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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - CAD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue, net of royalties    
Petroleum and natural gas sales $ 1,868,195 $ 975,477
Royalties (339,156) (163,735)
Revenue, net of royalties 1,529,039 811,742
Expenses    
Operating 343,002 331,345
Transportation 32,261 28,437
Blending and other 85,689 48,381
General and administrative 40,804 34,268
Exploration and evaluation 15,212 14,011
Depletion and depreciation 464,580 486,380
Impairment (impairment reversal) (1,542,414) 2,360,220
Share-based compensation 11,130 9,469
Financing and interest 111,159 125,441
Financial derivatives loss (gain) 287,872 (29,336)
Foreign exchange (gain) loss (2,868) 8,688
Gain on dispositions (9,666) (901)
Other income (2,562) (5,304)
Total expenses (165,801) 3,411,099
Net income (loss) before income taxes 1,694,840 (2,599,357)
Income tax (recovery) expense    
Current income tax expense 1,272 574
Deferred income tax expense (recovery) 79,968 (160,967)
Income tax expense (recovery) 81,240 (160,393)
Net income (loss) 1,613,600 (2,438,964)
Other comprehensive income (loss)    
Foreign currency translation adjustment 13,127 62,752
Comprehensive income (loss) $ 1,626,727 $ (2,376,212)
Net income (loss) per common share    
Basic (in cad per share) $ 2.86 $ (4.35)
Diluted (in cad per share) $ 2.82 $ (4.35)
Weighted average common shares    
Basic (in shares) 563,674 560,657
Diluted (in shares) 571,610 560,657