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

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Husky Energy Inc. cumulative redeemable preferred > Duty of Care, Oppression

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Comment by firstworldon Dec 10, 2020 9:24am

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Post# 32075630

RE:Duty of Care, Oppression

Haha none of this matters in Canada and with Cenovus dismal record I would run fast. Great to see this above 6 at least the Chinese know how to make money LOL. If I still held this I would sell. As it is I sold at 6 ish in Q1....

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