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

$447.00 per Preferred Share worth of Equity?

[RagingBull3]

HSE Shareholder Equity about $16 Billion.   Number of Preferred shares  about 36 Million.  

16,000,000,000 / 36,000,000 = $447.00 Approx.  

Of coarse this is omitting the commons.   

I view this as "insurance" in an event of Bankruptcy.    My thinking could be wrong..... Would like others opinion on this.   What say you?

[Oasisjunior]

$447.00 per preferred,,,, I'm rich I'd like to cash out now please!! Cha Ching.

[RagingBull3]

LOL.... Unfortunately, I think $25 is the Max the Preferred would get in an event of Bankruptcy or going private.  Ironically, it could be a "Win" for Preferreds in an event of Bankruptcy.  Anything left over goes to common shareholders.    Again, just my opinion/understanding.... could be wrong.

[Oasisjunior]

Again,  my opinion Husky's debt is way off in the future, yes there is a bunch of it to deal with, the next quarter will be brutal!, no global movement no revenue, but on the other hand, this could be a buy opportunity for many people, and for others that do own the preferred shares a nice safe place to park some money with a decent return and potential growth from 11.00 to 25.00, i'm

[RagingBull3]

Market also runs on Emotions and Greed.   Nothing is "safe".