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by Stockwatch Business Reporter

West Texas Intermediate crude for September delivery lost 37 cents to $74.04 on the New York Merc, while Brent for October lost 52 cents to $77.15 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.80 to WTI, down from a discount of $11.30 to WTI. Natural gas lost five cents to $2.20. The TSX energy index lost 6.46 points to close at 284.35.

On another dismal day for Canadian energy stocks, their cheerleading squad (also known as analysts) rolled up their sleeves and staged a pep rally. "Walking on sunshine -- 2Q24 review," was the sunny title of a new research note by Desjardins analyst Chris MacCulloch, who offered his thoughts on companies' recent second quarter financials now that the reporting season is "officially wrapped." (This will be news to some of the perennial late bloomers, such as Lycos Energy Inc. (LCX: $3.20), Logan Energy Corp. (LGN: $0.89) and others still yet to report, but evidently these are not in Mr. MacCulloch's garden of coverage.)

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