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Husky Energy Inc (HSE.TO)

HSE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cenovus And Husky To Hold Special Shareholder Meetings On Proposed Plan Of Arrangement
Tuesday, 17 Nov 2020 

Husky Energy Inc ::CENOVUS AND HUSKY TO HOLD SPECIAL SHAREHOLDER MEETINGS ON PROPOSED PLAN OF ARRANGEMENT.  Full Article

Husky Energy Announces Notes Offering
Thursday, 6 Aug 2020 

Aug 5 (Reuters) - Husky Energy Inc ::HUSKY ENERGY ANNOUNCES NOTES OFFERING.HUSKY ENERGY INC - AGREED TO ISSUE PURSUANT TO A PUBLIC OFFERING $1.25 BILLION CDN OF NOTES, WHICH WILL MATURE ON FEBRUARY 7, 2028.HUSKY ENERGY INC - 2028 NOTES HAVE A COUPON OF 3.50%.  Full Article

Husky Energy Expects Q3 Capex To Be Between C$400 Mln-C$450 Mln
Thursday, 30 Jul 2020 

July 30 (Reuters) - Husky Energy Inc ::HUSKY ENERGY INC- EXPECT THE PATH FORWARD TO BE "BUMPY" - CONF CALL.HUSKY ENERGY INC- CAPEX TO BE "SIGNIFICANTLY" DOWN IN 2H 2020 VERSUS. 1H 2020- CONF CALL.HUSKY ENERGY INC: ABOUT 30,000 BPD REMAINS SHUT IN AND THE LEVERS ARE IN PLACE TO RAMP UP MORE IN Q3, DEPENDENT ON MARKET CONDITIONS - CONF CALL.HUSKY ENERGY INC: WE EXPECT Q3 CAPEX TO BE IN THE RANGE OF $400 MILLION TO $450 MILLION, EXCLUDING SUPERIOR REBUILD COSTS- CONF CALL.HUSKY ENERGY INC: Q4 CAPEX BETWEEN $270 MILLION AND $320 MILLION- CONF CALL.HUSKY ENERGY: HAVE THE FLEXIBILITY TO REDUCE ANNUAL CAPITAL SPENDING TO A RANGE OF $1.2 BILLION TO $1.4 BILLION IN 2021, EXCLUDING SUPERIOR REBUILD COSTS- CONF CALL.  Full Article

Husky Energy Reports Qtrly Ffo Per Share Basic $0.02
Thursday, 30 Jul 2020 

July 30 (Reuters) - Husky Energy Inc ::HUSKY ENERGY REPORTS SECOND QUARTER 2020 RESULTS.QTRLY FFO PER SHARE BASIC $0.02.QTRLY UPSTREAM PRODUCTION 175 MBOE/DAY VERSUS 214 MBOE/DAY.QTRLY OVERALL UPSTREAM PRODUCTION WAS 246,500 BARRELS OF OIL EQUIVALENT PER DAY.QTRLY LOSS PER SHARE BASIC $0.31.HAS FLEXIBILITY TO REDUCE ANNUAL CAPITAL SPENDING TO $1.2-$1.4 BILLION RANGE IN 2021, EXCLUDING SUPERIOR REFINERY REBUILD COSTS.ALL AMOUNTS IN C$.Q2 EARNINGS PER SHARE VIEW C$-0.53 -- REFINITIV IBES DATA.QTRLY REVENUE, NET OF ROYALTIES $2,378 MILLION VERSUS $5,238 MILLION.Q2 FFO PER SHARE VIEW C$0.49 -- REFINITIV IBES DATA.Q2 REVENUE VIEW C$2.74 BILLION -- REFINITIV IBES DATA.  Full Article

Husky CEO hopes Alberta scraps oil curtailment program amid ample pipeline capacity
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Husky Energy Inc ::HUSKY: ALL REFINERIES ARE RUNNING AT MINIMUM RATES, BUT ASPHALT REFINERY RUNNING AT FULL CAPACITY.HUSKY: WE DONT SEE A REFINED PRODUCTS STORAGE CONTAINMENT PROBLEM IN U.S. PADD II.HUSKY CEO SAYS HOPES ALBERTA GOVERNMENT SCRAPS OIL CURTAILMENT PROGRAM; SEES AMPLE PIPELINE CAPACITY FOR 'QUITE A LONG TIME'.  Full Article

