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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery lost $1.37 to $61.64 on the New York Merc, while Brent for April lost 85 cents to $65.78 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI ($33.64), unchanged. Natural gas for April lost two cents to $2.67. The TSX energy index lost 6.08 points to 171.02.

Among the upstream energy companies that fell today was Alberta gas producer Peyto Exploration & Development Corp. (PEY), down 98 cents to $10.19 on 4.23 million shares. Another was oil sands producer MEG Energy Corp. (MEG), down 43 cents to $5.04 on 2.27 million shares. After markets closed, BMO Nesbitt Burns crossed 21.78 million shares of MEG at $5. Earlier this month, MEG announced that it is selling its 50-per-cent interest in the Access pipeline and its 100-per-cent interest in the Stonefell terminal, both in the oil sands, for a combined $1.61-billion. Its buyer is Wolf Midstream, the owner of the other half of Access. MEG will use part of the sale proceeds to pay off $1.2-billion worth of debt, leaving it with $3.4-billion.

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