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

Sad to say but

[MarkerMarket]

If Trudeau announces the closure of non essential services in Canada (as really he should to get ahead of this virus as much as possible) we will probably see 2.5 today. Also with more oil on its way to flood the reserves in the coming weeks, we will probably see an even further drop. IMO.

[display_name]

I hope so! I only got one 2.75 buy in this morning! Gotta get these sales while you can :)

[MarkerMarket]

Bottom is probably far to come.  I doubt Russia will back down or Iran 

[display_name]

I am happy laddering in - logistically Saudis can only keep output at 12 mil barrels for ~ a year before things become unsustainable on their end due to sheer production & stockpile drawdown logistics - and politically the strain of cheap oil will catch up with sooner than that: https://gulfnews.com/world/gulf/saudi/saudi-arabia-restricts-movement-other-gulf-states-limit-entry-as

[display_name]

oops wrong link! https://www.aljazeera.com/news/2020/03/saudi-arabia-detains-hundreds-government-officials-200316073516389.html plenty of world news to keep up on this morning haha

[oilandgasmick]

I am guessing that there might have been a coup attempt in Saudi Arabia-- in response to the madness of MBS. He's nuts, plain and simple. The response sounds similar to the attempted coup in Turkey a few years ago. As for HSE, I can see us getting down to 2 bucks before this is all over but I am staying calm and cautiously averaging down  a bit.  I find it difficult to believe that

[Scottie99]

This post has been removed in accordance with Community Policy

[firstworld]

I am sure LKS has low leverage and heavy cash, will be a heavy buyer of prime global assets in realestate, energy and infrastructure. He will not be investing a penny in Canada except to buyout HSE at $1.25 and LI family take it public again in 10 years at $14 like any businessman would, if not blocked by communist Canadian gov't LOL.    

[pablo87]

I think that for a commodity like oil, you have both elasticity of supply and demand.  Cheap prices induce consumers to drive more and countries like China (traders, etc) to back up the tanker - and supply wise, capex is cutback and supply is soon to be reduced. Eventually this Corona virus will pass and common sense pricing will be restored. Just need patience...

[oilandgasmick]

Yes, I agree that China is the key and demand is starting to come back on line. I still like HSE (and don't buy into any conspiracy theories about the company) but you have to laugh at LKS and his number 1 supporter, "First World"- a pair of real "strategists." Yes indeed-- from its peak of 36 bucks-- 6 years ago, LKS has lost ($36-$3) * 700M shares= an astonishing $23B

[firstworld]

Haha I am laughing at Canadian Energy investors who were too stupid to exit the moment indiginous mafia crippled the country with some lawn chairs and a banner, or even earlier -the moment socialists and communists were elected and were too weak to even get together in their 84 mth financed trucks for a bockade otnturnnoff the taps. Most of all I laught at the peasants who are haters on globally

[Nakate]

I'm sad thats the way you think you are right

[oilandgasmick]

The way LKS is faring with his investments, he may have to start a "go fund me" page. The proceeds can used for an HSE buyback program.

[MarkerMarket]

Your absolutely right. However, we typically don't see a pandemic when there is over saturation of the market. We aren't going to be seeing an increase in that demand side of people aren't even going out for dinner or entertainment any more. The way people are shopping doesn't seem to be leading to a weekly grocery trip. Unless people get in their cars and start driving in circles,