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Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Oil and natural gas sales, net of royalties $ 1,254,806 $ 1,292,736 $ 920,693
Type of revenue us-gaap:OilAndGasMember us-gaap:OilAndGasMember us-gaap:OilAndGasMember
Commodity derivative instruments gain/(loss) $ (66,071) $ 88,232 $ 14,310
Total 1,188,735 1,380,968 935,003
Expenses      
Production taxes 83,109 87,286 54,318
General and administrative 72,853 75,783 74,301
Depletion, depreciation and accretion 356,830 304,274 250,774
Goodwill impairment 451,121    
Interest 33,919 36,799 38,714
Foreign exchange (gain)/loss (25,378) 39,521 (30,150)
Gain on divestment of assets   0 (78,400)
Other expense /(income) (7,529) (5,909) (1,906)
Total 1,400,594 899,478 616,017
Income/(Loss) Before Taxes (211,859) 481,490 318,986
Current income tax expense/(recovery) (33,414) (27,093) (47,957)
Deferred income tax expense/(recovery) 81,275 130,304 129,945
Net Income/(Loss) (259,720) 378,279 236,998
Other Comprehensive Income/(Loss)      
Unrealized gain/(loss) on foreign currency translation (80,602) 125,817 (90,277)
Total Comprehensive Income/(Loss) $ (340,322) $ 504,096 $ 146,721
Net Income/(Loss) per Share      
Basic (in CAD per share) $ (1.12) $ 1.55 $ 0.98
Diluted (in CAD per share) $ (1.12) $ 1.53 $ 0.96
Operating      
Expenses      
Costs of goods sold $ 290,766 $ 238,261 $ 197,101
Transportation      
Expenses      
Costs of goods sold $ 144,903 $ 123,463 $ 111,265