Husky Energy Sells Southwest Saskatchewan Assets for $595 Million

Husky Energy (TSX: HSE) has reached an agreement for the sale of select assets in southwest Saskatchewan for $595 million to Whitecap Resources.
“Today’s announcement is another step in the transition of our Western Canada portfolio into a more focused and efficient business,” said CEO Asim Ghosh. “Over the past two months we have made significant progress on three major divestiture initiatives that will materially strengthen our balance sheet and further our transition into a low sustaining capital business.”
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Source: Husky Energy
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