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Husky Energy guides for higher 2018 capex, flat production

Published 12/04/2017, 09:23 AM
© Reuters.  Husky Energy guides for higher 2018 capex, flat production
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  • Husky Energy (OTCPK:HUSKF) forecasts higher spending and flat production for next year, and sees funds from operations exceeding $4B and free cash flow totaling ~$1B at $55/bbl for WTI crude.
  • Husky says it expects to spend C$2.9B-C$3.1B in 2018, compared with its 2017 forecast of C$2.2B-C$2.3B, with production of 320K-335K boe/day, adjusting for asset sales expected to close by year-end 2017.
  • The company also says its operational focus next year is to ramp up the Tucker Thermal Project, phase 1 of the Sunrise Energy Project and the BD Project in Indonesia to full rates.
  • Now read: Husky Energy Inc. 2017 Q3 - Results - Earnings Call Slides


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