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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery closed unchanged at $71.49 on the New York Merc, while Brent for July gained two cents to $79.30 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.65 to WTI ($52.84), widening from a discount of $15.45. Canada's Minister of Finance, Bill Morneau, said yesterday that the federal government is willing to compensate Kinder Morgan for the cost of delays to its Trans Mountain pipeline expansion project. (Mr. Morneau did not specify a compensation amount.) In response, B.C. Premier John Horgan continued to insist that the project is not in the best interest of either B.C. residents or Canadian taxpayers. Meanwhile, natural gas for June gained four cents to $2.86. The TSX energy index gained 4.38 points to 210.73.

Despite the continuing uncertainty about Western Canada's oil and gas egress problems, many energy producers had a good trading day. Vermilion Energy Inc. (VET) gained $2.64 to $46.34, Seven Generations Energy Ltd. (VII) gained 97 cents to $18.24, Spartan Energy Corp. (SPE) gained 42 cents to $6.82 and Athabasca Oil Corp. (ATH) gained 10 cents to $1.95.

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