Report
Joe Gemino
EUR 101.80 For Business Accounts Only

Husky's shift toward lower-sustaining-capital production aims to solidify the balance sheet.

After updating our model for Husky’s third-quarter results, we are raising our fair value estimate to CAD 18 from our previous estimate of CAD 17 per share. Our increase in 2018 commodity price forecasts drove the boost in our fair value estimate. Trading near CAD 17 per share, the stock has appreciated nearly 20% since the company’s last quarterly earnings and is now approaching our new fair value estimate of CAD 18 per share. It seems that our thesis is playing out, and the market is appreciat...
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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