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LKSF
01.2021
News Bites
Husky and Cenovus combine to become stronger and larger
Husky Energy and Cenovus combined their businesses to become the third-largest Canadian oil and natural gas company. The combination will result in C$1.2 billion in cost and capital synergies, enhance free funds flow generation and deliver superior return opportunities for investors. Industry analysts forecast that, as no equity accounting is required as it will hold less than 20% of the combined company, CKHH will have less earnings exposure to low oil prices but much greater value if prices rise.
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Husky
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01.2021
News Bites
Moving along with Spruce Lake and Liwan
Husky Energy has achieved first oil in Saskatchewan at its Spruce Lake Central thermal project, and started gas production from the Liuhua 29-1 field in the South China Sea. A strong and steady stream of free cash flow is highly anticipated upon the completion of both ventures.
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Husky
Liwan
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