MEG Energy Corp.

MEG Energy Corp.

MEG Energy Corp.

Overview
Date Founded

1999

Headquarters

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

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

Vice President, Legal & General Counsel & Corporate Secretary

Vice President-Investor Relations & External Communications

Senior Vice President, Supply & Marketing

Senior Vice President, Resource Management, Growth Properties

Senior Vice President, Strategy & Government Relations

Vice President-Reservoir & Production

Vice President, Operations

Vice President, Projects

Board of Directors

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

Paths to MEG Energy Corp.
Potential Connections via
Relationship Science
You
MEG Energy Corp.
Owners & Shareholders
Details Hidden

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.

Details Hidden

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.

Details Hidden

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
Details Hidden

Husky Energy, Inc. purchases MEG Energy Corp.

Details Hidden

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

Details Hidden

MEG Energy Corp. issued Subscription Receipts

Transaction Advisors
Legal Advisor

Advised onMEG Energy Corp. issued Common Stock

Lead Manager

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
$2.97B
Total Enterprise Value
$5.71B
Earnings Per Share
$0.57
Revenue
$2.43B
Net Profit
$166M
EBITDA
$688M
EBITDAMargin
28.27%
Total Debt
$4.68B
Total Equity
$3.96B
Enterprise Value Sales
2.34x
Enterprise Value EBITDAOperating
8.29x
TEVNet Income
34.38x
Debt TEV
0.82x
Three Year Compounded Annual Growth Rate Of Revenue
-4.89%
Five Year Compounded Annual Growth Rate Of Revenue
18.31%
Non-Profit Donations & Grants
Investors
Details Hidden

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.

Details Hidden

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.

Details Hidden

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.