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

RE:RE:RE:RE:RE:RE:RE:RE:Husky Energy cuts 2020 budget by $1-billion

[pablo87]

My theory on why HSE share price is so depressed relative to others is that the company is not well understood AND is not given the benefit of the doubt. Relative to a Suncor for example, there is a need to provide more details and educate analysts but then the company is 70% owned by 1 shareholder so the tendency you would think would be to provide less info. 

What kind of detail is needed? Again, in my opinion, sufficient information on each part of the business so that a valuation can be arrived at with the company valuation being the sum of the parts. I understand the parts to be Canadian offshore, Asia offshore, retail, midstream (35%), refining, and conventional and heavy oil.

A good example is West White Rose. A lot of $$$ is being invested not just for fun but to get a return on investment. In the overall, it looks like capex is burning a hole thru Husky's pocket. In reality, they are investing in WWR and WWR on a standalone basis, is valuable today because its going to generate serious cashflow in 2022/23. In contrast, Suncor which owns part of WWR, but its not that material overall, the analysts don't look at the detail I'm guessing and basically give them the benefit of the doubt.