BUZZ-Oil & gas cos: Up as oil touches week high

Wed May 11, 2016 12:16pm EDT
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** Shares of oil and gas producers, drillers and service providers up after Brent crude rises as much as 4 pct at $47.32/barrel and WTI crude rises as much as 3.3 pct at $46.13/barrel

** Oil prices jumped after the U.S. government reported a big U.S. crude inventory draw for last week, surprising analysts who had expected a build instead

** Oil producers: Bonanza Creek Energy Inc up 13.4 pct, Emerge Energy Services LP 11.3 pct, Chesapeake Energy Corp 10.2 pct, Denbury Resources Inc 9.7 pct, North American Energy Partners Inc 7.4 pct, Halcon Resources Corp 7 pct, ConocoPhillips 3.2 pct

** Oilfield services companies: Halliburton Co up 3.2 pct, National-Oilwell Varco Inc 1.9 pct, Weatherford International Plc up 7 pct

** Drillers: Seadrill Ltd up 6 pct, Ensco Plc 3 pct, Helmerich & Payne Inc 1.8 pct

** Canadian oil producer Encana Corp up 11.8 pct; U.S.-listed shares up 12.4 pct

** Bloomberg on Tuesday cited sources saying Encana is looking to sell some of its shale assets in Western Canada as part of an effort to bolster its balance sheet amid protracted low oil prices. (