HSE.TO - Husky Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
3.5400
+0.3300 (+10.28%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close3.2100
Open3.3600
Bid3.5000 x 0
Ask3.5100 x 0
Day's Range3.3000 - 3.7300
52 Week Range2.2100 - 14.9000
Volume6,625,339
Avg. Volume3,529,939
Market Cap3.558B
Beta (5Y Monthly)1.87
PE Ratio (TTM)N/A
EPS (TTM)-1.4130
Earnings DateApr. 23, 2020 - Apr. 27, 2020
Forward Dividend & Yield0.50 (15.58%)
Ex-Dividend DateMar. 15, 2020
1y Target Est5.56
  • TSX Stocks: 2 Canadian Titans That Fell 80% in COVID-19 Crash
    The Motley Fool

    TSX Stocks: 2 Canadian Titans That Fell 80% in COVID-19 Crash

    Are these top TSX stocks attractive after a massive 80% crash? Only if you are brave enough to handle the super-high risk. The post TSX Stocks: 2 Canadian Titans That Fell 80% in COVID-19 Crash appeared first on The Motley Fool Canada.

  • Some Oil in Canada Has Already Tumbled Below $10 a Barrel
    Bloomberg

    Some Oil in Canada Has Already Tumbled Below $10 a Barrel

    (Bloomberg) -- As global oil benchmarks crash below $25 a barrel, some crude from Canada is already trading below $10 for the first time ever.Heavy Canadian crude, which typically trades at a discount to U.S. West Texas Intermediate oil, is tumbling after the country’s oil-sands producers were forced to delay maintenance, pushing more supply into the market at the worst possible time.Concerns about flying workers in from out of town as the coronavirus continues to spread led Syncrude Canada Ltd. to delay coker maintenance at its upgrader and Suncor Energy Inc. to push back planned work scheduled for May.The delays mean that synthetic crude that wasn’t expected to be entering the market will continue to flow. Global benchmarks such as London’s Brent have fallen to the lowest level since 2003 while Saudi Arabia and Russia pump more in a war for market share just as the pandemic pummels fuel demand.Heavy Western Canadian Select fell to a record low of $9.19 a barrel as of 9:12 a.m. New York time Wednesday, more than $15 below the U.S. benchmark. Other grades also dropped to record lows. Light synthetic crude, produced in an oil sands upgrader from bitumen, fell $6.26 to $16.97 a barrel and conventionally produced Edmonton mixed sweet fell to $13.49.On Tuesday, Alberta’s Premier Jason Kenney declared a state of public emergency, prohibiting gatherings of 50 or more people. The energy ministry is working out how the directive will apply to the oil industry, said energy ministry spokesman Kavi Bal.The Syncrude maintenance was forecast to cut majority-owner Suncor’s share of production by 45,000 barrels a day in the second quarter. Suncor’s planned work on its own upgrader in the quarter was to cut production by 70,000 barrels a day. Other planned maintenance in the spring includes:The Scotford upgrader will run at just over half-capacity during a 55-day turnaround starting in April.Canadian Natural Resources Ltd. will conduct maintenance on Athabasca Oil Sands Project mines.Husky Energy Inc.’s Lloydminster upgrader to be under repair, affecting 40,000 barrels a day.Canadian Natural plans work at its Jackfish site in late first quarter.Imperial Oil Ltd. plans work at Cold Lake, one of two trains at Kearl oil-sands site.Athabasca Oil Corp. will complete turnaround at Hangingstone site.(Adds synthetic crude, Edmonton Mixed Sweet prices in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Canada Revenue Agency: Commit These 2 TFSA Blunders and the CRA Will Charge You Taxes
    The Motley Fool

    Canada Revenue Agency: Commit These 2 TFSA Blunders and the CRA Will Charge You Taxes

    Day trading and overcontribution are why some TFSA users pay penalty taxes. With correct usage, income from the Husky stock and CanWel stock should be tax-free within the TFSA.

