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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (78426)	3/2/2020 8:22:37 AM
From: Goose94	Read Replies (2) of 202924

Husky Energy (HSE-T) Raymond James analyst Chris Cox says HSE's quarterly results were disappointing. Mr. Cox is holding firm with his "underperform" rating. Accordingly, Mr. Cox trimmed his share target by $2 to $9. Analysts on average target the shares at $10.60. Mr. Cox says in a note: "While 4Q19 results were widely anticipated to be bad, the magnitude of the miss was still noteworthy. The good news is that most of the factors that drove the disappointing print are one-time in nature; furthermore, recent concerns of lower gas demand in China impacting Liwan appear to be temporary, with the project back to full rates after a brief dip earlier in the year. The bad news -- the strategic review of the Canadian retail business remains ongoing (now at 13 months), although apparently in the later stages. The ugly news? Even if Husky reduces capex over the near-term, our outlook still suggests the company will be free cash flow negative for the next two years, and potentially significantly so, especially when we take into account capitalized interest and the portion of the Superior rebuild not covered by insurance."

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