SOURCE: Industrial Info Resources

Industrial Info Resources

February 16, 2011 06:50 ET

Lower Production Leads to Lower Earnings for Husky Energy, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 16, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Oil and gas company Husky Energy Incorporated (PINKSHEETS:HUSKF) (Calgary, Alberta) yesterday reported earnings for the fourth quarter and full year of the company's 2010 fiscal year. Quarterly net earnings were CAD$305 million, compared to CAD$320 million in the fourth quarter of 2009. Husky's capital expenditure in 2011 will be about CAD$4 billion. Industrial Info is tracking more than US$8.3 billion in Husky projects, including the company's grassroot Sunrise steam-assisted gravity drainage (SACD) oil sands production and processing plant in Alberta.

Details of the Sunrise projects and other Husky Energy projects are available in Industrial Info's North American Industrial Database.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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