fouber to Director, Compliance and Registrant Regulation @ Ontario Securities Commission
+ Don Althoff to Pres. & CEO @ Veresen Inc.
+ Eleanor Farrell to Director, Office of the Investor @ Ontario Securities Commission
+ Ferio Publiese to Pres. @ WestJet Encore & Exec. VP @ WestJet
+ Gary Mundy to Partner @ GEC Architecture
+ Harold Goss to Director, Corporate Services @ Ontario Securities Commission
+ Hilary Foulkes, Exec. VP & COO @ Penn West Petroleum Ltd., left the company
+ Huston Loke to Director, Corporate Finance @ Ontario Securities Commission
+ Ian Cullwick to VP HR Research @ The Conference Board of Canada
+ James Burns, VP Corp. Planning @ Penn West Petroleum Ltd., left the company
+ Jeff Scobie to Partner, Calgary @ Bennett Jones
+ Jill Homenuk to Director, Communications and Public Affairs @ Ontario Securities Commission
+ John Dielwart, CEO @ ARC Resources Ltd., retiring Jan. 1
+ Katherine Emberly to VP Marketing @ Shaw Communications Inc.
+ Kirk Look to CFO @ Oncolytics Biotech Inc.
+ Kirsten Evenden, Pres. & CEO @ Glenbow Museum, resigned
+ Leslie Velner to CEO @ True North Apartment REIT
+ Myron Stadnyk, Pres. & COO @ ARC Resources Ltd., to Pres. & CEO Jan. 1
+ Paulo Maia to Pres. & CEO @ HSBC Bank Canada, replacing Lindsay Gordon who is retiring
+ Peter Osborne to Partner @ GEC Architecture
+ Randy Ferguson to COO @ Strategic Group
+ Rick George to Chairman @ Osum Oil Sands Corp.
+ Robert Catell to Chair @ Keyera Corp, replacing the late Peter Lougheed
+ Robert Dutton, CEO @ RON, resigned
+ Sanae Takahashi to VP Product Marketing @ Shaw Communication Inc.
+ Scott Riddell to VP Bus. Dev. @ Raise Production Inc.
+ Steve Medicoff to VP Sales, Shaw Business @ Shaw Communications Inc.
+ Steven Kroeker to VP & CFO @ Keyera Corp.
+ Thane Jensen, Sr. VP Operations Engineering @ Penn West Petroleum Ltd., left the company
+ Wendy Henkelman, VP Tresurye @ Penn West Petroleum Ltd., left the company
 
 [send us your firm’s appointment notices to: kolke@facilitycalgary.com ]



FINANCINGS - proposed & closed

 

+ Algonquin Power & Utilities Corp. closed $120 million preferred share issue
+ Artek Exploration Ltd. closed $25,004,100 equity financing
+ Athabasca Oil Corporation closed $550 million in sr. secured sub. debt
+ Birch Lake Energy Inc. is on the market to raise $2 million in new equity
+ Caiterra Intl Energy Corp. closed $700,000 equity issue
+ CN is on the market to raise US$500 million in new debt offering
+ LGX Oil & Gas Inc. closed $47,572,400 equity financing
+ Montana Exploration Corp. is on the market to raise $4.5 million in share & rights offering
+ Retrocom Mid-Market REIT closed $44,506,000 equity financing
+ Solara Exploration Ltd. is on the market to raise $8 million in new equity
+ WesCan Energy Corp. is on the market to raise $750,000 in new equity



 SAVE THE DATE / upcoming events

 

+ Nov. 14;H2O Innovation Inc., Annual General Meeting, Quebec City
+ Nov. 15; WHYWHISPER Gala, YWCA of Calgary, TELUS Convention Centre info/tickets
+ Nov. 26 & 27; POWER IN PARTNERSHIP, 29th Annual CCPPP National Conference and Awards, Toronto info/register
+ Nov. 26-28; 23rd Annual AIPMAC Conference, Hyatt Regency, Calgary info/register
+ Nov. 28; SustainaBUILD Vancouver, Hyatt Regency, Vancouver info/register
+ Nov. 28-29; 11th Annual Oil Sands Symposium, Fairmont Palliser, Calgary info/register
+ Dec. 12; OPEC, 162nd Ordinary OPEC Meeting, Vienna info/register
+ Jan. 29 & 30; 9th Annual Shale Oil & Gas Symposium, Hyatt Regency, Calgary info/register
+ Feb. 13 & 14; BUILDEX, Vancouver Convention Centre, info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE

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


FRESH ITEMS TODAY 
 November 13 / 2012 


 

