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Energy Summary for Oct. 17, 2022

2022-10-17 18:46 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost 15 cents to $85.46 on the New York Merc, while Brent for December lost one cent to $91.62 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28.75 to WTI, down from a discount of $28.70. Natural gas for November lost 45 cents to $6.00. The TSX energy index lost a fraction of a point to close at 237.25.

It was a quiet day in the Canadian oil patch, perhaps the calm before the storm of quarterly reporting season, which starts in one week. PrairieSky Royalty Ltd. (PSK: $19.99) will take its usual place at the head of the line, releasing its third quarter financials next Monday after the close. Other companies scheduled to release their financials next week include Crescent Point Energy Corp. (CPG: $9.55), Whitecap Resources Inc. (WCP: $9.76), Tamarack Valley Energy Corp. (TVE: $4.15), Advantage Energy Ltd. (AAV: $10.48) and Imperial Oil Ltd. (IMO: $64.41).

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