Husky Energy Board Approves Reduction To Quarterly Dividend
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Husky Energy Inc ::HUSKY ENERGY INC - BOARD HAS APPROVED REDUCTION TO QUARTERLY DIVIDEND TO $0.0125 (CDN) PER COMMON SHARE FOR THREE-MONTH PERIOD ENDED MARCH 31, 2020.  Full Article

Husky Energy Says Severe Pricing Headwinds Impacted First Quarter
Wednesday, 29 Apr 2020 

April 29 (Reuters) - Husky Energy Inc ::HUSKY ENERGY REPORTS FIRST QUARTER 2020 RESULTS.BOARD OF DIRECTORS HAS REDUCED QUARTERLY DIVIDEND TO $0.0125 PER COMMON SHARE.HUSKY ENERGY - SEVERE PRICING HEADWINDS, AMPLIFIED BY GEOPOLITICAL EVENTS, COVID-19 ASSOCIATED COLLAPSE OF GLOBAL OIL, REFINED PRODUCT DEMAND, IMPACTED Q1.QTRLY FUNDS FROM OPERATIONS WERE $25 MILLION.QTRLY OVERALL UPSTREAM PRODUCTION IN INTEGRATED CORRIDOR BUSINESS AVERAGED 235,000 BARRELS OF OIL EQUIVALENT PER DAY.AT END OF QUARTER, NET DEBT WAS $4.6 BILLION AND TOTAL LIQUIDITY WAS $4.7 BILLION.SINCE END OF Q1, HUSKY HAS INCREASED ITS LIQUIDITY WITH ADDITION OF A $500 MILLION TERM LOAN.QTRLY DOWNSTREAM THROUGHPUT IN INTEGRATED CORRIDOR AVERAGED 307,800 BBLS/DAY.SINCE END OF Q1, MORE THAN 80,000 BARRELS PER DAY OF INTEGRATED CORRIDOR PRODUCTION HAS BEEN SHUT IN.U.S. REFINING THROUGHPUT HAS BEEN REDUCED BY 100,000 BBLS/DAY TO MATCH LOCAL PRODUCT DEMAND.HUSKY ENERGY QTRLY OFFSHORE PRODUCTION AVERAGED 63,900 BOE/DAY, WITH OPERATING MARGINS OF $55.60 PER BOE.TOTAL NON-CASH ASSET IMPAIRMENTS WERE $1.1 BILLION (AFTER TAX) IN Q1 OF 2020.HUSKY ENERGY QTRLY NON-CASH ASSET IMPAIRMENTS PRIMARILY RELATED TO UPSTREAM ASSETS IN NORTH AMERICA LARGELY DUE TO LOWER CRUDE OIL PRICE ASSUMPTIONS.QTRLY FFO PER COMMON SHARE - BASIC $0.02.QTRLY REVENUE, NET OF ROYALTIES $4,068 MILLION VERSUS $4,539 MILLION.QTRLY LOSS PER COMMON SHARE – BASIC $1.71.Q1 EARNINGS PER SHARE VIEW C$-0.32, REVENUE VIEW C$3.95 BILLION -- REFINITIV IBES DATA.  Full Article

