MEG MATURES

摘要

For an oil-sands company producing in the largest single deposit of crude oil in North America, MEG Energy Inc. has had, by some accounts, a uniquely successful run. And while it took 12 years and a bit of financial creativity to reach its current worth of nearly $10 billion, the Calgary-based company seems to have found its groove. MEG has raised an impressive $3 billion of equity and $ 1 billion of debt in one of the larger private-equity financings in recent history. This is the result of good timing, improved oil-sands technology, a dedicated management team, and patient investors who stayed true to their thesis. MEG went public in 2010, and with its new access to capital is positioning to grow production from more than 25,000 barrels per day to more than 260,000 per day—and in less time than it took to reach that first 25,000-per-day mark.