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Husky prepared to balance books at $30 oil

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.

Quebec files injunction against Energy East pipeline

Quebec files injunction against Energy East pipeline

Moody's cuts CNRL's credit rating to one notch above junk

Moody's cuts CNRL's credit rating to one notch above junk

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