Everyone should have a secure financial future.
Investors and Stakeholders
You will find more information about our Services, Offerings, People and Projects.
Please note the following in regards to all of our business activities:
Investment Advisory
Forward Looking Statements
Any “financial outlook” or “future oriented financial information” on this website in connection with Canadian International Strategic Investments Inc. (CISI) as defined by applicable securities laws, has been approved by management of CISI. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future.
Readers are cautioned that reliance on such information may not be appropriate for other circumstances. In the interest of providing the shareholders of CISI and potential investors with information regarding CISI, including management’s assessment of future plans and operations, certain statements in this presentation are “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information”
within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). In some cases, forward-looking statements can be identified by terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “objective”, “ongoing”, “outlook”, “potential”, “project”, “plan”, “should”, “target”, “would”, “will” or
similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this website and relating to CISI speak only as of the date hereof and are expressly qualified by this cautionary statement.
Specifically, this website relating to CISI contains forward-looking statements relating to but not limited to: we have strong capital efficiencies and flexibility on
discretionary capital; that we have a consistent approach to risk
management and are committed to strong performance; expectations for 2020 as to CISI’s productionwe are focused on protecting the health and safety of personnel while maintaining operations; our 2020 outlook, including: to maintain financial liquidity, minimize capital outlays and emphasize cost reductions, our expectations with the sensitivity of Canada-United States foreign exchange rate.
These forward-looking statements are based on certain key assumptions regarding, among other things: development activities; capital expenditure levels; the ability to borrow under credit agreements; the receipt, in a timely manner, of regulatory and other required approvals for operating activities; the availability and cost of labour and other industry services; interest and foreign exchange rates; the continuance of existing and, in certain circumstances, proposed tax regimes; the ability to develop in
the manner currently contemplated; and current industry conditions, laws and regulations continuing in effect (or, where changes are proposed, such changes being adopted as anticipated).
Readers are cautioned that such assumptions, although considered reasonable by CISI at the time of preparation, may prove to be incorrect.
Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: the volatility of prices and price differentials (including the impacts of COVID-19); availability and cost of gathering, processing and pipeline systems; failure to comply with the covenants in our debt agreements; the availability and cost of capital or borrowing; that our credit facilities may not provide sufficient liquidity or may not be renewed; risks associated with a third-party operating functions; the cost of developing and operating our assets; risks associated with the exploitation of our properties and our ability to acquire new properties; changes in government regulations; restrictions or costs imposed by climate change initiatives; variations in interest rates and foreign exchange rates; risks associated with our hedging activities; changes in income tax or other laws or government incentive programs; our inability to fully insure against all risks; risks of counterparty default; risks associated with large projects; risks associated with the ownership of our securities, including changes in market-based factors; risks for United States and other non-resident shareholders, including the ability to enforce civil remedies, additional taxation applicable to non-residents and foreign exchange risk; and other factors, many of which are beyond our control.
The above summary of assumptions and risks related to forward-looking statements has been provided in order to provide shareholders and potential investors with a more complete perspective on CISI’s current and future operations and such information may not be appropriate for other purposes.
There is no representation by CISI that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements. The future oriented financial information and forward-looking statements are made as of June 10, 2020 and CISI disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Non-GAAP Financial and Capital Management Measures
This website contains certain financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and therefore are considered non-GAAP measures. These non-GAAP measures may not be comparable to similar measures presented by other issuers. The following terms are not recognized measures under IFRS, but are presented in this presentation.
“Adjusted funds flow” is defined as cash flow from operating activities adjusted for changes in non-cash operating working capital, asset retirement obligations settled and transaction costs.
Management of CISI consider adjusted funds flow a key measure of performance as it demonstrates the combined entity’s ability to generate the cash flow necessary to fund capital investments, debt repayment, settlement of abandonment obligations and potential future dividends. In addition, the ratio of net debt to adjusted funds flow is used to manage CISI’s capital structure.
“Asset Level Free Cash Flow” is defined as field level operating netback less development expenditures.
“Bank EBITDA” is calculated based on terms and definitions set out in the credit agreement which adjusts net income or loss for financing and interest expenses, income tax, non-recurring losses, certain specific unrealized and non-cash transactions (including depletion, depreciation, evaluation expenses, unrealized gains and losses on financial derivatives and foreign exchange and share-based compensation) and is calculated based on a trailing twelve month basis including the impact of material acquisitions as if they had occurred at the beginning
of the twelve month period.
“Net debt” is defined as the sum of monetary working capital (which is current liabilities (excluding current financial derivatives and onerous contracts)) and the principal amount of both the long-term notes of CISI and the bank loans of CISI. Management of CISI believe that net debt assists in providing a more complete understanding of CISI’s cash liabilities.
