Thursday, July 29, 2010

Husky to grow production in Alberta - MORE JOBS!

More production means more jobs means higher incomes means more spending! In the end it all means rents increase and so do property values. Great if you own rental real estate - so why don't you again? Click here to fix that!

"While we have emerged from the recession in a very strong financial position, we are seeing that impact on the current production levels,"

Husky CEO Asim Ghosh

"Husky said it expects its 2010 production will be between 285,000 and 295,000 barrels of oil equivalent per day. That's a cut from an earlier estimate of 306,000 to 330,000 barrels.

Ghosh said Husky is looking to grow its "bread and butter" operations in Western Canadian heavy oil and is open to strategic acquisitions that would fit well with what it already has.

"You won't see us going off to Afghanistan or offshore India," Read More

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