Husky Energy

HSE-T

TSE:HSE

4.69
0.03 (0.64%)
Husky Energy Inc. is one of Canada’s largest integrated energy companies, headquartered in Calgary, Alberta. Its common shares are publicly traded on the Toronto Stock Exchange under the symbol HSE.
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Analysis and Opinions about HSE-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 3, 2020

ATH vs HSE vs MEG? The clear stand out is MEG, who is 55% hedged at $59 oil prices. ATH has a high cost project with Hangingstone and is burning cash, although they have enough liquidity for the next 9 months. He would never own HSE, because of their ESG issues. All bets are off for all of them if $25 oil prices remain in 2021.

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Husky Energy (HSE-T)
April 3, 2020

ATH vs HSE vs MEG? The clear stand out is MEG, who is 55% hedged at $59 oil prices. ATH has a high cost project with Hangingstone and is burning cash, although they have enough liquidity for the next 9 months. He would never own HSE, because of their ESG issues. All bets are off for all of them if $25 oil prices remain in 2021.

COMMENT
COMMENT
March 24, 2020
They announced a $1-billion spending cutback. Their cash flow is right on their dividend, so they could cut the dividend and use that cash to lower their debt. Cash flow is tight with this low oil price. They could endure Q2 without cutting the dividend and cash flow improves along with the oil price. The upstream side will have less cash flow, but downstream could be much more profitable if people return to driving.
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Husky Energy (HSE-T)
March 24, 2020
They announced a $1-billion spending cutback. Their cash flow is right on their dividend, so they could cut the dividend and use that cash to lower their debt. Cash flow is tight with this low oil price. They could endure Q2 without cutting the dividend and cash flow improves along with the oil price. The upstream side will have less cash flow, but downstream could be much more profitable if people return to driving.
DON'T BUY
DON'T BUY
March 4, 2020
It has been a very difficult share to own for investors. Right now they are in defense mode again as oil prices have fallen recently. He expects a proactive cut in production out of OPEC however. Creditors are putting clamps on further US shale production currently, so he feels there is a road to better times ahead. He thinks there are better investments than Husky out there though.
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Husky Energy (HSE-T)
March 4, 2020
It has been a very difficult share to own for investors. Right now they are in defense mode again as oil prices have fallen recently. He expects a proactive cut in production out of OPEC however. Creditors are putting clamps on further US shale production currently, so he feels there is a road to better times ahead. He thinks there are better investments than Husky out there though.
DON'T BUY
DON'T BUY
February 18, 2020
The problem with this sector is divestment by pensions, for example, though Husky is in the top tier of companies.
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Husky Energy (HSE-T)
February 18, 2020
The problem with this sector is divestment by pensions, for example, though Husky is in the top tier of companies.
DON'T BUY
DON'T BUY
February 12, 2020
He would not bother with this one. They have had several spill issues and governance issues that really turn him off. There are way better plays out there he thinks.
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Husky Energy (HSE-T)
February 12, 2020
He would not bother with this one. They have had several spill issues and governance issues that really turn him off. There are way better plays out there he thinks.
PAST TOP PICK
PAST TOP PICK
February 3, 2020
(A Top Pick Dec 24/19, Down 18%) He has liked HSE for its higher highs and higher lows. Now, he doesn't like that it's breaking down to its support level. If it falls below $8, then get out.
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Husky Energy (HSE-T)
February 3, 2020
(A Top Pick Dec 24/19, Down 18%) He has liked HSE for its higher highs and higher lows. Now, he doesn't like that it's breaking down to its support level. If it falls below $8, then get out.
HOLD
HOLD
January 24, 2020
Down and out? Remember there is a nice dividend ($0.50 annually and a yield over 5%). The skepticism is in how are they going to grow the business. The balance sheet is in fine shape -- debt of only $4.6 billion and they are sitting on over $2 billion in cash. The key is with production, can they start growing it? Will be East Coast Canada, China, etc? When WTI was around $66 the share price traded over $20. If you own it stay with it.
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Husky Energy (HSE-T)
January 24, 2020
Down and out? Remember there is a nice dividend ($0.50 annually and a yield over 5%). The skepticism is in how are they going to grow the business. The balance sheet is in fine shape -- debt of only $4.6 billion and they are sitting on over $2 billion in cash. The key is with production, can they start growing it? Will be East Coast Canada, China, etc? When WTI was around $66 the share price traded over $20. If you own it stay with it.
