Husky Energy Off Day's Low; Investigation Continues into Collision at White Rose Oilfield

Husky Energy Inc (HSE.TO) shares are off their lows of the day, climbing back within 16 cents of even today at $23.00 a share with the oil and gas producer reporting that a Transocean rig working for the company in the White Rose oilfield off Newfoundland collided with a supply ship, damaging both vessels.

The company said the ships were damaged above the water-line but said there were no serious injuries or environmental damage as a result of the mishap. A company spokeswoman told Reuters she did not know if the incident will delay Husky's expansion plans at White Rose.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.