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

RE:Chances of bankruptcy

[oilandgasmick]

It's possible but I would say unlikely.

They are sitting on 1.8 Billion in cash and as many have said, they can cancel the dividend if this situation persists for another quarter. They also have a 3B credit line that they can utilize if need be and I still believe that they can cut capex some more. I would say get down to sustaining capitall only--forget expansion and new production for now. Look how quickly CVE reacted this morning.

I am not sure when their debt is maturing. Someone on the board will have that answer but their net debt position is much better than many other Canadian energy companies and of course many of the U.S. shale frackers are simply toast now...................barring a miracle.