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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added 50 cents to $49.16 on the New York Merc, while Brent for November added 82 cents to $54.20 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.15 to WTI ($37.01), unchanged. Natural gas for October added three cents to $3. The TSX energy index added 1.65 points to close at 173.94.

Li Ka-shing's Husky Energy Inc. (HSE) edged up two cents to $14.67 on 1.6 million shares. For the last several weeks, the stock has hovered around the $14.50 mark. Chief financial officer Jon McKenzie tried to stir up some excitement yesterday afternoon at the Barclays CEO Energy-Power Conference in New York. He patted Husky on the back for having "transformed its asset base" over the last seven years. The new base consists of two main businesses: the "integrated corridor," as Husky calls it, meaning its Western Canadian producing assets and its downstream assets in Canada and the United States; and the offshore business, comprising producing assets in the Asia-Pacific region and Atlantic Canada. Mr. McKenzie said all of Husky's assets combined are currently producing about 320,000 barrels of oil equivalent a day. Husky previously announced at an investor day in May that it had a five-year plan to boost production to 400,000 barrels a day in 2021. Mr. McKenzie said yesterday that everything is still on track.

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