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

RE:RE:RE:RE:RE:RE:Incident at the new refinery

[Olympic]

Third major incident in two years ... perhaps enough to establish a material operation/health/safety concern.  Some analysts are revising their views that HSE can close the gap on the sp multiple - revising down anticipated target price for sp.  Yesterday's pull back was completely over blown ... $1.3B lost in market cap in response to the fire/explosion at a refinery with <$150M annual FFO.  I suspect the days ahead will see a partial recovery on the share price.

Really unfortunate ... with Q1 results beating the street, we might otherwise have seen 52 week highs tested (even with the unexpected decrease in production guideance).