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

Oilsands is dead

[Wynjoe]

Major investors will not touch this,and big holders will gradually exit.Husky is finished!!!

[oilandgasmick]

I guess you mean "Oilsands are dead" because its plural, not singular. Here are a few facts for the tragically misinformed. Alot of HSE production does not come from the oilsands. Some of it comes from in-situ thermal projects that have absolutely nothing to do with oil sands operations. Another chunk comes from offshore light oil on the East Coast which again has absolutely nothing

[mrbb]

husky has no surface mining at all.  Their SAGD are comprised of numerous 5000 to 10,000 bo/day projects. The project design is cookie cutter style so that once a project is depleted, it can re-use most of the equips in the next project, and save on engineering design as well.   

[oilandgasmick]

Thanks MRBB--its another example of people with multiple handles who come on here knowing nothing about anything. As you say, HSE is not an oilsands player.

[mrbb]

Oilsand is a very loose and vague term. The media portray oilsand mostly as surface mining since it can be photographed, the public sees the photos and relate oilsand as mining oil. Only ~20% of oilsand reserves are extracted by surface mining, ~80% are extracted by SAGD. Husky is more of a heavy oil player but uses SAGD to maximize recovery.  Without SAGD, heavy oil recovery is about 5 to 15

[Oasisjunior]

Thanks for this post,,,,, I appreciate fact and you stated it well. Husky lives on,,, load up it's cheap.

[oilandgasmick]

Meantime I am hearing (not from the EIA which is very biased with its American production numers) that USA pumpers have seen a very rapid decline from 13M bbls a day to 9M bbls a day and the oil crisis is only 2 months old-- and this time private equity does not want "in" to the fracking game-- it wants "out." Having said that, HSE is not a guaranteed survivor. Even though the

[mrbb]

saudi wealth fund buys into oilsands https://calgarysun.com/pmn/business-pmn/saudi-wealth-fund-builds-stakes-in-canadian-oil-sands-giants/wcm/17c174f2-26a9-4cf1-a147-ff764548b24d?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR1zueaJq80vfa8WCEcmIqR7tZYVmwMKiUDdKzZfRuUzQexBruR-mew2ZvI#Echobox=1589676838  

[autofocus111]

Funny. SA waving a big middle finger to USA I guess.