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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery lost 21 cents to $71.28 on the New York Merc, while Brent for July lost 79 cents to $78.51 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.65 to WTI ($52.63), unchanged. Natural gas for June lost one cent to $2.85. The TSX energy index lost a fraction to 210.38.

Hunter Oil Corp. (HOC) gained 15 cents to 95 cents on 7,900 shares after releasing its first quarter financials. Its president and chief executive officer, Andrew Hromyk, talked up the narrowing of the company's loss to $719,000 (U.S.) in the first quarter of 2018 from $945,000 (U.S.) in the first quarter of 2017. The company managed this despite a decrease in its production to 93 barrels of oil equivalent a day from 110 barrels a day. Hunter owns the past-producing Chaveroo and Milnesand oil fields, which cover a combined 23,000 acres in the Permian basin in eastern New Mexico. It is seeking financing for an infill drilling program. It ended the first quarter with $498,000 (U.S.) cash and no debt.

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