Husky Energy Inc.

Husky Energy is pleased to announce the transaction to strategically combine with Cenovus Energy has closed. The transaction was completed through a definitive arrangement agreement announced on October 25, 2020 under which Cenovus and Husky agreed to combine in an all-stock transaction. Pursuant to the transaction agreement, Husky common shareholders received 0.7845 of a Cenovus common share and 0.0651 of a Cenovus [...]

Cenovus Energy Inc. and Husky Energy Inc. are pleased to announce the Court of Queen’s Bench of Alberta has issued a final order approving the previously announced Plan of Arrangement to combine the two companies. The court’s approval follows separate votes held on December 15, 2020 in which Cenovus common shareholders and Husky common shareholders, optionholders and preferred shareholders supported the proposed [...]

Cenovus Energy Inc. and Husky Energy Inc. are pleased to announce that securityholders from both companies have voted to support the proposed transaction, announced October 25, 2020, to combine the two companies into a resilient integrated energy leader. On December 15, 2020, Cenovus and Husky held separate special shareholder meetings via live webcast. Each company’s securityholders, respectively, voted on resolutions in [...]

Cenovus Energy Inc. and Husky Energy Inc. are pleased to announce the executive leadership team that is expected to lead the combined company created through the strategic combination of Cenovus and Husky announced on October 25, 2020. “We believe it is important to move forward and establish the leadership team for the combined company to ensure we are well-positioned to begin capturing the synergies of this deal [...]

Cenovus Energy Inc. and Husky Energy Inc. announce they have filed a joint management information circular dated November 9, 2020 and related meeting and proxy materials, which will be mailed to Cenovus common shareholders and to Husky common shareholders, preferred shareholders and optionholders in connection with the proposed plan of arrangement to create a resilient integrated energy leader. Cenovus and Husky agreed to [...]

Husky Energy’s Board of Directors has approved a quarterly dividend of $0.0125 per common share for the three-month period ended September 30, 2020. The dividend will be payable on January 4, 2021 to shareholders of record at the close of business on December 1, 2020. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid for the [...]

This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin”, and “net debt to trailing funds from operations”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, Oct. 29, 2020 -- Husky Energy recorded funds from operations of $148 million in the third quarter. Cash flow from operating activities was [...]

Cenovus Energy Inc. and Husky Energy Inc. today announced a transaction to create a new integrated Canadian oil and natural gas company with an advantaged upstream and downstream portfolio that is expected to provide enhanced free funds flow generation and superior return opportunities for investors. The companies have entered into a definitive arrangement agreement under which Cenovus and Husky will combine in an [...]

Husky Energy will release its third quarter 2020 results before markets open on Thursday, October 29, 2020. A conference call will be held the same day beginning at 10 a.m. Mountain Time . CEO Rob Peabody, CFO Jeff Hart and other members of the senior executive team will participate in the call. To listen live: Canada and U.S. Toll Free: 1-800-319-4610 Outside Canada and U.S.: 1-604-638-5340 To listen to a recording [...]

Husky Energy today announced commissioning is complete at the third field at the Liwan Gas Project offshore China. As a result of strong cooperation between Husky and its long-time partner CNOOC, the seven-well Liuhua 29-1 project was completed safely, ahead of schedule and $100 million below budget despite the COVID-19 pandemic and associated global economic volatility. First gas is expected to be delivered to end users [...]