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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery added 63 cents to $67.18 on the New York Merc, notching a weekly gain -- and finally snapping a seven-week losing streak -- while Brent for May added 70 cents to $70.58, breaking a three-week losing streak (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.00 to WTI, down from a discount of $11.20. Natural gas for April lost one cent to $4.10. The TSX energy index added 4.18 points to close at 259.27.

Neil Roszell's Alberta Clearwater producer, Headwater Exploration Inc. (HWX), added 28 cents to $6.25 on 2.82 million shares, after releasing its year-end financials. Fourth quarter production averaged 21,600 barrels a day, a tad higher than the 21,500 barrels a day estimated by the company in January. Cash flow of 37 cents a share came in above analysts' predictions of 34 cents a share. Keeping a promise that it made in January, Headwater hiked its quarterly dividend to 11 cents from 10 cents, for a new yield of 7 per cent.

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