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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost 63 cents to $70.37 on the New York Merc, while Brent for November lost 59 cents to $73.90 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.90 to WTI, up from a discount of $14.30. Natural gas for October shot up 18 cents to $2.61. The TSX energy index added 1.78 points to close at 266.63.

It was a quiet day in the Canadian oil patch. A few producers had a mop-up Monday, checking items off to-do lists that were already announced. One of them was Robert Logan's oil-sands-focused Greenfire Resources Ltd. (GFR), which lost seven cents to $10.30 on 13,400 shares, after semi-officially erecting its defence against the Waterous Energy Fund (WEF). Specifically, Greenfire has filed its previously announced shareholder rights plan (also known as a poison pill) and is awaiting TSX approval. The plan is intended to fend off a creeping takeover bid following last week's announcement that WEF plans to acquire more than two-fifths of Greenfire's shares. As laid out in the plan, the acquisition of a 20-per-cent interest or greater can now trigger a dilutive rights offering.

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