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

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

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mrbb Yes SU was opposed to oil production curtailments, but not necessarily because they want low WCS prices. Quite the opposite actually. I might be mistaken, but I believe that SU, unlike HSE, produces more oil than their refineries can process. They export the excess bitumen and syncrude oil to USA (and have contracted pipeline capactiy to do that), so in that regard they would prefer WCS pricesto be high, not low. I believe the ideal situation for SU is actually high WCS prices combined with high crack spreads, so they profit from both those oil exports and their internal refining. Since they are a net exporter of oil (oil production exceeds refining capacity), they oppose curtailments because they want to continue to raop bitumen produciton to boost revenues from those oil exports.