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

Tide Turning

[oilandgasmick]

https://www.eia.gov/dnav/pet/pet_sum_sndw_dcus_nus_w.htm Look at this table and note the 100K+ decline in oil production for the last week. That's a huge number compared to the relatively small declines of previous weeks. There is no doubt that the trend is downwards and that declines are starting to accelerate. Right now, these numbers are nowhere on the financial media's radar (they don't even mention it) but watch for it to break below 8.5 million by early July. That's over 1 million bbls in decline for one year. Then, as always happens, the so called experts will wake up to the news that was at their finger tips. Yes, OPEC production is still rising but there is not enough spare capacity to keep up with what will happen in the next 2 years with regards to U.S. production. Also, I know no one on this board is responsible for it but shame on the cowards who are taunting the victims of the Fort McMurray fires for this "karma" junk. There is a day coming when Alberta's oil supply will be more valuable than ever. I hope these cowards are left crying at the gas pumps.