13:55:21 EST Mon 11 Dec 2017
Enter Symbol
or Name
USA
CA



Oil Summary
Symbol C : *MKTOIL
Recent Sedar Documents

Energy Summary for Oct. 11, 2017

2017-10-11 20:35 ET - Market Summary

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 November delivery added 38 cents to $51.30 on the New York Merc, while Brent for December added 33 cents to $56.94 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.15 to WTI ($40.15), unchanged. Natural gas for November was unchanged at $2.89. The TSX energy index lost a fraction to close at 185.95.

Li Ka-shing's Husky Energy Inc. (HSE) lost 14 cents to $15.74 on 1.5 million shares. The company got a less than enthusiastic mention this morning from Desjardins Securities analyst Justin Bouchard. Although Mr. Bouchard likes Husky's "elevated FCF [free cash flow] yield," he is put off by the company's "considerable disadvantages." These include, in his view, assets that show a "lack of depth in growth" and do not compare favourably with competitors' assets. Husky would presumably disagree with him. At its investor day on May 30, it made a big to-do about its plan to increase production over the next five years to as much as 400,000 barrels of oil equivalent a day, up from around 320,000 barrels a day now. It also talked up its assets' ability to cope with low oil prices, declaring that within five years, its break-even point (based on WTI oil prices) would be in the mid-$30 (U.S.) range, compared with the mid-$40 (U.S.) range currently.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2017 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.