Front cover
---- A proven performer
---- Inside this report
---- Financial and operating highlights
---- President's message
-------- President's message/page 4
-------- President's message/page 5
-------- President's message/page 6
---- Strategic focus
-------- Management/page 8
-------- Management/page 9
-------- Operations/page 10
-------- Operations/page 11
-------- Development/page 12
-------- Development/page 13
-------- Sustainability/page 14
-------- Sustainability/page 15
---- Corporate governance
---- Board of directors
---- Statistical summary
---- Shareholder information
---- Advisory
---- Glossary and abbreviations
---- Back cover
---- Financial review cover
---- Financial review table of contents
---- Management's discussion and analysis
-------- Corporate conversion
-------- Business description
-------- Business description/page 4
-------- Executive summary
-------- Executive summary/page 6
-------- Selected financial information
-------- Selected financial information/page 8
-------- Selected financial information/page 9
-------- Summary of quarterly results
-------- Summary of quarterly results/page 11
-------- Review of financial results
-------- Review of financial results/page 13
-------- Review of financial results/page 14
-------- Review of financial results/page 15
-------- Review of financial results/page 16
-------- Review of financial results/page 17
-------- Review of financial results/page 18
-------- Review of financial results/page 19
-------- Capital Expenditures/Contractual Obligations and Commitments
-------- Distributions
-------- Liquidity and capital resources
-------- Shareholders’ capital and trading activity
------------ Shareholders’ capital and trading activity/page 24
-------- Critical accounting estimates
------------ Critical accounting estimates/page 26
-------- New accounting pronouncements/Changes in accounting policies
------------ New accounting pronouncements/Changes in accounting policies/page 28
------------ New accounting pronouncements/Changes in accounting policies/page 29
------------ New accounting pronouncements/Changes in accounting policies/page 30
------------ New accounting pronouncements/Changes in accounting policies/page 31
-------- Syncrude waterfowl incident
-------- Risk management
------------ Risk management/page 34
------------ Risk management/page 35
------------ Risk management/page 36
------------ Risk management/page 37
------------ Risk management/page 38
------------ Risk management/page 39
------------ Risk management/page 40
------------ Risk management/page 41
------------ Risk management/page 42
------------ Risk management/page 43
-------- Consolidated results compared to prior year’s outlook
------------ Consolidated results compared to prior year’s outlook/page 45
-------- 2011 Outlook
------------ 2011 Outlook/page 47
------------ 2011 Outlook/page 48
------------ 2011 Outlook/page 49
---- Management's report
-------- Management's report/page 2
---- Independent Auditor’s Report
-------- Independent Auditor’s Report/page 2
-------- Independent Auditor’s Report/page 3
---- Consolidated statements of income and comprehensive income
---- Consolidated statements of shareholders' equity
---- Consolidated balance sheets
---- Consolidated statements of cash flows
---- Notes to consolidated financial statements/notes 1-4
-------- Note 4
-------- Note 4
-------- Note 4
-------- Note 5-6
-------- Note 7-9
-------- Note 10
-------- Note 10
-------- Note 11
-------- Note 12
-------- Note 13
-------- Note 14
-------- Note 15-16
-------- Note 16
-------- Note 17
-------- Note 17
-------- Note 17
-------- Note 18-19
-------- Note 20-21
-------- Note 21
-------- Note 21
-------- Note 21-22
-------- Note 22-23
-------- Note 23
-------- Note 24-26
-------- Note 27
---- Shareholder information
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