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

Husky warrants

[egss]

Can somebody explain the issue of the warrants, I presume you must own the common to get warrants. Thanks

[egss]

Got it I think 15 HSE gives me 1 CVE

[Dogsbreakfast4U]

Common shareholders will receive .0651 warrants for each share they own to acquire a Cenovus share with a 5 year term and $6.54 strike price. Cevovus is already trading above the strike price. If oil continues to climb CVE could easily trade above $10 in the short term making the warrants even more valuable. Needless to say you need own quite a few shares for this to be a significant benefit