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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery lost 31 cents to $68.62 on the New York Merc, while Brent for April lost 49 cents to $72.53 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.00 to WTI, down from a discount of $10.60. Natural gas for March lost 27 cents to $3.90. The TSX energy index lost 1.24 points to close at 262.18.

International oil and gas producer Vermilion Energy Inc. (VET) lost 15 cents to $12.10 on 1.26 million shares. It has closed its takeover of Ken McCagherty's Westbrick Energy, a private 50,000-barrel-a-day gas producer in Alberta's Deep basin. The $1.07-billion price tag is payable mostly in cash (rustled up by securing a $450-million term loan and tapping a credit facility for the rest), but included an option for Westbrick shareholders to receive partial payment in shares, up to a maximum of $25-million. Vermilion disclosed today that the share component ended up at $14.2-million, or 1.1 million shares.

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