| |
| ($ millions, except as indicated) |
|
|
|
|
|
| Revenues, after crude oil purchases, transportation and marketing expense |
2,432 |
1,967 |
1,352 |
932 |
715 |
| Operating costs |
907 |
731 |
601 |
515 |
309 |
| Non-production costs |
70 |
85 |
48 |
38 |
19 |
| Crown royalties |
232 |
19 |
18 |
12 |
7 |
| Administration |
17 |
12 |
9 |
9 |
7 |
| Insurance |
6 |
8 |
9 |
7 |
6 |
| Interest, net |
98 |
104 |
95 |
68 |
39 |
| Depreciation, depletion and accretion |
255 |
198 |
172 |
93 |
54 |
| Foreign exchange gain |
(5) |
(29) |
(80) |
(135) |
(3) |
| Large Corporations Tax and other |
(1) |
7 |
(2) |
17 |
6 |
| Future income tax expense (recovery) |
18 |
1 |
(27) |
(2) |
– |
| Loss from discontinued operations |
(1) |
– |
– |
– |
– |
| Net income |
834 |
831 |
509 |
310 |
271 |
| Per Trust Unit1 ($) |
1.79 |
1.81 |
1.14 |
0.78 |
0.95 |
| Cash from operating activities |
1,142 |
949 |
594 |
222 |
356 |
| Per Trust Unit1 ($) |
2.45 |
2.07 |
1.33 |
0.56 |
1.24 |
| Unitholder distributions |
512 |
184 |
180 |
170 |
115 |
| Per Trust Unit1 ($) |
1.10 |
0.40 |
0.40 |
0.40 |
0.40 |
| Capital expenditures |
300 |
800 |
942 |
786 |
403 |
| Reserves (billions of SSB bbls, net to COS) |
|
|
|
|
|
| Proved reserves |
1.0 |
1.0 |
1.0 |
1.1 |
0.7 |
| Proved plus probable reserves |
1.8 |
1.8 |
1.8 |
1.8 |
N/A |
| Estimated recoverable resource (includes proved plus probable reserves and contingent resources) |
3 |
3 |
3 |
3 |
2 |
| Average daily sales (bbls) |
91,844 |
75,994 |
84,575 |
66,793 |
49,806 |
| Operating netback ($/bbl) |
|
|
|
|
|
| Net realized selling price, after hedging |
72.56 |
70.91 |
43.68 |
38.23 |
39.35 |
| Operating costs |
27.07 |
26.34 |
19.40 |
21.12 |
16.99 |
| Crown royalties |
6.93 |
0.71 |
0.58 |
0.49 |
0.41 |
| Netback price |
38.56 |
43.86 |
23.70 |
16.62 |
21.95 |
| Financial ratios |
|
|
|
|
|
| Net debt to cash from operating activities (times) |
1.1 |
1.7 |
2.8 |
6.4 |
1.1 |
| Net debt to total capitalization (%) |
24.6 |
32.8 |
39.0 |
40.3 |
29.0 |
| Return on average productive capital employed (%) |
24.4 |
37.1 |
21.5 |
15.2 |
34.1 |
| Return on average Unitholders’ equity (%) |
22.7 |
27.6 |
21.4 |
20.2 |
31.3 |
| Number of Trust Units outstanding (in millions) |
470.9 |
462.6 |
457.2 |
436.0 |
288.4 |
| $/Unit prices1 |
|
|
|
|
|
| High |
38.75 |
28.60 |
13.64 |
9.14 |
8.97 |
| Low |
24.32 |
12.42 |
8.05 |
6.45 |
6.66 |
| Close |
32.61 |
25.20 |
13.52 |
9.14 |
7.61 |
| Trading volume (millions of Trust Units) |
406.6 |
356.9 |
389.2 |
227.1 |
166.5 |
| |
|
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