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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 51 cents to $68.18 on the New York Merc, while Brent for November added 38 cents to $71.98 (all figures in this para U.S.). Despite today's small gain, both benchmarks notched a weekly loss. Western Canadian Select traded at a discount of $13.80 to WTI, down from a discount of $11.50. Natural gas for November shot up 15 cents to $2.90. The TSX energy index added 5.23 points to close at 261.55.

Robert Logan's oil sands producer, Greenfire Resources Ltd. (GFR), lost 11 cents to $9.92 on 15,500 shares, as it continued to clash with a would-be major shareholder. Adam Waterous's Waterous Energy Fund (WEF) is challenging the shareholder rights plan -- or poison pill -- adopted by Greenfire last week. The plan is intended to fend off a creeping takeover bid following WEF's announcement on Sept. 16 that it plans to acquire more than two-fifths of Greenfire's shares from existing shareholders (including Greenfire's chairman, who quickly became ex-chairman once the word was out). Now WEF has asked the Alberta Securities Commission (ASC) to block the plan. Greenfire has in turn vowed to defend the plan at a yet-to-be-scheduled hearing before the ASC.

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