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HUSKF - Cenovus Energy: Big Quarter Hidden By The Husky Merger
Husky Energy Inc.
Reduction in the cost of Husky's thermal operations is underway.
Cenovus actually reported a darn good cash flow improvement obscured by combining the two companies.
Merger-related entries can be present for up to a year after a large merger. But financial statements should begin to clean up materially after the next quarter.
The refining and midstream will provide far more earnings stability than in the past.
Selling the gas stations business of Husky could be a mistake.