BUZZ-Oil producers: Oil holds above $51/barrel

Thu Jan 8, 2015 12:03pm EST
 
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** Shares of mid-size oil producers gain as crude holds above $51/bbl, supported by surprise drop in U.S. inventories

** Brent crude up 12 cents to $51.27 by 1450 GMT; U.S. crude up 19 cents at $48.84

** "This is just a technical rebound after the massive drop in previous days," said Carsten Fritsch, analyst at Commerzbank

** Crescent Point Energy Corp rises 7.3 pct to C$27.84, Parsley Energy Inc 7.7 pct to $14.68, Emerge Energy Services LP 6 pct to $52.68, Laredo Petroleum Inc 9 pct to $9.06, Goodrich Petroleum Corp 6 pct to $3.48

** Sanchez Energy Corp, which cut its 2015 capital budget midpoint by $250 mln on Wednesday, up 8.5 pct at $8.65