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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery lost 56 cents to $62.33 on the New York Merc, while Brent for April lost $1.23 to $67.42 (all figures in this para U.S.). Western Canadian Select traded at a discount of $15.30 to WTI, up from a discount of $16.20. Natural gas for March lost 21 cents to $3.03. The TSX energy index lost 2.49 points to close at 353.80.

Grant Fagerheim's Alberta Montney- and Duvernay-focused Whitecap Resources Inc. (WCP) lost five cents to $13.11 on 10 million shares, ceding a slice of last week's rally -- a week in which it topped $13 for the first time in 11 years. It worked hard for the spotlight. A crowd packed the room for a non-fireside "fireside chat" last week between Whitecap's president and chief executive officer, Mr. Fagerheim, and Alberta Premier Danielle Smith for a discussion on Canada's energy future. In syrupy social media posts, Ms. Smith gushed over Whitecap as one of the "industry leaders" that are "at the heart of [Alberta's] success story" of transforming "world-class reserves into jobs, investment and reliable energy." Whitecap's PR crew could hardly have scripted it better.

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