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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost 16 cents to $50.42 on the New York Merc, while Brent for December lost 12 cents to $56 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.30 to WTI ($39.12), unchanged. Natural gas for November lost two cents to $2.90. The TSX energy index added a fraction to close at 189.54.

Alberta Montney producer Seven Generations Energy Ltd. (VII) added seven cents to $20.07 on 2.13 million shares. Yesterday, it closed a $700-million (U.S.) offering of notes due in 2025, with the aim of using the proceeds to redeem $700-million (U.S.) worth of higher-interest notes due in 2020. This bit of balance sheet reshuffling went over well with Moody's Investor Service. Paresh Chari, assistant vice-president of Moody's, praised Seven Generations for decreasing its interest burden and postponing its nearest bond maturity by five years. He also lauded the company's "very good liquidity" and said he expects the company to "continue to successfully execute its development program."

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