CANADA STOCKS-TSX up with energy after earnings, oil price helps
(Adds details on specific stocks, updates prices)
* TSX rises 52.07 points, or 0.35 percent, to 14,859.63
* Six of the TSX's 10 main groups move higher
TORONTO, Oct 27 (Reuters) - Canada's main stock index rose in morning trading on Thursday, with the energy sector up decently as oil prices rebounded and as a slew of oil and gas companies reported quarterly earnings.
The country's largest oil and gas producer, Suncor Energy Inc, was the most influential gainer, jumping 5.3 percent to C$41.47. Suncor reported better-than-expected third-quarter profit on strong upstream production, lower operating costs and record crude throughput at its refineries.
Cenovus Energy Inc rose 3 percent to C$20.76 even as it reported a steeper loss than expected and cut its 2016 exploration and production budget again.
The energy group climbed 1.9 percent as oil edged above $50 a barrel, with a further drop in U.S. crude inventories countering investor doubts that OPEC will be able to implement a production cut.
At 10:07 a.m. EDT (1407 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 52.07 points, or 0.35 percent, to 14,859.63.
Six of the index's 10 main groups were in positive territory, with gainers outnumbering decliners by 1.4-to-1. Continued...