|Bid||7.76 x 100000|
|Ask||7.87 x 100000|
|Day's Range||7.66 - 7.66|
|52 Week Range||7.66 - 15.12|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||5.45|
|Forward Dividend & Yield||0.34 (4.35%)|
|1y Target Est||N/A|
Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years and cut its capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends. Total free cash flow before dividends is expected to reach C$8.7 billion between 2019 and 2023, compared with previous estimate of C$4.8 billion between 2018 and 2022. "Husky's updated five-year plan... achieves a significant increase in free cash flow while increasing production by about 100,000 barrels per day through 2023," said Chief Executive Officer Rob Peabody.
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Canada's Husky Energy Inc beat analysts' estimates for quarterly profit on Friday, as it benefited from improved Canadian crude prices following Alberta's output cuts and investment in a number of refineries and pipelines boosted its margins per barrel. The oil and gas producer, which runs drilling and refining businesses in Canada, the United States and Asia, said average realized prices rose to C$47.20 per barrel of oil equivalent (boe) in the first quarter, from C$40.87 per boe a year earlier. In December last year, Alberta mandated temporary oil production cuts to deal with a pipeline bottleneck that had led to a glut of crude in storage and deep price discounts on Canadian crude.
SUPERIOR, Wis. (AP) — Husky Energy said Wednesday that it will invest more than $400 million to rebuild its oil refinery in Superior, Wisconsin, and will continue its use of a highly toxic chemical that raised fears in the community after an explosion at the refinery last April.
Canadian oil and gas producer Husky Energy Inc said on Tuesday 2019 production could be lower than it had previously expected because of mandatory output cuts imposed by the government of Alberta, sending its shares down 3.5 percent. Husky now expects its output to be in the range of 290,000-305,000 barrels of oil equivalent per day (boe/d). The Canadian province of Alberta mandated temporary oil production cuts effective Jan. 1 to deal with pipeline bottlenecks that led to a crude glut and deep price discounts on Canadian crude.
Canadian oil and gas producer Husky Energy Inc reported a 68 percent drop in quarterly profit on Tuesday from a year-ago when it recorded a C$436 million deferred tax benefit. Net income fell to C$216 ...
Canadian oil and gas company Husky Energy has lowered its production forecast due to the Alberta government's mandated oil cuts.
Canadian oil producer MEG Energy Corp's (MEG.TO) CEO invited his Husky Energy Inc (HSE.TO) counterpart this month to negotiate a friendly takeover of MEG, but Husky did not follow up, MEG's vice president of investor relations John Rogers said on Friday. Husky abandoned its hostile bid for MEG on Thursday, saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut. MEG produced an estimated 88,000 barrels of oil per day in 2018, according to GMP First Energy, equal to about 40 percent of Husky's production.
Husky Energy Inc said on Thursday it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders. Husky had argued the bid offered a premium to MEG's share price, giving investors exposure to Husky's stronger balance sheet and included the prospect of C$200 million per year in synergies.
Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.
Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's C$3.3 billion ($2.5 billion) unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters. The deal reflects Husky's strategy to double down on heavy oil production, even as clogged pipelines drove down Canadian prices last year.
Canadian oil and gas producer Husky Energy Inc said on Tuesday it will conduct a strategic review and is considering a sale of its non-core downstream assets. The company said the assets would include its Canadian retail and commercial fuels business and its Prince George Refinery. The move comes as Husky intends to focus on its core assets in Atlantic Canada and the Asia Pacific region.
Canadian oil and gas producer Husky Energy Inc on Thursday cut its 2019 capital expenditure program by about 8 percent, or C$300 million, citing Alberta's mandatory curbs on output and lower oil prices. The company now expects 2019 capital expenditure of C$3.4 billion ($2.52 billion), lower than the C$3.7 billion it forecast at its Investor Day in May 2018. Husky forecast average annual 2019 production to be about 300,000 barrels of oil equivalent per day (boepd).
Canadian oil and gas producer Husky Energy Inc on Thursday said it cut its 2019 capital expenditure program by C$300 million to C$3.4 billion, citing mandatory curbs on output in Alberta and lower oil ...
Canadian oil and gas producer Husky Energy Inc said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp, but MEG has yet to agree on the deal. In October, Husky made an unsolicited ...
A hole in a valve was the source of an April explosion at a Husky Energy refinery in northwestern Wisconsin that injured 36 people and required the evacuation of a large part of the city of Superior, according to findings of the U.S. Chemical Safety and Hazard Investigation Board presented Wednesday. According to the update that was shared at a town hall meeting in Superior, erosion created a hole in the slide valve, allowing air to mix with hydrocarbons. The board says in both cases, an explosive mix of air and hydrocarbons formed inside a fluid catalytic cracking unit because of ineffective safeguards.
An "ineffective" safeguard failed to prevent an explosive mixing of air and fuel at a Husky Energy refinery in Superior, Wisconsin, leading to a blast and fire in the plant's gasoline-producing unit in April, a U.S. industrial safety group said on Wednesday. Air seeped through a hole in a valve within a fluidic catalytic cracking unit (FCCU), the U.S. Chemical Safety Board (CSB) said, causing an April 26 explosion that led to a massive fire and a 24-hour-long evacuation of residents living within miles of the plant. Husky, according to the CSB, had only considered a failure of the valve when locked open, not a failure when it was closed, according to an updated report the board presented of its months-long investigation at a meeting Wednesday in Superior.
Canadian oil and gas producer Husky Energy Inc said on Monday Alberta's mandatory production cuts will possibly have "serious negative investment, economic and trade consequences." "The ...