Husky prepared to balance books at $30 oil
Husky Energy reported a relatively decent $69 million loss in the fourth quarter of last year. The company has already cut capital expenditures 40% to $3 billion this year.
Production at the Sunrise Energy Project has reached peak volumes of 25,000 bbl/day and should reach ITS nameplate capacity of 60,000 bbl/day by the end of 2016. Part of the SAGD facility is expected to undergo a maintenance turnaround in the first half of this year.
CEO Asim Ghosh noted the company is prepared to balance the books at $30 oil.