5 Energy Stocks on Watch

Ivanhoe Energy Inc. (USA) (NASDAQ: IVAN) yesterday announced a significant gas
discovery at Sunwings Yixin-2 well in Southwest China. The gas from the well
flowed at rates of up to 13 million cubic feet per day, and averaged 9 to 10
million cubic feet per day during the initial 24-hour test period. Ivanhoe
focuses on pursuing long-term growth in its reserves and production using
advanced technologies, including its proprietary, patented heavy to light
upgrading process. Exxon Mobil Corporation (NYSE: XOM) recently announced the
completion of an expansion of carbon dioxide capture plant. The expanded plant
will help reduce greenhouse gas emissions and enhance oil production in the
United States. The expansion provides for the plant the capacity to capture
approximately 365 million cubic feet per day of carbon dioxide from the gas
streams. Exxon Mobil manufactures and markets commodity petrochemicals,
including olefins, aromatics, polyethylene and polypropylene plastics and a
range of specialty products. Chevron Corporation (NYSE: CVX) recently submitted
expert analysis from a leading forensic specialist demonstrating that many of
the signatures on the document purporting to authorize the lawsuit against
Chevron in Lago Agrio, Ecuador, were forged. This newly uncovered evidence of
forgery and fraud makes the lawsuit being tainted with corruption and required
termination. Chevron engages in fully integrated petroleum operations, chemicals
operations, mining operations, power generation and energy services through its
subsidiaries. Occidental Petroleum Corporation (NYSE: OXY) recently announced
the divestiture of its Argentine oil and gas operations for after-tax proceeds
of approximately $2.5 billion to a subsidiary of China Petrochemical
Corporation. It also purchased oil and gas properties in South Texas and North
Dakota for about $3.2 billion. Additionally, it has increased its General
Partner ownership in Plains All-American to approximately 35%; and it has agreed
to acquire the remaining 50% joint venture interest in the Elk Hills Power
Plant. These arrangements are expected to improve efficiency and lower operating
costs at Oxy's Elk Hills business unit and report a gain on the sale of
assets. Occidental operates through three business segments including oil and
gas segment, chemical segment, and midstream, marketing and other segment. Devon
Energy Corporation (NYSE: DVN) recently announced that its Canadian heavy oil
volumes have been impacted due to outages on the Enbridge pipeline system. As a
result, the company's production has been decreased by approximately 10,000
barrels per day. This decrease is expected to continue through year-end reducing
the company's expected fourth quarter Canadian oil volumes by roughly 300,000
barrels. This represents one-half of one percent of Devon's total expected
company-wide production for the fourth quarter and could affect its financials.
Devon engages in exploration, development and production of natural gas and oil.
This corporate profile is provided for information purposes only and should not
be used as the basis for any investment decision. We are neither licensed nor
qualified to provide investment advice. We were not paid, nor do we hold a
position in these stocks. We reserve the right to buy or sell IVAN, XOM, CVX,
OXY and DVN at any time after this post.