|Bid||4.1600 x 0|
|Ask||4.1700 x 0|
|Day's Range||4.1100 - 4.2800|
|52 Week Range||2.2100 - 12.7700|
|Beta (5Y Monthly)||2.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 23, 2020 - Jul. 27, 2020|
|Forward Dividend & Yield||0.05 (1.14%)|
|Ex-Dividend Date||Jun. 08, 2020|
|1y Target Est||4.37|
Despite the recent rally, some TSX stocks are still trading way below their fair values. Consider these names if you have a higher appetite for risk.The post 3 TSX Stocks Under $5 That Could Double Your Money appeared first on The Motley Fool Canada.
CALGARY, Alberta, June 17, 2020 -- Husky Energy (TSX: HSE) announces that 212,461 Cumulative Redeemable Preferred Shares, Series 7 (Series 7 Shares) were tendered for.
You won't believe how cheap value stocks like Plaza Retail REIT (TSX:PLZ.UN), Alcanna Inc. (TSX:CLIQ), and Husky Energy (TSX:HSE) are today. The post 5 Dirt-Cheap Value Stocks Trading Under $5 Per Share appeared first on The Motley Fool Canada.
Many Canadian oil and gas bigwigs have almost doubled since the COVID-19 crash in March. Do you own these in your portfolio?The post 2 Canadian Giants Doubled Since the COVID-19 Crash -- Should You Buy? appeared first on The Motley Fool Canada.
Husky Energy (HSE.TO) is providing notice that the Company does not intend to exercise its right to redeem its Cumulative Redeemable Preferred Shares, Series 7 (Series 7 Shares) on June 30, 2020. Conversion to Series 8 Shares is subject to the conditions that: (i) if Husky determines that there would be less than one million Series 7 Shares outstanding after June 30, 2020, then all remaining Series 7 Shares will automatically be converted to Series 8 Shares on a one-for-one basis on June 30, 2020, and (ii) if Husky determines that there would be less than one million Series 8 Shares outstanding after June 30, 2020, no Series 7 Shares will be converted into Series 8 Shares. Holders of Series 7 Shares who choose to retain any or all of their shares will receive the new fixed-rate quarterly dividend applicable to the Series 7 Shares for the five-year period commencing June 30, 2020 to, but excluding, June 30, 2025 of 3.935%, being equal to the sum of the Government of Canada five-year bond yield of 0.415% plus 3.52% in accordance with the terms of the Series 7 Shares, subject to the conditions described above.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,192.83, down 69.90 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.5 cents on 122 million shares.B2Gold Corp. (TSX:BTO). Materials. Up 46 cents, or 6.45 per cent, to $7.59 on 72.6 million shares.Yamana Gold (TSX:YRI). Materials. Up 37 cents, or 5.23 per cent, to $7.45 on 61.8 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 35 cents, or 1.46 per cent, to $23.67 on 33.9 million shares.Husky Energy Inc. (TSX:HSE). Energy. Down 31 cents, or 7.4 per cent, to $3.88 on 29.5 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 12 cents, or 1.32 per cent, to $8.95 on 22.1 million shares.Companies in the news:Torstar Corp. (TSX:TS.B). Unchanged at 61 cents. A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers. NordStar says it considered several sources of outside funding and chose Canso Investment Counsel Ltd. because of its experience in the Canadian media industry. NordStar is a new company formed by Toronto businessmen Jordan Bitove and Paul Rivett, who have backgrounds in corporate finance.Canopy Growth Corp. (TSX:WEED). Down $6.36 or 20.8 per cent to $24.21. Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smiths Falls, Ont.-based cannabis company says as part of an ongoing restructuring it has decided not to strive to be the first to every market and will instead focus on select areas like Canada, the U.S. and Germany, where it believes it can be a leader. The change comes after CEO David Klein spent four months taking a deep dive into Canopy's operations and financials. He eventually decided to close a handful of facilities, take up to $800 million in writedowns and cut 800 staff.Laurentian Bank Financial Group (TSX:LB). Down $2.86 or 9.1 per cent to $28.44. Laurentian Bank reported its second-quarter profit fell nearly 80 per cent from a year ago and it cut its dividend in a move to give it more flexibility during the COVID-19 pandemic. The bank says it will now pay a quarterly dividend of 40 cents per share, down from 67 cents per share. Laurentian chief executive Francois Desjardins says the bank has a strong capital and liquidity position and disciplined risk management, but it is a time for prudence. The dividend cut came as Laurentian reported a profit of $8.9 million or 13 cents per share for the quarter ended April 30, down from $43.3 million or 95 cents per share in the same quarter a year ago.CWB Financial Group (TSX:CWB). Down 79 cents or 3.4 per cent to $22.59. CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled. The Edmonton-based company says its provisions for credit losses for the quarter ended April 30 totalled $34.9 million, up from $15.2 million in the same quarter a year ago. The increase came as CWB reported a second-quarter profit attributable to common shareholders of $51.4 million or 59 cents per diluted share, down from $62 million or 71 cents per diluted share a year ago.This report by The Canadian Press was first published May 29, 2020.The Canadian Press
The recent market rally after the COVID-19 crash has failed to uplift these 2 TSX stocks. Does it make sense to invest now? The post Top TSX Stocks That Lost 70% in the COVID-19 Bear Market appeared first on The Motley Fool Canada.
Joey Frenette discusses Algonquin Power & Utilities Corp. (TSX:AQN)(NYSE:AQN) and another severely undervalued stock that investors should buy today.The post Have $2,000 to Invest? Here Are 2 Stocks I'd Buy Right Now appeared first on The Motley Fool Canada.
