UPDATE 1-Husky bars most reporters from annual meeting

* Company says event not newsworthy

* Later says some media were invited to AGM

* Some stock analysts allowed in
(Recasts to show some media invited)

By Jeffrey Jones

CALGARY, Alberta, April 20 (BestGrowthStock) – Husky Energy Inc
(HSE.TO: ), Canada’s No. 3 oil explorer and refiner, took the
unusual step on Tuesday of barring some — but not all —
reporters from its annual meeting, saying the event would not
be newsworthy.

Husky, which plans to spin off its Asian operations into a
separate company and is preparing to build the first C$2.5
billion ($2.5 billion) phase of its Sunrise oil sands project
in northern Alberta with BP Plc (BP.L: ), also let some stock
analysts into the meeting as “guests” of retiring Chief
Executive John Lau. No replacement for Lau has yet been named.

A spokesman for the company, which is controlled by Hong
Kong billionaire Li Ka-shing, said at the start of the event
that media representatives who showed up were not being allowed
in.

Instead, the company planned to make presentation materials
from the meeting available following the proceedings.

“The material will be available — it will be posted on our
website. We have nothing significant to announce or to release
at this event,” Husky spokesman Graham White explained to
Reuters at the meeting hall. “Our Q1 is next week and that is
what we are trying to preserve our focus for.”

However, following the meeting, White said reporters from
two news outlets, the Calgary Herald newspaper and Daily Oil
Bulletin trade publication, were indeed in attendance.

“We did have some invited guests. There were media,” he
said.

He said the selection was based on “a strategy that we
decided on this year in terms of having a couple of invited
guests as either local or trade media representatives, because
we weren’t having a news conference and didn’t have anything of
significance to announce.”

Publicly traded companies routinely allow reporters and
other guests to attend their annual meetings, events where
senior executives brief shareholders on plans and strategy.

The Canadian energy industry gets wide coverage from the
national and international media, which are interested in the
country’s growing importance as a global oil and gas supplier.

Husky is due to release first-quarter results on April 27.

Husky shares rose 65 Canadian cents, or 2 percent, to
C$29.72 on the Toronto Stock Exchange on Tuesday. The stock has
fallen about 3 percent over the past 12 months, lagging the 20
percent gain in the exchange’s main energy index over the same
period.

Stock Investing

($1=$1 Canadian)
(Additional reporting by Scott Haggett; editing by Peter
Galloway)

UPDATE 1-Husky bars most reporters from annual meeting