This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery added $1.70 to $49.21 on the New York Merc, while Brent for May added $1.37 to $56.48 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.30 to WTI ($35.91), down from a discount of $13. Natural gas for April lost 6.3 cents to $2.72. The TSX energy index added 1.45 points to close at 217.70.

Pat Carlson's Seven Generations Energy Ltd. (VII) lost 90 cents to $16.15 on 2.16 million shares, its heaviest volume in over two months. Its CFO since the beginning of 2010, Harry Cupric, is resigning next week. He will be replaced by Chris Law, vice-president of corporate planning, who has managed the company's debt and equity financings since 2011, including its $931.5-million IPO at $18 a share last November. Other management changes include the appointment of Kevin Johnston as vice-president of accounting and Kyle Brunner as corporate counsel. Both those men recently left a competitor to join Seven Generations, says the press release. The competitor was not named, but it turns out to be Athabasca Oil Corp. (ATH), up seven cents to $2.12 on 2.99 million shares.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS