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Husky Energy Inc. (HSE.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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4.8100+0.1800 (+3.89%)
As of 12:57PM EDT. Market open.
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Previous Close4.6300
Bid4.8000 x 0
Ask4.8100 x 0
Day's Range4.6500 - 4.8100
52 Week Range2.2100 - 10.8000
Avg. Volume3,894,582
Market Cap4.835B
Beta (5Y Monthly)2.12
PE Ratio (TTM)N/A
EPS (TTM)-4.1030
Earnings DateOct. 22, 2020 - Oct. 26, 2020
Forward Dividend & Yield0.05 (1.07%)
Ex-Dividend DateJun. 08, 2020
1y Target Est4.53
  • Reuters

    CK Hutchison, CK Asset profits slump in H1

    CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, posted a 29% fall in first-half net profit on Thursday, hurt by a collapse in crude oil prices and slumping global trade and retail demand due to the coronavirus pandemic. It resulted in a HK$6.1 billion decline in contributions to the group in the first half, CK Hutchison said. Chairman Victor Li said in a statement he expected the energy business will remain under pressure for the rest of 2020 and it will be "challenging" for its ports and retail businesses to achieve profitability similar to a year ago.

  • GlobeNewswire

    Husky Energy Announces Notes Offering

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Husky Energy (TSX: HSE) has agreed to issue pursuant to a public offering $1.25 billion Cdn of notes, which will mature on February 7, 2028 (the “2028 Notes”).The 2028 Notes have a coupon of 3.50% and have been rated BBB(high) with a negative trend by DBRS Limited, BBB by Standard & Poor’s, a division of S&P Global Inc., and Baa2 by Moody’s Investor Services Inc.The net proceeds of this offering will be used for general corporate purposes, which may include, among other things, the repayment of Husky’s $500 million unsecured non-revolving term loan credit facility. Husky may invest funds it does not immediately require in short-term marketable debt securities.The 2028 Notes were sold through a syndicate of agents led by RBC Capital Markets, CIBC Capital Markets and Scotia Capital Inc.The 2028 Notes are being issued under Husky’s Short Form Base Shelf Prospectus dated May 1, 2019 and filed with securities regulatory authorities in Canada. The transaction is expected to close on August 7, 2020.This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the 2028 Notes.This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the U.S. The 2028 Notes have not been and will not be registered under the U.S. Securities Act of 1933. The 2028 Notes are being offered and sold only outside the United States to non-U.S. persons (as those terms are defined under Regulation S under the U.S. Securities Act) and may not be offered, sold, pledged or otherwise transferred in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.Investor and Media Inquiries: Leo Villegas, Senior Manager, Investor Relations 403-513-7817Kim Guttormson, Manager, Communication Services 403-298-7088FORWARD-LOOKING STATEMENTSCertain statements in this news release are forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. The forward-looking statements contained in this news release are forward-looking and not historical facts.Some of the forward-looking statements may be identified by statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “will continue”, “is anticipated”, “is targeting”, “is estimated”, “intend”, “plan”, “projection”, “could”, “aim”, “vision”, “goals”, “objective”, “target”, “scheduled” and “outlook”). In particular, forward-looking statements in this news release include, but are not limited to, references to the intended use of the net proceeds of the offering and the expected closing date of the offering.Although Husky believes that the expectations reflected by the forward-looking statements presented in this news release are reasonable, Husky’s forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to Husky about itself and the businesses in which it operates. Information used in developing forward-looking statements has been acquired from various sources, including third party consultants, suppliers and regulators, among others.Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Some of these risks, uncertainties and other factors are similar to those faced by other oil and gas companies and some are unique to Husky.The Company’s Annual Information Form for the year ended December 31, 2019, Management’s Discussion and Analysis for the three and six months ended June 30, 2020 and other documents filed with securities regulatory authorities (accessible through the SEDAR website and the EDGAR website describe some of the risks, material assumptions and other factors that could influence actual results and are incorporated herein by reference.New factors emerge from time to time and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on Husky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent upon other factors, and Husky’s course of action would depend upon management’s assessment of the future considering all information available to it at the relevant time. Any forward-looking statement speaks only as of the date on which such statement is made and, except as required by applicable securities laws, Husky undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,368.03, up 198.83 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Down 2.5 cents, or 5.38 per cent, to 44 cents on 9.97 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up 38 cents, or 1.8 per cent, to $21.45 on 7.49 million shares.Manulife Financial Corp (TSX:MFC). Financials. Up six cents, or 0.33 per cent, to $18.01 on 7.4 million shares.B2Gold Corp. (TSX:BTO). Materials. Up 29 cents, or 3.12 per cent, to $9.57 on 7.03 million shares.Enbridge Inc. (TSX:ENB). Energy. Up $1.08, or 2.52 per cent, to $43.95 on 6.95 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 38 cents, or 3.04 per cent, to $12.88 on 6.93 million shares.Companies in the news:Calfrac Well Services Ltd. (TSX:CFW). Up 1.5 cents or 10.7 per cent to 15.5 cents. A Texas-based competitor that is also an investor and debtholder in struggling Calfrac Well Services has put forward a recapitalization plan it says is superior to one the Calgary-based company announced three weeks ago. Wilks Brothers, LLC, says its offer would significantly lower Calfrac's debt level and give a better recovery to stakeholders by providing more consideration for a smaller equity stake. It charges the plan advanced by management would result in a high debt levels, inferior recoveries and would "unfairly enrich certain key insiders" in the company. In a previous news release, Calfrac said Wilks Brothers, which owns U.S. competitor ProFrac Services Ltd., made two offers to buy Calfrac's U.S. business in June. Both were refused. Wilks Brothers owns just under 20 per cent of Calfrac's common shares. Both Calfrac and ProFrac offer oilfield services including hydraulic fracturing, where chemicals and liquids are injected at high pressure into underground formations to break up tight rock and allow trapped oil and gas to flow into the well.Husky Energy Inc. (TSX:HSE). Up 21 cents or 4.87 per cent to $4.52. Husky Energy is joining other major oilsands producers in setting a short-term emissions intensity reduction target as a preliminary step as it works on a way to achieve net zero emissions by 2050. In its 2020 environmental, social and governance (ESG) report, it calls for a 25 per cent emissions per barrel reduction by 2025, noting it is a "start" while it invests in new technologies and carbon offsets to reach its longer-term goal. Husky also announced a gender diversity commitment to have 25 per cent of its senior leadership roles occupied by women, up from 16 per cent last year, with no specific deadline. Fellow Calgary-based oilsands producers Suncor Energy Inc. and Cenovus Energy Inc. have set targets to reach a 30 per cent reduction in carbon intensity per barrel by 2030 and Cenovus has also endorsed the net-zero-by-2050 goal. Oilsands producer Canadian Natural Resources Ltd. has also pledged to work toward a zero-emissions target without giving a specific date. Last month, Ottawa unveiled rules associated with its new Impact Assessment Act that would require proposed projects that will still be operating in 2050 to include a plan to get to net zero emissions in order to be approved.This report by The Canadian Press was first published Aug. 4, 2020. The Canadian Press