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by Stockwatch Business Reporter

West Texas Intermediate crude for September delivery added 31 cents to $97.65 on the New York Merc, while Brent for September lost 42 cents to $105.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.90 to WTI ($78.75), up from a discount of $19.45. Natural gas for September added 8.6 cents to $3.96. The TSX energy index added 5.36 points to close at 313.49

Gran Tierra Energy Inc. (GTE) added two cents to $7.02 on 4.68 million shares, after losing 20 cents yesterday following the release of its second quarter financials. Management held a conference call yesterday after the close. Net income fell to $9.1-million (U.S.) in the quarter from $45.1-million (U.S.) in the same period last year, mainly because of a loss from discontinued operations. This included a loss associated with the sale of its Argentine business unit to Madalena Energy Inc. (MVN: $0.40) in late June. Production came to 20,121 barrels of oil equivalent a day NAR (net after royalty) including the Argentine operations, or 19,857 barrels a day NAR without them. Either way, this was below analysts' predictions of 22,960 NAR, in part because of pipeline disruptions in Colombia.

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