Under the influences of various economic and environmental issues such as the airstream of Hurricane Katrina and trade dispute with the US, crude crude oil price brocaded to a record-high. Fluctuations of crude oil price and high uncertainties of the commerce environment have been a big concern for investors put in energy companies.
Husky Energy (HE), an Alberta based integrated oil and gas company, is one of the top ten leaders in the industry among Canadian companies. At $57 per share as of October 17, 2005, HEs share price still has electromotive force to increase although it had tripled all over the last two years. With ongoing productions in Canada and East Asia, modernistic projects in White Rose and Terra Nova, and future projects in Tucker, Sunrise, and to the south China Sea, the potential product of HE can be foresee. Thus, investors should take the opportunity to purchase shares of this growing and profiting energy company.
The results of involution have shown in the 2005 second quarter intern report. bandage oil production decreased to 314,200 barrels from 325,400 barrels in the first six months of 2005, HEs net earning continued to increase to $778 million, a $294 million increase compare to the resembling period in 2004. Also, its earning per share is at $1.84; a $0.60 increase comparing to the same period in 2004.
Although HE had an increase in its yearn term debts of $337 million from $1439 to $1,776 million and a current proportionality drop from 0.59 to 0.49, HE equipped itself with a high potential growth in the near future.
Within the last 52 weeks span, the growth of HE contain price at TSX exceeds other resembling size competitors such as Suncor Energy and Talisman Energy. Huskys stock price ranged from $30.05 to $69.95, whereas $38.20 to $73.25 and $30.25 to...
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