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Asim Ghosh, president and CEO of Husky Energy
Asim Ghosh, president and CEO of Husky Energy
(TODD KOROL/REUTERS)

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Husky Energy bucks the trend on spending

Amid a round of spending cuts across the resource sector, Husky Energy Inc. is pushing on with its budget plans.

“At this point in time we are not changing our capital guidance,” said chief executive officer Asim Ghosh in an interview.

Husky is bucking a trend that has seen some of the industry’s larger players, including Suncor Energy Inc. and Talisman Energy Inc., trim spending plans. Mr. Ghosh credits his decision to bring in $3.7-billion, through equity offerings and dividend reinvestments, a move that raised eyebrows in the markets.