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

Police request public’s help after cat shot in North Shuswap

Chase RCMP seeking information, small calibre bullets lodged in shoulder of pet

Hornets take home gold at Interior Spring League Playoffs tournament

The tournament consisted of seven teams from Kamloops to West Kelowna

Letter: Residents urged to vote for kitchen for Outdoor School

Voting goes until June 23 to receive $100,000 for South Canoe

Okanagan-Shuswap weather: mainly sunny

Environment Canada is calling for a chance of showers tomorrow across the Okanagan

Woman brings mortar round to Shuswap RCMP detachment

Chase officers contact the Canadian Forces to dispose of the suspected explosive device

VIDEO: Sexting teens at risk of depression and substance abuse, Canadian study says

Use of alcohol, cigarettes and marijuana were also found to be associated with sexting

Arrested suspect connected to string of Okanagan robberies

Man arrested after failed robbery at Enderby store may be involved in four other such crimes

VIDEO: Toronto Raptors announcer credited with calming crowds after shooting

Matt Devlin, the Raptors’ play-by-play announcer since 2008, was praised for preventing panic from spreading

UPDATE: Grass fire sparks in West Kelowna

The blaze is just off Lower Glenrosa Road

Mini-horse visits residents at Lower Mainland care home

Gunner turned a visit with grandpa into a major event for everyone at the residence

Women sue former Vancouver cop over alleged sexual abuse during pimp case

Two women claim James Fisher caused psychological trauma during the Reza Moazami investigation

First ever Indigenous person to join the RCMP to be honoured in B.C.

Hawk Kelly said becoming a Mountie was his dream job as a kid

Survive an Apocalypse in Kelowna with this virtual game

Apocolypse Made Easy is an interactive online survival game

Deadline for cabinet to decide future of Trans Mountain expansion is today

International Trade Minister Jim Carr described the decision as ‘very significant’

Most Read