- Husky Energy (HUSKF) announced yesterday it shipped Canada's first-ever batch of oil to India as it and other Canadian producers seek to boost crude exports to more markets outside of the U.S.
- Husky says it exported 1M barrels of crude to Indian Oil Corp. from its White Rose offshore oil field in eastern Canada late last year, a move it calls a test run and a precursor to increased exports to refiners in India.
- Separately, Husky reported Q4 net income fell to C$0.18/share, down from C$0.48/share in the year earlier period but better than expected; cash flow declined 19% Y/Y to $1.14B.
Husky Energy is first to ship Canadian oil to India
Feb 13 2014, 11:49 ET