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by Stockwatch Business Reporter
West Texas Intermediate crude for February delivery lost 10 cents to $57.32 on the New York Merc, while Brent for February lost 10 cents to $60.75 (all figures in this para U.S.). Despite today's stumble, both benchmarks notched their second consecutive weekly gain. Western Canadian Select traded at a discount of $13.50 to WTI, down from a discount of $13.30. Natural gas for February lost 26 cents to $3.61. The TSX energy index added 5.50 points to close at 305.92.
The oil patch eased into 2026 with a handful of housekeeping items, from the dividend declarations of Paramount Resources Ltd. (POU: $24.10) and InPlay Oil Corp. (IPO: $12.67) to a completed subsidiary consolidation at Saturn Oil & Gas Inc. (SOIL: $2.64) (which bought the private Clearview Resources in October and has now merged Clearview and a different subsidiary into the parent company). Today was also the expiry date of a batch of warrants of Cenovus Energy Inc. (CVE: $24.05) with a strike price of just $6.54 a share -- well in the money and, one hopes, exercised by their remaining holders before the 4:30 p.m. (Calgary time) deadline.
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