12:27:05 EDT Tue 16 Jul 2019
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Energy Summary for Jan. 8, 2019

2019-01-08 20:34 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for February delivery added $1.26 to $49.78 on the New York Merc, while Brent for March added $1.39 to $58.72 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.53 to WTI, up from a discount of $12.33. Natural gas for February added two cents to $2.97. The TSX energy index added a fraction to close at 144.72.

Enerplus Corp. (ERF) edged up three cents to $11.55 on 2.17 million shares. One new director is joining its board, while another is retiring. The newcomer is Karen Clarke-Whistler, a former environmental consultant who until two months ago was the chief environment officer at TD Bank. The role of chief environment officer does not appear to exist at any other major Canadian bank and certainly did not exist before she joined TD in that newly created position in 2008. That was the year that TD announced its goal of becoming carbon neutral in its Canadian operations, a goal that was later expanded to the U.S. and international operations as well. In February, 2018, TD proudly declared that its entire footprint now leaves not a trace of carbon. Ms. Clarke-Whistler was featured in that press release, of course, cheering the "significant milestone," before adding, "but we know there is still a lot to do." (There is always still a lot to do.)

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