01:28:49 EDT Wed 19 Jun 2019
Enter Symbol
or Name

Login ID:
Oil Summary
Symbol C : *MKTOIL
Recent Sedar Documents

Energy Summary for April 11, 2019

2019-04-11 20:24 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery lost $1.03 to $63.58 on the New York Merc, while Brent for June lost 90 cents to $70.83 (all figures in this para U.S.). Western Canadian Select traded at a discount of $8.41 to WTI, down from a discount of $8.22. Natural gas for May lost four cents to $2.66. The TSX energy index lost a fraction to close at 162.40.

South American oil producer Frontera Energy Corp. (FEC) lost one cent to $11.53 on 245,600 shares, after providing an operational update for the first quarter. Production for the quarter averaged just under 68,000 barrels of oil equivalent a day. This was slightly better than analysts had expected, thanks to rising output in Colombia, where Frontera enjoyed its most productive quarter since late 2017. Over 65,500 barrels a day of the first quarter production came from Colombia. This helped offset a poor showing in Peru, where Frontera produced under 2,400 barrels a day in the first quarter, down from 9,000 in the fourth quarter of 2018. The drop reflected a pipeline shutdown in December caused by local vandals. The line was repaired in March, and Frontera says it has since boosted its Peruvian output past 10,000 barrels a day. President and chief executive officer Richard Herbert patted Frontera on the back for getting 2019 "off to a strong start."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.