BUZZ-Husky Energy Inc: Shares fall on China payment dispute

Tue Apr 26, 2016 3:04pm EDT
 
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** Canadian integrated oil company's shares down 9 pct at C$15.96

** Stock falls as much as 10 pct, its biggest intraday percentage loss in over 3 months

** Company says it is in talks with China's CNOOC Ltd to resolve dispute over gas delivery payments from South China Sea

** Dispute related to sale of gas from Liwan Gas Project, in which Husky holds 49 pct interest and CNOOC holds the rest

** Husky says it is confident dispute will be resolved, but warns it will take legal action against CNOOC if necessary

** Up to Monday's close, stock had lost more than a third of its value in past 12 months