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by Stockwatch Business Reporter

West Texas Intermediate crude for February delivery lost two cents to $63.95 on the New York Merc, while Brent for March lost seven cents to $69.31 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.75 to WTI ($39.20), unchanged. Natural gas for February lost four cents to $3.19. The TSX energy index closed down 2.76 points to 195.86.

Many energy stocks closed down today. Texas and Alberta oil and gas producer Baytex Energy Corp. (BTE) lost seven cents to $4.09 on 6.05 million shares. In the Alberta Montney, Advantage Oil & Gas Ltd. (AAV) lost 18 cents to $4.31 on 6.19 million shares, while Birchcliff Energy Ltd. (BIR) lost 15 cents to $3.25 on 6.41 million shares.

Hong Kong billionaire Li Ka-shing's Husky Energy Inc. (HSE) fell $1.29 to $17.77 on 5.43 million shares, after announcing that the C-NLOPB (Canada-Newfoundland and Labrador Offshore Petroleum Board) has ordered it to suspend operations on its SeaRose FPSO (floating production, storage and off-loading) vessel offshore Newfoundland. The suspension follows an investigation by the C-NLOPB into a March 29, 2017, incident in which SeaRose and an iceberg came within less than 0.25 nautical mile of each other. Within this distance, the SeaRose FPSO vessel should have disconnected from Husky's White Rose offshore oil field operations and floated away from the iceberg, but instead the iceberg came close enough that SeaRose warned its 84 crew on board to brace for impact. Husky produces 27,000 barrels of oil a day (net) on SeaRose. For context, it expects to produce 320,000 to 335,000 barrels of oil equivalent a day from all of its operations this year.

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