Performance
Financial & Operating Highlights
Year Ended December 31
Cdn$ millions, except per share and boe amounts
|
|
|
FINANCIAL
|
2013
|
2012
|
2011
|
Funds from operations (1)
|
861.8
|
719.8
|
844.3
|
Per share (2)
|
2.76
|
2.42
|
2.95
|
Net income
|
240.7
|
138.2
|
287.0
|
Per share (2)
|
0.77
|
0.47
|
1.00
|
Operating income (3)
|
223.9
|
163.1
|
293.5
|
Per share (2)
|
0.72
|
0.55
|
1.02
|
Dividends
|
374.0
|
357.4
|
344.0
|
Per share (2)
|
1.20
|
1.20
|
1.20
|
Capital expenditures, before land and net property acquistions (dispositions)
|
859.9
|
598.5
|
651.1
|
Net debt outstanding (4)
|
1,011.5
|
745.6
|
909.7
|
Shares outstanding, weighted average diluted
|
311.9
|
297.2
|
286.6
|
Shares outstanding, end of period
|
314.1
|
308.9
|
288.9
|
OPERATING
|
|
|
|
Production
|
|
|
|
Crude oil (bbl/d)
|
32,784
|
31,454
|
27,158
|
Condensate (bbl/d)
|
2,251
|
2,217
|
2,052
|
Natural gas (mmcf/d)
|
349.4
|
342.9
|
310.6
|
Natural gas liquids (bbl/d)
|
2,811
|
2,728
|
2,444
|
Total (boe/d) (5)
|
96,087
|
93,546
|
83,416
|
Average realized prices, prior to hedging
|
|
|
|
Crude oil ($/bbl)
|
88.90
|
82.03
|
89.51
|
Condensate ($/bbl)
|
94.13
|
92.63
|
96.07
|
Natural gas ($/mcf)
|
3.45
|
2.62
|
3.83
|
Natural gas liquids ($/bbl)
|
36.25
|
38.11
|
47.53
|
Oil equivalent ($/boe) (5)
|
46.15
|
40.50
|
47.15
|
Operating Netback ($/boe)
|
|
|
|
Commodity and other sales
|
46.31
|
40.58
|
47.24
|
Transportation costs
|
(1.72)
|
(1.29)
|
(1.18)
|
Royalties
|
(6.36)
|
(5.72)
|
(7.20)
|
Operating costs
|
(9.66)
|
(9.40)
|
(9.70)
|
Netback before hedging
|
28.57
|
24.17
|
29.16
|
Realized Hedging gain (loss) (6)
|
0.45
|
1.87
|
2.39
|
Netback after hedging
|
29.02
|
26.04
|
31.55
|
RESERVES (company gross)(7)
|
|
|
|
Proved plus probable reserves
|
|
|
|
Crude oil and NGL (mbbl)
|
194,064
|
185,548
|
170,153
|
Natural gas (bcf)
|
2,639
|
2,528
|
2,413
|
Total (mboe)
|
633,864
|
606,982
|
572,374
|
TRADING STATISTICS (8)
|
|
|
|
High price
|
29.95
|
26.25
|
28.67
|
Low price
|
23.12
|
18.36
|
19.40
|
Close price
|
29.57
|
24.44
|
25.10
|
Average daily volume (thousands)
|
1,064
|
1,356
|
1,251
|
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