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Management buying, Li stake put Husky in oil patch sweet spot

Jeff McIntosh/THE CANADIAN PRESS

Shares of Husky Energy Inc. have lagged the S&P/TSX composite over the past 5 years. However, times may be changing. The stock has out-paced the index over the past year by about 10 per cent. Importantly, during the past 12 months, senior managers have spent $900,000 buying stock in the market. In addition, Husky's biggest shareholder is Hong Kong billionaire Li Ka-shing. In terms of oil sands development, Mr. Li's stake is probably just the type of foreign private sector involvement that Ottawa prefers over state owned enterprises.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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