This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
West Texas Intermediate crude for April delivery added 35 cents to $58.61 on the New York Merc, while Brent for May lost 32 cents to $67.23 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.70 to WTI, up from a discount of $10.77. Natural gas for April added four cents to $2.86. The TSX energy index added a fraction to close at 156.58.
Li Ka-shing's Husky Energy Inc. (HSE) lost 26 cents to $13.89 on 3.87 million shares, after arranging a $750-million (U.S.) senior note offering. The notes bear interest at 4.4 per cent and mature in 2029. Husky says it will use the proceeds for general purposes, including the repayment of debt due this year. The note offering will not actually cover all of the debt due this year; according to Husky's latest financials, the amount of notes due in 2019 exceeded $1.4-billion as of Dec. 31, 2018. Husky is unconcerned, as even before this latest note offering, it had $2.9-billion in cash and $4.3-billion in unused credit facilities.
The remainder is available to Stockwatch subscribers.
© 2019 Canjex Publishing Ltd. All rights reserved.