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

Husky retail biz

[autofocus111]

So here's Canadian firm CoucheTard  making another big move in USA while HSE gets left in the dust.

>>>The owner of Circle K is angling to sell a chunk of its gas stations to quell possible antitrust concerns as it eyes a possible acquisition of the Speedway chain, The Post has learned. Alimentation Couche-Tard — a Canada-based convenience-store giant whose chain of nearly 8,000 Circle K stores in the US includes 5,900 gas stations — has launched a process to sell 1,250 gas stations that are near Speedways, sources close to the situation said.Couche-Tard is looking to raise about $4 billion with the sale, which would likely be contingent on a deal to buy all of Speedway’s 3,800 locations from Marathon Petroleum. Marathon, which recently revived an auction of Speedway after it got derailed in March by the coronavirus, is being prodded by billionaire Paul Singer to divest Speedway.



https://nypost.com/2020/07/08/circle-k-owner-angling-to-sell-gas-stations-amid-speedway-deal/

[Frederic]

What a weird comment to make about husky !  Just sell the stock and get out .. Go buy couche tard and leave your bitterness to your self 

[autofocus111]

What's weird is that HSE, facing a financial crunch, decided to suspend the long-discussed sale of its non-core retail biz to raise cash. CoucheTard was one of the likely suitors for that business. And why would I sell at a low? Sheesh. >>>The company also announced it has suspended the strategic review of its Canadian retail and commercial fuels business, which could have led to a

[Frederic]

You have to chill ! Either you trust management or you don't . I trust them and know all things will be great in time . i have lots of time , no rush here . I'm considering buying more at these levels as people are being foolish and scared right now 

[autofocus111]

HSE put the sale of its retail chain on the backburner. Meanwhile Marathon cashed in.