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

I think mgmt is planning something big

[believer123]

Major aquisition is coming, this could explain the delay in the dividend.

[autofocus111]

Not huge, but maybe this? >>>Cenovus Energy Inc. is expected to announce a deal shortly to sell its interest in a major Saskatchewan oil project just as surging crude prices rekindle industry interest in attractive energy properties......The Weyburn project, with a price tag estimated at $1-billion or more, is the last of four large assets Cenovus had earmarked for sale to reduce debt

[believer123]

if they do buy it it's gonna be huge, 30,000 barrels translates into approx 200 million additional  revenues year.  This would be a smart move 

[mrbb]

i would be surprise if husky want this asset as it is outside their core area and husky has plenty of internal projects to spend money on while there are many more hungry bidders out there than husky

[autofocus111]

I agree HSE has lots of projects they could spend the money on. The main advantage of buying this asset is it's already producing so they'd get an immediate new source of cash flow at a time when oil prices appear to be in a rising trend. I read somwhere that this is a light oil play, while HSE does only heavy oil out west... not sure if that would be of any benefit to their refning

[mrbb]

I believe there is always a good time to buy or sell, at the right price. Funny that Cenovus wanna sell weyburn, who doesn't like to have an asset that spew out steady cash flow? Didn't hse just finish selling off their light oil assets? I'll let guru Scottie99 the opportunity to donate a small bit of his treasure trove of inside info.

[mrbb]

[SQCConsulting]

Whitecap resources purchased it.

[justlooking4]

Whatever you think mgmt is planning, it will not benefit the retail shareholder. This stock is not for us, it is for LKS, so the minority gets screwed over time and time again. It is illegal, but when you own 70 %, you can get away with it. I am holding hoping for a shareholder lawsuit so I can recover some of my losses. My average cost is $ 24, and I have been royally screwed by the board of

[SQCConsulting]

Have a snickers...

[believer123]

yeah 24 is pretty high,  how many shares do u have?

[justlooking4]

Unfortuneately, 2,154 shares of this pig of a stock. 

[believer123]

well im sure the majority Lakashing chinese guy bought these shares at a much higher price when he took over the company, HSE was around $36!

[Scottie99]

This post has been removed in accordance with Community Policy

[Scottie99]

This post has been removed in accordance with Community Policy

[mrbb]

[mrbb]

Get a job. https://www.youtube.com/watch?v=GlRQjzltaMQ