Husky Energy (TSX:HSE) stock soared more than 12% yesterday, despite a discouraging Q1. Will the momentum continue? The post What Husky Energy (TSX:HSE) Investors Should Do After a Bleak Q1 appeared first on The Motley Fool Canada.
CALGARY, Alberta, April 29, 2020 -- At its Annual and Special Meeting of Shareholders held on April 29, 2020, Husky Energy Inc. (TSX:HSE) announced the election of 16 nominees.
CALGARY — Fears that crude oil prices slammed by a global economic "train wreck" will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources.Husky Energy Inc. announced a $1.7-billion first quarter loss on Wednesday, including impairments of $1.1 billion after tax due to lower crude oil price assumptions plus an inventory writedown of $274 million.Fellow oilsands producer Cenovus Energy Inc. reported a $1.8-billion loss including impairment charges of $335 million in its upstream business due to low oil prices and $253 million from inventory.On Tuesday, Vermilion Energy Inc. reported a $1.3-billion loss after taking a $1.2-billion writedown in the value of its oil and gas assets in Canada and internationally."It was clear from what we were seeing on the product demand side in North America that we were going to see supply and demand collide in a very messy way this quarter," Husky CEO Rob Peabody told a conference call with financial analysts Wednesday."Our strategy is to keep as many barrels away from the train wreck as possible to minimize negative cash margin."He said Husky has shut-in 80,000 barrels per day of Canadian upstream oil since the end of the quarter, while its two U.S. refineries are processing about 100,000 fewer barrels per day because of lower fuel demand in the United States.Cenovus, meanwhile, has cut about 60,000 bpd mainly from its Alberta oilsands output to deal with lower prices, said CEO Alex Pourbaix, who said on a conference call there's no way to tell how long low oil prices will persist."We know this pandemic will pass, the markets will recover and, as benchmark prices begin to return to more normalized levels, we expect to see these price-driven impacts to our business begin to reverse themselves," he said."What's not clear is exactly how long that's going to take."Global oil prices have plunged over the past two months and remain volatile due to demand destruction from measures to fight the COVID-19 pandemic, as well as lingering effects of a market share battle between Russia and Saudi Arabia.On Tuesday, Desjardins Energy Research cut its West Texas Intermediate crude oil price forecast to US$32.50 per barrel this year (from US$40) and to US$40 per barrel in 2021 (from US$45). It expects Brent oil prices to average US$37.50 this year and $45 in 2021.On their calls, Husky estimated it needs Brent oil prices in the mid-US$30s to break even on its oil production, while Cenovus said its break-even WTI number is about US$38 per barrel.Fears that North American crude storage was nearing its limit were blamed earlier this month for the first-ever negative WTI close — which means contract holders were paying buyers to take their oil.Both Peabody and Cenovus vice-president Keith Chiasson said storage growth is slowing thanks to industry-wide production cuts that are bringing supply and demand closer to balance.Cenovus reported total production of 482,600 barrels of oil equivalent per day in the three months ended March 31, up about eight per cent from 447,000 boe/d in the year-earlier period.Recent levels were aided by as much as 100,000 bpd of crude-by-rail shipping, ramped up after the Alberta government announced new rail shipments would be exempt from its oil curtailment program introduced at the start of 2019.The company has suspended all rail shipments now, however, as the use of pipelines is cheaper and there is sufficient capacity.For the same reason, Husky's Peabody said the Alberta government should "ditch" its curtailment program.Husky production in the first quarter, before cutbacks, was 299,000 boe/d, with 235,000 boe/d from Western Canada and 63,900 boe/d from its Canadian offshore and Asia Pacific operations.Despite cutting its quarterly dividend by 90 per cent to 1.25 cents per share, Husky shares rose in trading on the Toronto Stock Exchange, jumping by as much as 49 cents or 13.3 per cent to $4.15 on Wednesday.Cenovus shares rose by as much as 52 cents or 11.87 per cent to $4.90.This report by The Canadian Press was first published April 29, 2020.Companies in this story: (TSX:HSE, TSX:CVE)Dan Healing, The Canadian Press
CALGARY, Alberta, April 29, 2020 -- Husky Energy’s Board of Directors has approved a reduction to the quarterly dividend to $0.0125 (Cdn) per common share for the three-month.
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin” and “net debt to trailing.
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Ottawa’s response to the dire situation in Canada’s energy patch is being likened to “a drop in the ocean” and a bad wedding gift from an out-of-touch older relative as a fresh batch of negative headlines cast gloom over the troubled sector.
Husky Energy Inc <HSE.TO> and Crescent Point Energy Corp <CPG.TO> on Monday slashed 2020 capital spending for a second time and throttled back production, days after Canada's federal government offered financial relief to the hard-hit sector. Oil and gas producers are cutting output and spending to cope with the fallout from sweeping measures to contain the spread of the novel coronavirus, which has grounded commercial aircraft and shut down major cities. Canada on Friday announced C$2.5 billion ($1.8 billion) in aid to help the industry, whose steam-driven extraction sites have borne the brunt of output cuts so far..
Husky Energy (HSE.TO) is significantly reducing capital expenditures and shutting in negative cash margin production as further measures to strengthen its business given market conditions caused by COVID-19. Husky has important advantages in the current economic environment, including: a strong balance sheet, an Integrated Corridor that includes a sizeable midstream and downstream segment, and Offshore operations underpinned by long-term gas contracts in the Asia Pacific region.
CALGARY, Alberta, April 15, 2020 -- Husky Energy (TSX:HSE) will release its first quarter 2020 results before markets open on Wednesday, April 29, 2020. A conference call will.
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