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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery added $8.48 to $95.73 on the New York Merc, while Brent for May added $8.48 to $100.46 -- its first time settling in the triple digits since 2022 -- as the U.S.-Israel-Iran showed no signs of abating and Iran's new supreme leader vowed to continue blocking the Strait of Hormuz (all figures in this para U.S.). Western Canadian Select traded at a discount of $23.70 to WTI, down from a discount of $18.90. Natural gas for April added two cents to $3.23. The TSX energy index added 8.13 points to close at 394.88.

In a sea of green, one of today's few losers in the energy sector -- with an emphasis on "today" -- was Tony Marino's Tenaz Energy Corp. (TNZ), down 81 cents to $55.77 on 745,300 shares. Investors treated its newly released year-end financials as a profit-taking opportunity (one that sent the stock as low as $49.50 in intraday trading). The stock had added about $10 since the start of the month and has doubled since the start of the year, soaring with European gas prices. The largest gas producer in the Dutch North Sea, Tenaz is enjoying benchmark TFF gas prices that are now around 50 to 55 euros (up from 27 euros in January), which is about five times more than the comparable U.S. benchmark (widening from a roughly 40-per-cent European premium in January).

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