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



TSX:HSE.PR.B - Post by User

Comment by Seppelton Mar 12, 2020 7:03pm
112 Views
Post# 30801723

RE:RE:Spoke with Leo Villegas from IR

RE:RE:Spoke with Leo Villegas from IRI thought, gas stations are more attractive when prices are low. Not sure about margins (probably higher for refineries) but motorists most likely to drive more when fuel is less costly.
People also avoid public transportation because of the coronavirus and drive instead. Business travelers also prefer driving instead of flying. I know a guy who recently chose to drive to New York from Toronto. And reduced demand for jet fuel doesn’t affect gas stations. 
Also interest rates are falling which reduces the cost of financing. But it’s understandable that potential buyers would rather wait until there is more clarity about the virus and markets.
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