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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery lost 19 cents to $61.31 on the New York Merc, while Brent for December lost 32 cents to $65.62 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.70 to WTI, up from a discount of $12.80. Natural gas for November added 13 cents to $3.44. The TSX energy index added 1.48 points to close at 286.37.

Canadian energy investors started the last week of October bracing for a flood of September financials. Companies reporting their third quarter numbers this week include Advantage Energy Ltd. (AAV: $11.37), Headwater Exploration Inc. (HWX: $7.29), Tamarack Valley Energy Ltd. (TVE: $6.38), Baytex Energy Corp. (BTE: $3.26) and more.

The "more" includes Cenovus Energy Inc. (CVE), up seven cents to $23.98 on 29.8 million shares. Cenovus will release its third quarter figures this Friday, but today it was separately in the news for sweetening -- again -- its takeover bid for oil sands producer MEG Energy Corp. (MEG), up 94 cents to $29.81 on 9.72 million shares. Cenovus is now offering $30 cash or 1.255 of a Cenovus share for every MEG share. This bid secured what the previous two (the original and subsequent bump) could not: the approval of major MEG shareholder and former rival suitor Strathcona Resources Ltd. (SCR), up $1.03 to $36.34 on 71,100 shares.

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