The Market Finally Looks Past Husky’s Lack of Dividend
No-moat Husky Energy reported strong third-quarter results, highlighted by its largest free cash flow in two years. Husky reported free cash flow of CAD 380 million compared with CAD 310 million in the year-ago quarter and CAD 135 million in the second quarter. Increased free cash flow was driven by the company’s production portfolio, which shifted toward low-sustaining capital. As it currently stands, Husky is in position to generate free cash flow on its upstream production when oil prices exc...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).
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