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Husky slashes 2016 capital spending and suspends dividend

Husky slashes 2016 capital spending and suspends dividend

The company cut $800 million off its 2016 capital budget and plans to reduce breakeven costs to sub-$40/bbl. Production targets were boosted slightly to 315-345,000 boe/day. Husky is considering partial sale of pipelines, storage facilities, royalty lands and legacy assets in Western Canada.

The planned divestitures do not include heavy oil or oil sands assets.

IEA warns the world might drown in oil this year

IEA warns the world might drown in oil this year

Connacher reduces output again at Great Divide

Connacher reduces output again at Great Divide