As many energy companies continue to struggle with the drop in crude oil prices, Husky Energy’s strategic planning is paying off, reports Seeking Alpha.
One of the top three integrated Canadian energy companies, Husky Energy has managed to show considerable resilience to the drop in prices, primarily due to its unusual degree of diversification. Husky produces in both eastern and western Canada, as well as in Asia, with exploration and development reaching to Indonesia, Greenland, China, and Taiwan. Furthermore, Husky’s level of fiscal discipline has proven to be particularly advantageous, as the company has not changed production, and its dividend remains higher than other Canadian majors.
Both factors have contributed to Husky’s image as well as its long-term potential amid the low-price environment.