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

RE:RE:RE:RE:RE:Husky Energy cuts 2020 budget by $1-billion

[firstworld]

Why would anyone feel terrible for poorly managed business or households who only build up debt failing to plan for the certain cyclical downs that energy always has?

It all debt fueled out west and most are not strategic in any way ...HSE knows and have really long vision to unload the retail segment. Those legacy assets probably have BNs in ground contamination liabilities though somwill be tough to off load.

onec007 wrote: My thoughts exactly. Downstream will be once again that saves the integrated companies. I feel terrible for the people of Alberta and SK as these low oil prices will definitely impact jobs and the overall businesses there but it's definitely difficult times. Vermillion and other smaller players have been so focused on growing production and giving dividends instead of diversifying its business and again these low prices will show how important it is to have a full value chain model. I also blame a lot of this on analysts because they have been vocal about production growth, production growth and more production growth . Well all that shale has led to this... Oversupply with too many ghost producers