Photograph by: WDIO-TV via AP , Financial Post
Superior, WI. At least 20 people have been injured in an explosion that rocked Superior, Wisconsin at Husky Oil Refinery.
Smoke was seen billowing from the refinery Thursday morning shortly after 10 a.m. people have reported on Facebook that the explosion shook their homes nearby the refinery.
Multiple crews were called in to assist in the response and local hospitals have prepared to receive the injured.
The mysterious explosion came only hours after Husky Oil reported surging profits, beating analysts’ predictions despite a 10% production cut back.
Andy Clark, Reuters
Husky runs drilling and refining businesses in Canada, the United States and Asia. Husky’s margin rose to $8.51 per barrel from $7.08 per barrel a year ago.
Li Ka-Shing majority share owner in Husky Engery, photo, Telegraph UK
The company’s net earnings also rose from $71 million to $248 million, or 66 cents per share to 89 cents per share from last year.
Shares of the company fell 5% following the explosion and injuries in Superior today demonstrating that the fate of the company, which was booming only a few hours ago, may now hang in the balance.