Husky Energy

12:26 PM EST - Husky Energy : Recorded funds from operations of $25 million in the first quarter, with cash flow from operating activities, including changes in working capital, of $355 million. Funds from operations were impacted by a first-in, first-out (FIFO) loss of $397 million (after tax) in the quarter. Net loss was $1.7 billion; including impairments of $1.1 billion (after tax) primarily related to lower crude oil price assumptions, as well as an inventory realizable value write-down of $274 million (after tax) primarily in the U.S. Refining, Lloydminster Heavy Oil Value Chain, Oil Sands and Atlantic segments. Husky Energy shares T.HSE are trading up $0.34 at $4.00.