Husky Energy
As long as the price of energy cooperates, investors loading up on unloved oil stocks like Husky Energy (TSX:HSE) should make a lot of money.
Husky is a major player that doesn’t get the respect it deserves. Assets include oil fields in Alberta — including the oil sands — Saskatchewan, and off shore in the Atlantic and Asia-Pacific region. Production is nearly 300,000 barrels of oil per day. Additionally, the company owns various oil refineries and some 500 gas stations.
The stock is so unloved, it trades at just a fraction of its book value, which is north of $15 per share. Just last year it generated $3.30 per share in funds from operations. Shares trade at $4.95 each as I type this. That’s right; this value stock trades for less than two times last year’s cash flow.
Upside potential here is huge, too. The stock traded as high as $20 per share as recently as 2018.
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