Husky reported another quarter that exhibited the resilience of its business while projects continue to progress more or less as planned. Management estimates the Company’s full cycle sustaining capital is ~$3.0 billion/year. Our 2015e cash flow estimate of $3.8 billion almost
covers sustaining capital and the $1.2 billion dividend, which we believe is very safe for now.
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Husky Posts Another Decent Quarter
- Published:
30 Jul 2015 -
Author:
Michael P. Dunn -
Pages:
8
Husky reported another quarter that exhibited the resilience of its business while projects continue to progress more or less as planned. Management estimates the Company’s full cycle sustaining capital is ~$3.0 billion/year. Our 2015e cash flow estimate of $3.8 billion almost
covers sustaining capital and the $1.2 billion dividend, which we believe is very safe for now.