Husky Energy (HSE.TO) Buy, Sell or Hold

Husky Energy (HSE.TO)

6.76

+0.33 (5.13%)

as of Jan 5, 2021, 9:00:00 pm Market Open.

225 watching

DON'T BUY

Interesting because it’s not been a great performer but has a bit of a yield on it. Needs a change in strategy. Ownership has been offshore for quite a bit of time. Needs more focus.

COMMENT

Very low leverage so dividend is probably safe. From total return perspective, it doesn't stand out for him as meeting their hurdles. Will probably generate production growth of 2% plus you get a small dividend yield.

PAST TOP PICK

(A Top Pick June 5/09. Down 22.4% excluding dividends.) Still a Hold.

HOLD

We are right in the period of seasonal strength, which runs from beginning of February until the first week in June. Stick with it until the first week in June and then take some money off the table.

DON'T BUY

Sold a significant part of his holdings in the last couple of months. Good dividend payer, but potential of an increase over the next couple of years is limited. Oil stands costs look like they will be high compared to other companies.

COMMENT

Not going to get the same multiple as the rest of the sector as there is not as much growth. Wouldn't recommend it as a top pick.

BUY

Heavy oil differential to light oil has narrowed to only about 10% discount. So producers of heavy oil are making a lot of money. Building their Sunrise oil sands project as well as some interesting exploration acreage in Greenland. Almost 4% dividend. Strong balance sheet.

TOP PICK

His model price is $40.20 but if you take consensus forecasts for 2011 at $2.69, the model price would be $46.50. Potential rate of 60% return. 4% yield.

BUY

Oil leveraged. Planning on spinning off their deep-water discoveries in China with participation by China. Stock has probably bottomed and would be a good time to get in. 4.5% yield.

SELL

Has been a disappointment. Refocus of capital into Southeast Asia probably means probably no production growth this year. Dividend of about 4% pays you to stick around but he would prefer other things to do with his money.

COMMENT

Big play in Asia off China, which they may spin off. Great dividend. Negotiating with Chevron (CVX-N) to possibly pick up a big refinery in BC. Likes all these things but doesn't know why it is struggling.

PAST TOP PICK

(A Top Pick March 9/09. Up 8.55%.) Getting a little bit tired of this one. Good dividend.

DON'T BUY

Downside risk is virtually zero. It is so weak because it is focused on US refining. That sector was badly beaten up in terms of margin. Here is some potential catalyst. There is too much supply of the end product of refining.

WEAK BUY

It is not really a contrition play, but is a pretty solid value play. If you believe that oil is going to go up then this is where the upside in this stock is. It is fairly valued now.

DON'T BUY

Has no idea why they are not doing very well, but it is still below its 200-day moving average. The main thing is to see if the stock can hold $26.

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