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

Even Cenovus is Doing Better than Husky!!

[indoubtgetout]

I'll bet Jonathan McKenzie (former CFO at HSE) now CFO at CVE is jumping for joy that he left HSE.    WHY CAN'T HSE GET IT RIGHT!  WHAT IS THE MATTER WITH THIS COMPANY...IS IT PEABODY?  IS IT BECAUSE IT IS OWNED BY THE CHINESE?  ARE THE EMPLOYEES AT HSE THAT BAD?  WHAT GIVES!!!!?????

[mrbb]

at least hse didn't to crying to Notley asking for production curtailment.

[stockfy]

HSE, IMO and SU are the most integrated names in Canada, so it's normal that they do not move much. Typical reaction. If you want strong move upwards with WTI rising, pick an upstream name with a strong balance sheet.

[dinkdestroyer]

They are one of Canada's major oil names yet they have no listing on a major exchange in the U.S.. That is a serious impediment to the stock, having vitually excluded a lot of investors, big and small. It has put itself off the radar, why I don't know.

[mrbb]

US investors aren't interested in cdn oil/gas.

[jwallingf]

Apparently no one is interested in Canadian oil and gas. That suggests this would be the perfect time to load up. HSE, CVE, CPG, WCP. All dividend stocks with yields ranging from .7% to 5.66%. 

[downwithdotcom1]

CENOVUS is about to have a absolutley BLOW OUT quarter-WHY??? simple - look at what they predicted for WCS vs what is actually is at in their price sensitivities section..Hundreds of millions of dollars to their upside. HSE could turn the corner if they can get their operational story together...also, just imagine what a STEAL taking over MEG would have been. (what with WCS at the absolute bottom

[mrbb]

now you are saying it so, hindsight is 20/20. Although hse didn't catch the absolute MEG's bottom, i was supporting the takeover but the market didn't like it as hse share price dropped on the takeover announcement.

[oilandgasmick]

I don't think HSE screwed up. Meg also had over 3B in debt that they had to absorb and it was a one trick pony in terms of plays. What guarantee is there that WCS will stay at these levels?  Once the production cuts end who is to say that we don't head back to 10 bucks? There was ample time for other companies to make another offer for MEG but nobody bit on it so if HSE screwed up

[mrbb]

 of course cve look good now after they were head below water. you miss the point of hse wanting meg. Low WCS  price is the reason they want meg, the lower the better.  SU and HSE are very vocal against the production cut.  So, $10 WCS is what hse/su want.  

[autofocus111]

mrbb "SU and HSE are very vocal against the production cut.  So, $10 WCS is what hse/su want." Not necesaarily true for SU. I believe they produce a net surplus of oil, so a combination of high WCS/syncrude prices and a high crack spread (very high fuel prices) also works. That would also apply to a larger HSE+MEG company. If I'm not mistaken, MEG had tax losses that HSE

[mrbb]

SU was very vocal against production curtailment, even more so the hse.  I believed IOL also against it but didn't publicly say so but did in action, by haltiing all railing export of bitumen. https://www.jwnenergy.com/article/2018/12/suncor-slams-alberta-oil-production-curtailment-2019-budget-announcement/   Due to timeline limitation on takeover, i would have like hse make a

[autofocus111]

mrbb Yes SU was opposed to oil production curtailments, but not necessarily because they want low WCS prices. Quite the opposite actually. I might be mistaken, but I believe that SU, unlike HSE, produces more oil than their refineries can process. They export the excess bitumen and syncrude oil to USA (and have contracted pipeline capactiy to do that), so in that regard they would prefer WCS

[mrbb]

HSE isn't against high WCS price and good crack spread, problem is you can't have both at the same time. You can explain away on SU like high WCS but bottom line is SU, HSE and IMO don't like mandatory production curtailment. Inventory problem isn't fix, WCS starting to widen. Curtailment didn't really fix anything other than saving CVS, CNRL and MEG at the expense of SU, IMO

[autofocus111]

Dude, you stated "SU and HSE are very vocal against the production cut.  So, $10 WCS is what hse/su want." I'm saying that's not necessarily true they want $10 WCS. End of story.

[mrbb]

Read my lips, I also said hse can't have both high wcs and high crack spread at the same time, gotta pick one. I said hse prefer low wcs which mean prefer high crack spread. Your story is cherry picked

[mrbb]

that's what i've said, hse prefer low oil prices                       https://globalnews.ca/news/5206967/alberta-oil-curtailment-husky-energy/    

[onec007]

I am much more in favor of CVE over Husky. Cenovus has a little more risks, but way better reward and given how strong oil is now dividends and shareholder reward will be more likely with Cenovus. I agree that the past management over paid COP assets but Cenovus did an amazing job at reducing debt by selling assets and using FCF. The net debt is just shy of $8 billion and this year they should be

[oilandgasmick]

The Dividend Yield on Cenovus shares is around 1.4% versus 3.3% for HSE and Cenovus probably won't be able to substantially increase dividends in the next 2 years since they have publically stated that most free cash flow is going to go towards debt recuction.