15:27:56 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Husky Energy Inc
Symbol HSE
Shares Issued 1,005,121,098
Close 2018-07-11 C$ 20.86
Market Cap C$ 20,966,826,104
Recent Sedar Documents

Post says Husky, others argue oil patch has a future

2018-07-11 09:23 ET - In the News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc
Also In the News (C-IMO) Imperial Oil Ltd
Also In the News (C-SU) Suncor Energy Inc

The Financial Post reports in its Wednesday edition that executives at Canada's five largest oil companies pushed back against suggestions Tuesday that their industry was in the twilight of its industrial life, as each company detailed growth plans in the face of carbon taxes and pipeline constraints. The Post's Geoffrey Morgan quotes Husky Energy chief executive officer Rob Peabody telling a Calgary investment conference, "I think we've come through a period, and I think we're closer to the end of it, of people looking at the oil and gas industry almost as a twilight industry." He added that there was a "huge" demand for oil products for at least the next 50 years. The International Energy Agency, the U.S. Energy Information Administration and OPEC all project the worldwide demand for oil soon reaching 100 million barrels per day despite the rise of electric vehicles and the growth of renewable energy sources. Mr. Peabody and his rivals at Suncor, Canadian Natural Resources, Cenovus and Imperial Oil have all seen their companies' share prices hurt by negative investor sentiment toward the oil sands as a result of concerns about carbon intensity as well as regulatory, tax, pipeline and price problems.

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