HUSKF News and Press, Husky Energy Inc. From 08/26/21

Cash flow exploded upwards with stronger commodity pricing. Free funds flow is nearly always generous in the thermal industry. Debt reduction will be a priority. The other priority is operations optimization of the combined company. Management appears to have a good chance...

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 ...

This management has grown and sold a company before. Interestingly, management now believes the prices are right to get back in and grow another company. The current stock price may be a little ahead of itself. The McCully dry gas production asset will provide some cash for th...

The merger gives management a lot of work to do fast. Husky thermal cost ran high. Cenovus needed refining capacity. For the two above reasons, the combined company should be more profitable. The conventional business will take a seat to more important priorities. Fo...

Management needs to demonstrate the benefits of the merger. The balance between refining capacity and production ability appears to be far better for the combined company than it was for either company pre-merger. The rebuild of the Superior Refinery appears to be a golden profit ...

Cenovus Energy's ([[CVE]] +1.3%) C$6B (US$4.78B) purchase of Husky Energy ([[HUSKF]] +0.5%) is approved by the shareholders of both companies, creating Canada's third largest oil and gas producer.Cenovus says 93% of shareholder votes approved the merger at a special meeting, while Husky annou...

The Canadian oil sands are emerging from 2020's market crash with a more optimistic outlook, with Morgan Stanley and Goldman Sachs the latest firms to tout the industry's ability to generate healthy cash flow next year as a reason to buy stocks such as Suncor Energy (SU), Canadian Natural Res...

Husky Energy ([[HUSKF]] +2.8%) says it will receive C$41.5M in federal funding to maintain jobs and move toward restarting its West White Rose oil project offshore Newfoundland and Labrador.The funding does not come with a guarantee that Husky will restart the $2.2B West White Rose extension ...

Management touts synergies and low pro forma valuation - recent write ups lean heavily on management representations. However, the merger reduces the investment appeal of the prior companies. Low asset quality and optimistic projections could drag on the combined company. Vacc...

This announcement will combine excess refining capacity with excess production capacity. It also gives the Husky refineries access to lower-cost Cenovus feedstock. This is one of the few times that a myriad of synergies is obvious. Less volatility means an investment-grade deb...