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

RE:RE:RE:RE:Anyone get their calls returned from Investor Relations?

[wheeloffortune]

If they cancel shares, they don't have to pay the current 8.6% divy on those cancelled shares.  The 5 year gov't bond rate is now half a percent, a lot cheaper to borrow money now and cancel shares.

autofocus111 wrote: Okay got it. Per the conference call, management indicated their focus was on maintaining a sustainable dividend. That, along with capex spend to continue key project developments was the stated focus. I don't see how they could do all three (divie, capex, buyback). They did suggest they could trim the capex if necessary to adjust for a lower FFO but with the intent to support the dividend. I suppose they could cut the dividend if this drop in oil prices drags out (which looks increasingly like will be the base scenario after Russia rejection of OPEC+ production cutbacks). If they were to do that it's all but certain ths stock price would take a big hit. That would logically be the time to announce a NCIB. But I for one would not want them to embark on that path until coronavirus is in clear retreat and the economy and oil prices have begun to stage a proper recovery.