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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery added 74 cents to $51.47 on the New York Merc, while Brent for July added 28 cents to $54.15 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.30 to WTI ($41.17), up from a discount of $10.40. Natural gas for June lost 11 cents to $3.22. The TSX energy index lost 1.56 points to close at 196.29.

Gary Guidry's Colombia-focused Gran Tierra Energy Inc. (GTE) lost three cents to $3.43 on 1.45 million shares, giving back some of the 12 cents it added on Friday. It did not put out any press releases on Friday, but it did have a couple of interesting EDGAR filings. One arrived on Friday and showed that Gran Tierra has increased its credit facility to $300-million (U.S.) from $250-million (U.S.). This is a nice nod of confidence from the company's bankers. Yet by far the more interesting filing was the one that arrived on Thursday. This one came from a new shareholder, Luminus Management, a New York-based hedge fund that focuses on power, utilities and related subsectors. Luminus said it owns 22.7 million of Gran Tierra's 390 million shares.

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