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

RE:West White Rose Suspension

[RagingBull3]

The right move for so many reasons.    Looks like still no Dividend cut yet.... just cutting expenses/cap ex. 

Why drill for oil when you can buy a barrel for less than a meal at McDonalds?   Just go out and buy the oil HSE needs for it's downstream operations...... although I think they are probably hurting also.... prices at the pumps took a nosedive also.

Dogsbreakfast4U wrote: CALGARY, Alberta, March 22, 2020 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced that it will begin asystematic and orderly suspension of major construction activities related to the West White Rose Project. The decision reinforces Huskys objective to prevent the transmission of the COVID-19virusamongits employees,contractors, and the community.The Company carefully assessed the risks anddeterminedthey could not be adequately mitigated for such a large construction workforce. We are taking the steps necessary to keep our people and our construction sites safe, said CEO Rob Peabody. Theseare the right decisions for our people, their families and thecommunity. Husky is working cooperatively with its contractors to safely suspend all activities, and to demobilize and secure its construction sites. Production from the White Rose field and its satellite extensions, located 350 kilometres off the coast of Newfoundland and Labrador, is continuing withenhancedworkforcecontrol measures introduced to ensure the ongoing safe operations on theSeaRosefloating production, storage and offloading vessel.