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)

537

Industries

Oil & Gas
Power & Utilities

Company Description

MEG Energy Corp. is oil sands company, which engages in the development and production of in situ. It also operates oil recovery projects which utilize steam-assisted gravity drainage including Christina Lake, Summont, and May River Regional Project. It offers Steam-Assisted Gravity Drainage, eMSAGP, Cogeneration, and HI-Q Field Pilot technology. 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

Secretary, Senior Vice President-Legal & General Counsel

Senior Vice President, Supply & Marketing

Senior Vice President, Strategy & Government Relations

Vice President, Operations

Vice President-Projects

Vice President, Downstream

Boards of Directors

Board of Directors

Chairman & Chief Executive Officer at Trimac Corp.

Managing Director, Energy at Warburg Pincus LLC

Professional at Occidental Petroleum Corporation

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

Managing Partner at Alignvest Management Corp.

Former Chief Financial Officer at Pengrowth Corp.

Professional at Pengrowth Energy Corp.

Professional at Seven Generations Energy Ltd.

Professional at MEG Energy Corp.

Paths to MEG Energy Corp.
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MEG Energy Corp.
Owners & Shareholders
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HCM's investment analysis and decision making processes typically involve a fundamental \"bottom up\" analysis of an issuer, the issuer's industry and market segment, competitors and competitive factors, management, cash flow and capital allocation. Investments are typically sourced, analyzed and executed on by portfolio managing directors who focus on one or more sectors, including but not limited to industrials, media and telecommunications, financial services, healthcare, real estate, consumer businesses, and energy, metals and other resources. The firm also pursues a fundamental value investment approach. HCM invests in public and private companies in domestic and international markets across a variety of industries and security types.

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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, Kopernik seeks 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. Kopernik typically invests in equity securities, with large, mid or small capitalizations, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. The firm may invest in securities of companies in developed global markets, as well as emerging and frontier markets. Kopernik's investment strategies include: Global All-Cap Equity, Global Unconstrained, Global Real Asset, and International.

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Taylor Asset Management employs a value-oriented investment process that is research-intensive and inherently risk-sensitive. The firm seeks to deliver top-quartile risk-adjusted returns over the long-term. Their portfolios are highly concentrated. Taylor Asset Management is careful to ensure that as core investments, their portfolios are well-diversified. They take a prudent approach to managing individual security and sector exposures, and continually monitor the stocks in their portfolios to ensure their ongoing suitability. Cash, foreign content and foreign currency hedging are used strategically to help manage risk.

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 Common Stock

Transaction Advisors
Underwriter

Advised onMEG Energy Corp. issued Common Stock

Underwriter

Advised onMEG Energy Corp. issued Common Stock

Underwriter

Advised onMEG Energy Corp. issued Common Stock

Manager

Advised onMEG Energy Corp. issued Common Stock

Professional

Advised onMEG Energy Corp. issued Common Stock

Manager

Advised onMEG Energy Corp. issued Common Stock

Advisors & Consultants
Legal Advisor

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

Legal Advisor

Partner, Co-Head of Corporate Department at Bennett Jones LLP

Legal Advisor

Partner, Head of Oil & Gas at Bennett Jones LLP

Key Stats and Financials As of 2018
Market Capitalization
$1.92B
Total Enterprise Value
$5.73B
Earnings Per Share
$-0.4
Revenue
$2.73B
Net Profit
$-119M
EBITDA
$562M
EBITDAMargin
20.56%
Total Debt
$3.89B
Total Equity
$3.89B
Enterprise Value Sales
2.1x
Enterprise Value EBITDAOperating
10.2x
TEVNet Income
-48.05x
Debt TEV
0.68x
Three Year Compounded Annual Growth Rate Of Revenue
12.37%
Five Year Compounded Annual Growth Rate Of Revenue
15.41%
Non-Profit Donations & Grants
Investors
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LGT Capital Partners invests actively 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 manages portfolios of direct investments in companies and indirect investments through Canadian and foreign funds. The firm invests in the capital stock of companies in the following sectors: (1) manufacturing (2) distribution and services (3) media and telecommunications (4) natural resources (5) financial services (6) energy and (7) infrastructure. They also invest in private equity and hedge funds and in senior corporate debt. Investments are diversified by industrial sector, geographic area, financial product and business maturity.

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

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. Holding Companies | Calgary, AB

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.

Competitors
Cenovus Energy, Inc. Oil & Gas - Calgary, AB

Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, 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 Deep Basin 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, antural 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.

Canadian Natural Resources Ltd. Oil & Gas - Calgary, AB

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

Baytex Energy Corp. Oil & Gas - Calgary, AB

Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the United States. Approximately 87% of Baytex's production is weighted toward crude oil. Baytex pays a monthly dividend on its common shares which are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

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