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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added two cents to $49.91 on the New York Merc, while Brent for November lost 14 cents to $55.48 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.65 to WTI ($37.26), down from a discount of $12.15. Natural gas for October shot up 13 cents to $3.15. The TSX energy index added 1.64 points to close at 181.26.

Clay Riddell's Paramount Resources Ltd. (POU) added 76 cents to $24, its first time at the $24 mark since July, 2015, on 861,400 shares. The company is working to digest its acquisition of Trilogy Energy Corp., which closed last week. That was just a few weeks after Paramount closed its separate acquisition of Apache Canada Ltd. With both deals closed, Paramount is starting to attract the expected attention from boosterish analysts. This morning, Raymond James analyst Kurt Molnar -- whose employer was involved in the above negotiations as financial adviser to Trilogy -- marvelled over the "great future operational synergies" provided by the acquisitions. The deals expanded Paramount's acreage in the Alberta Montney, particularly in the Karr and Wapiti areas, and added land in the Alberta Duvernay. All told, Paramount's production is now expected to exceed 90,000 barrels of oil equivalent a day in the fourth quarter, up from around 18,400 barrels a day in the second quarter. Roughly one-third of that production is liquids. Mr. Molnar expects this percentage to "grow aggressively going forward" as Paramount carries out its drill program. Meanwhile, drilling done by neighbours will offer a "derivative source of value-add for the Paramount shareholder," added Mr. Molnar. He raised his price target on Paramount to $31 from $26 and added the stock to the "RJL [Raymond James Ltd.] analyst current favourites list."

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