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

RE:RE:Dividend

[oilandgasmick]

I doubt that the initial stock price reaction will be good. I am not sure if HSE is being overly pessimistic here or simply realistic as compared to so many other energy companies. One thing I do like is the continued emphasis (in today's HSE press release) of the proposed sale of assets to pay down debt. Only the clean balance sheets are going to survive this thing. Note that Whiting and Chesapeake (both debt bingers) are down big today and have probably breathed their last. With regards to the sale of 55k of HSE production, any guesses from the posters as to how much that might fetch in this environment? I have no guess as to what the pipeline and storage facilities might bring. Who knows, they might sell a portion of the 1.5 refineries they own in the U.S. For the energy business, it's all a matter of survival now, barring a miraculous turnaround