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by Stockwatch Business Reporter

West Texas Intermediate crude for August delivery lost 57 cents to $82.81 on the New York Merc, while Brent for September lost 36 cents to $86.24 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.00 to WTI, up from a discount of $13.60. Natural gas for August lost four cents to $2.44. The TSX energy index added 4.21 points to close at 287.69.

Grant Fagerheim's Whitecap Resources Inc. (WCP) edged up 17 cents to $10.18 on 5.74 million shares, as it kicked off the shortened trading week with a new "strategic partnership" and $520-million of partial asset sales in the Alberta Montney and Duvernay. The sales consisted of 50-per-cent interests in the Musreau facility and the Kaybob complex, sold for $100-million to Topaz Energy and $420-million to Pembina Gas Infrastructure (PGI), respectively. PGI and Whitecap have also entered a "strategic" joint venture at the Lator facility, including a financing commitment that has pushed the facility over the threshold to a final investment decision (FID).

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