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Husky Energy Inc (HSE.TO)

HSE.TO on Toronto Stock Exchange

19.06CAD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Husky Energy Announces 2018 Budget And Production Guidance
Monday, 4 Dec 2017 07:00am EST 

Dec 4 (Reuters) - Husky Energy Inc ::HUSKY ENERGY ANNOUNCES 2018 BUDGET AND PRODUCTION GUIDANCE.- ‍2018 ANNUAL PRODUCTION IS EXPECTED TO AVERAGE 320,000-335,000 BARRELS OF OIL EQUIVALENT PER DAY​.- ‍2021 PRODUCTION TARGET OF 400,000 BOE/DAY​.FOR 2018, ‍TOTAL CAPITAL SPENDING IS EXPECTED TO BE $2.9-3.1 BILLION​.HUSKY ENERGY - ‍FUNDS FROM OPERATIONS ARE ANTICIPATED TO EXCEED $4 BILLION AND FREE CASH FLOW IS EXPECTED TO BE ABOUT $1 BILLION IN 2018.- ‍2018 DOWNSTREAM NET THROUGHPUTS ARE EXPECTED TO INCREASE SEVEN PERCENT TO APPROXIMATELY 360,000-370,000 BBLS/DAY​.  Full Article

Husky Energy reports third quarter 2017 results
Thursday, 26 Oct 2017 07:00am EDT 

Oct 26 (Reuters) - Husky Energy Inc :Husky Energy reports third quarter 2017 results.Husky Energy Inc - qtrly funds from operations per share, basic, $‍0.89​.Husky Energy Inc - ‍qtrly downstream throughputs of 374,000 bbls/day, compared to 320,000 bbls/day in Q3 2016​.Husky energy inc - for 2017, ‍annual production is expected to remain within 2017 guidance range of 320,000-335,000 barrels of oil equivalent per day​.Husky Energy Inc - ‍capital spending guidance for 2017 has been reduced to $2.2-2.3 billion, excluding superior refinery deal​.Husky energy - ‍decision to expand asphalt capacity in Lloydminster has been deferred and planned work at Lima refinery has been rescheduled to 2018​.Husky Energy Inc - ‍qtrly total equivalent production, before royalties, 318 mboe/day versus 301​ mboe/day.Husky Energy Inc - for 2017, ‍upstream operating costs are expected to remain at low end of 2017 guidance range of $14 to $15 per boe​.  Full Article

Husky agrees to acquire U.S. Midwest Refinery
Monday, 14 Aug 2017 08:55am EDT 

Aug 14 (Reuters) - Husky Energy Inc :Husky agrees to acquire U.S. Midwest Refinery; increases value-added processing capacity.Husky agrees to acquire U.S. Midwest Refinery; increases value-added processing capacity.Husky Energy Inc - deal for ‍$435 million us in cash.​.Husky Energy Inc - ‍plans to retain approximately 180 workers at refinery​.Husky Energy Inc says deal immediately accretive to earnings and funds from operations.Husky Energy Inc - ‍upon closing, new asset will immediately contribute to increased earnings and funds from operations​.Husky Energy Inc - ‍with addition of superior refinery, Husky's total downstream capacity will increase to approximately 395,000 barrels per day​.Husky energy inc says deal to be funded from cash on hand and existing credit facilities.Husky Energy - to buy superior refinery, a 50,000 barrel per day permitted capacity facility from calumet specialty products partners, l.p.​.Husky Energy Inc - ‍entered into definitive agreements to acquire superior refinery​.  Full Article

Snc-Lavalin-Dragados-Pennecon GP to work with Husky Energy on Canadian offshore project
Tuesday, 8 Aug 2017 08:00am EDT 

Aug 8 (Reuters) - Husky Energy Inc :Snc-Lavalin-Dragados-Pennecon General Partnership to work with Husky Energy on Canadian offshore project.Snc-Lavalin Group Inc - GP will build a concrete gravity structure (CGS) for a fixed drilling platform..Snc-Lavalin Group Inc - as part of this GP, Snc-Lavalin and Dragados Canada each hold 40 pct of shares, while local company Pennecon Ltd is a 20 pct partner..Snc-Lavalin Group - structure will be built in Argentia, an industrial area on Southwest coast of Island of Newfoundland, before being moved offshore.Snc-Lavalin Group Inc - work on project is expected to begin shortly and construction is expected to finish in 2021..  Full Article

