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by Stockwatch Business Reporter

West Texas Intermediate crude for September delivery closed unchanged at $63.88 on the New York Merc, while Brent for October added 16 cents to $67.59 (all figures in this para U.S.). Despite today's mostly flat settlements, both benchmarks notched a steep weekly decline. Western Canadian Select traded at a discount of $12.90 to WTI, unchanged. Natural gas for September lost seven cents to $2.99. The TSX energy index added a fraction of a point to close at 268.44.

Canadian energy investors ended the week with another drenching of energy financials. Adam Waterous's heavy-oil-focused Strathcona Resources Ltd. (SCR) lost eight cents to $33.94 on 304,100 shares, after reporting numbers that were mostly ho-hum. Second quarter production of 181,300 barrels of oil equivalent a day and cash flow from continuing operations of $1.35 a share came in a tad shy of analysts' predictions of 183,400 barrels a day and $1.39 a share. Just after quarter-end, Strathcona completed two large asset sales, the preparations for which prompted it to set new full-year guidance in May of 150,000 to 160,000 barrels a day. Strathcona has now tightened this to a range of 152,000 to 158,000 barrels a day.

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