3 Energy Stock Stories To Close Out the Trading Week

Chevron Corporation (NYSE:CVX): Closing price $117.49

Attempts by Chevron to obtain documents from a California environmental advocacy group in a fraud case concerning a $19 billion award for rainforest pollution in Ecuador have been turned down by Magistrate Judge Nathanael Cousins, as he quashed Chevron’s subpoena for a deposition and documents from Amazon Watch, which the group’s own attorney termed the domestic oil firm’s “sharpest critic.” The subpoena was connected with a case set to go to trial on October 15, in which Chevron accuses Ecuadorean residents, their lawyers and advisers of fraud in obtaining a multi-billion dollar judgment from a local court.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

CVX

Exxon Mobil Corporation (NYSE:XOM) Closing price $88.98

According to Exxon Mobil, its affiliate in Liberia has purchased an 80 percent interest in Liberia Block 13 from Canadian Overseas Petroleum, comprising in excess of 625,000 acres offshore the country in water depths ranging between 250 and 10,000 feet. ExxonMobil Exploration and Production Liberia Limited and COPL got a final approval of the transaction from the Liberia national legislature and President Ellen Johnson Sirleaf. The transaction closed on April 5.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

XOM

Pinnacle West Capital Corporation (NYSE:PNW): Closing price $58.14

Pinnacle’s key ancillary Arizona Public Service disclosed on Thursday updates on the performance of its solar division in 2012, along with revealing the 2013 solar plan. In 2012, the utility operator added 148 megawatts to its generation capacity, and the increased output will help serve over 35,000 consumers in Arizona, securing its position as one of the top power service providers in the region, according to Zacks Equity Research.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

PNW

Investing Insights: Can Exxon Mobil Move Higher?