SLIDE 1
Corporate Presentation
January 2020
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Reader Advisory
Forward Looking Statements and Forward Looking Information
Certain statements included in this presentation constitute forward looking statements or forward looking information under applicable securities legislation. Such forward looking statements or information are 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 purposes, such as making investment decisions. Forward looking
statements or information typically contain statements with words such as “anticipate”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “forecast”, “should”, “target”, “will”, “may”, or similar words suggesting future outcomes or statements regarding an outlook. Forward looking statements or information in this presentation include, but are not limited to, statements or information with respect to business strategy and objectives; development plans; growth in production from the Western Canadian Sedimentary Basin (“WCSB”); ongoing demand for crude oil in North America; growth of crude oil transported by rail, contractual arrangements with railways, shippers and other market participants; pipeline constraints; capital expenditures; cash flow; debt levels and operating and other costs. Forward looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although Altex believes that the expectations reflected in such forward looking statements or information are reasonable, undue reliance should not be placed on forward looking statements because Altex can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this presentation, assumptions have been made regarding, among other things: successful completion of the proposed financing referenced herein; the general stability of the economic, legal and political environment in which Altex operates; the timely receipt of any required regulatory approvals; the ability of Altex to obtain qualified staff, equipment and services in a timely and cost efficient manner; the timing and costs of facility construction and expansion and the ability of Altex to secure adequate product for transportation; future oil prices; currency, exchange and interest rates; and the regulatory framework regarding crude transportation by rail, taxes and environmental matters in the jurisdictions in which Altex operates. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have ben used. Forward looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Altex and described in the forward looking statements or information. These risks and uncertainties which may cause actual results to differ materially from the forward looking statements or information include, among other things: the ability of management to execute its business plan; general economic and business conditions; the risk of economic, legal or political instability affecting the jurisdictions in which Altex operates; the risks inherent in the railway industry and the crude oil industry; the possibility that government policies or laws may change or governmental approvals may be delayed or withheld; the effects of competition and pricing pressures; Altex’s ability to enter into or renew customer and supplier contracts; potential delays or changes in plans with respect to development projects or capital expenditures; fluctuations in oil prices, foreign currency exchange rates and interest rates; risks inherent in Altex’s operations, including credit risk, health, safety and environmental risks; risks associated with existing and potential future law suits and regulatory actions against Altex; uncertainties as to the availability and cost of financing; and financial risks affecting the value of Altex’s
- investments. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.
The forward looking statement or information contained in this presentation are made as of January 2020 and Altex undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws. The forward looking statements or information contained in this presentation are expressly qualified by this cautionary statement.
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