TOP PICK
TOP PICK
December 24, 2019
Hold for a year or so. We're in a secular bear market for commodities, but we're heading into year two of a four-year cycle. Year three is strong for energy (2021). So, HSE is poised to rise. He expects this to move above $12 to $16, and possibly higher in 2021. Resistance is $13-14, the upside target. (Analysts’ price target is $11.39)
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Husky Energy (HSE-T)
December 24, 2019
Hold for a year or so. We're in a secular bear market for commodities, but we're heading into year two of a four-year cycle. Year three is strong for energy (2021). So, HSE is poised to rise. He expects this to move above $12 to $16, and possibly higher in 2021. Resistance is $13-14, the upside target. (Analysts’ price target is $11.39)
BUY
BUY
December 23, 2019
2020 is the year of the big gulp, not the nibble on energy stocks. HSE-T bottomed in the summer. The longer it does that the better it is. This is a good place to start in the energy sector. If we get through the $12 range it will be off to the races.
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Husky Energy (HSE-T)
December 23, 2019
2020 is the year of the big gulp, not the nibble on energy stocks. HSE-T bottomed in the summer. The longer it does that the better it is. This is a good place to start in the energy sector. If we get through the $12 range it will be off to the races.
PARTIAL BUY
PARTIAL BUY
December 4, 2019
FMV is 40% higher than the current stock price. It's a decent time to be in this company. Has a decent balance sheet. 70% of oil stocks are sending stress signals, as smaller energy companies go bankrupt, though HSE won't. Oil prices must move up or a lot of juniors are in trouble.
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Husky Energy (HSE-T)
December 4, 2019
FMV is 40% higher than the current stock price. It's a decent time to be in this company. Has a decent balance sheet. 70% of oil stocks are sending stress signals, as smaller energy companies go bankrupt, though HSE won't. Oil prices must move up or a lot of juniors are in trouble.
BUY
BUY
November 28, 2019
He's a fan of energy for the next 12 months. Way undervalued. Good value here, so a pretty safe bet.
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Husky Energy (HSE-T)
November 28, 2019
He's a fan of energy for the next 12 months. Way undervalued. Good value here, so a pretty safe bet.
BUY WEAKNESS
BUY WEAKNESS
November 21, 2019
It is totally out of favour. People are concerned about egress and growth. Debt went up to 23%. But they are sitting on a lot of cash. The balance sheet is good. This one has been devastated in the last years. The projects they are adding aren't sexy enough for investors. Buy during tax loss selling.
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Husky Energy (HSE-T)
November 21, 2019
It is totally out of favour. People are concerned about egress and growth. Debt went up to 23%. But they are sitting on a lot of cash. The balance sheet is good. This one has been devastated in the last years. The projects they are adding aren't sexy enough for investors. Buy during tax loss selling.
BUY WEAKNESS
BUY WEAKNESS
November 14, 2019
He likes it here. It has lows in August and September. Maybe it is going to get to $9.40-$9.50. It broke the steep downtrend and is probably going to go sideways for a while.
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Husky Energy (HSE-T)
November 14, 2019
He likes it here. It has lows in August and September. Maybe it is going to get to $9.40-$9.50. It broke the steep downtrend and is probably going to go sideways for a while.
HOLD
HOLD
November 8, 2019
It’s broken through the resistance point. The volume looks pretty good. It’s one of the few stocks he would look into buying. A good short term upside target is $14.50. It’s had a major decline like others in the sector.
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Husky Energy (HSE-T)
November 8, 2019
It’s broken through the resistance point. The volume looks pretty good. It’s one of the few stocks he would look into buying. A good short term upside target is $14.50. It’s had a major decline like others in the sector.
COMMENT
COMMENT
October 29, 2019
A full leveraged investment in this? Oh boy. He owns something similar. Own an integrated oil stock like this, if you play Canadian energy. Like the space, the stock is down now so much that it's attractive long term. You can make a ton of money in a leveraged play, possibly, but leveraging works both ways -- it would make him nervous.
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Husky Energy (HSE-T)
October 29, 2019
A full leveraged investment in this? Oh boy. He owns something similar. Own an integrated oil stock like this, if you play Canadian energy. Like the space, the stock is down now so much that it's attractive long term. You can make a ton of money in a leveraged play, possibly, but leveraging works both ways -- it would make him nervous.
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
The stock has been shafted because people don't know where the growth will come from. On weakness on tax loss selling it could start a good total return.
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Husky Energy (HSE-T)
October 10, 2019
