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CS - Husky's income reaches $328MM in Q1, up 32% YOY - May 2019
Husky Energy reported its Q1 upstream margins, cash flow and earnings were up, as stronger heavy oil prices offset a decline in production from a year ago. The company’s net income was $328 million, up 32% YOY. Husky’s cash from operating activities rose to $545 million in Q1 compared with $529 million a year ago. Total production fell to 285,000 boe/d (70% oil and NGLs), down 5% from 300,000 boe/d a year ago. The decline in production was largely caused by......
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