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

RE:RE:162000 Bought @ Close

[dinkdestroyer]

The algorithims were very short, the news about the drone downing rallied oil futures resulting in covering of shorts in the energy stocks. There is a big short in Crude/Natural Gas futures, and the related equities. When you see this kind of one-sided sell down, energy is usually incorporated in a trading strategy being widely utilized by Quants and Hedge Funds with algorithms executing the strategy. 

My guess is a reversal of the stategy lies ahead, hard to say timing wise but fairly soon. The strategy is long low volatility stocks against cyclicals(like energy).