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by Stockwatch Business Reporter

West Texas Intermediate crude for February delivery lost 58 cents to $63.37 on the New York Merc, while Brent for March lost 70 cents to $68.61 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.75 to WTI ($38.62), unchanged. Natural gas for February lost a fraction of a cent to $3.19. The TSX energy index closed down a fraction of a point to 195.17.

Oil and gas producers had a mixed day. Cenovus Energy Inc. (CVE) fell 25 cents to $12.79 on 9.36 million shares. EnCana Corp. (ECA) rose 26 cents to $16.89 on 6.01 million shares. Crescent Point Energy Corp. (CPG) fell 20 cents to $10.59 on 7.51 million shares.

Serafino Iacono and Frank Giustra's South American junior, Pentanova Energy Corp. (PNO), gained 1.5 cents to 39 cents on 557,800 shares, after announcing that it will soon spud its first well on the Maria Conchita gas field in Colombia. More specifically, Pentanova is mobilizing a drilling rig. Once the rig is on the field, it will take 30 days to drill and test the first well.

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