A friend shared a snapshot of a shareholder newsletter which made me look up imperial oil investment https://petro-imperialoil.com/ for the full edition; the operational commentary was the most useful part. In Canada the clear breakdown of quarterly cash flow and capex priorities matched the summary my friend sent. I read the management discussion and compared notes with a couple of forum members; the direct statements about spending and maintenance were straightforward and left me comfortable discussing strategy with my investing group.