MEG Energy Corp.

MEG Energy Corp.

MEG Energy Corp.

Overview
Date Founded

1999

Headquarters

855-2nd Street SW,Suite 4500,Calgary, AB T2P 4K7

Type of Company

Public

Employees (Worldwide)

584

Industries

Oil & Gas

Company Description

MEG Energy Corp. engages in the development and production of situ oil sands. It focuses in southern Athabasca oil sands region of Alberta. It also develops enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods, which consists of Christina Lake Project and the Surmont Project. The company was founded by William J. McCaffrey, Steve Turner, and David J. Wizinsky on March 9, 1999 and is headquartered in Calgary, Canada.

In The News
News Bites Canadian Markets
February 21, 2018
Bearish Signals: Stocks below volume weighted price
News Bites Canadian Markets
February 20, 2018
Bullish Signals: Stocks rising on high relative strength
News Bites Canadian Markets
February 15, 2018
MEG Energy (MEG) issued new U.S. patent [9,890,337]
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer

Vice President, Legal, General Counsel & Corporate Secretary

Vice President, Investor Relations & External Communications

Vice President, Finance & Controller

Senior Vice President, Supply & Marketing

Senior Vice President, Resource Management, Growth Properties

Senior Vice President, Strategy & Government Relations

Senior Vice President, Reservoir & Geosciences

Vice President, Operations

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Board of Directors

Chairman & Chief Executive Officer at Trimac Holdings Ltd.

Managing Director at Warburg Pincus LLC

Managing Partner at Alignvest Management Corp.

Former Chief Financial Officer at Pengrowth Corp.

Co-Founder at PanWestern Energy Ltd.

Former Chief Executive Officer at Valero Energy Corp.

Former Executive Vice President, Downstream & Planning at Murphy Oil Corporation

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

Former Vice President-Natural Gas Liquids at BP America, Inc.

Member, Board of Directors at MEG Energy Corp.

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Owners & Shareholders
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Hexavest’s investment approach consists of active management at multiple decisional levels (regional allocation, country selection, sector and industry allocation, stock selection, and currency management) in order to diversify the sources of added value and reduce related portfolio risk. The primary decisions are governed by a fundamental analysis of macroeconomic factors using a top-down approach and are supported by quantitative models. Hexavest’s top-down strategies account for approximately 80% of the process while stock selection makes up the remaining 20%. Top-down strategies include region/country decisions, sector/industry decisions, and currency allocation. Top-down strategies are derived from the analysis of three broad factors: the macroeconomic environment, valuation of financial markets, and sentiment investors. This analysis is supported by proprietary quantitative models that act as validation tools. To provide their services, Hexavest generally invests in exchange-listed securities, foreign issuers, warrants, commercial paper, options contracts on securities, and futures contracts on intangibles.

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Kopernik Global Investors implements their 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 (as determined by their analysis). 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 any level of the capital structure that they believe will offer the best risk-adjusted returns. The firm may invest in securities of companies in developed global markets, as well as emerging market and frontier market issuers.

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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.

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Recent Transactions
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MEG Energy Corp. issued Subscription Receipts

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MEG Energy Corp. issued Common Stock

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MEG Energy Corp. issued Common Stock

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Transaction Advisors
Legal Advisor

Advised onMEG Energy Corp. issued Common Stock

Lead Manager

Advised onMEG Energy Corp. issued Common Stock

Lead Manager

Advised onMEG Energy Corp. issued Common Stock

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Manager

Advised onMEG Energy Corp. issued Common Stock

Professional

Advised onMEG Energy Corp. issued Common Stock

Manager

Advised onMEG Energy Corp. issued Common Stock

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Advisors & Consultants
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Legal Advisor

