May 28, 2019 / 11:20 AM / 6 months ago

Husky Energy cuts five-year budget, raises cash flow target

May 28 (Reuters) - Husky Energy Inc on Tuesday cut its five-year budget and raised its free cash flow target, at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends.

Husky now expects to spend an average of C$3.15 billion ($2.34 billion) annually from 2019 to 2023, compared with its previous 2018 to 2022 average of C$3.5 billion. Total free cash flow before dividends is expected to reach C$8.7 billion at a flat $60 U.S. crude price. ($1 = 1.3472 Canadian dollars) (Reporting by Shanti S Nair in Bengaluru; Editing by Shinjini Ganguli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below