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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 83 cents to $60.74 on the New York Merc, while Brent for January added 69 cents to $64.89 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.40 to WTI, down from a discount of $11.50. Natural gas for December added one cent to $4.37. The TSX energy index added 5.71 points to close at 310.35.

Grant Fagerheim's Alberta and Saskatchewan light oil producer, Whitecap Resources Inc. (WCP), added 49 cents to $11.61 on 19.8 million shares, setting a new two-year high on heavy volume. It had no news to explain the excitement, but one likely source is the so-called BNN bump, courtesy of Ninepoint Partners portfolio manager Eric Nuttall. During a BNN interview yesterday afternoon, Mr. Nuttall singled out Whitecap as one of his three top picks.

"We like this one a lot," said Mr. Nuttall of Whitecap. He showered praise on its "really, really high-quality inventory," its "strong balance sheet" and its "very shareholder-friendly management team." A 6.08-cent monthly dividend (for a yield of 6.3 per cent) adds to Whitecap's appeal. In Mr. Nuttall's opinion, Whitecap is undervalued and should already be trading at $16. Should oil prices rise to $70 (U.S.), he sees Whitecap as a $19 stock, and if they continue to rise to $80 (U.S.) -- which he sees happening "in the not too distant future" -- the stock should rise to $23, at least according to Mr. Nuttall.

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