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

WCS differentials have risen $5 per barrel since Oct 1

[Rational43]

$12 Diffs for WCS are unsustainable, when it takes $16 minimum to ship by rail to clear the market.  

Husky will be generating a lot higher profits on upgrading and refining this quarter, and in future quarters.  

When the new IMO 2020 Sulphur restrictions on fuel oil come out, its going to hammer WCS and be license to print money again for Husky, which is why they are spending CAPEX on rebuilding more heavy oil processing capacity.

Bunch of clowns playing checkers today, when they should be playing chess and thinking a few moves ahead.

https://www.imo.org/en/mediacentre/hottopics/pages/sulphur-2020.aspx

[mrbb]

Correct.  Husky reward will come in 2021 as their major captial projects start printing money. I believe Peabody had said that before as well.  I also expect a trade deal between china and US by 2021. Standard of livining is tied to energy consumption. If africa, china, india, south america all want to live like the westerners, energy consumption has to go up. Wind mill and solar

[Rational43]

We're about 30 days away from the Media and analysts talking about falling heavy oil prices, as happens every winter, and the impact the new IMO Sulphur standards will have on Canadian WCS on a sustained basis.   Probably 60 days way from the industry analysts piecing together what that means for Husky, and about six months away from the earnings estimates being raised for 2020 and

[oilandgasmick]

Thanks for the post and for bringing a bit of "rationality" to the discussion. As people have stated- differentials are way down, WTI is way down, insurance costs are up,curtailments are an issue and CAPEX has not yet seen the anticipated substantial declines so what can you rationally expect? Despite all, they covered dividends with cash to spare and production was in line with

[onec007]

I read most of the posts here and I think investors and analysts are way too cynical. Husky's daily production has decreased YOY, but it will still grow to 100K per day by 2024.  Dividend is well covered.  Yes, the company is spending quite a bit still on capital hence the lower FCF compared to other competitors.  With Husky and pretty much the entire sector you will require

[onec007]

I should also note during the call management has mentioned at least 4x "return cash to shareholders." Capital costs are high as they are growing but eventually it will greatly be reduced once these costs have incurred and these projects start coming online. 2021 is their cash inflection point! Whether they increase the dividend or announce special one time dividends or buybacks is

[mrbb]

NG will be cheap for rest of my life due to shale gas. Shale oil is mostly not profitable and only a few big permian player can make it.  Big benefactor of cheap NG is oilsand producers. Oilsand players without downstream operation like meg, cenovus rely of hedging which only buys them couple of years, then notley's curtailment saved them.  I hate gov't choosing winners and