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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Husky Energy Inc.    HSE   CA4480551031

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Husky Energy : completes purchase of Superior oil refinery

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11/11/2017 | 12:01am CET

Nov. 10--Husky Energy has closed on its $492 million acquisition of the Superior oil refinery, the company announced this week.

Husky, based in Calgary, Alberta, announced in August it was buying the refinery from Calumet and said there were no changes planned for the facility, which was reaffirmed in a news release Wednesday: "Husky is retaining the existing workforce at the refinery."

About 180 people are employed at Wisconsin's sole refinery, which provides the Northland with gasoline, asphalt and other specialty petroleum products. About 50,000 barrels of oil per day can be processed at the refinery, located at 2407 Stinson Ave.

Along with the refinery, Husky will take control of two asphalt terminals and two product terminals, a marine terminal, 3.6 million barrels of storage and a marketing business.

The closing price included the previously announced $435 million plus an additional payment.

The Superior refinery was built in 1950, acquired by Murphy Oil in 1958 and sold to Indianapolis-based Calumet for $475 million in 2011.

___

(c)2017 the Duluth News Tribune (Duluth, Minn.)

Visit the Duluth News Tribune (Duluth, Minn.) at www.duluthnewstribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( CAD)
Sales 2017 18 449 M
EBIT 2017 379 M
Net income 2017 231 M
Debt 2017 3 818 M
Yield 2017 0,05%
P/E ratio 2017 75,87
P/E ratio 2018 55,17
EV / Sales 2017 1,07x
EV / Sales 2018 1,00x
Capitalization 15 861 M
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Husky Energy Inc. Technical Analysis Chart | HSE | CA4480551031 | 4-Traders
Technical analysis trends HUSKY ENERGY INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 17,1  CAD
Spread / Average Target 8,2%
EPS Revisions
Managers
NameTitle
Robert J. Peabody President, Chief Executive Officer & Director
Tzar Kuoi Li Co-Chairman
Kin Ning Fok Co-Chairman
Robert W. Symonds Chief Operating Officer
Jonathan McKenzie Chief Financial Officer
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