CANADA STOCKS-TSX ends flat as Greek worries offset energy gains

Wed Feb 15, 2012 5:09pm EST
 
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* TSX up 7.56 pts, or 0.06 pct, at 12,362.03

* Energy gains offset by Greek bailout doubts

* Global data, China comments boost sentiment

By Jon Cook

TORONTO, Feb 15 (Reuters) - Canadian stocks ended little changed on Wednesday as fears of oil supply disruptions and some encouraging U.S. economic data boosted energy issues, but the gains were limited by reports that Greece's debt bailout may be delayed.

Oil and gas producers kept Toronto's main index in positive territory, rising 0.5 percent after Brent crude hit a six-month high near $120 a barrel on concern about reduced supplies from Iran, other Middle East producers and Africa.

Talisman Energy led the sector's gains, jumping nearly 5 percent to C$13.13 after the independent oil explorer said it would cut spending in its largest shale gas production zone to cope with depressed natural gas prices.

Gainers were tempered by Cenovus Energy Inc, whose shares slipped 1.3 percent to C$38.08 after its fourth quarter profit failed to match expectations and it again extended the search of a joint-venture partner for a northern Alberta oil sand project.   Continued...