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)

516

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.

Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Senior Vice President, Legal & General Counsel

Vice President, Investor Relations & External Communications

Senior Vice President, Supply & Marketing

Senior Vice President, Resource Management, Growth Properties

Senior Vice President, Strategy & Government Relations

Senior Vice President, Operations, Resource & Technology Development

Vice President, Operations

Vice President, Projects

Board of Directors

Chairman & Chief Executive Officer at Trimac Holdings Ltd.

Managing Director, Energy at Warburg Pincus LLC

Former Chief Executive Officer at Valero Energy Corp.

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

Former Chief Financial Officer at Pengrowth Corp.

Managing Partner at Alignvest Management Corp.

Co-Founder at PanWestern Energy Ltd.

Managing Director at Highfields Capital Management

Member, Board of Directors at MEG Energy Corp.

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MEG Energy Corp.
Owners & Shareholders
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Highfields Capital Management employs long/short hedging and event-driven arbitrage investment strategies. The firm combines the use of top-down and bottom-up analysis to select value stocks. Highfields Capital Management 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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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.

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 Subscription Receipts

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MEG Energy Corp. issued Common Stock

Transaction Advisors
Lead Manager

Advised onMEG Energy Corp. issued Common Stock

Legal Advisor

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 2017
Market Capitalization
$2.87B
Total Enterprise Value
$5.71B
Earnings Per Share
$0.57
Revenue
$2.43B
EBITDA
$688M
EBITDAMargin
28.27%
Three Year Compounded Annual Growth Rate Of Revenue
-4.89%
Five Year Compounded Annual Growth Rate Of Revenue
18.31%
Debt TEV
0.82x
TEVNet Income
34.38x
Enterprise Value EBITDAOperating
8.29x
Enterprise Value Sales
2.34x
Total Equity
$3.96B
Total Debt
$4.68B
Net Profit
$166M
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.