June 1 (Reuters) - Husky Energy, Canada's No. 3 integrated oil company, said it expected to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks.
The company said it could generate about C$800 million ($611.48 million) in free cash flow if oil rises to $50 from $40 on an annualized basis.
Husky said it was on track to complete eight projects by the end of this year, contributing nearly 90,000 barrels per day of new production once fully ramped up.
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Anil D'Silva)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you