Following the conference call, the Company will hold its Annual Meeting of Shareholders at 10:30 a.m. (Mountain Time) in the Palomino Room at the BMO Centre, 20 Roundup Way S.E., Calgary, Alberta. Upstream production averaged 320,400 boe/day, compared to 327,000 boe/day in the fourth quarter of 2016. First gas is expected in the 2018-2019 timeframe, with an additional shallow water field at MDK expected to be tied in during the same period. Facebook has helped register 4.4 million voters, surpassing Mark Zuckerberg's goal for the November presidential election and setting a new record. Free cash flow is presented to assist management and investors in analyzing operating performance by the business in the stated period. “People have to remember to use it, as the more it is used, the more chance there is of us saving it.” Wright said decisions are made off numbers, and if the numbers aren’t there, it is put on the chopping list. While investors are obsessed with Tesla's surge, legendary investor Whitney Tilson says an even bigger EV story will provide the highest gains. a. The average five-year proved reserves replacement ratio was 144 percent, excluding economic factors (122 percent including economic factors). cy_annex_to_annual_report_2017_en.pdf. CALGARY, AB--(Marketwired - May 05, 2017) - Husky Energy Inc. (HSE.TO) -- Good operational performance in the first quarter delivered funds from operations of $709 million, a 63 percent increase compared to a year ago, and free cash flow of $325 million. with respect to the Company's Western Canada Resource Plays: expected proceeds of sale of production; and drilling plans; with respect to the Company's Upstream operating segment, the anticipated timing and duration of turnarounds at the SeaRose FPSO and the Terra Nova FPSO; and. CKPL will also review usage, locations, and future needs, as well as a modern delivery model and opportunities to co-locate with other municipal services. Tech stocks, which have soared this year, took it on the chin especially hard today. In the end, it’s a giant balancing act, according to Chatham-Kent Chief Administrative Officer Don Shropshire.
Here’s how you can prepare. The Chicago 3:2:1 crack spread averaged $20.28 US per barrel compared to $10.59 US per barrel in the year-ago period. DEPARTMENT OF ENERGY ANNUAL REPORT 2017/18 1 TABLE OF CONTENTS PART A: GENERAL INFORMATION 05 1.1 Department of Energy General Information 06 1.2 List of Abbreviations/Acronyms 07 1.3 Foreword by the Minister of Energy 09 1.4 Deputy Minister’s Statement 11 1.5 Report of the Accounting Officer 13 1.6 Vision, Mission and Values 21 The sometimes-chanteuse recorded a cover of "Dream a Little Dream of Me" for the thriller's opening title sequence, which features a young version of Kidman's Undoing character Grace playing […]. Overall Sunrise production was temporarily constrained in the third quarter due to the tie-in of the 14 additional well pairs and associated steam redirection. Full Annual Report; 2019 Form 40-F. 2019 Form 40-F ... 2017 2017 Annual Report. None of these measures is used to enhance the Company’s reported financial performance or position. Free cash flow equals funds from operations less capital expenditures. Chipotle Mexican Grill Inc , which brought carne asada back to its menu, said high beef prices dented profits. Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. Construction of the 10,000 bbls/day Rush Lake 2 development continued to advance. Throughputs at the Superior Refinery averaged 37,000 bbls/day in December.
New factors emerge from time to time and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Changes from prior period presentation include the removal of adjustments for settlement of asset retirement obligations and deferred revenue. Average realized pricing for Upstream production was $40.05 per boe, compared to $33.11 per boe in Q3 2016. Funds from operations is a non-GAAP measure which should not be considered an alternative to, or more meaningful than, cash flow – operating activities as determined in accordance with IFRS, as an indicator of financial performance. Self-serve candy bowls are not recommended. Husky has agreed to acquire a 50,000 barrel per day refinery located in Superior, Wisconsin for $435 million US. Husky expects to recover approximately $250 million US in exploration costs on a preferred basis within the first 18 months of production. The term boe is used to express the sum of the total company products in one unit that can be used for comparisons. Direct connectivity to the Company’s pipeline in Hardisty, Alberta further mitigates exposure to the heavy-light oil differential. Production at Tucker averaged 22,600 bbls/day in the fourth quarter. Total upgrading and refining throughputs averaged 367,000 bbls/day, compared to 314,000 bbls/day in the same quarter last year. Canada's Cenovus tumbles as analysts question $2.9 billion purchase of rival .. Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival, Refinery and Upgrader throughputs (mbbls/day), Five-year average proved reserves replacement ratio (%), Depletion, depreciation, amortization and impairment, Inventory write-down to net realizable value, Settlement of asset retirement obligations, Weighted average number of common shares outstanding, Impairment of property, plant and equipment, net of tax, Exploration and evaluation asset write-downs, net of tax, Loss (gain) on sale of assets, net of tax, President, Chief Executive Officer & Director, Q4 funds from operations of $1 billion; 2017 funds from operations of $3.3 billion, Q4 free cash flow of $294 million; 2017 free cash flow of $1.1 billion, Benefits from recent changes to U.S. tax policy include deferred tax contribution of $436 million to Q4 net earnings; the change is expected to improve future net earnings from the U.S. business and result in future reductions in cash taxes, Record Downstream throughputs of 387,100 barrels per day (bbls/day) compared to 350,600 bbls/day in the fourth quarter of 2016; Downstream EBITDA of $471 million, up 107 percent from $228 million in Q4 2016, Completed acquisition of Superior Refinery in the U.S. Midwest, Record sales gas volumes at the Liwan Gas Project of 361 million cubic feet per day (mmcf/day, 177 mmcf/day Husky working interest) and ramp-up of the liquids-rich BD Project in Indonesia contributed to an Asia Pacific operating netback of $65.31 per barrel of oil equivalent (boe), Sanctioned Liuhua 29-1, the third deepwater gas field at the Liwan Gas Project; first production anticipated in 2021, 60,000 bbls/day of Lloydminster thermal bitumen production in development; includes sanction of 10,000 bbls/day Westhazel and Edam Central Lloyd thermal projects, Completed the disposition of legacy Western Canada assets at the end of 2017, representing 17,600 boe/day; total asset sales of 52,100 boe/day since late 2015, Upstream average operating costs of $13.20 per boe, compared to $13.92 per boe in the fourth quarter of 2016; thermal operating costs of $9.83 per barrel compared to $12.30 per barrel in Q4 2016, Net debt of $2.9 billion, representing less than one times 2017 funds from operations, 2017 proved reserves replacement ratio of 167 percent, excluding economic factors, Upstream average production of 242,900 boe/day, Upstream operating netback of $19.59 per boe, including a netback of $30.24 per barrel from thermal operations, Average realized price of $35.22 per barrel for liquids, Average operating cost of $13.07 per barrel for liquids, Downstream upgrading/refining margin of $18.06 per barrel, Average realized refined product price of $84.87 per barrel, Average upgrading/refining operating cost of $6.37 per barrel. d. Total fixed assets At the partner-operated Toledo refinery, throughputs averaged 81,000 bbls/day (Husky working interest), compared to 78,800 bbls/day in the fourth quarter of 2016. All currency is expressed in Canadian dollars unless otherwise indicated. Capital expenditures were $384 million. “We have met or exceeded the targets for the first year of our five-year plan,” said CEO Rob Peabody. This measure is used for consistency with other oil and gas companies and does not represent value equivalency at the wellhead.


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