Found this stock during a search for Midwest refiners who will benefit from the WTI:Brent spread and the glut of oil that does not have the infrastructure to move South easily.
Interesting chart. Relatively thinly tradedbut right on the cusp of a significant support/resistance line, which closely coincides with a 50% Fib. Stock also just broke through its 200-day SMA. With energy stocks all a twitter just now, this Canadian company could make for an interesting play. As long as no major company buys them. I have no position but may take an exploratory one in the next day or so.
Husky has its own refinery at Lima OH, and a 50% ownership with BP in Toledo OH. They also are using innovative technology in fracking as detailed in this Seeking Alpha article. You might also make a note of the company with the LPG fracking technology. Sounds interesting. (Pls note: A seeking Alpha article, is, well, a Seeking Alpha article. The writer has shilled Husky consistently. But it’s interesting all the same.)
If you want to see the chart I am referring to: http://bit.ly/zjdnWa
is the link to my blog post. I am also interested in a fracking company that Husky does business with Gasfrac Energy Services (GSFVF.PK) if anyone has any input on this company.
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