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

RE:RE:West White Rose Suspension

[onec007]

The Dow is already down over 900 points plus oil is down 5%. Most likely the news will be negative given the the reasons above. Interesting that on Husky's website they will provide a business and capital spending plan update in due course. This is interesting given that they already announced 1 billion cut so possibly they might be able to also suspend West Rose so they can bring the capex from $3.2 billion to $2.3 billion to $1.8 billion. If Husky can bring capex down to $1.8 billion and suspend dividend their FFO could be neutral or fairly close to it even at $25 WTI. If the above is true I think analysts will have lot more confidence on Husky as a company that will survive vs. other companies.