Husky Energy Posts Loss as Production Falls

Reuters

July 22 (Reuters) – Husky Energy Inc, Canada's No. 3 integrated oil company, reported a second-quarter loss, compared with a year-earlier profit, as production fell due to planned maintenance and the Fort McMurray wildfire in Alberta.

The Calgary-based company reported a loss of C$196 million ($149.4 million), or 20 Canadian cents per share, for the second quarter ended June 30, compared with a profit of C$120 million, or 10 Canadian cents per share, a year earlier.

Total production fell about 6 percent to 316,000 barrels of oil equivalent per day in the quarter. ($1 = 1.31 Canadian dollars)

(Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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