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