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Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) - CAD
CAD in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Oil and natural gas sales, net of royalties CAD 884,392 CAD 1,526,194 CAD 1,352,472
Commodity derivative instruments gain/(loss) 142,724 234,373 (41,870)
Total 1,027,116 1,760,567 1,310,602
Expenses      
Production taxes 50,899 81,522 70,388
Operating 340,483 348,596 325,181
Transportation 114,691 101,183 58,170
General and administrative 103,870 105,041 110,260
Depletion, depreciation, and accretion 507,257 566,674 593,203
Asset impairment 1,352,428    
Interest 67,378 63,788 58,337
Foreign exchange (gain)/loss 173,933 57,090 9,313
Other expense/(income) 7,055 (231) (868)
Total 2,717,994 1,323,663 1,223,984
Income/(loss) before taxes (1,690,878) 436,904 86,618
Current income tax expense/(recovery) (16,887) 4,998 7,889
Deferred income tax expense/(recovery) (150,588) 132,830 30,753
Net Income/(loss) (1,523,403) 299,076 47,976
Changes due to marketable securities (net of tax)      
Unrealized gains/(losses)   (145) 7,136
Realized (gains)/loss reclassified to net income   2,503 (315)
Change in cumulative translation adjustment 307,194 143,817 72,867
Other Comprehensive Income/(loss) 307,194 146,175 79,688
Total Comprehensive Income/(loss) CAD (1,216,209) CAD 445,251 CAD 127,664
Net income/(loss) per share      
Basic (in dollars per share) CAD (7.39) CAD 1.46 CAD 0.24
Diluted (in dollars per share) CAD (7.39) CAD 1.44 CAD 0.24