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

RE:Ongoing Feds Investigation for Accounting Fraud!!!

[Longvalue]

Whoaaa.... that's a pretty big accusation. Four things make me suspect you are wrong, possibly ridiculously wrong. 1. Husky Energy is not traded on any US exchanges. It is OTC in the US, trading as HUSKF. It is soo thinly traded in the US that yesterday a whopping 267 shares traded hands !!! This begs the question, why the hell would it be investigated by the SEC ? 2. Husky has been selling Royalty lands and packages of their conventional reserves to third-parties, including Whitecap. Furthermore, according to Bloomberg Husky is selling another $ 400 million to CPG, CNQ, and PE firms. (https://www.bloomberg.com/news/articles/2016-05-11/husky-said-near-deals-to-sell-5-e-p-packages-for-c-400-million). If there are issues with booked reserves, why are all of these people buying, and paying market value for them ? Doesn't make sense. 3. I have never heard of an investigation into and O&G company with regards to booked reserves by Federal authorities. Not saying it hasn't happened, but I haven't heard of it. It seems like investigating O&G reserve claims would be among the LOWEST priorities for any regulator, who are already undermanned to deal with legitimate cases of accounting fraud. 4. Your post title is quite alarmist "Accounting Fraud", yet in the body of your post you talk about incorrectly booked reserves. I don't think the two quite match.