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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 25 cents to $54.15 on the New York Merc, while Brent for December added 46 cents to $60.90 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.90 to WTI ($41.25), down from a discount of $12.25. Natural gas for December added one cent to $2.97. The TSX energy index added 3.25 points to close at 190.97.

Cenovus Energy Inc. (CVE) rose to $12.54, fell to $12.26 and then ended the day down one cent to $12.38 on nine million shares, after appointing its new president and chief executive officer: Alex Pourbaix, who previously spent 27 years with TransCanada Corp. (TRP: $61.09). As reflected in Cenovus's trading today, investors seemed unsure of what to make of the appointment. RBC Capital Markets analyst Greg Pardy noted that Mr. Pourbaix has no "direct upstream oil and gas (or in situ oil sands) experience." Meanwhile, it is enough for Canoe Financial portfolio manager Rafi Tahmazian that Mr. Pourbaix has "big-company experience" in the sector.

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