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.

@CanBizJournal

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