|Bid||15.33 x 0|
|Ask||15.43 x 0|
|Day's Range||15.24 - 15.56|
|52 Week Range||15.24 - 22.99|
|Beta (3Y Monthly)||1.99|
|PE Ratio (TTM)||8.22|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||0.50 (3.10%)|
|1y Target Est||22.03|
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 ...
Canadian oil prices surged to a four-month high on Monday, a day after Alberta said it would mandate temporary production cuts that some producers had requested after pipeline bottlenecks forced their oil to be sold at severe discounts. Alberta Premier Rachel Notley said Sunday the government will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), until excess crude in storage is reduced. Canada is one of the world's largest oil producers, supplying more than 4 million barrels a day, but its heavy crude oil traded in October at a discount of more than $52 a barrel to U.S. oil due to transportation constraints that made it unprofitable to sell.
By Julie Gordon (Reuters) - Alberta Premier Rachel Notley said on Sunday that the Western Canadian province would mandate temporary oil output cuts to deal with a pipeline bottleneck that has led to a ...
Only one field has restarted service in the storm’s wake, while another is battling an oil leak. Waters off the province of Newfoundland and Labrador host four producing fields -- Hibernia, Terra Nova, White Rose and Hebron -- which yielded over 150,000 barrels of crude a day in September, according to the Offshore Petroleum Board. Only Hebron has resumed operations, according to Lynn Evans, a spokeswoman for operator Exxon Mobil Canada.
NEW YORK, NY / ACCESSWIRE / November 20, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
Canadian oil and gas producer Husky Energy Inc reported a bigger quarterly profit on Thursday, boosted by higher crude oil prices. Net income rose to C$545 million , in the third quarter ended Sept. 30, ...
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Husky Energy Inc (TSE:HSE). With a market valuation of CA$19.7b, HSE is a Read More...
NEW YORK, NY / ACCESSWIRE / October 19, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Canadian oil and gas producer Husky Energy Inc said on Tuesday it had formally offered to acquire all the outstanding common shares of MEG Energy Corp. Each MEG shareholder will have the option to choose ...
Canada's MEG Energy Corp on Wednesday rejected Husky Energy Inc's offer to buy the oil and gas producer, saying the proposal undervalued the company. Husky, MEG's bigger rival, made a formal offer earlier this month to buy each MEG share for C$11 in cash or 0.485 of a Husky share, days after making an unsolicited C$6.4 billion ($5 billion) buyout proposal. "The board ... has unanimously determined that the Husky offer significantly undervalues the common shares and is not in the best interests of MEG or MEG shareholders," MEG said in a statement.
MEG Energy Corp. rejected a $2.3 billion hostile takeover by Husky Energy Inc. and plans to start a strategic review with an eye to finding another buyer.
Canadian oil companies Husky Energy Inc and MEG Energy Corp discussed a possible merger for months, and one major MEG shareholder expressed interest early, before Husky was rebuffed and launched a hostile ...
Investing.com - Netflix (NASDAQ:NFLX) jumped in midday trading, while energy stocks were also higher thanks to a rally in oil prices.
Moody's Investors Service says that Husky Energy Inc.'s (Husky, Baa2 stable) proposed offer to acquire all of MEG Energy Corp. (MEG, B3 stable) has no impact on MEG's ratings and outlook. MEG's ratings and outlook are not immediately impacted by the announcement because MEG has not yet responded to the offer, but we believe that the acquisition proposal could be credit positive for MEG debt holders given that it is being acquired by a Baa2-rated company regardless of whether MEG's debt remains standalone or is refinanced or guaranteed by Husky. Husky would benefit from the addition of MEG's high quality, long-lived reserves, a well understood reservoir with an established history of performance, future development opportunities, and a doubling of Husky's proved reserves.
Husky Energy Inc's (HSE.TO) hostile bid for MEG Energy Corp (MEG.TO) reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky's chief executive said on Monday. Husky's cash and stock offer announced on Sunday would combine MEG's heavy oil production with Husky's output, pipeline space and refineries, in a deal valued at C$6.4 billion. It just fits together extremely well," Husky CEO Rob Peabody said on a Monday conference call with analysts.
Moody's Investors Service says that Husky Energy Inc.'s (Husky, Baa2 stable) announced unsolicited offer to acquire all of MEG Energy Corp. (MEG, B3 stable) for C$6.9 billion is credit negative. If the transaction closes as structured it would be credit negative for Husky because of its leveraging nature and increased exposure to heavy oil differentials, but should be absorbed within Husky's currently strong financial position and we would likely affirm Husky's ratings. Husky would benefit from the addition of MEG's high quality, long-lived reserves, a well understood reservoir with an established history of performance, future development opportunities, and a doubling Husky's proved reserves.