“Senior Secured Debt” is defined as the principal amount of the bank loan and other secured obligations identified in the credit agreement.
All amounts on this website in relation to CISI are stated in Canadian dollars unless otherwise noted.
We accept zero liability for any advise and all service is provided as-is where is – buyer/investor is to take responsibility for risks and necessary due diligence before entering into a business or contractual arrangement with CISI and any of our affiliates, partners, officers, or assigns.
We cannot possibly account for any or all risks associated with the business cycle, market fluctuations, government regulations, global events etc.
It is assumed by visiting this site that you agree to be bound by our statements set forth. If you do not agree, please exit the web page promptly.
If you have a complaint about our services or a product please read the information below.
Filing a complaint with us
If you have a complaint about our services or a product, contact us at:
Canadian International Strategic Investments Inc.
513 Lyon St. N
Ottawa, Ontario K1R 5X8
ATTN: Chief Compliance Officer.
OR
You may want to consider using a method other than email for sensitive information.
Tell us:
- what went wrong
- when it happened
- what you expect, for example, money back, an apology, account correction
We will acknowledge your complaint
We will acknowledge your complaint in writing, as soon as possible, typically within 5 business days of receiving your complaint. We may ask you to provide clarification or more information to help us resolve your complaint.
Help us resolve your complaint sooner
- Make your complaint as soon as possible.
- Reply promptly if we ask you for more information.
- Keep copies of all relevant documents, such as letters, emails and notes of conversations with us.
We will provide our decision
We normally provide our decision in writing, within 90 days of receiving a complaint. It will include:
- a summary of the complaint
- the results of our investigation
- our decision to make an offer to resolve the complaint or deny it, and an explanation of our decision
If our decision is delayed
If we cannot provide you with our decision within 90 days, we will:
- inform you of the delay
- explain why our decision is delayed, and
- give you a new date for our decision
You may be eligible for the independent dispute resolution service offered by the Ombudsman for Banking Services and Investments (OBSI).
If you are not satisfied with our decision
You may be eligible for OBSI’s dispute resolution service.
If you are a Québec resident
You may consider the free mediation service offered by the Autorité des marchés financiers.
A word about legal advice
You always have the right to go to a lawyer or seek other ways of resolving your dispute at any time. A lawyer can advise you of your options. There are time limits for taking legal action. Delays could limit your options and legal rights later on.
Taking your complaint to OBSI
You may be eligible for OBSI’s free and independent dispute resolution service if:
- we do not provide our decision within 90 days after you made your complaint, or
- you are not satisfied with our decision
OBSI can recommend compensation of up to $350,000.
OBSI’s service is available to clients of Peer Securities Corporation. This does not restrict your ability to take a complaint to a dispute resolution service of your choosing at your own expense, or to bring an action in court. Keep in mind there are time limits for taking legal action.
Who can use OBSI
You have the right to use OBSI’s service if:
- your complaint relates to a trading or advising activity of our firm or by one of our representatives
- you brought your complaint to us within 6 years from the time that you first knew, or ought to have known, about the event that caused the complaint, and
- you file your complaint with OBSI according to its time limits below
Time limits apply
- If we do not provide you with our decision within 90 days, you can take your complaint to OBSI any time after the 90-day period has ended.
- If you are not satisfied with our decision, you have up to 180 days after we provide you with our decision to take your complaint to OBSI.
Filing a complaint with OBSI
Contact OBSI
Email: ombudsman@obsi.ca
Telephone: 1-888-451-4519 or 416-287-2877 in Toronto
OBSI will investigate
OBSI works confidentially and in an informal manner. It is not like going to court, and you do not need a lawyer.
During its investigation, OBSI may interview you and representatives of our firm. We are required to cooperate in OBSI’s investigations.
Information OBSI needs to help you
OBSI can help you best if you promptly provide all relevant information, including:
- your name and contact information
- our firm’s name and contact information
- the names and contact information of any of our representatives who have been involved in your complaint
- details of your complaint
- all relevant documents, including any correspondence and notes of discussions with us
OBSI will provide its recommendations
Once OBSI has completed its investigation, it will provide its recommendations to you and us. OBSI’s recommendations are not binding on you or us.
OBSI can recommend compensation of up to $350,000. If your claim is higher, you will have to agree to that limit on any compensation you seek through OBSI. If you want to recover more than $350,000, you may want to consider another option, such as legal action, to resolve your complaint.
For more information about OBSI, visit www.obsi.ca.
