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The Husky Lloydminster Upgrader was highly controversial when it initially went into operation, losing money and causing the federal and Alberta governments to lose most of their investments. But the late 1980s Grant Divine-era megaproject led to billions of dollars invested in northwest Saskatchewan in subsequent years. Now, after 74 years, the Husky name will be gone from Lloydminster. File photo by Brian Zinchuk In perhaps a way perhaps fitting of the 21st century, Husky Energy updated its cover photo for its Facebook page on Jan. 3. The new photo said, “We are Cenovus.” On Jan. 1, Cenovus completed its acquisition of Husky Energy in an all-stock transaction valued at $23.6 billion, inclusive of debt. It marked the end of one of the most significant and prominent players in the Saskatchewan oilpatch for 74 years. It also means a return to Saskatchewan of Cenovus, whose roots go back to the founding of the Canadian Pacific Railway. Husky Husky’s origins in the Lloydminster area go back to 1946, when it relocated the shutdown refinery from Riverton, Wyoming, to the Alberta side of Lloydminster. According to the Heavy Oil Science Centre webpage (lloydminsterheavyoil.com), “Husky’s move into Lloydminster spurred a sudden upsurge […]
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