Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE: RE: Value of spin off?

[momyo]

Thanks.  What I could find is a more recent analysis estimating the value of the Liwan discovery at $2.47/share.  Presumably the spin-off would be all of the asian assets not just the Liwan field so total value should be more than that.  Add in listing on the what I've seen described as the 'frothier' chinese stock market and, yeah, it sounds intriguing.  Definitely worth holding to find out, and of course collecting the dividend in the meantime.

All that said, RBC also says the "precise structure" of the spin out is an "open question".