Report
Joe Gemino
EUR 101.80 For Business Accounts Only

Husky Energy: Still No Dividend, but 20% Upside Remains

Husky’s management continues to signal that investors should not expect reinstatement of the company's dividend in the near future. Management has met its internal targets that it set out for dividend reinstatement, but the restatement of the dividend hinges on oil market stability. Accordingly, management is not confident enough in the oil market to reinstate its dividend.
During the quarter, production averaged nearly 320,000 barrels per day, compared with 316 mbbl/d in the year-ago period. Pr...
Underlying
Husky Energy Inc.

Husky Energy is engaged in the exploration, development and production of oil and natural gas. Co.'s operations are located in Canada and United States. As of Dec. 31, 2011, Co. had total proved oil and natural gas reserves of 1,172.4 million barrels of oil equivalent (Mmboe) gross (1,010.7 Mmboe net).

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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