+ Bank of Canada to release its Autumn Issue, Bank of Canada Review  Nov. 15th
+ Canada to update budget forecasts today, behind schedule of deficit reduction – including contingency plans in event of U.S. fiscal disaster
+ current energy prices: live link to Bloomberg.com commodities data ; crude slips on rising U.S. supply
+ Greeks voting on bailout extension that will add 32.6 billion euros to its bailout
+ International Energy Agency forecasts North America to be net energy exporter by 2030 based on soaring Bakken and Eagle Ford production in the U.S.
+ Marquee Energy Ltd. agreed to sell Willesgreen oil and gas assets for $21 million
+ REALpac and FPL Advisory Group issued their 4th quarter 2012 assessment of the Canadian Commercial Real Estate Market
+ RONA rumoured to be subject of takeover bid from Lowe’s
+ Seadrill Ltd. awarded 5. yr. contract valued at $1.18 billion from Husky Oil Operations Limited for West Mira semi-submersible rig for use in Canada and Greenland



 NEWS REVIEW 
 Nov. 7 - 12 


 

+ Allstar Energy Limited closed a $24.1 million sale of Kindersley Viking assets
+ Birch Lake Energy Inc. and Veraz Petroleum Ltd. agreed to combine; to operate as Birch Lake
+ Calgary Parking Authority battle with ex-executives over patent rights to ParkPlus system being litigated; $42 million lawsuit filed
+ Calgary Transit rider-ship is up, surplus funds help City budget
+ City of Calgary 2013 budget tabled for debate, set to meet targeted increase of 5.7%
+ Enbridge Inc. to construct Heidelberg 34 mile lateral pipeline
+ EnCana Oil & Gas entered JV with Nucor Corp. to develop 20 yr. supply of natural gas for steel making plan in Louisiana
+ ERCB published a report estimating Alberta’s shale resource to be 423.6 billion barrels of oil, 3,424 trillion cubic feet of natural gas, and 58.6 billion barrels of natural gas liquids
+ Firm Capital Property Trust agreed to acquire four retail properties from Calloway REIT for $27 million
+ Fraser Milner Casgrain LLP in deal to merge with SNR Denton and Salans .. vote pending, merger to close in 2013
+ Genalta Power Inc. to construct its second 13.5MW clear fuel to electricity project for Pengrowth Energy Corporation
+ Glencore International plc’s takeover of Viterra Inc. moving ahead, hinges only on Chinese government approval
+ Gulf Oil of India agreed to acquire Houghton International for $1 billion
+ Hyduke Energy Services Inc. struck board committee and engaged advisors for strategic review and to solicit offers for the company
+ Leon’s Furniture Ltd. agreed to acquire The Brick Ltd. for $700 million
+ LGX Oil + Gas Inc. closed its $42.5 million Manyberries area light oil assets acquisition
+ Mayor Naheed Nenshi announced he will run for re-election in October 2013
+ Montana Exploration Corp. secured a strategic partner to aid with restructuring
+ OPEC’s World Oil Outlook predicts primary energy demand to jump 54% between 2010-2035, predicts shale gas has large potential
+ Pembina Pipeline Corporation to invest $545 million to expand its NGL, crude and condensate pipeline capacity in Peace and Northern Pipeline systems by 108,000 barrels/day
+ Penn West Petroleum Ltd. restructured its senior management, in midst of selling $1.3 billion in assets to reduce debt
+ Peyto Exploration & Development corp. announced is 2013 CapEx Budget of $450 million
+ post-U.S. election issue of financial cliff overshadowing financial markets – read PIMCO’s take on the near future ~~~
+ Terra Energy Corp. is moving ahead with the immediate sale of $80 million in asset sales to pay down debt
+ TransCanada Corporation completed its 111Megawatt Gros-Morne wind farm project, hooked up to Quebec power grid
+ North West Redwater Partnership’s $5.7 billion bitumen upgrading facility to begin construction spring 2013; will refine bitumen for provincial royalty recovery and for CNRL to produce diesel
+ U.S. oil & gas merger activity in 3rd quarter totaled $31.4 billion
+ U.S. elections did not result in any change in government control; Obama re-elected president, Republicans remain in control of the house, Democrats in control of the Senate



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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 INFRASTRUCTURE / P3 / GREEN


 

+ Calgary’s $1.5 billion west LRT line re-scheduled to open on its original target date Dec. 10th, on time and $35 million over budget
+ Caisse de dépôt et placement du Québec invested AU$40.5 million in the SU$1.2 billion Victorian Comprehensive Cancer Centre Project in Melbourne, Australia 
+ Confederation Way interchange ($180 million project) in Fort McMurray opened to use, joint provincial/federal government project
+ Airport Trail transformation to major NE corridor by 2039 projected to cost $322 million according to a new city report – multi year options to connect to $294.8 million tunnel under new airport runway
+ Calberat Board of Education and Province supporting a National Sports School facility to support elite athletes, $9 million budget



 QUOTES

 

“Stress is when you wake up screaming and you realize you haven’t fallen asleep yet.” - unknown
 
“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn.” – Alvin Toffler

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this site last updated May 6, 2025