This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery lost 18 cents to $59.91 on the New York Merc, while Brent for January lost 19 cents to $64.20 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.50 to WTI, up from a discount of $13.20. Natural gas for December lost 20 cents to $4.36. The TSX energy index lost 1.18 points to close at 304.64.

Cenovus Energy Inc. (CVE) lost 20 cents to $25.20 on 20.6 million shares, as it digested an oil sands takeover north of the border and squired analysts around its refining operations south of the border. Last Thursday, it closed its drama-laden takeover of the 110,000-barrel-a-day MEG Energy. The deal expanded its "top-tier oil sands portfolio," and now the spotlight is turning toward the "multitude of initiatives in a multipronged approach" to improving its U.S. refining division, according to RBC analyst Greg Pardy. He recently visited Cenovus's Toledo refinery in Ohio and has now published an obligingly upbeat research note, including hiking his price target on the stock to $32 from $30.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS