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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.

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

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