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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Husky Energy Inc.    HSE   CA4480551031

HUSKY ENERGY INC. (HSE)
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Husky Energy : Closes Acquisition of Superior Refinery

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11/10/2017 | 03:03pm CEST

CALGARY - Husky Energy (TSX:HSE) has closed its acquisition of the Superior Refinery, a 50,000 barrel per day refinery located in Superior, Wisconsin.

The Superior Refinery increases Husky's downstream crude processing capacity, in line with the Company's growing production. With the addition of the Superior Refinery, Husky's total downstream capacity will increase to approximately 395,000 barrels per day.

Husky is retaining the existing workforce at the refinery.

The Superior Refinery produces a slate of products that includes asphalt, gasoline, diesel and heavy fuel oils. The transaction includes the acquisition of the refinery's associated assets and logistics, including two asphalt terminals, two product terminals, a marine terminal, 3.6 million barrels of crude and product storage and a fuels and asphalt marketing business.

Contact:

Tel: 587-747-2116

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials (CAD)
Sales 2018 22 955 M
EBIT 2018 1 871 M
Net income 2018 1 539 M
Debt 2018 2 723 M
Yield 2018 1,87%
P/E ratio 2018 13,62
P/E ratio 2019 10,33
EV / Sales 2018 1,00x
EV / Sales 2019 0,91x
Capitalization 20 305 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 23,7  CAD
Spread / Average Target 19%
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NameTitle
Robert J. Peabody President, Chief Executive Officer & Director
Tzar Kuoi Li Co-Chairman
Kin Ning Fok Co-Chairman
Robert W. Symonds Chief Operating Officer
Jeff Hart Chief Financial Officer & Controller
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