Husky Energy cuts 370 jobs, reduces spending by $500 million
It seems Alberta is in for more cuts.
According to the CBC, Huskey Energy CEO Rob Peabody revealed on a conference call Monday that his firm will be cutting 370 jobs this year as it looks to reduce spending.
“What we’re seeing is that (the reductions) will generate forward savings of about $70 million … per year,” said Peabody, adding the company will take a charge against earnings of $70 million in the fourth quarter to account for the cuts.
“We’re going to continue those efforts to capitalize on the fact we’ve created a more focused and a simpler company.”
While these cuts will provide roughly $70 million in savings, overall spending for 2020 and 2021 will be cut $500 million due to worsening market conditions.
The split will be heavier in 2021, with over $400 million coming in cuts.
Huskey stock has fallen by over 40% in the last year.
A female conservative journalist has been assaulted in Calgary by a left-wing protestor outside the United Conservative Party’s Annual General Meeting in Calgary.
According to a post made by the company’s main Twitter profile, Sheila Gunn Reid was assaulted while attempting to cover the protestors outside the event.
The event involved speeches by the NDP and included members from the Federation of Labour.
In response to the attack, Rebel Media has put out a $1,000 reward for anyone who can identify the assailant.
This is not the first time a journalist in Canada has been assaulted for their work. In 2018, a Toronto Sun photographer was assaulted by antifa members for doing his job. In 2017, Gunn Reid herself was assaulted, leading to a conviction and civil suit.
The Post Millennial reached out to Gunn Read, who said, “No one attempted to help me, in fact, the protesters continued to chant at us that we were Nazis after we were assaulted. CTV had a news truck sitting on the street running right beside where it all happened. It is evident in our footage from the incident.
This is the second time that this sort of thing has happened to me in an NDP protest and no NDP politician has ever renounced the violence against me. The NDP needs to dial down their rhetoric before somebody is seriously hurt.”
Bill Peters has resigned as the head coach of the NHL’s Calgary Flames after former player, Akim Aliu, accused him on racism on social media, according to Sportsnet.
The Calgary Flames’s general manager, Brad Treliving, made these comments during a press conference. During this, he also stated that Geoff Ward would take over as the interim coach.
Aliu accused Peters on Twitter of directing a racial slur towards the player “several times” when they were both in the AHL. Peters was Aliu’s coach during his time at the Rockford IceHogs.
After Aliu’s tweets, Peter’s released an apology, although he did not direct it specifically to Aliu.
Get ready Southern Alberta, winter is here.
Areas in Southern Alberta won’t just be the coldest places on earth this weekend, they’ll also be one of the snowiest in Canada.
Environment Canada has issued snowfall warnings for a large chunk of Southern Alberta including Calgary.
Residents can expect anywhere from 10 to 25 cm of snow, while temperatures will include a high of -12 C and a low of -15 C.
Snowfall Warning List
Environment Canada has advised Albertans to be prepared to adjust to changing driving conditions as the snow starts to fall.
It may be early November but for parts of Canada, it already feels like winter.
For those in the west, its about to get much colder.
According to the Weather Network, Alberta will be one of the coldest places on earth this coming weekend, reaching -30 C with the wind chill. This will make Alberta colder than the North Pole.
“Arctic air is forecast to barrel down from the North Pole and will settle east of the Rocky Mountains,” reports The Weather Network. On Saturday evening, temperatures will begin to plummet and by Monday morning, they are expected to hit -30 C.
With the cold, come snow, 20 to 40 centimetres of it to be precise will fall on northwest Alberta Friday and early Saturday.
As a result of the oncoming cold, Environment Canada issued winter storm and snowfall warnings multiple parts of the province.