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

711 buys Sunoco stores

[autofocus111]

I posted this on the SU board, but I suppose it applies to HSE as well. Imperial sold their chain. Now Sunoco is selling theirs. Why does HSE continue to hold their retail sales division insstead of capitalizing on what appeasr to be strong demand for such an asset? Does management think its value will continue to increase faster than any alternate investment? What makes HSE's situation so different that warrants keeping the business instead of selling it to pay down debt or fund E&P projects?

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Seven & i Holdings Co. agreed to pay US$3.3 billion for some Sunoco shops and gasoline retailers in an ambitious push by the 7-Eleven convenience chain owner to expand its U.S. footprint with its largest deal on record. The purchase by the Japanese retailer’s 7-Eleven Inc. unit will add 1,108 gas stations and convenience stores in Texas and across the eastern U.S., the Japan-based parent said Thursday in a statement. Sunoco’s retail business includes more than 1,300 stores and reported operating income of US$103 million last year on revenue of US$7.7 billion.

[Scottie99]

This post has been removed in accordance with Community Policy

[SQCConsulting]

I guess Scottie is back on her meds. Her post is actually articulate and well reasoned. Just curious...What were the possible disciplinary actions you were facing for the fraud accusations that you kept on flooding this board with for 2 years? Can you refresh everyone's memory of exactly what your accusation are or are there real consequences if you do?

[mrbb]

SQCConsulting wrote: I guess Scottie is back on her meds. Her post is actually articulate and well reasoned. Just curious...What were the possible disciplinary actions you were facing for the fraud accusations that you kept on flooding this board with for 2 years? Can you refresh everyone's memory of exactly what your accusation are or are there real consequences if you do? yes

[autofocus111]

Perhaps I don't understand the value of retail biz, but if a fully integrated oil company sells their retail distribution chain, I'd expect that contracts locking in fuel sales to said chain would be specified as part any sale. As the Imperial Oil and now Sunoco sales show, there is a lot of value locked into these real estate assets, and with E&P firms still facing challenges in the

[mrbb]

it's tempting to copy what's your neighbors are doing. If they bought a new car, you look like not catching up with the jones. Look at the bad rap HSE got (like from scottie) for selling their midstream assets to strengthen the balance book. Do it they criticize you, Don't do it they criticize you. Autofocus111 you just contradicted yourself.  You like husky to sell their retail

[autofocus111]

Not really. In my view it's already been 'lower for longer'. I think that period ends going forward.

[justlooking4]

HSE has got to be one of the worst managed oil and gas companies in Canada. As oil creeps up to $ 55 this turd is still stuck at $ 15, no dividend, and little prospects for improvement. What a complete disaster this company is.

[Scottie99]

This post has been removed in accordance with Community Policy

[mrbb]

 yah those spinners are a blast to sh!t on. Spinner like you and Justlooking4 earned 16 and 19 ignore in just 1 year since signing on.   On WWR, where are your inside connection that you keep boastng but instead you just repeating some main stream media rhetoric

[mrbb]

yah right, HSE is green for the last 2 days while SU, CNQ, CVS, IMO, ECA were red last 2 days

[SQCConsulting]

...and the same trend today. Why do you think the girls have gotten in a tizzy and started posting their trash talk again. Valuation is clear and tells the whole story. Once dividend is reinstated back into the high teens by the Fall and breaking $20 in early 2018.

[autofocus111]

--- Just more proof minority shareholders don't know what's best. --- Funny you say that in response to my initial comment, and now, a couple of weeks later, exactly this type of strategic move is mentioned in the business news.  >>>BP to pull free of tar sands and into Canadas forecourts Oil giant to swap assets with Li Ka-shing John Collingridge April 23 2017, 12:01am, The

[mrbb]

You said hse should sell their retail gas chain like what suncor, IMO, shell Canada have done. Selling involve converting asset into cash WHICH IS NOT WHAT HSE IS DOING. Husky is proposing an asset swap. Husky did not out of the blue put their gas station or advertised them for sale. HSE saw an opportunity to pick up something better and offered to do a trade. It's a trading up, not a selling