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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery added 52 cents to $62.79 on the New York Merc, while Brent for June added 43 cents to $66.55 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.90 to WTI, down from a discount of $11.00. Natural gas for May lost nine cents to $2.93. The TSX energy index added 2.41 points to close at 245.77.

Grant Fagerheim's Alberta- and Saskatchewan-focused Whitecap Resources Inc. (WCP) added 17 cents to $8.19 on 14.2 million shares, after releasing its first quarter financials. These double as its last batch of financials prior to its planned $15-billion merger with Veren Inc. (VRN: $8.48). The final stand-alone quarter was a better-than-expected one: Production for the quarter averaged 179,100 barrels of oil equivalent a day, exceeding analysts' predictions of 174,600 barrels a day, as improved drilling techniques more than offset weather-related delays. Cash flow of 75 cents a share came in ahead of analysts' predictions of 73 cents a share.

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