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 July delivery added 90 cents to $49.80 on the New York Merc, while Brent for July added 69 cents to $52.15 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.30 to WTI ($39.50), unchanged. Natural gas for June added six cents to $3.24. The TSX energy index added a fraction to close at 190.33.

Clay Riddell's Alberta-focused Trilogy Energy Corp. (TET) added 36 cents to $5.10 on 556,500 shares, after arranging its second asset sale this month. It plans to sell just under 10 of its roughly 185 net sections in the Kaybob Duvernay, as well as its 11-per-cent interest in a non-operated gas plant in the same area, for $60-million. The sections come with gassy production of about 640 net barrels of oil equivalent a day. This sale comes on the heels of Trilogy's agreement earlier this month to sell a 1,100-barrel-a-day set of assets in the Grande Prairie area for $50-million. Despite these sales, Trilogy is leaving its full-year production guidance intact at 24,000 barrels a day.

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