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Investor Presentation

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Investor Presentation

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Investor Presentation

View, print or download our latest investor presentation.

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Investor Presentation

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Financial Summary

Annual Results (unaudited)

2018YTD(1) 2017 2016 2015 2014
OPERATING
Production (Mboe/d) 41.6 35.5 29.7 27.4 22.5
 
Brent Price ($/bbl) 71 55 45 54 100
Average realized prices, prior to hedging ($/bbl) 59 43 38 47 88
Operating Netback ($/boe) 42 29 18 22 48
Funds Flow Netback ($/boe) 30(2) 22 13 13 37
FINANCIAL (MM of USD, except per share amounts)
Funds flow from operations 223(2) 280 144 130 294
__Per share - basic 1.43(2) 1.81 0.95 0.90 2.44
Net Income (loss) 260 155 (46) (45) (109)
__Per share - basic 1.67 1.01 (0.31) (0.31) (0.90)
EBITDA 515 314 134 170 340
Cash and cash equivalents 323 235 149 95 39
Working Capital 66 163 93 77 3
Net Debt (Surplus)(3) (66) (163) (93) (77) 32
Capital Expenditures 159 212 112 126 297
Bank Credit Facility 100 100 175 200 175
 
Weighed average shares outstanding 155 154 152 145 120
TRADING STATISTICS (CAD) - PXT:CC(4)
($, based on intra day trading)
High 25.70 18.46 18.22 11.55 15.49
Low 16.82 12.19 7.74 5.97 6.07
Close (end of period) 24.82 18.16 16.90 10.16 7.58
Average daily volume (thousands) 1,009 762 693 821 872

(1) As at June 30, 2018

(2) Adjusted fund flow to exclude a $137.5 million cost of the voluntary tax restructuring during the three months ended June 30, 2018

(3) Defined as Bank Debt + Convertible Debenture Face Value - Working Capital.
Convertible debentures with a face value of Cdn$85 million with a conversion price of Cdn$10.15 per share were fully redeemed on September 25, 2014.

(4) Trading on all Canadian Exchanges

All values rounded to nearest whole numbers

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