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TSX Flat At Open Friday

2/17/2012 9:53 AM ET

Canadian stocks were little changed at open Friday as gauges of most sectors were stuck in the mud, resulting in a modest gain for Toronto's main index.

The S&P/TSX Composite Index edged up 8.81 points or 0.07 percent to 12,494.40.

In the oil patch, Encana Corp. (ECA.TO) soared 4 percent even after reporting fourth quarter earnings that came in less than consensus estimates.

PetroBakken Energy (PBN.TO) gained nearly 6 percent after it said it would divest certain non-core assets to Crescent Point Energy (CPG.TO). for gross cash proceeds of $427 million. Shares of Crescent Point shed 2 percent.

Property and casualty insurance services provider Fairfax Financial Holdings (FFH.TO) lost nearly 4 percent after reporting a wider fourth-quarter net loss

Gold stocks were marginally lower, with Agnico-Eagle Mines (AEM.TO) and Barrick Gold (ABX.TO) losing close to 1 percent each.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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