Husky reported Tuesday that it had received all necessary regulatory approvals for the takeover of MEG Energy Corp. and is now waiting for shareholders' response to its offer which expires in mid-January.

“The energy sector is not looking for handouts, it’s not looking for support in the form of loans,” Whitecap president and CEO Grant Fagerheim told BNN Bloomberg in an interview.

What people in markets are talking about.

It looks like the coming year will be an even rougher ride.

Asian stocks looked set to open mixed following a volatile U.S. session that saw stocks end the day flat while Treasuries climbed with the yen. Crude oil slumped more than 7 percent.

Jim Rogers, a former chief executive officer of Duke Energy Corp. who ended his deal-making days with a bruising battle over control of his company, died Monday in Louisville, Kentucky. He was 71.

The plunge in U.S. oil prices has wells in some parts of the Permian Basin below break-even levels, threatening to put the brakes on the record flow from the prolific field.

Blue Apron Holdings Inc. has seen 90 percent of its market value disappear since its initial public offering in June 2017.

Oil and gas producer Whitecap Resources Inc. says it will choke back spending in the first half of 2019 in view of recent extreme volatility in world and western Canadian oil prices.

Tesla Inc.’s head of global sales and marketing has left the electric-car maker in the midst of a year-end deliveries push to join home-sharing startup Airbnb Inc.