Husky Energy Inc. (HUSKF) News
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Latest HUSKF News From Around the Web
Below are the latest news stories about Husky Energy Inc that investors may wish to consider to help them evaluate HUSKF as an investment opportunity.
Cenovus (CVE) Closes All-Stock Merger Deal With Husky EnergyCenovus (CVE) expects the combined entity to have a production capacity of 750,000 Boe/d. |
Cenovus, Husky get key approvals for near C$6 bln proposed mergerCenovus Energy Inc and Husky Energy Inc have received all key regulatory approvals required for their proposed merger to create Canada's No. 3 oil and gas producer, the companies said on Monday. A recent recovery in oil prices has helped energy shares, boosting the value of the all-stock transaction by about 60% from its initial C$3.8 billion valuation in October, when the deal was first announced. The deal, expected to close on Jan 1, comes amid a pandemic-driven demand collapse and weak oil prices which has forced the industry to consolidate. |
Strategic combination plan receives all key regulatory approvalsTransaction scheduled to close January 1CALGARY, Alberta, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce they have obtained all of the key regulatory approvals required in connection with the previously announced combination of Cenovus and Husky pursuant to a plan of arrangement under the Business Corporations Act (Alberta). Subject to the satisfaction of customary closing conditions, the transaction is anticipated to formally close on January 1, 2021. Upon completion of the transaction, the combined company will continue to operate as Cenovus Energy Inc. and remain headquartered in Calgary, Alberta.Advisory This news release contains certain forward-looking statements and forward-looking informatio... |
Cenovus and Husky shareholders approve proposed business combinationCALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce that securityholders from both companies have voted to support the proposed transaction, announced October 25, 2020, to combine the two companies into a resilient integrated energy leader. On December 15, 2020, Cenovus and Husky held separate special shareholder meetings via live webcast. Each company’s securityholders, respectively, voted on resolutions in connection with the proposed business combination as described in the Joint Management Information Circular dated November 9, 2020. * At the Cenovus special meeting, the resolution authorizing the issuance of Cenovus common shares and warrants to Husky common shareholders under the ... |
IDC Signs Strategic Alliance with ALPLAIDC signs Strategic Alliance with Alpla |
Cenovus and Husky announce leadership team for combined companyCALGARY, Alberta, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce the executive leadership team that is expected to lead the combined company created through the strategic combination of Cenovus and Husky announced on October 25, 2020. “We believe it is important to move forward and establish the leadership team for the combined company to ensure we are well-positioned to begin capturing the synergies of this deal immediately after closing,” said Alex Pourbaix, Cenovus President and Chief Executive Officer. “Having a strong and experienced leadership team in place on day one is critical as we work to build a more integrated and resilient company that is well-positioned to succeed as a Canadian energy ... |
Exclusive: Cenovus to cut up to 25% of combined workforce with Husky Energy after deal - companiesCenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc , the companies told Reuters on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in four years. The job losses could total about 2,150 positions, based on the size of their workforces, including contractors, with the majority to take place in Calgary, Alberta, Husky said in a statement. Cenovus shares rose 6.7%, while Husky gained 6.5%, extending their gains after Reuters first reported the cuts. |
Cenovus Energy to cut up to 25% of combined workforce with Husky after deal: companiesCenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc, the companies said on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in nearly four years. Most will be in Calgary, Alberta, Husky said in a statement. Cenovus and Husky shares extended their gains after the Reuters report, rising as much as 8.5% and 7.9% respectively. |
Cenovus (CVE) & Husky Deal to Create C$1.2B Annual SynergiesCenovus Energy (CVE) is the third-largest hydrocarbon producer in Canada and its deal with Husky Energy is likely to enable it to decrease its output difference with the top two producers. |
Cenovus and Husky in $24B CombinationCenovus Energy (TSX: CVE, NYSE: CVE) and Husky Energy (TSX: HSE) have entered into a deal to combine in an all-stock transaction valued at $23.6 billion, inclusive of debt. |