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

RE:RE:RE:RE:RE:RE:Even Cenovus is Doing Better than Husky!!

[mrbb]

oilandgasmick wrote: I don't think HSE screwed up.

Meg also had over 3B in debt that they had to absorb and it was a one trick pony in terms of plays.

What guarantee is there that WCS will stay at these levels?  Once the production cuts end who is to say that we don't head back to 10 bucks?

There was ample time for other companies to make another offer for MEG but nobody bit on it so if HSE screwed up then so did everybody else.

As for CVE, I am glad they will have a good quarter but they are still carrying 8.3B in net debt (I have some CVE shares so I know the financials) and even their new CEO has admitted that with current prices it will take years to put the balance sheet in the condition that he wants it in.

When you talk about screwing up, look at CVE which had the best balance sheet in the business until (without any shareholder input) they went out and spent $18B on acquisitions and overpaid by at least a third. Their plan was to divest properties but right now there are very few buyers in the Canadian market. One of the biggest screw-ups in oil patch history.

 of course cve look good now after they were head below water.

you miss the point of hse wanting meg. Low WCS  price is the reason they want meg, the lower the better.  SU and HSE are very vocal against the production cut.  So, $10 WCS is what hse/su want.