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by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery added 65 cents to $69.65 on the New York Merc, while Brent for May added 77 cents to $73.79 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.00 to WTI, down from a discount of $12.20. Natural gas for April added two cents to $3.86. The TSX energy index added 1.55 points to close at 276.24.

Wolf Regener and David Neuhauser's Oklahoma oil producer, Kolibri Global Energy Inc. (KEI), added 97 cents to $11.21 on 260,600 shares, after releasing its year-end financials. For the stock, the year ended with a bang: After spending most of 2024 treading water, Kolibri was flooded with investor enthusiasm after November's U.S. federal election and the ensuing talk -- and subsequent imposition -- of tariffs on Canadian energy (with Kolibri's U.S. oil being blissfully immune). Around the same time, a drilling experiment started to bear fruit for Kolibri (which last summer changed its technique and began drilling costlier but ultimately better wells). The stock soared from about $4.50 in November to nearly $8 by year-end and went on to touch a high of $13.89 in February.

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