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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery lost 81 cents to $86.04, while Brent for January lost $1.08 to $91.49, as the White House once again downplayed the prospect of major military escalation against Iran. (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.80 to WTI, down from a discount of $25.60. Natural gas for December added eight cents to $3.29. The TSX energy index added 4.55 points to close at 431.40.

Darren Gee's Alberta Deep basin gas producer, Peyto Exploration & Development Corp. (PEY), added 49 cents to $24.60 on 2.06 million shares, after releasing its third quarter financials. It had already given investors a good idea of what to expect through its monthly operational updates, which put average production for the quarter at 143,000 barrels of oil equivalent a day. Analysts were thus looking for cash flow of $1.04 a share. The actual figure came in slightly higher, at $1.06 a share.

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