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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery lost 31 cents to $64.98 on the New York Merc, while Brent for August lost 17 cents to $66.87 (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.20 to WTI, unchanged. Natural gas for July lost 10 cents to $3.53. The TSX energy index added 3.30 points to close at 266.29.

Proponents of the B.C. LNG (liquefied natural gas) were all smiles as the $40-billion Shell-backed LNG Canada terminal in Kitimat, which will be Canada's first major LNG export facility, crept closer to its first shipment. The facility has pegged late June or early July as its target to start loading and shipping cargoes. Marine traffic monitoring websites are now showing that an LNG carrier called the Puteri Sejinjang (owned by Petronas, another backer of the terminal) is signalling a course for Canada, with a planned arrival in Kitimat on June 29.

Over in Alberta and Saskatchewan, Scott Ratushny's Cardinal Energy Ltd. (CJ) stayed unchanged at $6.49 on 1.11 million shares, as it doled out its monthly dose of reassurance to dividend investors. It has declared its regular monthly dividend of six cents. The dividend is payable on July 15 to shareholders of record on June 30.

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