This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery lost $2.50 to $90.54, while Brent for August lost $1.94 to $93.09 (all figures in this para U.S.). Despite today's losses, both benchmarks notched a weekly gain and snapped a two-week losing streak. Western Canadian Select traded at a discount of $13.80 to WTI, up from a discount of $13.90. Natural gas for July lost 10 cents to $3.22. The TSX energy index lost 17.74 points to close at 415.64.

Oil sands giant Suncor Energy Inc. (SU) lost $4.16 to $86.85 on 10.5 million shares, falling with oil prices and a downgrade from Goldman Sachs. In a research note this morning (parts of which were excerpted in today's Globe and Mail), Goldman Sachs analyst Neil Mehta moved his rating on Suncor to neutral from buy, saying its "successful operational turnaround" is now properly reflected in its share price. He has a $72 (U.S.) target on the stock, which would be a 15-per-cent gain over the U.S.-listed shares' closing price today of $62.23 (U.S.).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS