The Husky gas station on Sumas Way in Abbotsford. (Dustin Godfrey/Abbotsford News)

Husky Energy looks to sell Prince George refinery, 500 retail locations

Husky has more than 500 service stations, travel centres, cardlock operations and more in Canada

Husky Energy Inc. says it is looking at getting out of retailing fuels to consumers after 80 years in the business.

The Calgary-based oilsands producer says it is launching a strategic review that could result in it selling its Canadian retail and commercial fuels business and its small Prince George refinery.

READ MORE: $1.18 to $1.58 a litre: Are you paying the most for gas in B.C.?

It says it prefers to focus on its core upstream assets in northeastern Alberta, Atlantic Canada and the Asia Pacific region, adding the decision is not related to its offer that expires next week to buy oilsands rival MEG Energy Corp.

Husky has more than 500 service stations, travel centres, cardlock operations and bulk distribution facilities from British Columbia to New Brunswick. Its myHusky Rewards loyalty program has about 1.6 million members.

The 12,000-barrel-per-day refinery in Prince George processes light oil into gasoline, diesel and other products for nearby regions of B.C. It owns two refineries and is half-owner of a third in the United States.

Spokesman Mel Duvall says Husky started selling fuel to consumers in 1938 shortly after the original owner built a small refinery in Cody, Wyo. The refinery was moved to Lloydminster on the Alberta-Saskatchewan border in 1946.

CEO Rob Peabody says in a news release the businesses are ”highly marketable” and will attract strong interest and valuations.

TD Securities Inc. is acting as financial adviser, with Torys LLP as legal adviser.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

Chilliwack Chiefs help Team West beat Team East in CJHL Prospects Game

Harrison Blaisdell and Kevin Wall both contributed offensively in a 5-2 triumph.

B.C. dairy farmers say milk cup is half full in new Canada Food Guide

Despite what seems like a demotion, B.C. Dairy Association insists its inclusion is still integral

A history lesson that will leave you howling with laughter in Chilliwack

Comedy duo Hip.Bang! are in Chilliwack to share their knowledge on The History of Romance

Fingerstyle guitarist Shawna Capsi performs at Chilliwack’s Acoustic Emporium

Toronto singer-songwriter Shawna Capsi performs solo, there’s a whole band under her fingertips

Origami-inspired art lights up Chilliwack art gallery

Chilliwack textile sculpture artist Sylvie Roussel-Jannsens presents Whole, a solo exhibition

VIDEO: Here’s what the B.C. legislature officers are accused of buying

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Man pulls over to help injured owl, gets hit by SUV

Chase RCMP say owl flew away while they were on scene

VIDEO: Soon-to-be-extinct caribou moved to B.C. interior

The three caribou are being held in pens north of Revelstoke

B.C. cop who assaulted homeless man may avoid criminal record

Kamloops RCMP Const. Todd Henderson was charged with one count of assault causing bodily harm

Thunderbirds excited to fly over Fraser Valley at Abbotsford airshow

Members of U.S. Air Force aerial performance troupe visited town to scope out the airfield

Four students sent to hospital after school bus crash in Mission

Mission RCMP say hospitalization a precaution, 14 students were on board

5 to start your day

Court hears South Surrey mother ‘never called 911’ after killing daughter, Four students sent to hospital after school bus crash in Mission and more

Most Read