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


February 16, 2011 - SUGAR LAND, TX

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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=173645, or browse other breaking industrial news stories at www.industrialinfo.com.

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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