Husky: flat production, cuts spending by $300 million
Several North American oil and gas companies announced 2019 guidance today, continuing the trends seen in releases earlier in the week from Diamondback and Parsley.

Husky Energy (stock ticker: HSE) announced it will spend $3.4 billion in 2019, split between upstream and downstream investments. This sum is $300 million below the company’s previous estimates, as declining oil prices and Alberta’s mandated production cuts force the company to slow operations.

Husky’s 2019 CapEx does still represent growth, however, as the company is on track to spend $3.23 billion in 2018. Husky plans to produce about 300 MBOEPD in 2019, flat with its 2018 upstream output.

While many Canadian comp...

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