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

RE:BP-HUSLY ASSET SWAP?

[mrbb]

SQCConsulting wrote: BP to pull free of tar sands and into Canadas forecourts Oil giant to swap assets with Li Ka-shing John Collingridge April 23 2017, 12:01am, The Sunday Times Tycoon: Li Ka-shing BLOOMBERG/GETTY BP could swoop on hundreds of petrol stations across Canada as it considers quitting the countrys controversial tar sands industry. The energy giant is understood to be mulling a 1bn deal to swap its tar division for local operator Husky Energys petrol forecourts or natural gas assets. OMG I hope this is not well founded. _______________________________ BP is keen to shrink its exposure to capital-intensive heavy oil exploration projects such as tar sands, and bulk up in retail and gas. Husky, controlled by Hong Kong tycoon Li Ka-shing, has about 500 service stations stretching from Vancouver Island to Ontario, and is also big producer of natural gas.

a no cash deal is possible, I think to hse, sunrise has better upside than gas stations. I think all foreign oil companies want out of Canada. Why not? With increasing regulation, carbon tax, no tidewater export pipeline, liberal and NDP premiers, foreign big oils have better fish to fry elsewhere. It is NOT that tarsand is bad, it is the Canadian business environment. Practically all foreign big oil have already sold off the conventional light oil assets in Canada long ago. Tarsand was the last piece of attraction they kept but with trump at helm and more competitive china & EU, our feminist trudeau gonna pull down Canada until we vote him out. Meanwhile, trudeau hoping we overlook all this as we smoke legal marijuana and learn about sharia law.