This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery added 98 cents to $50.33 on the New York Merc, topping $50 for the first time since April 20 amid optimism about next Thursday's OPEC meeting (all figures in this para U.S.). Reuters cited OPEC sources as saying that Saudi Arabia and non-OPEC member Russia have agreed on the need to prolong the current production cuts until March, 2018, and may also deepen the cuts. Brent for July added $1.10 to $53.61. Western Canadian Select traded at a discount of $10.40 to WTI ($38.95), unchanged. Natural gas for June added eight cents to $3.26. The TSX energy index added 4.87 points to close at 197.85.

Saskatchewan-focused heavy oil producer Northern Blizzard Resources Inc. (NBZ) added 14 cents to $3.55 on 190,800 shares. The stock got a lovely mention this morning from Scotia Capital analyst Patrick Bryden, who has high hopes for the company's new majority shareholder, Adam Waterous's Waterous Energy Fund. Mr. Waterous took control of about two-thirds of Northern Blizzard's 101 million shares last week, acquiring them from the company's former long-time backers, two private equity firms called Natural Gas Partners and Riverstone Holdings. The shares cost Mr. Waterous $3.60 each, or about one-fifth of the mid-2014 initial public offering price of $19.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS