The Ubika Energy 20 (UE20) index eased 7.3% over the past month, coming off a 19.9% gain the month before. This decline is reflected in the TSX Capped Energy Index benchmark and the price of crude oil, falling 5.0% and 0.8%, respectively. BlackPearl Resources Inc. (TSX: PXX) was the top-performing component company, rising 9%. The heavy oil producer announced recently that it has begun steam injection at its 6,000 barrel per day thermal EOR project at Onion Lake in Saskatchewan.
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