Husky Energy Inc. · Calgary, AB Canada ·(Toronto: HSE)
Company Description
Phone: +1-403-298-6111
Fax: +1-403-298-7464
Rankings
- #272 in FT Global 500
- TSX 60
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This link will open in a new window This husky has a voracious appetite for oil. Husky Energy has emerged as one of Canada's largest oil and gas enterprises. The company's main energy assets are in Alberta and Saskatchewan, although it has oil and gas operations worldwide (including in China, Greenland, and Libya). It has net proved reserves of 470 million barrels of oil and bitumen, and 1.9 trillion cu. ft. of natural gas. The firm has more than 490 gas stations in Canada, as well as heavy oil upgrade Lloydminster. Hong Kong billionaire Li Ka-shing and his flagship company, Hutchison Whampoa , control 36% and 35% , respectively, of Husky Energy. Li's son Victor is a co-chairman of Husky Energy. To read the full description, subscribe now.
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Key Husky Energy Inc. Financials
| Company Type | Public - Toronto: HSE Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $20,200.5 |
| 2008 Employees | 4,592 |
Husky Energy Inc. Executives
24 executives listed for Husky Energy Inc.'s Calgary, AB location.
| Title | Name & Bio | Contact |
| Co-Chairman | Canning Fok | Network |
| Co-Chairman | Victor Li | Network |
| Deputy Chairman | William Shurniak | Network |
Competition
Competitive Landscape for Husky Energy Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Husky Energy Inc. Competitors
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