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

RE:RE:Crazy Huge Writedown!

[indoubtgetout]

Special thanks to Robert Peabody and Jeff Hart and minions.   Best that Peabody retire, nobody will want him after his disastorous performance at HSE.   Jeff Hart - well - you have to wonder why he is being kept on at CVE?   He is as much to blame unless of course you want to tie the financial management of HSE back to Jonathan McKenzie (current CVE and previous CFO of HSE).  So either Jeff or Jonathan are to blame on the financial management side.   Writedowns were expected - but this much?  Agreed - A VERY NEGATIVE SURPRISE.   Best to stay away from HSE and if you want to play the combination, buy CVE but DON'T BUY HSE!!!  If the deal gets broken, HSE will trade down to $1.00 and preferreds will sell off by at least 50%....HSE is a financial mess!