RE:RE:RE:RE:RE:RE:Total Debt at 1.75bilI think Google is wrong for oil & gas in Canada, Oldnagger.
https://corporatefinanceinstitute.com/resources/knowledge/finance/oil-and-gas-company-balance-sheets/
Derivative Fair Value
The derivative fair value item is not specifically unique to only oil and gas companies. It is, however, a very commonly seen item on oil and gas company balance sheets. Within the industry, the prices of commodities, such as oil, are set by the market. To deal with constantly fluctuating prices, oil and gas companies can hedge their position using derivatives. The derivatives include forwards, futures, and options.
For example, a company may engage in a forward contract to sell a set amount of oil at $50 a barrel. The line item, as its name suggests is recognized at its fair value. The derivative fair value line can be either an asset or a liability. If a company has hedged its position and has entered into a derivative contract to sell at a set price, the derivative fair value item will show up as an asset. If a company has hedged its position and entered into a contract to buy at a set price, the derivative fair value item will show up as a liability.