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by Stockwatch Business Reporter
West Texas Intermediate crude for May delivery gained 17 cents to $63.54 on the New York Merc, while Brent for June gained 31 cents to $68.33 (all figures in this para U.S.). Western Canadian Select last traded at a discount of $23.40 to WTI; there are currently no open contracts to settle. Natural gas for May lost four cents to $2.68. The TSX energy index gained 7.53 points to 185.10.
Most oil and gas producers had a pleasant day, rising with the rest of the market. Tourmaline Oil Corp. (TOU) gained $1.43 to $23.19, Husky Energy Inc. (HSE) gained 57 cents to $18.47 and Cenovus Energy Inc. (CVE) gained 48 cents to $12.11. Husky's chief financial officer, Jon McKenzie, is moving on to become the CFO of Cenovus. He resigned from Husky effective immediately and does not yet have a replacement. At Cenovus, he will be replacing Ivor Ruste, who previously disclosed his intention to retire by April 30. Mr. Ruste has been with Cenovus (and its predecessor) since 2006. As for Mr. McKenzie, he previously worked for 10 years at Suncor Energy Inc. (SU: $46.14) in positions including controller.
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