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

RE:Consolidated Ownership of Sunrise

[SQCConsulting]

Just based on what happened and is still happening to Cenovus shares after their purchase, I would stay away from this purchase at all cost unless it is a firesale price and fits nicely within their overall plan. What has happened and is still happening to CVE is tragic for their shareholders. I think Husky will concentrate on WWR and Liwan area gas production (last news release) as opposed to oil sands...Gas is poised for a solid ramp up in price and the nature of the oil from WWR (which is in demand) are winning long term plays. We will see the 5 year plan at Investment day but this is where I believe they are headed in terms of growth not the oils sands again unless it is just to good a price to pass up.