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

musings of force majure for nat gas from china???

[downwithdotcom1]

seen this topic over at oilprice-the world and China more precisely is awash in nat gas causing spot prices to plummet to below $4 mcf +/- at some delivery points in EUROPE plus ASIA ( Japan, China, Korea) . There is alot of grumbling about some of these long term contracts set at double and even triple the going rate and HSE could be right in the crosshairs. Chinese officials have been quoted that perhaps force majure may be used to stop deliveries from some of its suppliers blaming , in part , the corona virus that won't be going away anytime soon. Remember, china is paying $13+/- per mcf CDN to HSE under one of these production sharing contracts and note THIS WAS THE RENEGOTIATED PRICE from years ago when CHINA suddenly stopped taking HSE gas due to pricing disagreements at that time ($13-15 mcf US i think???) . This would be a big hit to HSE and i think this is just the latest issue contributing to its recent sell-off (again-sigh). thoughts??? dwdc