The Globe and Mail reports in its Friday edition that Husky Energy boss Rob Peabody believes the deep discount on Canadian heavy oil will persist through 2020. The Globe's Jeffrey Jones writes that Mr. Peabody notes more export capacity to the United States Midwest is due to come on-line by the end of next year, providing some relief for hard-hit producers. Mr. Peabody says: "The numbers would suggest, by the time that comes on, we still have, net, too much production coming out of Western Canada. So even as we studied this MEG [Energy] deal, we have taken a fairly conservative [approach]. We are assuming high differentials continue certainly the rest of this year, all of next year, all of the year after that. And then we start seeing some structural relief from some of these pipelines, if they come on according to the current schedule." MEG has rejected Husky's $3.3-billion cash-and-stock offer, saying it undervalues its assets and prospects, and that the odds of a richer bid emerging are good. Husky has offered $11 in cash, or 0.485 of a Husky share, for each MEG share. It would also assume MEG's $3.1-billion debt, putting the value of a deal at $6.4-billion. Husky's bid at Thursday's close was worth $9.13.