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by Stockwatch Business Reporter

West Texas Intermediate crude for February delivery lost 16 cents to $52.48 on the New York Merc, while Brent for March lost 41 cents to $55.47 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.60 to WTI ($38.88), unchanged. Natural gas for February lost seven cents to $3.41. The TSX energy index added a fraction to close at 212.72.

Clay Riddell's Alberta Montney-focused Paramount Resources Ltd. (POU) added 23 cents to $16.43 on one million shares. It has not released news in about a month, but is making headlines in the wake of an apparent act of vandalism done to a pipeline that it is building in northwest Alberta. The RCMP told the Canadian Press yesterday that the vandal or vandals appear to have used heavy equipment to try to dig up the pipeline, which will now have to be replaced because of the damage sustained. The total damage is estimated at $500,000 to $700,000. The RCMP are investigating this act of so-called "mischief" and declined to speculate on who might have done it or why. They also did not identify the owner of the pipeline. The Alberta Energy Regulator (AER) named the owner as Paramount.

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