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Consolidated Statements of Income and Comprehensive Income - CAD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue, net of royalties    
Petroleum and natural gas sales $ 2,889,045 $ 1,868,195
Royalties (562,964) (339,156)
Revenue, net of royalties 2,326,081 1,529,039
Expenses    
Operating 422,666 343,002
Transportation 48,561 32,261
Blending and other 189,454 85,689
General and administrative 50,270 40,804
Exploration and evaluation 30,239 15,212
Depletion and depreciation 587,050 464,580
Impairment reversal (267,744) (1,542,414)
Share-based compensation 29,056 11,130
Financing and interest 104,817 111,159
Financial derivatives loss 199,010 287,872
Foreign exchange loss (gain) 43,441 (2,868)
Gain on dispositions (4,898) (9,666)
Other expense (income) 3,244 (2,562)
Total expenses 1,435,166 (165,801)
Net income before income taxes 890,915 1,694,840
Income tax (recovery) expense    
Current income tax expense 3,594 1,272
Deferred income tax expense 31,716 79,968
Income tax expense 35,310 81,240
Net income 855,605 1,613,600
Other comprehensive income    
Foreign currency translation adjustment 124,092 13,127
Comprehensive income $ 979,697 $ 1,626,727
Net income per common share    
Basic (in cad per share) $ 1.53 $ 2.86
Diluted (in cad per share) $ 1.52 $ 2.82
Weighted average common shares    
Basic (in shares) 557,986 563,674
Diluted (in shares) 563,835 571,610