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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery was unchanged at $49.89 on the New York Merc, while Brent for November added 15 cents to $55.62 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.15 to WTI ($37.74), unchanged. Natural gas for October lost five cents to $3.02. The TSX energy index lost a fraction to close at 179.62.

Alberta Montney producer Seven Generations Energy Ltd. (VII) reached an intraday low of $18.04 before settling at $18.35, down 35 cents, on 11.2 million shares. Much of the volume came from TD Securities, which crossed one block of 6.39 million shares at $18.21 this morning. RBC Capital Markets later crossed another block of 906,000 shares at $18.35. Both of those prices are nearly $1 lower than the price at which Seven Generations began September. It has had a rocky time lately, following its Aug. 3 announcement that it would be lowering its 2017 production guidance amid worse-than-planned facility outages and higher-than-planned operating costs. Investors immediately sent the stock down to just $16.35 on Aug. 4 from $20.51 on Aug. 2. Over the following weeks, the stock rallied to as much as $19.62 on Sept. 5, but now it is back flirting with the $18 mark.

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