Canada-based Husky Energy is planning a dual Hong Kong and Toronto listing in 2010, the South China Morning Post reported recently.
While Husky has considered the possibility of listing for several years now, it was only the company's recent discoveries in the Liwan site in the South China Sea that have provided renewed impetus to hold meetings with investment banks such as Merrill Lynch, JP Morgan, Goldman Sachs and Morgan Stanley.
Market sources said that the listing could raise up to US$1 billion.
Husky posted a profit figure of US$3.45 billion in 2008 but this figure is expected to fall this year due to the economic slowdown and lower oil price.
