Husky’s Downstream Disappoints, but Stock Looks Fairly Valued
Despite a favorable refining environment, no-moat Husky Energy reported third-quarter free cash flow of CAD 350 million, a slight decline from the year-ago quarter and down CAD 150 million sequentially. Lower free cash flow was driven by increased dividend payments coupled with lower downstream throughput because of maintenance at Lima and the temporary shut-down of the Superior refinery. Ignoring first-in-first-out gains and losses, U.S. refining margins increased to $17.86 per barrel from $13....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).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.