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

Never 25$

[Husky4000]

Ragingbull, you are daydreaming about a 25$ redeem. 36 millions preferreds at 25$ will amount to 900 millions $$.  For a non-cash deal, that will never happen. I thought you were in them for the yield %...

[RagingBull3]

Yes, in it for the Yield, but if I'm offered/entitled $25, of coarse I'm going to take it. Don't be stupid.  Yes, I'm know most likely I'm daydreaming about $25.... because just like everything else in this world..... BS can be used to explain away why things are being done the way they are. Just like all the BS for over 6 month to explain away why we shouldn't wear

[RagingBull3]

One time cost of $900M is peanuts when they can save $1.2B annually as they claim.

[RagingBull3]

Plus then they don't have to pay Preferred Dividends.   No different than paying down debt basically.  

[rad10]

Raging - if / when the debt to ebitda gets nearer the projected level - you can expect a NCIB or similar.  No way preferred get redeemed at par if they can buy large chunks of them for cancellation on the open market.  Time is on your side my friend.