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Husky Energy cuts spending, scraps quarterly dividend amid oil rout

2016-01-20 01:13:00| Oil & Gas - Topix.net

Husky Energy is cutting $800 million from its capital spending plans for this year and suspending its dividend as it copes with the deep rout in crude prices. Husky's capital budget for 2016 is now pegged at between $2.1 billion and $2.3 billion, down from a previous range of $2.9 billion to $3.1 billion.

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