This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery crept up five cents to $66.36 on the New York Merc, while Brent for May added 16 cents to $69.46 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.40 to WTI, down from a discount of $10.40. Natural gas for April lost 15 cents to $4.30. The TSX energy index added 1.35 points to close at 245.62.

The quarterly flood of financials continued, with some of Canada's largest oil and gas producers wading in. Oil sands giant Canadian Natural Resources Ltd. (CNQ) added 54 cents to $39.95 on 50.2 million shares, as it raised its dividend (for the second time in three months) on the back of an "excellent" 2024. The company previously hiked its quarterly dividend to 56.25 cents from 52.5 cents in October. Now the payout is getting another boost to 58.75 cents, for a yield of 5.9 per cent.

Meanwhile, Tourmaline Oil Corp. (TOU) (which despite in its Oil-y name is Canada's largest gas producer) lost $1.93 to $62.87 on 4.91 million shares, after it too released its year-end financials and announced its own dividend hike. Tourmaline will now pay a 50-cent quarterly dividend, up from just 35 cents, for a new yield of 3.2 per cent. It is throwing in a 35-cent special dividend for good measure.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS