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by Stockwatch Business Reporter

West Texas Intermediate crude for January delivery lost 68 cents to $58.64 on the New York Merc, while Brent for February lost 72 cents to $62.45 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.40 to WTI, up from a discount of $13.50. Natural gas for January lost eight cents to $4.84. The TSX energy index lost 4.95 points to close at 306.16.

Energy infrastructure firm Gibson Energy Inc. (GEI) added 61 cents to $26.09 on 3.71 million shares, as it spread some early holiday cheer for the oil patch, decking the halls with promises of multimillion-dollar "producer partnerships." At a wide-ranging investor day this morning, one of many topics of discussion was a just-finished buildout of Alberta Duvernay infrastructure with Baytex Energy Corp. (BTE: $4.44), the first producer with which Gibson has struck this kind of arrangement. Gibson put up the money -- $40-million -- and Baytex handled construction and made a 10-year commitment to send barrels to Gibson's core Edmonton storage terminal. Although the infrastructure was only just brought into service in November, it is already a "great success," and Gibson is on the lookout for more.

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