TSX:HSE.PR.B - Post by User
Comment by
autofocus111on Oct 25, 2020 3:43pm
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Post# 31778804
RE:RE:I think Husky is a better company and prefer it to pivot out
RE:RE:I think Husky is a better company and prefer it to pivot outGoldOilInvestor I don't see any good reason for CVE-HSE to divest this asset. The contract pricing is great, and it will generate decent profits for years to come, since natgas has a long runway in the transition to greener energy. If any assets do get sold, I suspect it might be the Atlantic Offshore biz (preferably only after the oil market stages a recovery in a year or two so there isn't a huge writedown on a sale). SU is a minority partner in White Rose and would be a logical buyer. There will be significant job cuts in this merger. That could put added pressure on the government to invest in the West White Rose project to keep it alive.