Husky Energy is first to ship Canadian oil to India

|About: Husky Energy Inc. (HUSKF)|By:, SA News Editor

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.