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13 Pages

Canadian Oil Sands corporate report


Canadian Oil Sands corporate report

Report summary

Canadian Oil Sands (COS) is a single-asset, pure-play oil-sands venture, focused on optimizing value from it's 36.7% stake in the Syncrude mining project. The company's business model is to distribute free cash flow to shareholders through dividends and, if conditions permit, to grow the asset and in turn the business. But owing to their unhedged pure-play status, COS has been hit hard by the oil price downturn, forcing the company into outright survival mode.


What's included?

This report includes 2 file(s)

  • Canadian Oil Sands corporate report PDF - 359.42 KB 13 Pages, 6 Tables, 15 Figures
  • Canadian Oil Sands Corporate Report.xls XLS - 3.07 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Strategic positioning as oil price collapsed
    • Strategic action to date
    • Impact on the financial outlook
    • Impact on key performance metrics
    • Improving operational performance is critical to near-term financial health
    • Large technical resource base presents significant upside at a higher oil price
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 21 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
    • Post oil price crash relative share price performance
    • Premium / discount to WM base-case
    • Projected capital expenditure
    • Reduction in quarterly dividend
    • Evolution of Brent cash flow breakeven prices
    • Evolution of upstream development cash flow
    • Projected company liquidity
    • Evolution of net debt
    • Wood Mackenzie forecast total production
    • NPV before and after oil price collapse
    • Long term operational stability and the impact on production volume
    • Syncrude gross long term production profile
    • Composition of Syncrude's gross SCO reserves
  • Economic assumptions
    • Base price assumptions (norminal terms)
    • Base price assumptions (norminal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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