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

BNN:As oil plunges, the wisest thing is to do nothing at all

[wheeloffortune]

https://www.bnnbloomberg.ca/investing/video/amanda-lang-as-oil-plunges-the-wisest-thing-is-to-do-nothing-at-all~1918067

[oilandgasmick]

That's probably good advice-- panicking on day like today is ridiculous but most of us probably knew that this was coming as of the Saudi announcement on Sunday. Here is a positive to think about: Thank God we avoided that MEG buy because it is now heading for what it is really worth which as far as I can see is very little to nothing. HSE's 10 buck per share offer should have been a

[wheeloffortune]

Good point.  MEG closed at $2.48 today (a $3.10 loss), no divy and still negative EPS.   And we still got $1.775 Billion in cash on the balance sheet instead of MEG.

[onec007]

Agreed! They should be counting their lucky stars that they did not overstretch their balance sheet. I reviewed the past few oil crashes from 2008 to 2016 and Husky this time has the best net debt compared to previous plus their breakeven is much lower. Downside is that they have higher capex but that's just for this year as they have many projects in various phases. If they can pull a rabbit

[oilandgasmick]

And its not just Canadian producers either. Lets look at Diamonback (FANG) a big U.S.shale producer. It fell 45% today (from its Friday close) to end at just over 26 bucks U.S. 6 weeks ago it was trading at around 94 bucks U.S. The market is starting to wake up to the real news on the shale frackers.The question now is how long does it take to see production declines. This is what Putin is

[mrbb]

and the bashers like scottie and eigen call that pull out as a blunder and poor HSE managment.  BTW the offer was $11 in cash and hse stocks.  Meg tops out at $11 when rumor floating around of behind the door negotiation back in spring /summer of 2018 but meg management refused husky offer and hence why husky went to hostile route in Q4 2018  

[oilandgasmick]

Yes, no word today from CVE's super pumper-- stock pummeled by over 50%.

[Scottie99]

This post has been removed in accordance with Community Policy

[mrbb]

so you are saying husky pulling out the meg deal was a smart move but you spinned it as a bad move. If i'm a hse pumper, show me any post where i've gave out high price target for hse or encourage people to buy hse. Show me a post where i discredit anyone who made low hse price target.  All you have on me are blah blah blah.  Been posting in HSE forum since 2000. Since u still