(1888PressRelease)
April 02, 2009 - SADIF Investment Analytics SA, today announced the release of a new equity research report covering Husky Energy Inc (HSE). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Husky Energy Inc investor.
Report Summary: Shares in Canadian integrated energy company, Husky Energy, have declined in-line with the market over the past year, dropping 33.5% since April 2008. The company has been hit by dropping oil prices narrowing margins. In Husky's fourth quarter 2008 results, released February 4th, the company stated that it has reduced its 2009 capital budget by CAD 1B. The most notable reduction in investment is in the company's oil-sands fields in Canada. The extraction of oil from oil-sands is a more expensive process than simple drilling and is unlikely to be profitable with low oil prices. Husky Energy's profits declined 13.4% during the fourth quarter of 2008 after adjusting for unusual items compared to the year-earlier period.
While Husky's downstream operations reduce the effect of movements in crude prices relative to some of the company's peers, Husky's earnings remain highly sensitive to energy prices. During the second half of 2008, Husky started to see significant decrease in demand for oil and gas as companies reined in spending. Nevertheless, when assessing Husky as a long-term investment, we should focus primarily on the company's long-term underlying fundamentals. We can assess Husky's fundamentals through the use of the StockMarks framework. Husky currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 67, rating above the Canadian market average. This rating places Husky first when compared to eight of the company's closes peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Husky Energy Inc for long-term investors.
A summary of the StockMarks™ ratings for Husky Energy Inc is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=HSE&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
###
