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

RE:RE:RE:Free fall

[balanda]

blade86ca wrote: I think this little tid bit is what is worrying investors 

The company also said it would launch legal action if it can’t resolve a dispute with CNOOC Ltd., its partner in the Liwan natural gas project in the South China Se.

CNOOC wants to pay lower prices due to changes in the gas market in Guangdong.

“It’s early days,” Ghosh said. “They have indicated a more difficult market in China and our view is that there is no contractual basis to change the price unilaterally. We have a legally binding take-or-pay contract.”

https://business.financialpost.com/news/energy/husky-energy-inc-needs-state-of-solidity-before-restoring-oilpatch-investment-dividends-ceo?__lsa=c64a-4f59

I think this little tid bit is what is worrying investors , A contract is a contract , if legal action is launched , CNOOC will not win otherwise what is the point of signing 

how are you so sure??? husky failed to provide 330 million cubic feet per day as per contract (only 150) and don't forget that CNOOC is 51% in the project.. the contract is under Chinese legislation and Husky owner is Chinese to ... politics is still strong and in this contract was a lot of politics..nobody is crazy to pay 15$/mmcf for gas only if you receive something under the table .... I could bet that husky will lose