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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 20 cents to $58.69 on the New York Merc, while Brent for January added 30 cents to $63.01 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.80 to WTI, down from a discount of $9.20. Natural gas for December added 11 cents to $4.64. The TSX energy index lost 2.43 points to close at 299.22.

The homeward-bound Baytex Energy Corp. (BTE) added 15 cents to $4.40 on 46.1 million shares, adding to the 51 cents it gained yesterday after announcing the sale of all of its U.S. assets for $2.3-billion (U.S.) in order to focus on Western Canada. The stock is enjoying its seat at the popular kids' table, being swarmed by cheerleaders (also known as analysts). "Right on the money," gushed Raymond James analyst Luke Davis, as he hiked his price target on Baytex all the way to $5.50 from $3.50. Upgrades and compliments also poured in from Scotia's Kevin Fisk (who hiked his target to $5.25 from $4), National Bank's Dan Payne (to $5 from $4.50), TD's Menno Hulshof (to $4.75 from $4) and ATB Capital's Amir Arif (to $4.60 from $4).

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