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

Free Cash Flow Update

[Dogsbreakfast4U]

https://huskyenergy.com/news/release.asp?release_id=1851977&utm_source=HP&utm_medium=INV&utm_campaign=iday

[oilandgasmick]

Maybe these guys are finally getting the message. Put more cash in the hands of the shareholder. Peabody is saying that dividends are set to increase and I say the sooner the better. Now they have a sustainable 5 year plan for dividends and that should capture the interest of the pension funds which in turn means some increase from these miserable share prices. Husky was always seen as a place

[pablo87]

The stock is ridiculously cheap. For a reason. There's simply not a lot of faith. So Peabody trots out a 5 year plan to convince investors otherwise. But have they changed the BoD composition? Nope. That said, it is very, very cheap, hard to go wrong here.

[Dogsbreakfast4U]

I heard Peabody state a year or so ago that the leadership had decided to make Husky more of a growth stock. So much for that with the stock trading at all time lows. Now they seem to have reverted back to the dividend income model has it was pre 2015. The market is confused and was badly burnt previously with the elimination of the dividend. It's now a show me story with no one in a rush to

[oilandgasmick]

Agreed, it will be a long road back for HSE and many other Canadian energy stocks that were once thought of as "must haves" in a dividend portfolio but at least the announced change of direction is in place and perhaps marks a turning point. The market will be looking for a dividend increase when the next quarterly results are announced. Let's hope that something like this happens as

[oilandgasmick]

I was relieved today to see that CNRL bought Devon's reserves and not HSE. Even if it was a good deal, a multi billion expediture by HSE would have further punished HSE stock and we could have been looking a 9-10 dollar share price. The one thing we have right now (that the market still likes) is the relatively clean balance sheet and that would have taken a hit-- even if it was a good long

[borne2run]

Huge win for CNQ.  Husky was never in the running.  CNQ's market cap is  almost 4 times that of HSE.  CNQ purchased the Devon assets with their platinum credit card, Husky would have had to mortgage the farm and issue shares at a multi-year low.   For Husky, those terms would NOT make for an accretive acquisition. If you own shares in Husky, you definitely should

[oilandgasmick]

Agree that CNQ was in much better shape than HSE to take on an acquisition like this. Notice that HSE's price slide has been arrested since the new 5 year guidance with particular reference to increased dividends. Its a dividend stock (always should have been) and now that the market has at least heard this being stated from management then some interest starts to creep back in. Pension

[pablo87]

Tried to go thru the presentation, 185 pages...also known as we like to say nice things to investors... might of been less work and more effective for example to say the 5 year plan is to increase the dividend a minimum of half a cent per quarter for the next 20 quarters ($50M per year incremental cost).

[Collateral]

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