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

Street- Dramatic Change in Opinion

[Dogsbreakfast4U]

Below is what TD was saying about Husky in the Spring of 2015. Oil was trading in the mid $50 at the time. The stock was trading at $25.85 and they had a $34 12 months target price. The latest note (27 Oct) from TD states that at $16 the stock is fairly valued. They now have a $17 price target.

When the stock was trading at  7.9 X 2015 EV/DAFC and a P/NAV of 74% it was deemed <<too inexpensive to ignore>>.HSE now trades at 6.0 x 2017 EV/DAFC and a price to NAV still well below a 100%

Now you tell me why the stock target price was sliced in half and with similar metrics is no longer too cheap to ignore at $16!!

I could not stop laughing when I read <<very low risk of a dividend cut>>. 

<<TD Action List 2015

Husky Energy Inc. HSE-T: $25.85; 12-Month Target: $34.00 Menno Hulshof, 403 292 8658 We added HSE to the Action List in December 2014. It remains well positioned to ride out further weakness in oil prices given a pristine balance sheet, low sustaining capital requirements, and a very low risk of a dividend cut, in our view. In addition, the mega-project development risk has largely been taken out of the story with Liwan now producing and first oil achieved at Sunrise in March. While broadly considered one of the more defensive energy names, we note that HSE was the worst-performing integrated in 2014 after Cenovus Energy Inc. (CVE-T), having fallen 18%. This was on par with the iShares S&P/TSX Capped Energy Index ETF (XEG-T). With the stock now trading at only 7.9x 2015E EV/DACF and a P/NAV of 74%, it is simply too inexpensive to ignore, in our view.>>

[mrbb]

Could this TD analyst and Scottie99 graduated from the same economic school?

[mitochondria]

  Thanks for that post Dog, excellent post.

[SQCConsulting]

Its all well and good to do research and present it, but it completely useless without analysis or interpretation. Tired of reading posts that completely lack insight. I have closely followed the stock for 5-7 years. I already know about what was and what is...I want to know the whys.That post was completely useless. At least Mr BB and Scottie try are focused on the whys.

[Scottie99]

This post has been removed in accordance with Community Policy

[mrbb]

None of dot com analyst were penalized or face jail time. Until you invent a way to penalize or jail analysts who made bad call, you are sounding like mr scottie goody 2 shoes who just stating the obvious.fact that all investors have to deal with.   BTW, how is your initiative to start a class action lawsuit against HSE's BOD coming along?  

[autofocus111]

Who cares? How can anyone have any credence in what a '1 star' TD analyst has to say? https://www.tipranks.com/analysts/menno-hulshof Hey Menno, Really? High risk? No catalysts? You want a catalyst... maybe put out a Buy rating, ya dickwad. >>> Analyst: Menno Hulshof Recommendation: HOLD Risk: HIGH 12-Month Target Price: C$17.00 Current Price C$16.09 TD