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

Legal Advisor

Partner, Co-Head of Capital Markets & M&A at Bennett Jones LLP

Legal Advisor

Senior Partner at Bennett Jones LLP

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Key Stats and Financials As of 2017
Market Capitalization
$1.56B
Total Enterprise Value
$5.68B
Earnings Per Share
$0.65
Revenue
$2.43B
Net Profit
$188M
EBITDA
$688M
EBITDAMargin
28.27%
Total Debt
$4.65B
Total Equity
$3.99B
Enterprise Value Sales
2.33x
Enterprise Value EBITDAOperating
8.25x
TEVNet Income
30.12x
Debt TEV
0.82x
Three Year Compounded Annual Growth Rate Of Revenue
-4.89%
Five Year Compounded Annual Growth Rate Of Revenue
18.31%
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Non-Profit Donations & Grants
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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.

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Suppliers
Entrec Corp. Shipping & Delivery | SPRUCE GROVE , AB

ENTREC specializes in the transportation (over the road and on site), loading, off-loading, setting and rigging of overweight and oversized cargo within the oil and gas, construction, petro-chemical, mining and power generation industries. The keys to our success are the experience, professionalism and capabilities of our people. Or management team, support staff and operations personnel have the experience and skills to deliver cost-effective and safe transportation solutions that match the unique needs of our diverse customer base. ENTREC is a public company trading on the TSX Venture exchange under the symbol 'ENT'.

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.

USD Partners LP Oil & Gas | Wilmington, DE

USD Partners LP engages in the acquisition, development, and operation of energy-related logistic assets. It operates through the following segments: Terminalling Services; Fleet Services; and Corporate and Other. The Terminalling Services segment offers take-or-pay contracts for crude oil terminal services. The Fleet Services segment provides rail car fleet management. The Corporate and Other segment pertains to the firm's administrative operations and financing transactions. The company was founded on June 5, 2014 and is headquartered in Houston, TX.

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Competitors
Tourmaline Oil Corp. Oil & Gas - Calgary, AB

Tourmaline Oil Corp. is a Canadian intermediate crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline commenced active operations in the fall of 2008 with the objective of building a successful Canadian intermediate crude oil and natural gas exploration, development and production company with a long-term business strategy similar to that of Duvernay Oil Corp. and Berkley Petroleum Corp., companies previously founded and managed by certain key members of Tourmaline’s senior management team. During the two-year period since commencing active operations, Tourmaline, through a series of strategic acquisitions, farm-ins and land acquisitions combined with its active capital exploration and development program, has assembled an extensive undeveloped land position with a large, multi-year drilling inventory and operating control of important natural gas processing and transportation infrastructure in two core long-term growth areas – the Alberta Deep Basin and the Greater Peace River High. Tourmaline is executing a large-scale, repeatable capital exploration and development program in these two core long-term growth areas. Tourmaline’s long-term business strategy is to increase shareholder value by building an extensive asset base over two to three core exploration and production areas and exploiting and developing these areas to increase reserves, production and cash flows at an attractive return on invested capital. The Company seeks to execute this strategy by: aggressively drilling and developing its extensive undeveloped land position; adopting and employing advanced drilling and completion techniques; enhancing returns by focusing on operational and cost efficiencies; pursuing strategic acquisitions with significant potential synergies; and wildcat exploration drilling for new pool discoveries. Management believes Tourmaline has a number of competitive advantages that management expects will help the Company successfully execute its long-term business strategy including: an extensive undeveloped land position in two long-term growth areas; a large, multi-year drilling inventory; an incentivized management team with demonstrated operating and acquisition skills; majority operating control of the Company’s core assets; a strong balance sheet; and a focus on operational efficiencies and cost containment.

Crescent Point Energy Corp. Oil & Gas - Calgary, AB

Crescent Point Energy Corp. operates an oil and gas exploration, development, and production company. It is conventional oil and gas producer with assets strategically focused in properties comprised of quality, long life, operated, light and medium oil and natural gas reserves in Western Canada and the United States. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

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, 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 and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The Refining and Marketing segment provides transportation, sale and refine services of crude oil into petroleum and chemical products. 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 on November 30, 2009 and is headquartered in Calgary, Canada.