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Consolidated Statements of Net Earnings and Comprehensive (Loss) Income - CAD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue    
Petroleum and natural gas sales $ 1,689,863 $ 1,678,117
Royalties (163,666) (152,167)
Sales of purchased commodities 221,274 0
Petroleum and natural gas revenue 1,747,471 1,525,950
Expenses    
Purchased commodities 221,274 0
Operating 440,078 357,014
Transportation 72,446 51,887
Equity based compensation 64,233 60,746
(Gain) loss on derivative instruments (26,792) 1,932
Interest expense 81,377 72,759
General and administration 58,976 51,929
Foreign exchange (gain) loss (52,271) 63,000
Other income (6,875) (82)
Accretion 32,667 31,219
Depletion and depreciation 675,177 609,056
Impairment 46,056 0
Gain on business combination   (128,208)
Expenses 1,606,346 1,171,252
Earnings before income taxes 141,125 354,698
Taxes    
Deferred 56,096 39,471
Current 52,230 43,577
Taxes 108,326 83,048
Net earnings 32,799 271,650
Other comprehensive (loss) income    
Currency translation adjustments (81,042) 46,353
Unrealized gain on derivatives designated as cash flow hedges, net of tax 11,295 0
Unrealized gain on derivatives designated as net investment hedges, net of tax 1,143 0
Comprehensive (loss) income $ (35,805) $ 318,003
Net earnings per share    
Basic $ 0.21 $ 1.93
Diluted $ 0.21 $ 1.91
Weighted average shares outstanding ('000s)    
Basic 154,736 140,619
Diluted 156,095 142,335