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Energy Summary for Oct. 15, 2021

2021-10-15 19:54 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 97 cents to $82.28 on the New York Merc, its ninth consecutive week of gains, while Brent for December added 86 cents to $84.86 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.20 to WTI, unchanged. Natural gas for November lost 28 cents to $5.41. The TSX energy index added a fraction to close at 158.10.

It was a quiet end to a shortened post-Thanksgiving work week in the oil patch. One of the day's biggest gainers was Rick McHardy's Alberta-focused Spartan Delta Corp. (SDE), up 30 cents to $6.23 on a heavier-than-usual 2.26 million shares. The company got a lovely mention this morning from the TMX Group. The group finally got around to bringing in Spartan's management to open the market (virtually speaking) and to "celebrate the company's graduation" to the TSX. Spartan actually graduated to the TSX from the TSX-V more than a month ago, on Sept. 1. (For context, another company invited to ring the opening bell this week was IntelGenx Technologies, which graduated just last week.)

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