MEG Energy Corp.

MEG Energy Corp.

MEG Energy Corp.

Overview
Date Founded

2009

Headquarters

520-3rd Avenue SW,Suite 800,9th floor,Calgary, AB T2P 0R3

Type of Company

Public

Employees (Worldwide)

449

Industries

Oil & Gas
Power & Utilities

Company Description

MEG Energy Corp. engages in the production of in situ thermal oil. Its projects include Cristina Lake and Surmont.,The company was founded by William J. McCaffrey, Steve Turner, and David J. Wizinsky on March 9, 1999 and is headquartered in Calgary, Canada.

Contact Data
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Executives & Employees

President & Chief Executive Officer & Director

Chief Financial Officer

Chief Operating Officer

Senior Vice President, General Counsel & Corporate Secretary

Senior Vice President, Resource Management, Growth Properties

Vice President, Operations

Director, External Communications

Director-Investor Relations

Manager, Community Relations

Board of Directors

Co-Chairman & Member of Board at Peters & Co.

Former Chief Digital Officer & Executive Vice President-Safety at Cenovus Energy, Inc.

President & Chief Executive Officer & Director at MEG Energy Corp.

Former Chief Financial Officer at Pengrowth Corp.

Former Chairman, President & Chief Executive Officer at Valero Energy Corp.

Former Chief Operating Officer at Oilsands Quest Inc.

Co-Founder at PanWestern Energy Ltd.

Director & Chairman at Canadian Association of Petroleum Producers

Member, Board of Directors at MEG Energy Corp.

Chairman & Chief Executive Officer at Trimac Corp.

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MEG Energy Corp.
Owners & Shareholders
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Kopernik Global Investors implements global investment strategies through an active, fundamentals-based, value-oriented process. The firm seeks to identify potential investments that trade at significant discounts to their intrinsic value. For strategies that permit short positions, they seek to short securities of companies that they believe are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values. Their security selection process is driven by bottom-up fundamental research. Kopernik Global Investors typically invests in equity securities, with large, mid or small-cap, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. They may invest in securities of companies in developed global markets, as well as emerging and frontier markets.

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Ninepoint Partners utilizes a variety of methods and strategies to make investment decisions and/or recommendations to the Funds. The methods of analysis include fundamental research. The firm’s equity strategies focus on a broad range of equity investment styles, including growth, core, and value, as well as blended portfolios. Most Funds focus on specific ranges on the capitalization scale. Other Funds will focus on investment opportunities in more than one capitalization category or across all capitalization levels. In addition, Ninepoint Partners manages Funds that are global, multi-national, or focused on particular geographic regions or specific countries. The firm engages in fixed income strategies wherein they invest in debt securities issued by governments and corporations. The debt securities may have varying maturity terms, credit worthiness, interest coupon, currency denomination, and other attributes which may affect the value of the debt securities.

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Forge First Asset Management, Inc. is a Canadian private company located in Toronto, ON, with operations in Canada, that provides investment advice. The firm was founded in 2012 by Andrew Shatford McCreath, he has been the CEO since the company founding.

Recent Transactions
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Wolf Midstream, Inc. purchases MEG Energy Corp. /Midstream Ops from MEG Energy Corp.

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MEG Energy Corp. issued CAD Subscription Receipts - Bought Deal

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MEG Energy Corp. issued CAD Common Stock

Transaction Advisors
Underwriter

Advised onMEG Energy Corp. issued CAD Common Stock

Underwriter

Advised onMEG Energy Corp. issued CAD Common Stock

Underwriter

Advised onMEG Energy Corp. issued CAD Common Stock

Manager

Advised onMEG Energy Corp. issued CAD Common Stock

Professional

Advised onMEG Energy Corp. issued CAD Common Stock

Manager

Advised onMEG Energy Corp. issued CAD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Partner, Co-Head of Corporate Department & Co-Head of Mergers & Acquisitions Practice at Bennett Jones LLP

Legal Advisor

Partner at Bennett Jones LLP

Key Stats and Financials As of 2019
Market Capitalization
$1.57B
Total Enterprise Value
$3.96B
Earnings Per Share
$-0.15
EBITDAMargin
26.53%
Enterprise Value / Sales
1.38x
Enterprise Value EBITDAOperating
5.18x
TEVNet Income
-87.22x
Debt TEV
0.63x
Three Year Compounded Annual Growth Rate Of Revenue
28.19%
Five Year Compounded Annual Growth Rate Of Revenue
6.79%
Revenue
$2.88B
Net Profit
$-45.4M
EBITDA
$764M
Total Debt
$2.49B
Total Equity
$2.82B
Non-Profit Donations & Grants
Investors
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LGT Capital Partners is an active manager which invests directly and indirectly in alternative investments, seeking superior returns in different market environments globally. The firm aims at managing balanced and diversified hedge fund and private equity portfolios, picking from a vast universe of managers worldwide. Their hedge fund manager selection is bottom-up and focuses on quality in addition to quantitative considerations. Risk is controlled through diversification across a variety of styles and geographic focuses. Their private equity manager selection is bottom-up and actively reactive to market conditions, giving priority to quality over quantitative considerations. Investments are diversified across strategies, vintages, and regions, and include secondary- and co-investments.

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Azimuth specializes in investing capital for sophisticated long-term investors to finance primarily western Canadian energy opportunities, together with a reach that selectively extends to the United States, Europe and Africa. Their portfolio companies are generally private, early stage businesses that provide an opportunity for substantial growth in size and value. In addition to providing capital, Azimuth adds value to its investments through board representation and mentoring of management teams. The firm tends to be a lead and inception investor. Their investment strategy is to partner with leading management teams targeting upstream conventional and unconventional crude oil and natural gas exploration, development and acquisition opportunities.Azimuth’s innovative co-investment program enables their limited partners to participate in substantial opportunities.

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CDP Capital Private Equity seeks in companies located in Canada, the US, Europe primarily in Quebec. The firm targets companies operating in the fields of industrials, IT & telecommunications, financial, consumer products and healthcare. They provides growth stage capital requirements with an investment size of $250 CAD to $1000 CAD.

Suppliers
GLJ Petroleum Consultants Ltd. Other Business & Consulting Services | Calgary, Canada

GLJ Petroleum Consultants Ltd. provides energy resource consulting services. It offers reserves and resources, asset transactions, scoping analysis, technical studies, risk and sensitivity analysis, expert witness, technical writing, and commodity price forecasts. The company was founded by Vic Kloepfer and Gary Last in 1972 and is headquartered in Calgary, Canada.

Wolf Midstream, Inc. IT Consulting & Services | Calgary, Canada

Wolf Midstream, Inc. operates, builds and owns energy infrastructure assets. It exports products throughout the North America. The company was founded by Gordon Salahor, Bob Pritchard, David Schmunk, Warren Peers and Ken Temple and is headquartered in Calgary, Canada.

Enbridge, Inc. Alternative Energy | Calgary, Canada

Over the past 60 years, Enbridge has become a leader in the safe and reliable delivery of energy in North America and is proud to be recognized as one of the Global 100 Most Sustainable Corporations in the World. We transport energy, operating the world's longest, most sophisticated crude oil and liquids transportation system. We have a significant and growing presence in the natural gas transmission and midstream businesses, and an increasing involvement in power transmission. We generate energy, expanding our interests in renewable and green energy technologies including wind and solar energy, geothermal and hybrid fuel cells. We distribute energy, owning and operating Canada's largest natural gas distribution company, and provide distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge manages and has a 72.3 per cent overall interest in Enbridge Income Fund and a 25.5 per cent overall ownership in Enbridge Energy Partners, L.P. Enbridge’s corporate headquarters are in Calgary, Alberta and we employ about 6,900 people in Canada and the United States and are ranked as one of the Top 100 Employers to Work for in Canada, and one of Canada’s Greenest Employers. Enbridge Inc. common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

Competitors
Canadian Natural Resources Ltd. Oil & Gas - Calgary, Canada

Canadian Natural is one of the largest independent crude oil and natural gas producers in the world. The Company continually targets cost effective alternatives to develop our portfolio of projects and to deliver our defined growth plan, thereby creating value for shareholders. We have an effective and efficient, diversified combination of assets in North America, the North Sea and Offshore Africa, which enables us to generate significant value, even in challenging economic environments. Our balanced mix of natural gas, light oil, heavy oil, in situ oil sands production, oil sands mining and associated upgrading facilities, represents one of the strongest and most diverse asset portfolios of any energy producer in the world. Our financial discipline, commitment to a strong balance sheet, and capacity to internally generate cash flows provide us the means to grow our company in the long term

Cenovus Energy, Inc. Oil & Gas - Calgary, Canada

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Suncor Energy, Inc. Oil & Gas - Calgary, Canada

Suncor Energy, Inc. is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing. The company operates through the following business segments: Oil Sands; Exploration & Production; and Refining & Marketing. The Oil Sands segment refers to the operations in the Athabasca oil sands in Alberta to develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen from mining and in situ operations. The Exploration and Production segment includes offshore activity in East Coast Canada the exploration and production of crude oil and natural gas in the United Kingdom, Norway, Libya, and Syria, and exploration and production of natural gas and natural gas liquids in Western Canada. The Refining & Marketing segment is the refining of crude oil products and the distribution & marketing of these and other purchased products through retail stations located in Canada and the United State, as well as a lubricants plant located in Eastern Canada. The company was founded in 1917 and is headquartered in Calgary, Canada.

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