Third quarter earnings plunged by more than two-thirds as Husky Energy Inc.'s upstream operations reported sharply lower prices coupled with a big drop in both oil and natural gas production although downstream operations reversed a loss in the 2008 period.The company reported net income of $338 million (40 cents per diluted share) for the three months ended Sept. 30, 2009 compared to $1.27 billion or $1.50 per share in the same quarter of 2008 (see table). In the first nine months of 2009, net earnings were $1.10 billion ($1.29 per share) compared to $3.52 billion ($4.15 per share) (diluted) in the same period of 2008.
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