Husky Energy Plans $3.4 Billion Capex Program For 2019

Husky Energy plans to spend about $3.4 billion on its capex program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the company’s investor day in May and includes capital spending reductions resulting from Alberta’s mandated oil production cuts.

The company said it intends to retain further flexibility to reduce capital spending depending on market conditions.