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



TSX:HSE.PR.B - Post by User

Comment by konzelmannon Aug 15, 2016 9:40pm
202 Views
Post# 25144438

RE:dividend

RE:dividendPretty sure I read somewhere a quote suggesting that as oil gets to $50 US, Husky would start to eye reinstating the dividend.  They have to be conservative because they certainly do not want to reinstate it and have to yank it again. 

Hard to say when exactly that would be, but I suspect that it will either cause the share price to go up substantially, or the share price will already be substantially higher.

Making a call on the dividend or the share price is almost purely a about making a call on the price of oil.  I think we'll see $60 oil in less than 12 months, so I think we'll see a dividend in less than 12 months, and a much higher share price as well.  But it's all about predicting the price of oil, which is something that a lot of brilliant people have made a lot of incorrect predictions on.  
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