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

RE:prediction: large share buyback on the way

[oilandgasmick]

I knew there would be no buyback but I thought that a nominal increase in dividends (as per guidance) would placate the market and send the right signal. Not so and obviously the market is very unhappy about it.

Wow, this Peabody guy is sure no salesman--career as an undertaker woud have been preferrable. He simply blurts out a canned statement like he is reading from a textbook. Oh well, typical oil patch guy.

Nothing wrong with earnings though, balance sheet still rock solid unfortunately Canadian energy stocks getting hammered again today. Looks like a very long road back for the industry.