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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 : completes purchase of Superior oil refinery

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11/11/2017 | 12:01am CEST

Nov. 10--Husky Energy has closed on its $492 million acquisition of the Superior oil refinery, the company announced this week.

Husky, based in Calgary, Alberta, announced in August it was buying the refinery from Calumet and said there were no changes planned for the facility, which was reaffirmed in a news release Wednesday: "Husky is retaining the existing workforce at the refinery."

About 180 people are employed at Wisconsin's sole refinery, which provides the Northland with gasoline, asphalt and other specialty petroleum products. About 50,000 barrels of oil per day can be processed at the refinery, located at 2407 Stinson Ave.

Along with the refinery, Husky will take control of two asphalt terminals and two product terminals, a marine terminal, 3.6 million barrels of storage and a marketing business.

The closing price included the previously announced $435 million plus an additional payment.

The Superior refinery was built in 1950, acquired by Murphy Oil in 1958 and sold to Indianapolis-based Calumet for $475 million in 2011.

___

(c)2017 the Duluth News Tribune (Duluth, Minn.)

Visit the Duluth News Tribune (Duluth, Minn.) at www.duluthnewstribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials (CAD)
Sales 2018 22 438 M
EBIT 2018 1 892 M
Net income 2018 1 521 M
Debt 2018 2 739 M
Yield 2018 1,60%
P/E ratio 2018 15,15
P/E ratio 2019 13,28
EV / Sales 2018 1,11x
EV / Sales 2019 1,06x
Capitalization 22 113 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 22,9  CAD
Spread / Average Target 4,2%
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Managers
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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