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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 23 cents to $69.39 on the New York Merc, while Brent for January added one cent to $73.31 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.70 to WTI, up from a discount of $13.70. Natural gas for December lost two cents to $2.95. The TSX energy index lost a fraction of a point to close at 280.55.

Dave Burton's Alberta- and Saskatchewan-focused Lycos Energy Inc. (LCX) lost 13 cents to $2.70 on 14,800 shares, after releasing its third quarter financials and trimming its full-year guidance. The third quarter seems to have gone swimmingly until September, when problems at a processing plant forced Lycos to shut in nearly one-fifth of its production, likely until the new year. The company is thus reducing its 2024 guidance to 4,500 barrels a day from 4,800. The reduction will show up most notably in the fourth quarter, when Lycos was previously expecting to produce 5,500 barrels a day, but (given the year-to-date average and the revised full-year target) will likely come in at just 4,800 barrels a day instead, flat with the third quarter. That would mark its first quarter with flat production.

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