In 2012, we continued to implement our long-standing business strategy of acquiring, developing and exploiting high-quality, large resource-in-place assets and managing our risk through our hedging program and the strength of our balance sheet. We were active on the acquisitions front, while continuing to both develop our core resource plays and to test and refine new concepts. We also bolstered our risk management program by building rail facilities in Saskatchewan and Alberta, and by increasing our oil shipments to other markets. By shipping oil via rail, we are able to hedge against volatile oil price differentials and we view such shipping as a growing component of our business.
Our activities in 2012 aligned with our overall strategy and have laid the groundwork for continued operational excellence, not to mention a portfolio depth that should allow for significant organic growth. We believe that the properties we acquired in 2012 – be they consolidation acquisitions or our new Uinta Basin resource play – are all pieces of a much-larger puzzle. We have assembled a strong portfolio with a mix of assets – all of them high-quality, large oil-in-place assets with plenty of upside potential. In the near-term, we plan to focus on organic production growth across all of these plays.