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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added $1.96 to $74.97 on the New York Merc, while Brent for October added $1.86 to $79.08 (all figures in this para U.S.). Despite today's rise, both benchmarks notched a weekly loss. Western Canadian Select traded at a discount of $14.40 to WTI, down from a discount of $13.50. Natural gas lost three cents to $2.03. The TSX energy index added 3.00 points to close at 287.55.

Dave Burton's Alberta- and Saskatchewan-focused heavy oil producer, Lycos Energy Inc. (LCX), added seven cents to $3.18 on 119,700 shares, after releasing its second quarter financials. It patted itself on the back for an "active" and "positive" quarter. Production averaged 4,600 barrels of oil equivalent a day, slightly higher than analysts' predictions of 4,500 barrels a day, while cash flow of 33 cents a share surpassed analysts' predictions of 28 cents a share. Lycos made no changes to its guidance, including an ambitious target of 5,700 barrels a day by year-end.

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