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

162000 Bought @ Close

[GolferWannabe]

Well that was an interesting end to the day of trading, more than 162000 shares bought at the end.  I've looked at the financials again before I bought as much as I could today, and I'm confident that at less than 8 times earning sooner rather than later that people will stop goofing around with their hard earned cash and either hold the shares they currently own, or buy more of this solid company that has more room to go up rather than down.  It's insane how so many proclaimed intelligent and insightful investors keep choosing to buy companies that make none to very little profit because they think it has the potential to be better (e.g. Cenovus), when they can basically have both almost guaranteed by buying HSE since it is making a profit, and is probably going to just get better from here on for two reasons...either it acquires assets at a great price, or is acquired at a great price (either way it's a huge win for shareholders.

Anyhow, I live close to two of the three main operations that they have, and I must say, I haven't heard any word from friends and others who work for them that the company will not be making any profit any time soon.  Just a few thoughts.