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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery added 26 cents to $63.55 on the New York Merc, while Brent for April added 50 cents to $68.05 (all figures in this para U.S.). Despite today's gain, oil prices notched a weekly loss, snapping a six-week winning streak. Western Canadian Select traded at a discount of $15.60 to WTI, down from a discount of $13.80. Natural gas for March lost eight cents to $3.42. The TSX energy index added 6.50 points to close at 344.36.

Terry Anderson's Montney-focused ARC Resources Ltd. (ARX) lost $2.57 to $22.83 on 41.4 million shares, dismaying investors with year-end financials that included a coat of tarnish on a crown jewel project. Not even better-than-forecast fourth quarter production and cash flow could boost their mood. At 408,400 barrels a day and $1.52 a share, production and cash flow were both well ahead of analysts' predictions of 391,000 barrels a day and $1.36 a share. Yet "variable and below-expectations" results at the much-hyped Attachie project -- severe enough to prompt ARC to withdraw its Attachie-related guidance -- cast a dark cloud.

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