The stock has been shafted because people don't know where the growth will come from. On weakness on tax loss selling it could start a good total return.
PAST TOP PICK
PAST TOP PICK
July 26, 2019
(A Top Pick Jul 06/18, Down 46%) A year ago, energy was stabilizing. Now, it's terrible. Interesting: this stock price has been halved, but the metrics are the same. HSE is still really cheap: 3.7x EBITDA, 0.6x book value, 9x earnings. It beat its last quarter, but didn't matter. That's the story of half the energy sector. Pays a sustainable 4% yield.
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Husky Energy (HSE-T)
July 26, 2019
(A Top Pick Jul 06/18, Down 46%) A year ago, energy was stabilizing. Now, it's terrible. Interesting: this stock price has been halved, but the metrics are the same. HSE is still really cheap: 3.7x EBITDA, 0.6x book value, 9x earnings. It beat its last quarter, but didn't matter. That's the story of half the energy sector. Pays a sustainable 4% yield.
WEAK BUY
WEAK BUY
July 25, 2019
Cash flow is down. Production down. Impacted by curtailments in western Canada. Going to have growth in China, going to add more thermal projects over time. Stock is cheap. Good total return story. Not a name for him, but can see that it makes sense for conservative investors. Yield is close to 4.5%.
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Husky Energy (HSE-T)
July 25, 2019
Cash flow is down. Production down. Impacted by curtailments in western Canada. Going to have growth in China, going to add more thermal projects over time. Stock is cheap. Good total return story. Not a name for him, but can see that it makes sense for conservative investors. Yield is close to 4.5%.
WAIT
WAIT
May 24, 2019
It has been beaten up and trades below December lows. Investors were disappointed when the MEG-T deal did not go through. There is a decent yield. He wants to do more work on this one. If the cash flow is as strong as they say, it is very possible they could increase the dividend -- maybe to $1 per share per quarter.
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Husky Energy (HSE-T)
May 24, 2019
It has been beaten up and trades below December lows. Investors were disappointed when the MEG-T deal did not go through. There is a decent yield. He wants to do more work on this one. If the cash flow is as strong as they say, it is very possible they could increase the dividend -- maybe to $1 per share per quarter.
HOLD
HOLD
April 22, 2019
He wouldn't buy it here, but hold it if he owned it. $15.92 is his target price. We'll see how their earnings do. This will benefit from rising oil prices. He's lukewarm on HSE.
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Husky Energy (HSE-T)
April 22, 2019
He wouldn't buy it here, but hold it if he owned it. $15.92 is his target price. We'll see how their earnings do. This will benefit from rising oil prices. He's lukewarm on HSE.
BUY
BUY
April 18, 2019
Balance sheet in great shape. Started paying a dividend again. Lots of cash. Good prices on natural gas production. Book value is $19.51. For long-term investors, if the stock goes to $16-17 plus the dividend, that's a pretty good return.
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Husky Energy (HSE-T)
April 18, 2019
Balance sheet in great shape. Started paying a dividend again. Lots of cash. Good prices on natural gas production. Book value is $19.51. For long-term investors, if the stock goes to $16-17 plus the dividend, that's a pretty good return.
COMMENT
COMMENT
March 28, 2019
The MEG-T deal did not happen and now people wonder where the growth will come from. Their guidance suggests growth in China. Book value is $19.51. 28% debt. It got hit in Q4. They make their money in refineries.
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Husky Energy (HSE-T)
March 28, 2019
The MEG-T deal did not happen and now people wonder where the growth will come from. Their guidance suggests growth in China. Book value is $19.51. 28% debt. It got hit in Q4. They make their money in refineries.
COMMENT
COMMENT
March 13, 2019
He owns Suncor and CNQ in this space. Husky is well-managed with good long-term assets. He has nothing negative to say about it; he just prefers these two other oil companies.
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Husky Energy (HSE-T)
March 13, 2019
He owns Suncor and CNQ in this space. Husky is well-managed with good long-term assets. He has nothing negative to say about it; he just prefers these two other oil companies.
SPECULATIVE BUY
SPECULATIVE BUY
February 26, 2019
HSE will move with the oil price. You can buy it here and trade it when oil spikes. HSE walked away from the Meg Energy deal, which surprised many. Maybe it will happen later.
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Husky Energy (HSE-T)
February 26, 2019
HSE will move with the oil price. You can buy it here and trade it when oil spikes. HSE walked away from the Meg Energy deal, which surprised many. Maybe it will happen later.
BUY
BUY
February 21, 2019
He likes it and it is in his focus equity portfolio. There was a downtrend at the end of October and now we are testing higher highs and higher lows.
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Husky Energy (HSE-T)
February 21, 2019