Husky Energy Cuts 2020 Capital Spending To $1.7 Bln
Monday, 20 Apr 2020 

April 20 (Reuters) - Husky Energy Inc ::HUSKY ENERGY CUTS 2020 CAPITAL SPENDING TO $1.7 BILLION.HUSKY ENERGY INC - INTEGRATED CORRIDOR UPSTREAM PRODUCTION REDUCED BY OVER 80,000 BBLS/DAY / U.S. REFINERY THROUGHPUT REDUCED.HUSKY ENERGY INC - LIQUIDITY INCREASED BY $500 MILLION TO $5.2 BILLION.HUSKY ENERGY INC - REDUCING PRODUCTION AND REFINERY THROUGHPUT TO ADDRESS NEAR-TERM NEGATIVE CASH MARGINS UNTIL SUPPLY AND DEMAND IS REBALANCED.HUSKY ENERGY INC - REDUCING AND DEFERRING ALL DISCRETIONARY CAPITAL SPENDING.HUSKY ENERGY INC - SEES TOTAL 2020 CAPITAL GUIDANCE $1,600 MILLION - $1,800 MILLION.HUSKY ENERGY INC - CURRENT U.S. REFINERY THROUGHPUT HAS BEEN REDUCED BY AROUND 95,000 BBLS/DAY, OR APPROXIMATELY 40% BELOW MAXIMUM CAPACITY.HUSKY ENERGY INC - CONTINUES TO SAFELY SHUT-IN PRODUCTION ACROSS ITS INTEGRATED CORRIDOR BUSINESS, WHERE APPROPRIATE.  Full Article

Husky Energy Suspends West White Rose Project
Monday, 23 Mar 2020 

March 22 (Reuters) - Husky Energy Inc ::HUSKY ENERGY SUSPENDS WEST WHITE ROSE PROJECT.  Full Article

Husky Energy Cuts 2020 Spending By $1 Billion
Friday, 13 Mar 2020 

March 12 (Reuters) - Husky Energy Inc ::HUSKY ENERGY CUTS 2020 SPENDING BY $1 BILLION.HUSKY ENERGY INC - 2020 CAPITAL PROGRAM REDUCED BY $900 MILLION.HUSKY ENERGY INC - TAKING A SERIES OF ACTIONS TO FORTIFY ITS BUSINESS IN RESPONSE TO CHALLENGING GLOBAL MARKET CONDITIONS.HUSKY ENERGY - WILL COMMENCE SAFE & ORDERLY REDUCTION, OR SHUT-IN, OF PRODUCTION WHERE IT IS CASH NEGATIVE ON VARIABLE COST BASIS AT CURRENT PRICES.HUSKY ENERGY INC - TOTAL LIQUIDITY IS $4.9 BILLION, COMPRISED OF $1.4 BILLION IN CASH AND $3.5 BILLION IN UNUSED CREDIT FACILITIES.HUSKY ENERGY INC SEES 2020 UPSTREAM CAPITAL INVESTMENT $1,750 MILLION - $1,900 MILLION.HUSKY ENERGY INC - 2020 CAPITAL PROGRAM REDUCED BY $900 MILLION; FURTHER COST REDUCTIONS OF $100 MILLION.HUSKY ENERGY INC - CONTINUES TO REVIEW FURTHER CAPITAL ADJUSTMENTS IN RESPONSE TO CURRENT MARKET ENVIRONMENT.HUSKY ENERGY INC SEES 2020 DOWNSTREAM CAPITAL INVESTMENT $475 MILLION - $550 MILLION.HUSKY ENERGY INC SEES 2020 TOTAL CAPITAL INVESTMENT $2,300 MILLION - $2,500 MILLION.HUSKY ENERGY INC SEES 2020 TOTAL UPSTREAM PRODUCTION 275 MBOE/DAY - 300 MBOE/DAY.HUSKY ENERGY INC - DRILLING OF SUSTAINING PADS AT ALL THERMAL OPERATIONS HAS BEEN SUSPENDED.HUSKY ENERGY INC - COMPANY CONTINUES TO REVIEW FURTHER CAPITAL ADJUSTMENTS IN RESPONSE TO CURRENT MARKET ENVIRONMENT.HUSKY ENERGY INC - IN ASIA PACIFIC REGION, DEVELOPMENT OF BLOCK 15/33 OIL FIELD OFFSHORE CHINA HAS BEEN DEFERRED BY A YEAR.  Full Article

Limetree Bay CEO to step down, Husky's Rinker will replace

Oct 30 Limetree Bay Ventures' Chief Executive Brian Lever will step down in November, Limetree said on Friday, as the company continues to try to fully restart its St. Croix, Virgin Islands-based refinery.