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by Stockwatch Business Reporter

West Texas Intermediate crude for August delivery lost $1.47 to $66.98 on the New York Merc, while Brent for September lost $1.15 to $69.21 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.00 to WTI, down from a discount of $10.50. Natural gas for August added 15 cents to $3.46. The TSX energy index lost a fraction of a point to close at 272.26.

It was a fairly quiet day in the oil patch as companies braced for quarterly earnings season, which starts today after the close with PrairieSky Royalty Ltd. (PSK: $23.57). This droplet will turn into a trickle next week with reports from companies such as Whitecap Resources Inc. (WCP: $9.68) and Headwater Exploration Inc. (HWX: $7.02), and will then turn into a flood from late July to mid-August.

Canadian energy circles were abuzz throughout the weekend over a high-profile interview with Adam Waterous, executive chairman of heavy oil producer Strathcona Resources Ltd. (SCR), up 66 cents to $33.50 on 215,900 shares. Late last week, before a live audience at the Calgary Stampede, Mr. Waterous sat down for an hour-long interview hosted by ATB Financial and sponsored by BMO. (Strathcona has a long and cozy relationship with both banks. The interview, promoted with a beaming picture of Mr. Waterous and a gushy tagline about Strathcona hitting $4-billion in revenue faster than any company in Canadian history, was very much a friendly game of softball.)

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