Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (59089)	1/18/2005 12:18:56 AM
From: RealMuLan	Read Replies (1) of 74559

Husky Energy says profits dip on hedging and currency losses Last Updated Mon, 17 Jan 2005 20:07:16 EST CBC News CALGARY - Husky Energy has reported a $1-billion profit for 2004 – down 25 per cent from 2003 – as it paid a price for its now-abandoned hedging program during a time of record high crude oil prices. Husky also said its bottom line was hurt by the high Canadian dollar. The Calgary-based oil and gas giant said without its hedging program in 2004, it would have made $376 million more. cbc.ca

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