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

RE: Thoughts

[smarmy]

I hope that valuation is accurate. I'd be happy at $24 and change. Of course I'd take a higher offer... Given the current state of the O&G equity market for companies not in takeover mode, it would be a long time before LKS would see that kind of share price. He is only able to crystallize profits for Hutchison Whampoa by selling, and if Husky were to announce that they were no longer evaluating strategic alternatives, I think the share price would hit $14-15 in the short term. However, I re-iterate that, IMHO, LKS is likely a very patient man, and will not give Husky away for a song. The more potential bidders he brings through the data room, the better his chance of getting his price. Here's hopin' Smarmy