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

RE:RE:RE:RE:RE:What the Huskey?

[oilandgasmick]

This TD blurb is typical of so much of this analytical junk that emphasizes production over profitability.

Its most prevalent with the shale frackers in the U.S. where the industry has wildly ramped up production while most individual companies have a mountain of debt and little or no free cash flow. Its a ponzi scheme but no one dares to say anything because its American.

In Canada, the industry is constantly criticized for everything. A 2% production miss for HSE is nothing. The  blurb does not mention that extrapolated to an annual basis, earnings would be north of $2B a year while net debt is 2.6B. This is a truly extraordinary metric in an industry that is in very serious trouble. I am simply unaware of any energy company with a better balance sheet. Perhaps someone can post an example and prove me wrong.

Well, probably more troubled waters until this MEG thing is decided. I am still waiting to see the White Knight on the horizon--he must be on holidays or is simply retired along with so many people I know in the industry.