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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 61 cents to $45.54 on the New York Merc, while Brent for January added 77 cents to $46.78 (all figures in this para U.S.). Western Canadian Select traded at a discount of $15.40 to WTI ($30.14), down from a discount of $15.35. Natural gas for December added 16 cents to $2.85. The TSX energy index added 2.34 points to close at 210.81.

Saskatchewan oil producer Spartan Energy Corp. (SPE) lost six cents to $3.08 on 20.3 million shares, after agreeing to buy $700-million worth of assets from ARC Resources Ltd. (ARX), which added 14 cents to $23.46 on 1.32 million shares. The assets are producing 7,500 barrels of oil equivalent a day and represent the entirety of ARC's operations in Saskatchewan. They were not a priority for ARC, which gets about four-fifths of its roughly 120,000-barrel-a-day production from the Alberta/B.C. Montney and reportedly put the Saskatchewan assets up for sale months ago. They were expected to fetch $500-million to $750-million, sources told Bloomberg in September. ARC made no comments about a potential sale, and when it set its $665-million budget for 2017 last week, it said the Saskatchewan assets would receive $13-million. Now ARC will have that $13-million back, along with the sale proceeds of $700-million. It plans to update its 2017 budget to reflect the sale in February.

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