  • Husky CEO slams Ottawa for derailing projects with politics
    Yahoo Finance Canada

    Husky CEO slams Ottawa for derailing projects with politics

    Husky Energy’s chief executive officer says major energy projects are unlikely to move forward in Canada unless Ottawa does more to reduce political uncertainty and lengthy, expensive approval processes. 

  • The Canadian Press

    Husky Energy CEO blames regulatory process for end of Frontier oilsands mine

    CALGARY — The shelving of the proposed $20.6-billion Frontier oilsands mine this week stems mostly from the length of time it took for it to win regulatory approval, says the CEO of oilsands producer Husky Energy Inc.The project application was withdrawn by Teck Resources Ltd. last Sunday, just days before the federal government was to rule on whether it would allow it to proceed.Teck CEO Don Lindsay said there was "no constructive path forward'' in a Canadian environment marked by conflict amid Indigenous rights, climate change issues and resource development."What killed Teck, you know, ultimately, was a regulatory process that just went on and on and on and on," said Husky CEO Rob Peabody on a conference call Thursday to discuss his company's fourth-quarter results."Had that process concluded in a sensible timeframe, I'm sure we'd have a Teck project under construction today because there were proponents who were set and keen to move forward with that project."If you wait long enough, that sort of coalescence on the idea of spending that sort of money ultimately unravels."The Frontier project application was first submitted to the Alberta Energy Regulator in late 2011. In 2016, a joint federal-provincial review panel was appointed and it approved the project last July.Asked if the outcome suggests large oilsands projects can't be built in Canada, Peabody said it actually means all large projects will have a difficult time, even if they produce renewable hydroelectric energy."Building major highways, building pipelines, building major infrastructure projects around cities, things like that, I think this applies to everything," he said.Critics of the mine, designed to produce 260,000 barrels of oil a day, said it wouldn't have been profitable unless North American oil prices were much higher than they are now, although Teck said new technologies would have been employed to bring down costs.Husky said lower long-term commodity price forecasts were the major reason it decided to take non-cash impairment charges of $2.3 billion after tax in the quarter ended Dec. 31.The charges are related to its upstream assets in North America, including its Sunrise oilsands project and natural gas assets, as well as the subtraction of redundant assets at its refinery in Lima, Ohio, following a project that allows it to process heavier barrels of crude.The writedowns echo a $2.8 billion charge taken by oilsands rival Suncor Energy Inc. earlier this month related to lower forecast prices for heavy oil from its Fort Hills oilsands mine in northern Alberta.Teck took a charge of $910 million for the same reason related to its 21.3 per cent stake in the Fort Hills mine.Husky cut about 370 jobs in a round of layoffs in October to better align staffing with capital spending plans for 2020 and 2021 that had been reduced by $500 million due to changing market conditions.Shares of Husky fell by as much as 11.7 per cent to $6.31 on Thursday morning in Toronto after it reported results that matched analyst expectations on production but missed by a wide margin on funds from operations.The Calgary-based company controlled by Hong Kong billionaire Li Ka-shing blamed lower U.S. refinery margins, an extended shutdown at the refinery in Lima, the temporary shutdown of the Keystone pipeline in November and $74 million related to employee severance for posting funds from operations of $469 million.That compared with $583 million in the year-earlier period and analyst expectations of $712 million, according to the financial markets data firm Refinitiv.The company posted a net loss of $2.34 billion, compared with a profit of $216 million in the same quarter a year earlier.On the call, Peabody said the company's Asia-Pacific operations are getting back to normal after precautions related to the COVID-19 virus temporarily reduced demand for natural gas from the Liwan offshore project operated by its partner, China's CNOOC Ltd.This report by The Canadian Press was first published Feb. 27, 2020.Companies in this story: (TSX:HSE, TSX:SU, TSX:TECK)Dan Healing, The Canadian Press

  • GlobeNewswire

    Husky Energy Announces Fourth Quarter 2019 Dividend and First Quarter 2020 Preferred Shares Dividend Payments

    CALGARY, Alberta, Feb. 27, 2020 -- Husky Energy’s Board of Directors has approved a quarterly dividend of $0.125 (Cdn) per common share for the three-month period ended.

