TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Mar 25, 2020 8:10am
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Post# 30844642
RE:Husky preferreds are the way to go -switch the common
RE:Husky preferreds are the way to go -switch the commonYes 16% is nice, and the dividend $ amount is LOCKED IN for next 5 years! Plus can still get boost in share price....maybe even to $25!
That's my thinking also.... But I was checking with the board to see if I'm missing something. Seems too good to be true.
juniorbullalive wrote: Ive been switching Husky common into the prefs( Husky preferred E ) roughly 2 for 1 - heres why - at $8 a share the preferreds yield 16 % and would be highly unlikely to be reduced as Li Ki Shing is the majority owner . The prefs where sitting at $19 one month ago and in the event of a go private ,could fetch $25 . The common risks dividend cuts - with upside limited unless oil rebounds to $50 - the preferreds will rebound as the financial crisis settles down and get an extra boost when oil rebounds over $30 -