For some time now Canada's sixth largest energy company by market cap Husky Energy (OTCPK:HUSKF), has over-promised and under-delivered for investors. This along with softening crude prices and a less than optimistic outlook for crude at the start of 2013 has placed considerable downward pressure on Husky's share price.
But with Husky reporting better than expected results for the second quarter 2013 - in what was a difficult operating environment for energy companies - all that is about to change. These results along with some impressive emerging catalysts indicate that Husky is under-valued and it is offering investors potential upside of almost 40%.
The investment case for Husky Energy
Husky is currently in the process of implementing
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