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

RE:Not worried,

[Husky4000]

Your math is not correct.  The price of the warrant is 3.50.

Strike price is 6.54 while shareprice is 8.10.
So 1.56 is in the money and 1.94 is Time value.
In other words, the real value of the warrant is the difference between 6.54 and actual shareprice.  The rest is a premium

CVE needs to gain 1.94 in 5 five years (10.04$) to be 100% in the money.