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

Nice Move But...

[Dogsbreakfast4U]

From a technical standpoint it's not a buy until it breaks $18 convincingly . We may see this sometime before May next year if oil prices stay abobe 55 WTI and there is not some unforeseen negative news.

[SQCConsulting]

It won't break that until they re-instate the dividend.

[oilandgasmick]

This dividend issue is so frustrating when it doesn't have to be. If HSE reinstated a modest dividend of 5 cents/share/quarter then the fund managers would drive this back to 20 bucks a share in the space of a week. The company can easily afford it thanks to a great balance sheet and rising cash flow numbers but they are simply too stubborn to go the extra 2 ft. for the shareholder. I always

[GoldOilInvestor]

Husky operation in North America is shrinking. However, they have a big natural gas operation in China. I heard Li Kasing invested $6 billion in south China sea. I have a friend working in ShenZhen, their regional office. They are making a lot of money now. In particular, China is experiencing a gas shortage due to its coal to NG conversion. The price has increased 80% this winter. Now the

[mrbb]

don't forget Madura gas and liquid sale commenced ~ August 1, 2017 Contract price isn't as good as Liwan gas but still garnish excellent netback compare to north american gas prices.   BD gas field is located in Madura Strait at a water depth of approximately 55 m. Main production facilities included one unmanned wellhead platform, one FPSO and four production wells. Currently, the

[mrbb]

Husky said on Tuesday that gas prices paid to the Liwan project are being adjusted down to between C$12.50 ($9.54) and C$15 per thousand cubic feet of gas, in a new contract that's back-dated to take effect in November 2015. That's about 13 per cent less than the $11 to $13 Husky was guaranteed under a previous contract. versus barekt 2 CAD within Alberta https://www.gasalberta.com/gas

[Dogsbreakfast4U]

Well it looks like we have broken through $18 relatively easily today with a reasonable volume for 2 January. If the price can hold for a few days, $20-21 should be reached relatively soon as we approach Feb and the dividend announcement. Things are therefore looking good. Let's hope we don't get some bad news before then.

[believer123]

I don't want to spoil the party but keep in mind WCS is pretty crappy right now, at around $35 - even though WTI is rocketing above 60 This could hold off any dividend annoucements - unless WCS skyrockets which is unlikely due to new CNQ and suncor production. The crack spread is also getting smaller meaning less profits Might be a good time to sell out

[SQCConsulting]

What would you put the percentage of their operations are oil sand based (25?) Not sure this hits HSE as hard as it does say CVE.

[believer123]

Well I'm sure it's s good chunk, hse produces a crapload of heavy oil. They have good refinery profits but at the current crack spread it's not going to be much All the big boys like shell and concophollips left heavy oil likely bc of the crappy wcs price. Light oil is much more profitable

[SQCConsulting]

Indeed, but with Asia, Atlantic and other ops I am not sure it is much more than 25%...Their legacy originated with heavy oil but its not a make or break for the overall operations. They are considerably more diversified.

[mrbb]

The foreign big oil left because of carbon taxing by liberal gov't and anti pipeline by general libtards