VISION

Harvest Operations Corp. … recognized as an industry leader in creating value in the oil and gas industry.

MISSION

Harvest Operations Corp., as an integrated oil and gas company, has the entrepreneurial drive and technical expertise to identify, acquire, grow and operate the highest value creation assets in the oil industry.

SHARED VALUES

At Harvest Operations Corp., we value: 

• Shared visionary leadership.
• Sustainable growth (achieved in an entrepreneurial & opportunistic manner).
• Efficient operations and administration.
• Technology-based long-term asset development.
• Consultation and communication with stakeholders.
• People, safety and the environment. 

STRATEGIC GOALS

Opportunistic Growth

• Actively consider, evaluate and pursue opportunities to grow the asset base in a value-creating fashion
• Acquire assets at reasonable prices that have identified and evaluated opportunity for further growth – both upstream and downstream
• Pursue opportunities to consolidate ownership of assets, including opportunities to monetize or exchange assets at prices in excess of internal assessment of value

Efficient and Effective Asset Management

• Operate and administer assets and businesses in an efficient manner
• Regularly review investment opportunities - adjust direction based on business environment
• Utilize economic criteria to rank and evaluate all investment opportunities and then evaluate success of investments to optimize strategies
• Continuously evaluate opportunities to increase efficiency in all parts of the company

Growth Vehicle & Technical Focus

• Use advanced technology to advance growth strategies in upstream and downstream
• Work closely with key stakeholders that can facilitate access to growth opportunities
• Monitor potential investments, and leverage relationships and expertise to expose value creation opportunities while minimizing upfront investment and risk
• Evaluate existing assets for opportunities to dispose of certain assets that would enable capital redeployment, rebalancing of the portfolio and improving rates of return
• Leverage financial and intellectual resources through collaboration, where appropriate

Risk Management

• Reduce risk exposure whenever economically possible and justifiable, incorporating consideration of the asset base
• Manage balance sheet to minimize financing risk
• Utilize price risk management as a means to reduce volatility of cash flow
• Maintain an open dialogue and participation in industry associations to facilitate management of external risk
• Establish, maintain, test and update safety, environmental, integrity and operational risk assessment programs throughout company
• Continuously develop and replenish workforce to minimize succession concerns

Organization

• Business is conducted from a foundation of integrity and respect for people, cultures and traditions
• Environmental responsibility is taken very seriously
• Foster an entrepreneurial spirit and drive to succeed with a sense of urgency; expect and reward integrity, innovation and creativity
• Evaluate individual and collective performance and strive to improve