Company report
| |
24 Pages

Husky Energy corporate report


Husky Energy corporate report

Report summary

Husky has showcased its appetite for action in 2016. The commodity price collapse and surging debt levels prompted the company to slash capital spending 27% year-on-year and axe its dividend. The company is now among the best positioned in our coverage to weather the current price environment, with sufficient liquidity to fund its commitments, even under our low-price scenario.

What's included?

This report includes 2 file(s)

  • Husky Energy corporate report PDF - 1.34 MB 24 Pages, 7 Tables, 29 Figures
  • Husky Energy Corporate Report.xls XLS - 3.14 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
    • Investment reflects bearish price outlook
    • Current strategic positioning
    • Strategic priorities
      • 1. Capital discipline
      • 2. Asset sales
      • 3. M&A
  • Financial health
    • Financial health overview
    • Cash flow breakeven outlook
    • Net debt and gearing outlook
    • Liquidity outlook
  • Refining and oil products
    • Downstream overview
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Key success factors
    • Top assets by value
  • Economic assumptions
    • Economic assumptions

In this report there are 36 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Strategy
    • Relative share price performance
    • Wood Mackenzie market premium/discount
    • Strategic fit of upstream regions
    • Benchmark: NPV, 10 by resource theme
    • CAGR by resource theme (2015-2020)
    • Benchmark: reported 2016 upstream cost cuts
    • Benchmark: capital investment (2016 to 2020)
    • Benchmark: WM production outlook
    • Benchmark: 5-yr % change in upstream NPV
    • Benchmark: Gearing vs. WM cash flow breakeven Brent (2016-2018)
    • Benchmark: WM cash flow per boe (2016-2020)
    • Upstream development cash flow by region
    • Development cash flow by resource theme
  • Financial health
    • Upstream cash flow breakeven (avg. 2016-2018)
    • Benchmark: upstream cash flow breakevens
    • Net debt outlook
    • Benchmark: net debt and gearing
    • Benchmark: WM low case cash burn analysis
    • Benchmark: credit facility utilisation
  • Refining and oil products
    • Profitability of Husky's downstream business
    • Benchmark: Size and quality of Husky's refineries
  • Resources, reserves and production
    • Reserves and resource detail
    • Benchmark: WoodMac reserve replacement rate (2010-2015)
    • Benchmark: reserves and resource life
    • Reported historic and Wood Mackenzie forecast total production
    • Husky's production by resource theme
    • Benchmark: 5-year and 3-year production CAGR
  • Key success factors
    • Key success factors: Table 1
  • 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?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.