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

Tightly traded float. Sitting duck for takeover bid.

[EstevanOutsider]

or BMO thinks privitization in the $14-15 range.

Huge company with sustainable reserves and massive infrastructure in a time high decline shale is about to go belly up.

I think HSE and MEG are both good plays here, but I will stick with HSE as it dropped so low it offers big beta without the bankruptcy risk or approaching bond payments.

Will happily sit on the goose egg here.  Whatever move comes, it is unlikely to be a small one.

50% premium

[onec007]

Book value is close to $20 and a 50% is definitely in your target of 14-15. I agree that HSE should be taken private similar to what happened with Canfor. LKS owns so many shares and taking it private will help them recoup lot quicker compared to staying public plus the 500 mil in dividends saving per year can greatly transform the company. The market hates O&G so it's perfect time to

[RagingBull3]

Given the Preferred A shares are trading just under $11, I'm guessing that would imply that no takeover is in the foreseeable future, because in such even I think all of the Preferred will need to be redeemed at $25 !!! I could be wrong... just my opinion/thinking. In any event, rates are heading up.