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

RE:RE:RE:RE:This is not normal

[oilandgasmick]

|I don't believe he is going to get much "on the cheap" when we look at how many assets are on sale in the Western Canada Basin. He has a paper loss of $9B in the last year and right now that's about what the entire company is worth (according to the market) so unless he knows somebody who is willing to pay unworldly prices then he has to rely on a price recovery just like the minority shareholder to get his money back.

Agreed that Peabody and Symonds are just marching boys, I don't know what they have for shares but really, who cares. Maybe they can fetch LKS and the pups a coffee when they show up in town- if they ever do.

As a case in contrast, look at how CVE has recoved from their "big mistake." They went from 2B in net debt to 14B in debt thanks to a disastrous and thoughtless deal by their now departed CEO. Then they bring n some one new who understands the problem and he sets his sights on debt reduction. They still have a long way to go but look at the new sense of confidence surrounding the company and how analysts now have them rated as a buy. I think there is still more risk to owning CVE as opposed to Husky but clearly the perception surrounding the company has changed.

Why can't Husky do the same? Like I said, bewildering.