Company report
| |
22 Pages

Husky Energy corporate report


Husky Energy corporate report

Report summary

Husky has successfully adjusted to the oil price outlook and is in a position of financial strength. However, this has come at the expense of the near-term growth outlook. Husky plans to address this by retrenching back to its core, heavy oil business. The company also recently sanctioned the West White Rose project in Atlantic Canada. We expect the company will be typically cautious before making any opportunistic acquisitions, or reinstating the dividend. But Husky is now well positioned to ride out a period of continuing low prices, and can accelerate development if prices rise.

What's included?

This report includes 2 file(s)

  • Husky Energy corporate report PDF - 1.35 MB 22 Pages, 7 Tables, 22 Figures
  • Husky Energy Corporate Report.xls XLS - 3.16 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Strategy since oil prices collapsed
    • Current strategic positioning
    • Strategic success factors
      • Portfolio realignment to maximise growth
    • Increasing shareholder returns
    • Risks to our outlook
  • Valuation
  • Financial health
    • Overview
    • Cash flow breakeven outlook
    • Net debt and gearing outlook
    • Liquidity outlook
  • Refining and oil products
    • Downstream overview
  • Resources, reserves and production
    • Production overview
    • Resources and reserves overview
  • Portfolio summary
    • Canada
      • Western Canada
      • Oil Sands
      • East Coast
      • Asia
  • Economic assumptions
    • Economic assumptions

In this report there are 29 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Strategy
    • Production in Canada and Asia
    • Upstream cash flow in Canada and Asia
    • Benchmarking: share price performance
    • Share repurchase programme
    • Dividend reintroduction
    • Dividend effect on Husky's cash flow breakeven
  • Valuation
    • WM NPV10 price sensitivity vs Husky Upstream EV
    • Benchmark: enterprise value vs WM NPV10
  • Financial health
    • Company cash flow breakeven 2017 to 2020
    • Benchmark: upstream cash flow breakevens
    • Net debt outlook
    • Benchmark: net debt and gearing
  • Refining and oil products
  • Resources, reserves and production
    • Reported historic and Wood Mackenzie forecast total production
    • Husky's production by region
    • Benchmark: 5-year and 3-year production CAGR
    • Benchmark: reserves and resources detail
    • Benchmark: WoodMac reserve replacement rate (2011-2016)
  • Portfolio summary
    • Husky upstream portfolio: key facts
    • Strategic fit of upstream regions
    • Top upstream assets by value
    • Top assets by value
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...