HUSKY ENERGY (HSE) Stocks
ABOUT HUSKY ENERGY
Husky Energy Inc. is a Canadian-based integrated energy company with headquarters in Calgary, Alberta.
The company operates in Western and Atlantic Canada, the United States and the Asia Pacific region, with upstream and downstream business segments.
Its production includes projects in the Lloydminster area of Saskatchewan and Alberta, along with the Tucker Thermal Project near Cold Lake, Alberta and the Sunrise Energy Project northeast of Fort McMurray, Alberta.
The company was founded in 1938 in Cody, Wyoming (USA) as the Husky Refining Company, but relocated to Canada in 1946.
OVERVIEW OF HUSKY ENERGY
Husky Energy Inc. does offshore business in the Asia Pacific and Atlantic regions. In Asia Pacific, its Liwan Gas Project in the South China Sea started production in 2014.
The liquids-rich BD field offshore of Indonesia came in production in 2017, and the company is advancing additional shallow water fields. It also has a portfolio of oil sands leases, covering some 2 500 square kilometres in the Fort McMurray region of northern Alberta. Its Sunrise Energy Project started production in early 2015.
In the Atlantic region, off Canada’s East Coast, the company is involved with 20 exploration licenses and producing properties at Terra Nova and White Rose.
In the United States, the company owns a refinery in Lima, Ohio, one in Superior, Wisconsin and holds a 50 percent ownership interest with BP in the BP-Husky Toledo Refinery in Oregon in Ohio.
The company employs approximately 5 100 people.
VISION AND VALUES OF HUSKY ENERGY
- Husky Energy Inc. is committed to safe operations, protecting the public, its workers and the environment, and engaging the communities where it operates. It continuously improves in environmental performance by reducing the impact to land and habitat, air and water.
- The company promotes education, supports community wellness initiatives and fosters economic development in indigenous communities.
- It believes in effective consultation with communities and adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.
MARKET PERFORMANCE OF HUSKY ENERGY
Husky Energy Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol HSE listed in the Energy, Oil and Gas Producing sector.
Highlights of the company’s performance in 2019 include third quarter funds from operations of US Dollar 1 billion, compared to US Dollar 1.3 billion a year ago, cash flow from operating activities of US Dollar 800 million, compared to US Dollar 1.3 billion in the third quarter of 2018 and net earnings of US Dollar 273 million, compared to net earnings of US Dollar 545 million in Q3 2018.
Free cash flow, before dividends, was US Dollar 153 million. Due to Husky Energy Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.
Buy HUSKY ENERGY stocks / shares – A Step by Step Guide how to Buy / Purchase HUSKY ENERGY Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy HUSKY ENERGY Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN HUSKY ENERGY STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE HUSKY ENERGY STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of HUSKY ENERGY stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy HUSKY ENERGY stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?