Good morning, at the end of this week. Today’s roster ranges from the overlooked oil sector, the Husky bail-out, the un-American World Bank, the “everyman” investor, unusual house arrest,. All very interesting reads; please enjoy!
UNHAPPY NEW YEAR
SHORT OF SUPPORT
MEG shares plunged 36% after Husky walked away from its hostile takeover bid. Husky blamed Alberta oil cuts and lack of pipelines, saying “several negative surprises in the business and economic environment” since it launched its bid 105 days ago created an uncertain environment.
Geoffrey Morgan reports that Husky still plans to sell its retail fuel business and a B.C. refinery.
IN THE VANGUARD