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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery lost $1.49 to $73.17 on the New York Merc, while Brent for March lost $1.42 to $77.08 (all figures in this para U.S.). Prices had a rocky day as traders tracked the Trump administration's rapid trade decisions over the weekend, such as threats of U.S. tariffs against Colombia -- and vice versa -- that were walked back following a deal on migrant repatriation. Western Canadian Select traded at a discount of $10.90, up from a discount of $12.40. Natural gas for February lost 33 cents to $3.69. The TSX energy index lost 3.30 points to close at 272.37.

Charle Gamba's Colombia-focused Canacol Energy Ltd. (CNE), up 29 cents to $3.77 on 173,500 shares, adopted a nothing-to-see-here approach to the weekend's tariff threats, releasing an operational update that did not mention tariffs whatsoever. Instead the company patted itself on the back for ending 2024 with "another strong quarter." A sprinkling of drill results and an update on a long-delayed entry into a new country, Bolivia, rounded things out. For the fourth quarter, Canacol's gas-weighted production averaged 163 million cubic feet a day (the equivalent of 28,600 barrels a day), taking its full-year average of 165 million cubic feet a day, which was within its 2024 guidance.

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