  • GlobeNewswire

    Husky Energy Reports 2019 Fourth Quarter and Annual Results

    This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “operating margin”, “net debt”, “net debt to trailing funds.

  • Investors: 3 Dirt-Cheap Value Stocks Trading Under $10
    The Motley Fool

    Investors: 3 Dirt-Cheap Value Stocks Trading Under $10

    Chorus Aviation (TSX:CHR), Husky Energy (TSX:HSE) and Stelco (TSX:STLC) are three of Canada's cheapest stocks today.

  • GlobeNewswire

    Husky Energy to Report 2019 Fourth Quarter and Annual Results

    CALGARY, Alberta, Feb. 13, 2020 -- Husky Energy will release its 2019 fourth quarter and annual results before markets open on Thursday, February 27, 2020. A conference call.

  • TFSA Dividend Investing: 3 Top Stocks Yielding as High as 5.8%
    The Motley Fool

    TFSA Dividend Investing: 3 Top Stocks Yielding as High as 5.8%

    This trio of top dividend plays, including Husky Energy (TSX:HSE), can provide the fat income you need now.

  • Is Husky Energy Inc.'s (TSE:HSE) P/E Ratio Really That Good?
    Simply Wall St.

    Is Husky Energy Inc.'s (TSE:HSE) P/E Ratio Really That Good?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • 2 Top Stocks to Buy in the Energy Industry Today
    The Motley Fool

    2 Top Stocks to Buy in the Energy Industry Today

    The energy sector is full of undervalued companies that are perfect for long-term investors, but no stocks are more appealing than Husky Energy Inc (TSX:HSE) and this other high-yielding dividend aristocrat.

  • TFSA Investors: 1 Canadian Dividend Stock I Would Avoid
    The Motley Fool

    TFSA Investors: 1 Canadian Dividend Stock I Would Avoid

    Here's why you need to avoid Husky Energy stock, despite a significant pullback in its share price.

  • 2 Stocks That Lost Big in 2019 Could Rebound in 2020
    The Motley Fool

    2 Stocks That Lost Big in 2019 Could Rebound in 2020

    Husky Energy’s (TSX:HSE) stock could rebound with the price of oil in 2020. Meanwhile, sentiment could shift for SNC Lavalin (TSX:SNC).

  • Investors Who Bought Husky Energy (TSE:HSE) Shares Five Years Ago Are Now Down 58%
    Simply Wall St.

    Investors Who Bought Husky Energy (TSE:HSE) Shares Five Years Ago Are Now Down 58%

    While it may not be enough for some shareholders, we think it is good to see the Husky Energy Inc. (TSE:HSE) share...

  • The Oil Price Turnaround in 2020 Could Boost These 2 Stocks
    The Motley Fool

    The Oil Price Turnaround in 2020 Could Boost These 2 Stocks

    Husky Energy (TSX:HSE) and Vermilion Energy (TSX:VET)(NYSE:VET) could deliver hefty gains if the price of crude oil surges in 2020.

  • Baystreet

    Stocks in play: Husky Energy

    Announces that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered ...

  • GlobeNewswire

    Husky Energy Reports Results of Series 3 Preferred Share Conversion

    CALGARY, Alberta, Dec. 18, 2019 -- Husky Energy announces that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is.

  • GlobeNewswire

    Husky Energy Announces Revised Series 3 Preferred Share Dividend Rate

    CALGARY, Alberta, Dec. 11, 2019 -- On December 2, 2019 Husky Energy (TSX:HSE) announced the fixed-rate quarterly dividend applicable to its Cumulative Redeemable Preferred.

  • Husky Energy Inc.’s (TSE:HSE) Investment Returns Are Lagging Its Industry
    Simply Wall St.

    Husky Energy Inc.’s (TSE:HSE) Investment Returns Are Lagging Its Industry

    Today we'll evaluate Husky Energy Inc. (TSE:HSE) to determine whether it could have potential as an investment idea...