Husky Maintains Budget for 2016

Husky Energy logo

CBJ — Husky Energy of Calgary will keep its 2016 budget nearly unchanged from 2015, joining peers who are reining in spending to cope with a massive fall in oil prices.

The company said it would spend $2.9-billion to $3.1-billion in 2016, compared with an estimated $3-billion this year.

Husky also said it is looking to sell some of its midstream assets in Alberta’s Lloydminster region, to strengthen its balance sheet and meet its debt obligations.


Anglo American logoA Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto