Husky Energy

HSE-T

TSE:HSE

4.23
0.04 (0.94%)
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
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.

HOLD
HOLD
July 4, 2018

As long as the oil prices does well, so will this. He holds Suncor (SU-T), instead. They have some refining exposure, which has been great for the bottom line. He owns the preferred shares for clients, buying them during the last oil crisis. Be careful, however, holding commodity based preferred shares – things can go wrong when the commodity price tanks.

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Husky Energy (HSE-T)
July 4, 2018

As long as the oil prices does well, so will this. He holds Suncor (SU-T), instead. They have some refining exposure, which has been great for the bottom line. He owns the preferred shares for clients, buying them during the last oil crisis. Be careful, however, holding commodity based preferred shares – things can go wrong when the commodity price tanks.

BUY
BUY
June 29, 2018

Husky vs. Suncor (SU-T) Which has more room to grow? Both in same wheelhouse. Both have done well in downturn, Suncor a bit better, with decent dividend, good free cash flow, buying back stock. You could own Suncor and be happy. If you want the income, go with Suncor. Husky has less actual growth, but more upside, so if you want the appreciation go with Husky. You can’t lose with either, they’re both great.

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Husky Energy (HSE-T)
June 29, 2018

Husky vs. Suncor (SU-T) Which has more room to grow? Both in same wheelhouse. Both have done well in downturn, Suncor a bit better, with decent dividend, good free cash flow, buying back stock. You could own Suncor and be happy. If you want the income, go with Suncor. Husky has less actual growth, but more upside, so if you want the appreciation go with Husky. You can’t lose with either, they’re both great.

DON'T BUY
DON'T BUY
April 26, 2018

It is an interesting turnaround. It will be really pressed to see the gains we have seen. But the management team has done what they said. They fixed the company and he is impressed. The numbers today were good. It seems to be a well run company. He is just not wild about the oil patch, however.

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Husky Energy (HSE-T)
April 26, 2018

It is an interesting turnaround. It will be really pressed to see the gains we have seen. But the management team has done what they said. They fixed the company and he is impressed. The numbers today were good. It seems to be a well run company. He is just not wild about the oil patch, however.

COMMENT
COMMENT
March 16, 2018

He thinks this company wanted to repair their balance sheet and is now showing some traction. Victor Lee knows Canada and they could become an acquirer in the future. The dividend could also increase. The stock has been boring, but it is trading below book value and on cheap cash flow multiples. It does not have the sizzle; it does not have light oil or Monteney natural gas. He would pick this for less volatility with 10-15% upside per year.

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Husky Energy (HSE-T)
March 16, 2018

He thinks this company wanted to repair their balance sheet and is now showing some traction. Victor Lee knows Canada and they could become an acquirer in the future. The dividend could also increase. The stock has been boring, but it is trading below book value and on cheap cash flow multiples. It does not have the sizzle; it does not have light oil or Monteney natural gas. He would pick this for less volatility with 10-15% upside per year.

SELL
SELL
March 15, 2018

A boring stock: boring growth rate, dividend rate, cash flow compared to Canadian and American peers. Take your losses and move on.

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Husky Energy (HSE-T)
March 15, 2018

A boring stock: boring growth rate, dividend rate, cash flow compared to Canadian and American peers. Take your losses and move on.

COMMENT
COMMENT
March 1, 2018

He traditionally prefers CNQ and Suncor for large-cap oil companies. There’s nothing particularly wrong with Husky, but CNQ’s cash flow is better.

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Husky Energy (HSE-T)
March 1, 2018

He traditionally prefers CNQ and Suncor for large-cap oil companies. There’s nothing particularly wrong with Husky, but CNQ’s cash flow is better.

COMMENT
COMMENT
February 16, 2018

He does not own this integrated company. It is one of the most levered stocks to oil prices. If you think oil price will rise it will rise too.

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Husky Energy (HSE-T)
February 16, 2018

He does not own this integrated company. It is one of the most levered stocks to oil prices. If you think oil price will rise it will rise too.

COMMENT
COMMENT
December 19, 2017

They suspended the dividends but there is an expectation they are going to restore it. Going sideways, fairly good development overall. We are not in the seasonal period for energy. It can be a little weak in January. If it get closer to $19 level or so, that would be a good technical buy signal. We’ve seen some pickup with higher lows so technically this looks better as we get into the seasonal period for energy stock.

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Husky Energy (HSE-T)
December 19, 2017

They suspended the dividends but there is an expectation they are going to restore it. Going sideways, fairly good development overall. We are not in the seasonal period for energy. It can be a little weak in January. If it get closer to $19 level or so, that would be a good technical buy signal. We’ve seen some pickup with higher lows so technically this looks better as we get into the seasonal period for energy stock.

SELL
SELL
November 29, 2017

Sell and buy Enbridge (ENB-T)? You are on the right track. He would get rid of this and buy Enbridge. With energy infrastructure, you are getting very predictable cash flows. It is tough not to like Enbridge considering that it accounts for about two thirds of the oil that crosses over the Canadian and US border. Also has a backlog of over $25 billion that they should be able to execute pretty seamlessly. That translates into mid-single digits/high single digits cash flow growth.

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Husky Energy (HSE-T)
November 29, 2017

Sell and buy Enbridge (ENB-T)? You are on the right track. He would get rid of this and buy Enbridge. With energy infrastructure, you are getting very predictable cash flows. It is tough not to like Enbridge considering that it accounts for about two thirds of the oil that crosses over the Canadian and US border. Also has a backlog of over $25 billion that they should be able to execute pretty seamlessly. That translates into mid-single digits/high single digits cash flow growth.

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