Husky's 1Q Net Rises

Husky Energy Inc.’s first-quarter net income rose 36 percent on higher oil prices and output, Bloomberg reported. Net income rose to $457m from $336m a year earlier. Net sales climbed 48 percent to $2.7b from $1.8b a year earlier. The company's daily oil output increased 16 percent to 239,400 barrels as White Rose came online last November. Gas production rose 1.3 percent to 685.4 million cubic feet a day from a year ago. Husky said its oil sold for $39.47 a barrel in the quarter, up 28 percent from $30.83 a year earlier. (Source: Bloomberg)