June 1 (Reuters) - Husky Energy HSE.TO , Canada's No. 3
integrated oil company, said it expected to generate free cash
flow and may reinstate a cash dividend as crude oil prices have
rallied in recent weeks.
The company said it could generate about C$800 million
($611.48 million) in free cash flow if oil rises to $50 from $40
on an annualized basis.
Husky said it was on track to complete eight projects by the
end of this year, contributing nearly 90,000 barrels per day of
new production once fully ramped up.
($1 = 1.3083 Canadian dollars)