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

RE:Duty of Care, Oppression

[RagingBull3]

Although either way it's still a good investment.  Cenovus Preferreds or "Husky" Preferreds in a subsidiary...... $25 now is better and it is what is called for by the terms of the Preferreds in my opinion.   

And there seems to be Legal Precedence of similar cases.   

Again, all just my opinion.

RagingBull3 wrote: I bought into Husky Preferreds, not Cenovus.     This Transaction basically Forces me into becoming Cenovus or Forces me to "Dissent" and cash out without knowing what the Compay will pay me.... As I understand.    I consider a wholy owned "Husky Subsidiary" to be Cenovus, as I believe Cenovus will be in the Driver Seat.

I see no/little Duty of Care of the company to address their contractual obligations and duty of care to Preferred shareholders relating to contractual terms of the Preferreds.   

Preferreds have a contract.   They are cummulative, not convertible.  They have Terms.

Day to day management of contractual obligations I would assume is Managements (CEOs) responibility and probably the Directors as well in this situation.   


All just my opinion/view