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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Getting Ready to Buy more Preferreds... ~10% Yields !!!

[RagingBull3]

"as it is now".... Problem is, they don't Reset NOW.  !!!    LOL    Some reset in about 5 years from now.    LOL...    

If you want NOW... then you are looking at +10% Yield on some of the Preferreds!!!!   Funny how you can think NOW applies to 5 years from now.

In 5 years, who knows what the rate will be.   We are sitting at the bottom now (BoC basically said this is the bottom).   No were but UP from here.   Plenty of time for rates to move up.   We have 5 years to go on some.   

indoubtgetout wrote: You take the "reset rate" plus the five year govt of canada yield to maturity as it is now.   Then you times that by $25 and that gives your estimated cash dividend on the reset date.   Then you take this estimated cash dividend and divide by the current price of the preferred share that you are looking at and that gives you the current reset yield.  I think we will see 12-14% yields on HSE preferreds at some point unless Peabody and management can get their act's together.   HSE is rich on good assets but VERY POORLY MANAGED.    Victor Li and his father are not managing HSE very well.   While it is good to invest alongside a large shareholder, the bad side of things is when they drop to ball which they have very badly, minority shareholders suffer like they are now and there is nothing they can do to change things.   Very sad to see HSE stock price soooooo looowww!  Its a freak'n disaster.