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by Stockwatch Business Reporter
West Texas Intermediate crude for March delivery added 56 cents to $53.69 on the New York Merc, while Brent for March added 55 cents to $61.64 (all figures in this para U.S.). Western Canadian Select traded at a discount of $9.35 to WTI, up from a discount of $10. Natural gas for February added eight cents to $3.18. The TSX energy index added a fraction to close at 148.53.
Enerplus Corp. (ERF) lost seven cents to $11.49 on 3.29 million shares, after releasing an operational update. It also finally released its 2019 guidance, which investors have been expecting for about a month, given that president and chief executive officer Ian Dundas previously told them to expect it "likely around the end of the year ." The company patted itself on the back for achieving the high end of its fourth quarter and full-year 2018 production guidance. In fact, full-year 2018 production was slightly above guidance, averaging 93,200 barrels of oil equivalent a day, compared with the targeted range of 92,500 to 93,000. Fourth quarter production reached 97,800 barrels a day. Notably, liquids production in the fourth quarter averaged 54,400 barrels a day, easily within the targeted range of 53,500 to 54,500 barrels a day.
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