He likes it and it is in his focus equity portfolio. There was a downtrend at the end of October and now we are testing higher highs and higher lows.
BUY
BUY
February 14, 2019
They had a strange outcome with the MEG-T hostile bid. They walked away. It raised the question of political interference from China. HSE-T is in the top 3% of all companies for him. You can't go wrong owning it.
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Husky Energy (HSE-T)
February 14, 2019
They had a strange outcome with the MEG-T hostile bid. They walked away. It raised the question of political interference from China. HSE-T is in the top 3% of all companies for him. You can't go wrong owning it.
DON'T BUY
DON'T BUY
January 31, 2019
It is run out of Hong Kong. There are other oil companies. He prefers others. You should not have to worry about how they are managing the business.
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Husky Energy (HSE-T)
January 31, 2019
It is run out of Hong Kong. There are other oil companies. He prefers others. You should not have to worry about how they are managing the business.
COMMENT
COMMENT
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
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Husky Energy (HSE-T)
January 25, 2019
What happened with Husky? He has to be vague. HSE-T stepping away from its tender of MEG-T was not about Alberta curtailment risk. It was not about the lack of pipeline progress. Rumours suggest 60% of the shares were tendered. So it makes him think it was something too sensitive to be officially released. Perhaps there could have been an outside entity or government that would not allow Husky to purchase MEG. That is as far has he is going. MEG has been a huge winner for the production curtailment as the WCS differentials have tightened.
WATCH
WATCH
January 24, 2019
They walked away from MEG-T. The whole thing with takeaway capacity will continue to be a problem. Wait for some guidance. If we see pipe go in the ground we may see some acquisition activity take off.
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Husky Energy (HSE-T)
January 24, 2019
They walked away from MEG-T. The whole thing with takeaway capacity will continue to be a problem. Wait for some guidance. If we see pipe go in the ground we may see some acquisition activity take off.
COMMENT
COMMENT
December 21, 2018
Breaking News The unsolicited offer has been given an exemption by the ASC that avoids having to provide identical consideration to all securities holders. This means MEG will plan to waive its shareholder rights plan, but still plans to reject the offer the Husky. He feels this is an unusual decision by the ASC and MEG, but does not have an opinion on the issues.
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Husky Energy (HSE-T)
December 21, 2018
Breaking News The unsolicited offer has been given an exemption by the ASC that avoids having to provide identical consideration to all securities holders. This means MEG will plan to waive its shareholder rights plan, but still plans to reject the offer the Husky. He feels this is an unusual decision by the ASC and MEG, but does not have an opinion on the issues.
COMMENT
COMMENT
December 17, 2018
They are pursuing MEG energy but they are not that receptive. HSE-T stock has retreated. He thinks they will win this. They have refining capacity.
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Husky Energy (HSE-T)
December 17, 2018
They are pursuing MEG energy but they are not that receptive. HSE-T stock has retreated. He thinks they will win this. They have refining capacity.
COMMENT
COMMENT
December 14, 2018
Do you like the MEG - HSE merger? He has been a supporter of tightening heavy differentials. He no longer holds MEG-T and regets it -- because it really is a high torque heavy oil company. The street does not think HSE-T will have to increase the bid to buy them. If you hold MEG-T you are essentially holding HSE-T now. He thinks there are better companies to invest in to maximize your exposure to heavy oil improving.
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Husky Energy (HSE-T)
December 14, 2018
Do you like the MEG - HSE merger? He has been a supporter of tightening heavy differentials. He no longer holds MEG-T and regets it -- because it really is a high torque heavy oil company. The street does not think HSE-T will have to increase the bid to buy them. If you hold MEG-T you are essentially holding HSE-T now. He thinks there are better companies to invest in to maximize your exposure to heavy oil improving.
BUY
BUY
November 21, 2018
They benefit from the wide WCS differential. They just beat their earnings 7%. Excellent balance sheet. 0.3x net debt-to-EBITDA. 79% payout ratio supports their dividend, and trade cheaper than peers. Only caveat is he doesn't so as much growth in 2019. If you need to own oil, this is very defensive.
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Husky Energy (HSE-T)
November 21, 2018
They benefit from the wide WCS differential. They just beat their earnings 7%. Excellent balance sheet. 0.3x net debt-to-EBITDA. 79% payout ratio supports their dividend, and trade cheaper than peers. Only caveat is he doesn't so as much growth in 2019. If you need to own oil, this is very defensive.
COMMENT
COMMENT
October 19, 2018

