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

RE: When P follows E

[smarmy]

unfortunately, O&G stocks tend to trade on a price/cash flow relationship, rather than price/earnings. In some ways this is very screwy, but that's the way it is. O&G companies re-invest their cash flow to increase their NAV, which results in a higher share price. as far as the upgrading revenues as impacted by the heavy oil differential, I really don't know what sort of impact that will have on Husky's Q3 - I don't have enough knowledge of that side of the business. I do know that HSE also produces a mittful of oil and a large amount of gas, and both commodities' prices have taken a S***-kicking. I guess we'll know soon enough! good luck, Smarmy