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

RE:Dump before earnings next week?

[jwallingf]

The Q4 results were heavily impacted by the low oil price, which has since staged a strong recovery. Earnings estimate according to TMXMoney is C$.20/share, up .03 from 7 days ago, and up .16 from 30 days ago. Estimates for Q2 and FY19 are also rising, an obvious result of the strength in oil. Your decision depends on your initial reason for buying it. As a short-term trade, if you're in the money, you might want to sell just for safety. If it was a long-term investment, hold it. With WCS going from $12 in November to $54 today, the profit picture has no doubt improved substantially at Husky. Collect the C$.50 yearly dividend and sit back. This is a solid cash-generating machine with cash flow from operations at C$4.1 billion in 2018 and net income of C$1.5 billion.