INVESTOR PRESENTATION - CREATING ENERGY CREATING VALUE
(1)
YTD 2023 HIGHLIGHTS
Demonstrating the strength of our diversified North
American oil-weighted portfolio
Ranger Acquisition
Strong Execution
Strong operating capability with increased scale in the Eagle Ford
Increased exposure to premium light oil U.S. Gulf Coast pricing
12-15 years of sustaining development with attractive well economics
H2/2023 capital and production in line with guidance
Current production > 155,000 boe/d
Strong results in Western Canada and the Eagle Ford
Inventory Enhancement
Accelerated shareholder
returns
Continued commercialization of the Pembina Duvernay
Two new heavy oil discoveries
Expanded heavy oil development fairway through two land extensions
Increased shareholder returns to 50% of free cash flow(1)
Repurchased 28.1 million shares through October 2023, 3.3% of shares
outstanding
Initiated quarterly dividend of $0.0225 per share ($0.09 per share
annualized)
Specified financial measure that does not have any standardized meaning prescribed by IFRS and may not be comparable with the calculation of similar measures presented by other entities. Refer to the Specified
Financial Measures section in this presentation for further information.
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