Husky Energy qtrly net loss per common share - $0.10
Friday, 21 Jul 2017 07:00am EDT 

July 21 (Reuters) - Husky Energy Inc :Husky energy reports second quarter 2017 results.Q2 FFO per share c$0.71.Husky energy - qtrly ‍average upstream production was 320,000 barrels of oil equivalent per day (boe/day), compared to 316,000 boe/day in Q2 of 2016..Qtrly net loss per common share - $0.10.Husky energy inc - ‍annual production is expected to remain on track with company's guidance range of 320,000-335,000 boe/day​.Q2 earnings per share view c$0.06 -- Thomson Reuters I/B/E/S.Qtrly adjusted net earnings per common share basic $0.01.  Full Article

Wood Group wins multi-million dollar Husky Energy contract
Thursday, 29 Jun 2017 02:30am EDT 

June 29 (Reuters) - John Wood Group Plc ::Husky energy awarded co a multi-million dollar contract to complete engineering for topsides of white rose in eastern Canada.  Full Article

Husky Energy sees 2017 production 320-335 MBOE/day
Tuesday, 30 May 2017 07:00am EDT 

May 30 (Reuters) - Husky Energy Inc ::Sees 2017 production 320 - 335 mboe/day.Husky Energy Inc - under Husky's plan, funds from operations are expected to grow from about $3.3 billion in 2017 to about $4.8 billion in 2021..Husky Energy Inc - ‍capital spending guidance for 2017 has been reduced by $100 million to $2.5 - $2.6 billion.Husky energy inc sees ‍free cash flow rising from about $750 million in 2017 to about $1.2 billion in 2021​.Husky energy - sees 4.8 percent per year production growth, from about 320,000 - 335,000 BOE/day in 2017 to 390,000 - 400,000 BOE/day in 2021.Husky Energy Inc - ‍expects to add 40,000 bbls/day of new thermal bitumen nameplate capacity over next five years.Husky Energy Inc - ‍tucker thermal bitumen production expected to ramp up towards 30,000 bbls/day in 2018​.  Full Article

Husky Energy Inc approves West White Rose Project and announces new discovery
Monday, 29 May 2017 08:00am EDT 

May 29 (Reuters) - Husky Energy Inc ::Husky Energy Inc says is moving forward with west white rose project offshore newfoundland and labrador.Husky Energy -company and its partners will use a fixed wellhead platform tied back to searose floating production, storage and offloading (fpso) vessel.Husky Energy - first oil from West White Rose project is expected in 2022, project is expected to achieve gross peak production rate of about 75,000 bbls/day in 2025.  Full Article

Husky energy reports Q1 EPS $0.06
Friday, 5 May 2017 06:00am EDT 

May 5 (Reuters) - Husky Energy Inc :Husky Energy reports 2017 first quarter results.Qtrly total net bitumen production from thermal projects averaged 121,000 barrels per day (BBLS/day), up 47 percent over Q1 2016.Qtrly overall average upstream production was 334,000 BOE/day, up from 327,000 BOE/day in prior quarter.Qtrly FFO $0.71.Qtrly earnings per share $0.06.Q1 earnings per share view c$0.05, revenue view c$4.48 billion -- Thomson Reuters I/B/E/S.  Full Article

Husky Energy announces notes offering
Tuesday, 7 Mar 2017 01:53pm EST 

Husky Energy Inc : Husky energy announces notes offering . Has agreed to issue $750 million CDN in notes maturing on March 10, 2027 . 2027 notes have a coupon of 3.60 percent .Net proceeds of offering to be used for repayment when due in sept of husky's 6.20 percent notes in principal amount of $300 million.  Full Article

UPDATE 3-Cenovus ropes in oil industry veteran from Husky Energy as CFO

April 5 Canadian oil and gas producer Cenovus Energy Inc said on Thursday it named Jon McKenzie chief financial officer, bringing in an industry veteran who most recently helped rival Husky Energy Inc rein in costs and strengthen its finances.