Forecast - Production | Capital Markets | Capital Expenditure
Husky Lowers 2016 Budget Again
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Husky Energy is taking additional steps to improve its resilience through the extended low commodity price environment.
Highlights: The capital plan has been revised to a range of $2.1-2.3 billion from a previous range of $2.9-3.1 billion. Production is now expected to be in the range of 315,000-345,000 barrels of oil equivalent per day (boe/day), compared to the previous guidance of 330,000-360,000 boe/day.CEO Asim Ghosh said: "We continue to take decisive action in this period of persistent supply-demand imbalance. These actions are in line with the principles we have established, namely, balancing capital spending with cash flow and maintaining a strong balance sheet. Our fundamental goal remains unchanged - the steps we are taking will see Husky emerge from this cycle as a more…
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