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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery slipped four cents to $66.43 on the New York Merc, while Brent for April clawed its way up 10 cents to $71.76 (all figures in this para U.S.). Despite muted movement today, both benchmarks cruised easily to a weekly gain, snapping a two-week losing streak. Western Canadian Select traded at a discount of $15.30 to WTI, up from a discount of $16.80. Natural gas for March added five cents to $3.04. The TSX energy index lost 4.44 points to close at 365.25.

Darren Gee's Alberta Deep basin gas producer, Peyto Exploration & Development Corp. (PEY), lost 82 cents to $25.95 on 2.29 million shares, after releasing its year-end reserve report. Its 2P (proved and probable) reserves rose to 1.45 billion barrels as of Dec. 31 from 1.36 billion barrels a year earlier, a sturdy 6-per-cent increase (up from 5 per cent last year and 3 per cent the year before that). A comfortably high 28-year RLI (reserve life index) stayed stable relative to last year.

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