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

Conference Call

[Dogsbreakfast4U]

There was an omminous tone to the conf call. Not a word about dividend or share buyback or any kind of return to shareholders. Peabody sounded depressed. I have a sense that heads are about to roll. If not they should.

[oilandgasmick]

Agreed, time for a real change. Somebody like the new Cenovus boss would be a good move. CVE still has over 7B in debt, pays a low dividend, doesn't have much in the way of refinery capacity and of course it is still very dependant on WCS but despite all this the stock has done reasonably well of late. He has brought confidence back to the company. That's always key.

[dpfor3]

I was lucky and bailed at $11.20 right off the open. No dividend increase signals they are nervous about what may lie ahead. I’m thinking we’ll see a recession in the next year, if there is no trade deal between the US and China.  If a guy held on over the next 5 years, i’m sure they’ll do well, but in the short term I don’t see any reason to hold on. The entire Canadian energy sector is just

[onec007]

I averaged down signifcantly today... My avg price is now $10.94 FCF is disappointing, but net debt and overall dividend yield are good.  When WCS collapsed Husky's refinery business lead the way. This company's market cap is just over $10 billion when tangible book value pegs it at $18.    I dumped Cenovus for this simply because I think I can make my money back

[oilandgasmick]

Yeah CVE still has a very low dividend, high debt and poor earnings so I don't know why Egg-Head comes on here to taunt us. I think that if they had just increased the dividend from 12.5 cents to say 14 cents then it was very doable (when you have 2.0B in cash on hand) and it would have sent the right message- we are doing exactly what we said we were going do in our guidance. But of course

[Scottie99]

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[oilandgasmick]

Well with 2.5B in cash on hand they were certainly able to increase the dividend--no problem at all.  When you come on here to taunt the board with your "nah-nah-nah-nah-nah" junior high stuff, at least take the time to read the release.

[Scottie99]

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[wheeloffortune]

If they announce an NCIB, speculators won't sell for single digits, but hold out for double digits.  I like that insiders own over 70%--it means they've got skin in the game and it's hurting them as much as the rest of us and pressuring them to turn the company around which will benefit the remaining investors.

[oilandgasmick]

Sure hope you are right. I wonder why a guy with LKS's financial power can't find financial support for the stock especially when you consider that the stock is trading well below book value. I assume that his buddies alone (probably at least a few billionaires in the crowd) could vacuum up most of the float overnight with their cash reserves but instead LKS seems to have sat back and

[Scottie99]

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[Scottie99]

This post has been removed in accordance with Community Policy