The hostile takeover bid for MEG may result in a higher bid – he has not written off the prospect entirely. He has not been a great fan of HSE-T, but he has owned MEG. As the energy sector has collapsed further, Husky is trying to take advantage of epically undervalued assets. He thinks MEG could go for closer to $13 per share versus the current $10.88 bid. He wonders if Suncor or Imperial may step forward as a bidder.

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Husky Energy (HSE-T)
October 19, 2018

The hostile takeover bid for MEG may result in a higher bid – he has not written off the prospect entirely. He has not been a great fan of HSE-T, but he has owned MEG. As the energy sector has collapsed further, Husky is trying to take advantage of epically undervalued assets. He thinks MEG could go for closer to $13 per share versus the current $10.88 bid. He wonders if Suncor or Imperial may step forward as a bidder.

BUY
BUY
September 7, 2018

They recently raised the dividend and the balance sheet is good. Sales of natural gas in China are strong. The balance sheet is good and book value is $18.72 per share. Over 30% of their revenue comes from international markets. He sees better opportunities out there, but views this as a good stock for conservative investors.

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Husky Energy (HSE-T)
September 7, 2018

They recently raised the dividend and the balance sheet is good. Sales of natural gas in China are strong. The balance sheet is good and book value is $18.72 per share. Over 30% of their revenue comes from international markets. He sees better opportunities out there, but views this as a good stock for conservative investors.

TOP PICK
TOP PICK
July 6, 2018

This is an unloved energy stock that not enough people talk about. Price momentum has improved but valuation has improved a great deal. Husky is a boring, low-growth integrated oil and gas company -- which he likes. The company projects an 8% growth profile for several years to come, which is good, but modest compared to other stocks in the industry. This is a safe stock that people will do well in, if there is a sustained oil recovery.

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Husky Energy (HSE-T)
July 6, 2018

This is an unloved energy stock that not enough people talk about. Price momentum has improved but valuation has improved a great deal. Husky is a boring, low-growth integrated oil and gas company -- which he likes. The company projects an 8% growth profile for several years to come, which is good, but modest compared to other stocks in the industry. This is a safe stock that people will do well in, if there is a sustained oil recovery.