Try It Now Streetwise


Husky Energy’s $1.7-billion sale of interests in its pipes, vessels, nuts and bolts is a hefty deal for a market that’s been creaking under heavy pressure for a year and a half.

Anyone looking for clues into whether it will spur a free-for-all on oil and gas assets could be disappointed, though. The deal is unique in more than a few ways, not least because it’s all being done within the empire of one guy – Hong Kong tycoon Li Ka-shing.

Courtesy: The Globe And Mail

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